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Trusts and Estates Attorney in Oak Lawn, IL

Wells Fargo Sep 09,2014 Aug 20,2014 Location Oak Lawn IL
This job is expired...

In-House

Attorney

Litigation - Whistleblower - CFTC

Trusts and Estates

Min 10 yrs required

Profile

Compliance Manager 5 The candidate reports directly to the Wealth, Brokerage and Retirement (WBR) BSA Manager and also has dotted line reporting to the WFA Chief Compliance Officer. The AML Director leads all day-to-day activities of the WFA AML Program by establishing and maintaining the governing principles and standards which will protect WFA from being used to launder money, finance terrorism and other illegal activity, and to manage the regulatory and financial risks associated with unusual and fraudulent activity. The AML Director ensures that appropriate controls, resources and organizational support are in place to sustain an effective AML Program; identifies AML-related industry trends; oversees partners to ensure that Financial Advisors are appropriately trained to effect the front line of defense against money laundering activities. The AML Director builds solid relationships with key business partners to help employ and maintain an effective AML Program. The AML Director meets regularly with fellow compliance management, brokerage channel partners, corporate BSA partners, and industry groups to achieve program goals and build momentum for longer-term strategic initiatives. The AML Director is responsible for the day-to-day operation and/or governance of the AML policy implementation, mandatory AML training, the Firm’s Customer Identification Program processes, OFAC compliance program, client enhanced due diligence reviews, negative news monitoring, client account AML surveillance, suspicious activity reporting, 314(a) and 314(b) reporting, investigations of AML matters and necessary client account exits. The AML Director is also a member of the Wells Fargo BSA Committee, the WBR AML BSA Committee, the Governance Review Committee, and other Governance committees and working groups.

Qualification and Experience

A bachelor’s degree and advanced degree (MBA and/or J.D.); Series 7, 63/66, 9/10 and/or 24 and certified Anti-Money Laundering Specialist would be preferred. Should have 10+ years in compliance, operational risk, IT systems security, business process mgmt or financial services, of which at least 6 years must include direct experience in compliance or operational risk management (includes audit, legal, credit risk, market risk, or the mgmt. of a process or business with accountability for compliance or operational risk). 7+ years of management experience should have demonstrated success leading AML programs, or the equivalent (e.g. Risk Management, Regulatory Compliance and/or Internal Audit programs) for large, complex retail brokerage, and/or banking financial institutions. Should have expert knowledge and demonstrated track record of developing and implementing effective AML, Risk Management, Regulatory Compliance, and/or Internal Audit policies and programs, including leading/overseeing significant technology projects in one or more of those areas. Previous experience successfully integrating divisional AML, Risk Management, Regulatory Compliance and/or Internal Audit programs with large, complex financial institution corporate policies required. Proven experience in influencing and building relationships with fellow compliance management, business unit partners, corporate BSA partners, and industry groups required. Prior, proven experience interfacing and building relationships with financial institution auditors and regulatory authorities and proven ability to effectively manage regulatory examinations, internal audits and similar control review and testing engagements required.

Additional info

Ref: 5004213.

Company info