Regional Risk Officer

  • Salary + Bonus + Benefits
  • Singapore
  • Permanent, Full time
  • Wells Fargo Bank
  • 14 Nov 17 2017-11-14

Join our successful Financial Institutions Group - The primary focus of this role is the execution of BSA/AML risk controls in the region and management of Financial Crimes Consultants.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,500 locations, 13,000 ATMs, the internet ( and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 273,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Department Overview

Financial Institutions Group (FIG) is a division of Wells Fargo's International Group responsible for providing financial services and innovative solutions to U.S. and International banks, multi-laterals, central banks, and sovereign wealth funds. FIG is divided among for primary geographic regions.  In each region, FIG has one or more dedicated Regional Risk Officers responsible for the overall management of compliance implementation, management, and ongoing development in the region.  This position is one of three Regional Risk Officers supporting the APAC region for FIG APAC. The position reports directly to the Regional Risk Underwriting group’s Senior Regional Risk Officer.

About the Role

The Regional Risk Officer is a critical role within FIG; responsible for ensuring FIG South East Asia region is appropriately following Corporate, Wholesale, and FIG policies and procedures.  The primary focus of this role is the execution of BSA/AML risk controls in the region and management of Financial Crimes Consultants. The Regional Risk Officer will call on financial institution customers with the relationship teams in the APAC region and ensure appropriate compliance issues are discussed, documented, and managed. The Regional Risk Officer will also be expected to build strong direct relationships with their counterparts internally and externally (especially in the case of high risk banks/countries and proactively identify trends and patterns that may present risk issues or opportunities to FIG.

 Additional responsibilities
•Lead key projects to enhance the AML program and/or mitigate risks
•Act as a point of contact for inquiries from Financial Crimes Risk Management and Compliance; ensure that all enquiries are responded to appropriately and in a timely manner
•Assist in coordinating training for the Area
•Quickly identify, strategize, and report on compliance related issues with specific customers or in the region as a whole
•Actively work to continually improve the FIG risk culture and risk methodology.
Essential Qualifications
•Strong understanding of BSA, AML, Sanctions, and Due Diligence compliance requirements
•Advanced oral and written communication skills
•Well-developed interpersonal skills
•Leadership and supervisory experience
•Ability to work in a fast paced and demanding environment
•Financial institution (FI) compliance experience
•BA/BS degree or equivalent
•Masters degree in a relevant field
•Compliance related certifications (CAMS, CRCM, etc)
Team members support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.