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Wells Fargo & Company (NYSE: WFC) is a leading global financial services company with $2.0 trillion in assets and offices in over 37 countries. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides asset management, capital raising and advisory, financing, foreign exchange, payments, risk management, and trade finance services to support customers who conduct business in the global economy. At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We also value the viewpoints of our team members and encourage them to be their best. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Learn more at our International Careers website .
Market Job Description
Main function of the job: The EMEA Financial Crimes Risk Management team ("FCRM") in London is an independent risk management (IRM) function (2 nd line) and forms part of the broader Compliance department which includes regulatory compliance and the control room. The team is dedicated to the prevention and detection of financial crimes (money laundering, terrorist financing, sanctions, bribery & corruption, the facilitation of tax evasion and fraud) across multiple wholesale and investment management lines of business in the UK, and across the wider Europe, Middle East and Africa (EMEA) region.
The primary focus of the role is to assist in the framework design and development of the EMEAIRM Fraud Program including policies, procedures, processes, models of interaction with first line Fraud programs and oversight of training within region; ensuring the implementation of applicable corporate policies;and oversight of the end-to-end applicable fist line fraud programs. (Note: In addition to these functions employees are required to carry out such other duties as may reasonably be required)
Responsible for developing, implementing and monitoring all aspects of the IRM EMEA Fraud Program to that front line fraud risk activities and compliance with regional, national, agency, legal and regulatory requirements.
Work with front line fraud programs and assigned business units and provide credible challenge, advisory input and subject matter expertise and advice on projects, risk assessments and initiatives to ensure legal and regulatory risk in all business activities is identified, assessed and mitigated.
Work with Corporate Fraud, Wholesale and International Group Partners, as well as EMEA Operational Risk, HR Corporate Security and Cyber Threat Management as required to identify, assess and mitigate risk.
Develop testing strategies and methodologies; evaluate the adequacy and effectiveness of policy, programs, procedures, processes, initiatives, products and internal controls and identify issues resulting from internal and/or external compliance examinations.
Consult with business and front line fraud programs to develop corrective action plans as required and effectively manage change to ensure regulatory compliance.
Identify training opportunities; design/coordinate the development of training materials and deliver training with particular focus on fraud risk.
Horizon scanning for key legal, regulatory or industry developments and provides newsletters/briefing materials as required; attendance at relevant industry discussion groups.
Report findings and draft recommendations to, Corporate Fraud, compliance risk and business line management.
Coordinate production of periodic reports for senior management, including trend analysis and recommended strategies and work activities to strengthen the fraud risk management programs.
Coordinate site, agency or other examinations conducted by external parties.
Working with HR, Corporate Security and Corporate Fraud as appropriate, assist in EMEA internal and external fraud related investigations as required.
Manage one FTE on a full time basis and other resources or project teams as required.
Market Skills and Certifications
Skills/Experience Required: The successful candidate will be able to demonstrate:
Prior experience in a wholesale bank or financial services firm in fraud compliance or risk management, including experience of developing policies, procedures, metrics and governance frameworks.
Good working knowledge and understanding of relevant laws and regulations as they relate to fraud and wider financial crime issues.
Demonstrated experience working in a high pressure environment, working to tight deadlines and displaying efficiency and effectiveness on a daily basis.
Strong attention to detail.
The ability to work unsupervised and the willingness to work extra hours, when required to do so.
Excellent IT skills, including Excel and PowerPoint.
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.
Internal Number: 6687004
About Wells Fargo
eFinancialCareers is a career site specializing in financial services.