About this role: Wells Fargo is seeking a Money Laundering Reporting Officer (VP) for South Korea and also support the regional Financial Crimes Risk Management AML Advisory Team. Learn more about the career areas and lines of business at wellsfargojobs.com. In this role, you will: For South Korea Ensuring compliance with Wells Fargo & Company’s Global and local FCRM-related Policies and Standards, including local and US FCRM-related regulatory requirements. Serving as the primary contact for lines of business and designated legal entities operating in South Korea for financial crime matters. Identifying, assessing and monitoring money laundering, terrorist financing and other applicable financial crimes risks ensuring that the program is comprehensive and proportionate to the nature, scale and complexity of Wells Fargo’s businesses operating in South Korea. Communicating and escalating financial crimes-related issues to the Deputy APAC Head of Financial Crimes and the APAC Head of Financial Crimes. Establishing and maintaining strong working relationships with APAC business heads, Compliance partners, legal, audit, and other FCRM Managers to effectively manage financial crimes risk. Maintaining 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 South Korea. Maintaining an awareness of emerging financial crimes trends/risk across the enterprise and region and develop strategies to apply lessons learned that proactively address this risk. Receiving, reviewing, monitoring, and submitting Suspicious Transaction Reports (STRs) to the local regulatory Financial Intelligence Unit and liaise with regulatory bodies as applicable. Preparing planning and reporting documents regarding the South Korea AML/CFT Program for senior management. Identifying and assessing training needs, and establishing, developing, delivering, and maintaining the local AML training program as appropriate. Reporting 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. Participating in the update of sanctions watchlists. Monitoring regulatory change, ensuring active identification, response and/or escalation of money laundering, terrorist financing and other applicable financial crimes-related topics, as appropriate. Participating in internal audits, as well as local and global regulatory exams. Coordinating responses to inquiries from enforcement authorities and regulators. Conducting financial crimes-related risk assessments, providing credible challenge to business and support teams as appropriate. Reporting funds for terrorist financing and financial transactions related to a counterparty subject to restrictions on financial transactions etc. to the competent investigative authority. Preparing and submitting information requested regulators periodically or ad-hoc base including KoFIU annual AML/CFT performance assessment metrics, Risk Based Approach (RBA) metrics, etc. For APAC Performing financial crimes advisory duties beyond South Korea at the direction of the Deputy APAC Head of Financial Crimes (e.g., transactions, new products and business initiatives etc.) Assisting with coordination among APAC MLROs. Assisting 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 (South Korea based). Required Qualifications: 5 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 Desired Qualifications: 8 years of AML/CFT related experience in a financial institution or combined with experience in a related government/regulatory body. BS/BA degree or higher. Knowledge and strong understanding of South Korea AML/CFT regime and international/industry practices, to include BSA, USA PATRIOT Act, OFAC, and global sanctions. Experience in managing an AML/CFT 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 Suspicious Transaction Reports. 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/audit of such programs considered a plus. Knowledge of transaction monitoring systems utilized in AML/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 (CAMS) and/or Certified Fraud Examiner (CFE) or other similar designation considered a plus. Posting End Date: 31 May 2024 *Job posting may come down early due to volume of applicants. 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, status as a protected veteran, or any other legally protected characteristic. 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