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Business Execution Consultant - CIB Customer Heightened Risk Team EMEA

Wells Fargo
London, United Kingdom
Closing date
Oct 20, 2022

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
About this role:

Wells Fargo is seeking a Business Execution Consultant.

In this role, you will:
  • Participate in a variety of assigned and ongoing business operations to ensure success in meeting business goals and objectives
  • Identify opportunities for process improvement by conducting root cause testing of all compliance and business metrics
  • Determine areas of strength or Business Execution opportunity within defined scope of work
  • Review and research strategies and action plans to establish effective processes while meeting performance metrics and policy expectations
  • Utilize independent judgment to guide moderate risk deliverables
  • Present recommendations to develop, implement, and monitor strategic approaches, effectiveness of support function, and business performance improvement opportunities for managing risks of the business
  • Exercise independent judgment and provide guidance in diverse support functions and operations for a single business group within a line of business
  • Collaborate and consult with leaders and executive management
  • Provide work direction to less experienced Strategy and Execution staff
Required Qualifications:
  • Experience in Business Operations, Leadership, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
  • Experience in financial crimes compliance
  • Familiarity with requirements of BSA / AML programs, including all aspects of CIP/CDD/Enhanced Due Diligence
  • Familiarity with EMEA regulatory requirements (FCA, EU, FINMA, e.g.) and Joint Money Laundering Steering Committee and other regional body guidance (FATF, e.g).
  • Knowledge of MiFID, EMIR and other key regulatory policies and rules
  • Understanding of key operational risk components
  • Excellent written communication skills.
  • Strong communication, negotiation, and collaboration skills, including the ability to negotiate with numerous parties and reach agreeable solutions
  • Strong organizational skills, attention to detail, and adherence to strict deadlines in a fast paced environment
  • Ability to effectively multi-task and successfully work on several unrelated projects at the same time and deliver critical solutions related to regulatory change
  • Prior success in AML-related project management strongly preferred
  • Financial Crimes Investigations or exposure to regulatory controls in a financial services environment strongly preferred
  • Degree or equivalent in business, finance, or economics, or equivalent experience.
Job Expectations:
  • Compile customer-level written risk assessments documenting all aspects of financial crimes and reputational risk of high-risk customers.
  • Review and assess customers with high-risk attributes, adverse news, and PEPs and escalate to appropriate stakeholders for regional approval
  • Facilitate client onboarding and periodic reviews; partner with CIB lines of business and corporate stakeholders to enable efficient and transparent front to end processing
  • Provide status updates to CIB stakeholders for each onboarding and review, including detailed risk analysis of each customer
  • Assist in obtaining client information and documentation required to meet legal and regulatory obligations
  • Investigate ownership and control structures to identify beneficiaries and possible PEPs for KYC and risk management purposes; assist with the disposition of any items of negative news or other AML related items during the review process
  • Maintain proficiency with all applicable regulatory, regional AML and Bank Secrecy Act, UK Regulations, Joint Money Laundering Steering Group guidance, legal and operational rules/policies impacting client onboarding and client data
  • Drive consistency for Client Data and Onboarding operational practices and procedures
  • Take accountability for entire process from receipt of work to resolution and closure.
  • Participate in projects and initiatives
  • Act as an advisory function to the Customer Due Diligence team
  • Advocate for and drive change to improve compliance practices and customer experience.
The Business Execution Consultant position within the Wells Fargo Corporate and Investment Banking (CIB) EMEA Heightened Customer Risk Team is located in the Wells Fargo offices on 33 King William Street, London .

This individual will assist with the EDD process specifically supporting the onboarding and periodic review of CIB customers with high-risk attributes that require EDD, whether pursuant to a single high-risk factor, adverse news, political exposure, or the customer risk rating in the AML KYC system of record.

The candidate will engage regularly with other KYC stakeholders, including Operations/Client Maintenance, relationship managers and business leaders, regional Money Laundering Reporting Officer(s) (MLRO), and Wholesale Banking financial crimes governance functions to effectively complete CIP verification, Customer Due Diligence, written high-risk assessments, periodic reviews and onboarding/exit decisions for new and existing clients. The individual will become a subject-matter expert in Wholesale Banking, Corporate, and Regional policies, remaining conversant in the legal and regulatory guidance that impact these policies. The individual will also be capable of understanding the Corporate risk rating program and how to validate the risk rating of customers while effectively resolving data issues that impact the high-risk population.

The Business Execution Consultant will report directly to the Business Execution Manager. The individual will effectively prioritize cases so as to meet deliverables set by management and will adeptly triage and escalate issues impacting timely completion of set goals.

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, colour, 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.

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, 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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