Senior Lead Financial Crimes Officer - OFAC Sanctions

About the role

The Senior Lead Financial Crimes Officer role within Wells Fargo's Global Sanctions Office is critical to overseeing and governing the company's OFAC sanctions program. This role advises all lines of business, including investment banking, corporate banking, retail banking, and consumer lending, on customer risk, sanctions screening oversight, escalations, and other sanctions-related matters.

Responsibilities

• Act as an Economic Sanctions Subject Matter Expert to help oversee and govern Wells Fargo's OFAC sanctions program and provide accurate and thoughtful regulatory guidance to business units.
• Act as an advisor to leadership to develop or influence objectives, plans, specifications, resources, and long-term goals for highly complex business and technical needs across groups and functions.
• Implement and maintain an effective financial crimes program that complies with all applicable laws, regulations, and regulatory expectations including Bank Secrecy Act, Anti-Money Laundering, Counter-Terrorist Financing, and Global Sanctions.
• Evaluate long-term implications and consequences of strategic business decisions and recommend appropriate alternatives for risk management.
• Lead the strategy and resolution of highly complex and unique challenges requiring in-depth evaluation across multiple areas or the company.
• Deliver solutions that are long-term, large-scale, and require vision, creativity, innovation, advanced analytical thinking, and coordination of highly complex activities and guidance to others.
• Lead implementation of complex initiatives with high risk, generally spanning multiple business lines.
• Provide vision, direction, and full knowledge to leadership on implementing innovative and significant business solutions that are large scale companywide strategies.
• Lead risk evaluation and independently challenge existing fundamentals or assumptions while developing alternative approaches, models, and solutions to schemes and trends.
• Influence and negotiate with executive management, business heads, and high-level stakeholders.
• Lead initiatives and virtual teams across the organization to deliver companywide business transformations.
• Engage strategically with all levels of professionals and managers across the company.

Requirements

• 7+ years of Financial Crimes, Operational Risk, Fraud, Sanctions, Anti-Bribery, Corruption experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
• Experience working with payment ecosystems, including major payment rails, messaging, and settlement frameworks (e.g., Fedwire, CHIPS, SWIFT).
• Expert understanding in OFAC sanctions, risks, and typologies, with the ability to apply financial crime requirements to payment flows, cross-border transactions, and correspondent banking.
• 5+ years of experience working at a large multinational financial institution.
• Experience working with internal bank transaction screening, monitoring, and escalation systems and understanding how regulatory requirements are operationalized within large financial institutions.
• Demonstrated ability to review, analyze, and interpret OFAC licenses, FAQs, and Executive Orders.
• Experience in regulatory compliance related to virtual assets, including virtual currency, cryptocurrency, and associated financial crime and sanctions considerations.
• Experience leading complex initiatives that require interacting and problem solving with business leaders, legal counsel, or industry groups.
• Experience in using advanced Excel or similar software to conduct analytics.
• Demonstrated ability to apply OFAC sanctions and financial crime controls to payment flows, including cross-border transactions, correspondent banking, and screening/escalation decisions.
• Experience in conducting sanctions screening oversight, including customer/related party screening & transaction screening and the software systems used to conduct screening is strongly preferred.
• Master's degree in a relevant field or Juris Doctor (JD) strongly preferred.

Desired Qualifications

• Experience working with payment ecosystems, including major payment rails, messaging, and settlement frameworks (e.g., Fedwire, CHIPS, SWIFT).
• Expert understanding in OFAC sanctions, risks, and typologies, with the ability to apply financial crime requirements to payment flows, cross-border transactions, and correspondent banking.
• 5+ years of experience working at a large multinational financial institution.
• Experience working with internal bank transaction screening, monitoring, and escalation systems and understanding how regulatory requirements are operationalized within large financial institutions.
• Demonstrated ability to review, analyze, and interpret OFAC licenses, FAQs, and Executive Orders.
• Experience in regulatory compliance related to virtual assets, including virtual currency, cryptocurrency, and associated financial crime and sanctions considerations.
• Experience leading complex initiatives that require interacting and problem solving with business leaders, legal counsel, or industry groups.
• Experience in using advanced Excel or similar software to conduct analytics.
• Demonstrated ability to apply OFAC sanctions and financial crime controls to payment flows, including cross-border transactions, correspondent banking, and screening/escalation decisions.
• Experience in conducting sanctions screening oversight, including customer/related party screening & transaction screening and the software systems used to conduct screening is strongly preferred.
• Master's degree in a relevant field or Juris Doctor (JD) strongly preferred.

Pay

$191,000.00 - 305,000.00 USD Annually

Schedule

Hybrid work schedule

Benefits

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement