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Head of Financial Crimes Risk Management, Asia Pacific

Wells Fargo Bank

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Head of Financial Crimes Risk Management, Asia Pacific

Full-time
Intermediate (3-6 years)

Posted 

Technical Skills

  • Anti Money Laundering (AML)
  • Audit
  • Compliance
  • Internal Audit
  • Know Your Customer (KYC)
  • Operational Risk
  • Process Improvement
  • Project Management
  • Risk Assessment
  • Risk Management

Job Description

Head of Financial Crimes Risk Management, Asia Pacific

Location: Hong Kong

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 (wellsfargo.com) 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.

Main function of the job:
 
This senior level position will report directly to the APAC Regional Risk Executive, with additional accountability to the Head of International Financial Crimes and the Head of FCRM Governance.  The position’s primary responsibility will be to maintain and develop the APAC Financial Crimes Program in accordance with requirements of APAC jurisdictions, the United States, and the Wells Fargo Corporate Financial Crimes Program.

 
The Head of APAC FCRM will work to ensure that appropriate controls, resources and organizational support are in place across the lines of business operating in APAC to sustain an effective program; identify financial crimes-related industry trends; and provide oversight of LOB FCRM programs. The Head of APAC FCRM will act as the primary liaison for APAC to Group Financial Crimes teams (notably Wholesale Financial Crimes Risk and Compliance) and Enterprise FCRM partners. The successful candidate must build solid relationships with key business partners and WF Audit Services to help employ and maintain effective program activities. In addition, he or she must participate in relevant industry groups and build relationships with relevant regulators and law enforcement.
 
(Note: In addition to these functions, team members will carry out such other duties as may reasonably be required)

Responsibilities:
  • Manage and lead the regional financial crimes teams, including Anti-Bribery and Corruption (“ABC”), Anti-Money Laundering (“AML”), Economic Sanctions, Fraud, and Know-Your-Customer,  and Strategy and Process Improvement
  • Provide regional leadership and oversight of Money Laundering Reporting Officers (“MLROs”) as wells as the APAC Global Financial Investigations Unit
  • Provide leadership and advice to regional management on financial crimes-related risk
  • Ensure timely and comprehensive implementation of new financial crimes-related laws, regulations, and internal policies
  • Review and approve program-related policies and procedures throughout the region
  • Coordinate closely with partners in the APAC Risk Organization, as well as Group Financial Crimes teams, Corporate FCRM, and other regional FCRM Teams
  • Participate in regional management committees
  • Oversee completion of regional financial crimes risk assessments
  • Develop relationships with regulators and law enforcement
  • Ensure the appropriate level of organizational engagement and support for the APAC FCRM program
  • Provide financial crimes  expertise for projects and initiatives in the APAC region
  • Recruit, develop, and retain talent to ensure a strong, sustainable model

Requirements

Qualifications:
 
The successful candidate will be able to demonstrate:
 
  • 10+ years in compliance, operational risk, or financial crimes risk management, with a minimum of 5 years leading a financial crimes program
  • Ability to develop long-term, strategic financial crimes programs within a large, complex financial institution
  • Expert knowledge and demonstrated track record of developing and implementing effective AML/BSA, ABC, Sanctions, and Fraud Risk Management policies and procedures
  • Proven experience in influencing and building relationships with senior management, fellow risk leaders, line of business partners, and industry groups
  • Exceptional leadership, communication, and interpersonal capabilities
  • Proven ability to recruit, develop, and retain talent in a competitive market
  • Experience effectively managing regulatory examinations, internal audits, and similar control review and testing engagements
  • Experience interacting directly with regulators and/or law enforcement
  • Knowledge of Wells Fargo’s business and organizational structure in Asia Pacific
The following would be advantageous:
 
  • Background/ experience with internal audit, particularly financial crimes audit
  • Strong project management skills and experience
  • Experience with financial crimes risk assessments
  • Up-to-date knowledge of economic sanctions regimes (OFAC, UN, and local)
  • Advanced degree
  • Relevant certifications (AAMLP, CAMS, 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.
 
Employment TypeFull-time
Career LevelIntermediate (3-6 years)
Education LevelMaster
LanguageEnglish
Wells Fargo BankFinancial Services, Retail and Commercial Banking

23 / F, AIA Financial Center, 1 Connaught Road Central, Central, Hong Kong

directions_walk13 mins walk from Admiralty Station