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Compliance Consultant 4 - WFA AML Quality Assurance

Posted on May 18, 2019 by TMP Worldwide

Missouri, MO
Information Technology
Immediate Start
Annual Salary
Job Description

At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Corporate Risk helps all Wells Fargo businesses identify and manage risk. We focus on three key risk areas: credit risk, operational risk and market risk. We help our management and Board of Directors identify and monitor risks that may affect multiple lines of business, and take appropriate action when business activities exceed the risk tolerance of the company.

Wells Fargo Compliance is the company's compliance independent risk management function, providing company-wide leadership, standards, support, and independent oversight to ensure that all front-line business groups abide by applicable laws, rules, regulations and regulatory guidance (regulatory requirements), meet compliance responsibilities, and manage compliance risks. Wells Fargo Compliance credibly challenges management decisions, business processes and activities, and evaluates and assesses adherence to applicable regulatory requirements. It provides appropriate analysis, reporting, and escalation to senior management and the Board of Directors, sets minimum standards for the company, and gives advice, guidance, and support for compliance risk management activities across the enterprise.

Within Wells Fargo Advisors (WFA) Compliance, the WFA AML Compliance Program team is responsible for ensuring that the execution and coordination of the WFA AML Program functions are managed in a timely, accurate, and proactive manner.

The WFA AML Compliance team Compliance Consultant (CC) will primarily be responsible for designing and executing quality assurance reviews of AML processes that impact the WFA AML Compliance Program, while identifying potential gaps that need to be communicated to AML management. The CC will also be responsible for maintaining a strong knowledge of the external regulatory environment and Wells Fargo Corporate Policies in order to assess potential impacts to the quality assurance approach and processes subject to review. In addition, the CC will support the WFA AML Compliance team by leading ad-hoc WFA AML Compliance projects and initiatives.

Specific responsibilities for this position include, but are not limited to:

  • Maintain an understanding of business operations and applicable regulatory and corporate policy guidance.
  • Develop and design the quality assurance program including the written test steps required to appropriately evaluate the process under review.
  • Accurately analyze the results of the quality assurance review, identify trends, and escalate for further evaluation if needed.
  • Identify potential concerns, determine the root cause, and coordinate with stakeholders to determine appropriate next steps.
  • Clearly document results of quality assurance reviews in a complete, accurate, and timely manner.

*Please Note: Based on the volume of applications received, this job posting may be removed prior to the indicated close date. If you do not apply prior to the closing of this posting, we encourage you to apply for other opportunities with Wells Fargo.

Required Qualifications

  • 6+ years of experience in compliance, operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk), or a combination of both; or 6+ years of IT systems security, business process management or financial services industry experience, of which 3+ years must include direct experience in compliance, operational risk management, or a combination of both

Desired Qualifications

  • Advanced Microsoft Office skills
  • Excellent verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy
  • Ability to interact with all levels of an organization
  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
  • Audit or internal controls testing experience
  • Ability to interact with integrity and a high level of professionalism with all levels of team members and management
  • Quality assurance experience
  • Ability to articulate complex concepts in a clear manner
  • Certified Anti Money Laundering Specialist (CAMS)

Other Desired Qualifications
  • BSA/AML/OFAC regulatory compliance experience in financial institutions, including broker/dealers
  • Federal or State Financial Institution regulatory oversight pertaining to BSA/AML Compliance
  • Previous experience preparing, filing, or reviewing Suspicious Activity Reports (SARs)
  • Knowledge and understanding of brokerage products and services


All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Reference: 708078912