Money Laundering Reporting Officer Money Laundering Reporting Officer …

Wells Fargo
à Singapour, Singapore, Singapour
CDI, Plein-temps
Dernière candidature, 28 sept. 20
Competitive
Wells Fargo
à Singapour, Singapore, Singapour
CDI, Plein-temps
Dernière candidature, 28 sept. 20
Competitive
Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 c

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 c


Market Job Description

Singapore coverage:

  • Ensure compliance with Wells Fargo & Company's Global and local Financial Crimes Risk Management (FCRM) related policies and standards, including local and U.S. FCRM related regulatory requirements.
  • Serve as the primary contact for lines of business and designated legal entities operating in Singapore for financial crime matters.
  • Oversee, advice and monitor money laundering, terrorist financing and other applicable financial crimes risks to ensure the program is comprehensive and proportionate to the nature, scale and complexity of Wells Fargo's business operating in Singapore.
  • Communicate and escalate financial crimes-related issues to the Regional Financial Crimes Manager and the Regional Anti Money Laundering (AML) Advisory Manager.
  • Establish and maintain strong working relationships with APAC business heads, compliance partners, legal, audit, control teams, and other FCRM Managers in order to effectively manage financial crimes risk.
  • Maintain 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 Singapore.
  • Maintain an awareness of emerging financial crimes trend and risk across the enterprise and region, and develop strategies to proactively address these risks.
  • Receive, review, monitor and submit Suspicious Transaction Reports (STRs) to the local regulatory Financial Intelligence Unit and liaise with regulatory bodies as applicable.
  • Prepare planning and reporting documents regarding the Singapore AML and CounterFinancing Terrorism (CFT) Program for senior management.
  • Identify, develop and deliver training needs and maintain local FCRM training program as appropriate.
  • Report 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.
  • Accomplish management responsibilities which include sourcing and hiring talented team members, provide ongoing coaching and feedback, recognize and develop team members, identify and manage risks.

 

APAC coverage:

  • Perform financial crimes advisory duties beyond Singapore at the direction of the Regional AML Advisory Manager.
  • Assist with coordination among APAC Monley Laundering Reporting Officers.
  • Assist with regional projects and initiatives, particularly in relation to emerging risks and control enhancements.
  • While role includes some level of regional coverage, role has no routine travel requirement.


Market Skills and Certifications

  • 8+ years of AML or CFT related experience in a financial institution or combined with experience in a related government or regulatory body.
  • Bachelor degree or higher education.
  • Knowledge and strong understanding of Singapore AML and CFT regime, combine with international and industry practices, to include Bank Secrecy Act, USA PATRIOT Act, Office of Foreign Assets Control, and global sanctions.
  • Experience in managing an AML and CFT program, including the recruitment and mentoring of personnel involved in the program to include the provision of business oversight and credible challenge.
  • Ability to develop and manage business relationships with various stakeholders including front office and audit.
  • Excellent verbal, written, and interpersonal communication skills.
  • Experience in managing the preparation of policy and procedure documents, investigative reports and STRs.
  • 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 programs or testing and audit of such programs considered a plus.
  • Knowledge of transaction monitoring systems utilized in AML and financial crimes investigative programs considered a plus.
  • Experience in process management, track record in an ‘unstructured' space and adaptability to rapid change considered a plus.
  • Certified Anti Money Laundering Specialist, Certified Fraud Examiner or other similar designation is considered a plus.

 

Leadership Expectations at Wells Fargo

As a Team Member manager, you are expected to achieve success by leading yourself, your team, and the business. Specifically you will:

  • Lead your team with integrity and create an environment where your team members feel included, valued, and supported to do work that energizes them.
  • Accomplish management responsibilities which include sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks.

 

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.

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.

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