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Business Risk & Controls Associate

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Job ID 45671BR

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading global financial services company with $2.0 trillion in assets and offices in over 37 countries. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides asset management, capital raising and advisory, financing, foreign exchange, payments, risk management, and trade finance services to support customers who conduct business in the global economy. At Wells Fargo, we want to satisfy our customers’ financial needs and help them succeed financially. We also value the viewpoints of our team members and encourage them to be their best. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Learn more at our International Careers website.


Market Job Description

Wells Fargo provides middle market, large corporate and financial institution customers with a range of international solutions, including treasury management, credit, payments, financing, foreign exchange, and trade services. Wells Fargo operates from 42 countries and territories outside of the U.S., including branches in Beijing, Cayman Islands, Dubai International Financial Center (DIFC), Hong Kong, London, Seoul.

We are recruiting for a new Risk Management Consultant to join our industry-leading team of subject-matter experts to work within the Global Customer Risk Team, which works to support the Financial Institutions Group (FIG) as part of the “first line of defense”.

Our team is considered customer-facing, as we sit directly alongside the Financial Institutions Group (FIG) front-line relationship management team, which is one of nine major lines within Wholesale Banking who provide specialized coverage and product solutions for client relationships across global correspondent banks in Europe.


We are considered to be the backbone of Wells Fargo’s AML/Compliance programme, providing the full suite of risk and control underwriting services for our client relationships and keeping abreast of topical typologies of risk and emerging trends in the financial crimes space.

If you are successful at joining this team, you can expect to join a collaborative, proactive and innovative team who are truly passionate and knowledgeable about financial crimes risk. Your background must include AML investigations and transaction monitoring experience. European languages such as Spanish, German and French are highly desirable.

Responsibilities:

  • Responsible for ensuring the business is collecting and documenting customer due diligence and enhanced due diligence according to Corporate policy, Wholesale and FIG procedure.

  • The FIG Risk Management Consultant is responsible for ensuring the complete, accurate, and timely documentation of customer data within the Customer Risk Management System on all financial crimes matters.

  • This position must stay attuned to industry and regional trends related to compliance issues, financial crimes, and regulatory actions; and proactively identify risk issues and work with senior relationship and risk managers to develop, document, and implement appropriate action plans.

  • This role is responsible for evaluating and making decisions about customer information, negative news and complex financial activity.

  • Furthermore, the position will be responsible for providing detailed risk analysis of the FIG customer base in the assigned region, including but not limited to EMEA.

  • The role is responsible for performing detailed analyses to identify patterns, trends across EMEA jurisdictions and relationships and within an assigned portfolio; evaluation of the adequacy and effectiveness of policies, procedures, processes and internal controls; reviews and analysis findings to determine level of risk; drafting corrective action (remediation) plans and assists in managing change to prevent/mitigate risk;

  • This position works closely with Relationship managers, Risk managers, and Customers.

  • The Risk Management Consultant may call on clients with the relationship teams in the region to discuss financial crime; and ensure appropriate compliance issues are discussed, documented, and managed.

  • Ad-hoc travel to meet with clients throughout Europe required.


The Risk Management Consultant may act as a point of contact for inquiries from Financial Crimes Risk Management and Wholesale Compliance in the 2nd line; and ensure that all enquiries are responded to appropriately and in a timely manner.

Market Skills and Certifications

  • Educated to degree level (or equivalent).

  • Experience of working in the Financial Services industry, including experience working as AML investigator and / or transactional monitoring analysis skills.

  • Good understanding and knowledge of AML (anti money laundering) trends.

  • Proven experience in understanding and managing financial crime risk in Europe region in accordance with FIG vision, risk appetite, policies and procedures.

  • Strong English communication skills both written & verbal, as this role is client-facing, and writing concise arguments is a fundamental part of the role.

  • Ability to build/develop strong relationships and work in a complex and rapidly changing environment.

  • Strong attention to detail.

  • European Languages desirable, particularly Spanish, German and French.

  • Experienced using MS Office (Word, Outlook and Excel) and other Web based applications.

We Value Diversity

At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.

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