About this role:
Wells Fargo is seeking an APAC Financial Crimes Policy and Governance Officer and Japan Money Laundering Reporting Officer in Tokyo Branch. Asia Pacific (APAC) Financial Crimes Risk Management (FCRM) is a second line of defense team covering Anti-Money Laundering (AML), Sanctions and Anti-Bribery and Corruption (ABC) across all businesses in the APAC region. Reporting to the Strategy and Governance Manager of APAC FCRM and with a dotted reporting line into the Deputy Head of Financial Crimes for the Japan Money Laundering Reporting Officer (MLRO) duties.
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In this role, you will:
APAC Regional Policy and Governance Officer
- Developing and implementing of financial crimes-related programs and procedures in close collaboration with the MLROs.
- Managing the financial crimes regulatory change process and conduct gap analyses, as required, against regulatory changes, in consultation with the broader APAC FCRM team and MLROs.
- Completing financial crimes-related risk assessments; advise regional businesses, entities, and other stakeholders on financial crimes risk assessment related queries; monitor risk reduction action plans.
- Coordinating responses to financial crimes-related regulatory requests and reviews.
- Assisting with financial crimes related Internal Audit and Testing & Validation engagements.
- Coordinating and prepare financial crimes-related training materials; demonstrate oversight by APAC FCRM of all locally required FCRM trainings and awareness sessions.
- Working closely with the Country/Regional Compliance, Operational Risk, Business and Business Control teams; liaise with the business teams to ensure oversight by FCRM and timely issue identification and resolution.
- Managing ad hoc projects and/or tasks from time to time.
- Ensuring compliance with Wells Fargo & Company’s Global and local FCRM-related Policies and Standards, including local and US FCRM-related regulatory requirements.
- Serving as the primary contact for lines of business and designated legal entities operating in Japan for financial crime matters.
- Identifying, assessing and monitoring money laundering, terrorist financing and other applicable financial crimes risks ensuring that the program is comprehensive and proportionate to the nature, scale and complexity of Wells Fargo’s businesses operating in Japan.
- Communicating and escalating financial crimes-related issues to the Deputy APAC Head of Financial Crimes and the APAC Head of Financial Crimes.
- Establishing and maintaining strong working relationships with APAC business heads, compliance partners, legal, audit, and other FCRM Managers to effectively manage financial crimes risk.
- Maintaining an understanding of current and proposed financial crimes laws, regulations and regulatory guidance that apply to the lines of business and legal entities operating in Japan.
- Maintaining an awareness of emerging financial crimes trends/risk across the enterprise and region and develop strategies to apply lessons learned that proactively address this risk.
- Receiving, reviewing, monitoring, and submitting Suspicious Transaction Reports (STRs) to the local regulatory Financial Intelligence Unit and liaise with regulatory bodies as applicable.
- Preparing planning and reporting documents regarding the Japan AML/CFT Program for senior management.
- Identifying and assessing training needs, and establishing, developing, delivering, and maintaining the local AML training program as appropriate.
- Reporting on the effectiveness of each regulated entity’s systems and controls used to combat money laundering to regional and local senior management, on a periodic basis or as circumstances dictate.
- Monitoring regulatory change, ensuring active identification, response and/or escalation of money laundering, terrorist financing and other applicable financial crimes-related topics, as appropriate.
- Assisting in management of internal audits, as well as local and global regulatory exams.
- Coordinating responses to inquiries from enforcement authorities and regulators.
- Conducting financial crimes-related risk assessments, providing credible challenge to business and support teams as appropriate.
- Contribute to Risk and Control Self Assessments (RCSA).
- 5+ 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
- At least five years of AML/CFT related experience working in a large financial institution or combined with experience in a related government/regulatory body.
- Knowledge and strong understanding of Japan AML/CFT regime and international/industry practices, to include BSA, USA PATRIOT Act, OFAC, and global sanctions.
- Ability to develop and manage business relationships with various stakeholders, including front office and audit.
- Excellent verbal, written, and interpersonal communication skills. Japanese and English language skills are required.
- Experience in managing the preparation of program and procedure documents, investigative reports, and Suspicious Transaction Reports.
- Excellent analytical skills, lateral thinking and problem-solving ability with high attention to detail and accuracy.
- Ability to independently prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment.
- Experience in making and owning risk-based decisions.
- Experience with development of AML/CFT programs or testing/audit of such programs considered a plus.
- Knowledge of transaction monitoring systems utilized in AML/CFT investigative programs considered a plus.
- Certified Anti Money Laundering Specialist (CAMS) and/or Certified Fraud Examiner (CFE) or other similar designation considered a plus.
We Value Diversity
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
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.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
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