Senior Financial Crimes Specialist - FCRM Risk Assessment
Job Description
About this role:
Financial Crimes Risk Management (FCRM) has an opportunity for a Senior Financial Crimes Specialist to support the team's administration and execution of Risk Type Team responsibilities for the Risk and Control Self-Assessment (RCSA) methodology.This role requires knowledge of Financial Crimes and Operational Risk. The employee will also review and challenge the design of Operational Risk Key Risk Indicators (OR KRI) and any outer boundary breaches. The employee will use the Microsoft suite, primarily Excel and Word.
The Wells Fargo Financial Crimes Risk Management (FCRM) Risk Assessment Team executes the annual enterprise-wide Bank Secrecy Act / Anti-Money Laundering (BSA/AML), Global Sanctions, and Anti-Bribery and Corruption (ABC) Risk Assessment and performs Targeted BSA/AML and Global Sanctions Risk Assessments on a periodic basis.FCRM's Risk Assessment program enables Wells Fargo to determine its inherent risk and assess the effectiveness of its relevant controls to arrive at a residual risk.
The FCRM Risk Assessment Team is seeking a Sr. Financial Crimes Specialist to support various components of the Enterprise-wide Risk Assessment and Targeted Risk Assessments.
In this role, you will:
- . Support the pre-initiation work, execution, and/or reporting of Financial Crimes Risk Assessments.
- . Assist in reviewing FCRM Risk Assessment Survey responses submitted by Business Assessors.
- . Complete ad-hoc assignments, such as execution of controls by following the process defined within control procedure(s).
- . Assist in preparing training material for relevant Risk Assessment Stakeholders.
- . Assist in preparing written responses to various inquiries from independent testing engagements (e.g., Controls, Procedure, Methodology related inquiries).
Required Qualifications:
- 4+ years of Financial Crimes, Operational Risk, Fraud, Sanctions, Anti-Bribery, Corruption experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
- Control work (Issues, Corrective Actions, MREs, Audit Findings)
Posting End Date:
30 Jan 2025
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Employees 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.
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