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Audit Director - International Head of Financial Crimes Audit (FiCAT)

Employer
WELLS FARGO BANK
Location
The City, Central London, United Kingdom
Salary
Competitive Salary
Closing date
Feb 13, 2024

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Job Role
Auditor
Sector
Finance
Contract Type
Permanent
Hours
Full Time
About this role:

Wells Fargo Internal Audit provides independent and objective assurance, designed to add value, and improve the operations of the organization, through a world-class, highly competent, and diverse team. As the third line of defence, Audit helps the company accomplish its objectives by bringing a systematic disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

We are seeking an Audit Director, International Head of Financial Crimes Audit (FiCAT) to be an integral part of the FiCAT global audit leadership group, with accountability for ownership and oversight for coverage of international jurisdictions (EMEA and APAC) and legal entities. The Director will collaborate and partner with other specialist audit teams, as appropriate, to ensure comprehensive audit coverage.

This position will serve as a leader and subject matter specialist covering the BSA/AML/Sanctions Compliance/Regulatory environment, with focus on coverage of EMEA and APAC jurisdictional requirements through global, regional, and legal entity specific audits. Specifically, this leader will lead a high performing team of approximately 15-20 audit professionals based in International and US locations.

Experience navigating matrixed organizations, interfacing with US and International regulatory stakeholders and building an effective audit approach to evaluate information and risk in this ever-changing risk environment is important. The candidate should have a demonstrated track record of leadership, including the capability to influence management, build strong trusted relationships and drive change designed to mitigate risk.

In this role, you will:
  • Maintain credible, collaborative, and influential relationships with executive management, other risk organizations, and regulatory stakeholders across International and Global locations.
  • Develop a comprehensive understanding of financial crime risk and processes leveraged to manage this risk at Wells Fargo, with focus on jurisdictional requirements in international locations.
  • Evaluate current audit approaches and audit practices. Provide thought leadership on leading industry practices and drive continued maturation and evolution of the audit function.
  • Develop and execute an annual audit plan which evaluates critical risks to Wells Fargo and applies strong, pragmatic professional judgment.
  • Communicate audit results to senior executives and use the role within Audit to influence the organization.
  • Identify thematic risk trends observed across the portfolio for purposes of influencing strategic control direction and process maturity.
  • Keep abreast of changes to regulatory requirements and emerging technologies.
  • Partner with management to identify and anticipate impact of a changing environment and effectively develop audit strategies to address significant risks.
  • Manage people, projects, and workflow across multiple geographies.
  • Develop and guide a culture of talent development to meet business objectives and strategy.
  • Represent FiCAT as a highly engaged, visible, and influential leader, including in external forums and internal regional, legal entity and subject matter governance forums.
Required Qualifications, International:
  • Significant leadership experience across Audit & Risk, in particular for the audit of Anti-Money Laundering (AML) and Financial Crime Risks.
  • Deep knowledge of AML and Financial Crime control requirements, in particular related to EMEA and APAC jurisdictions.
  • Proven experience managing multi-functional audit teams across multiple global locations and time zones.
  • Demonstrated ability to influence and collaborate with key stakeholders across senior levels in an organization.
  • Comprehensive knowledge and understanding of audit methodologies and tools that support audit processes.
  • Strong organizational, multi-tasking, and prioritizing skills
  • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability is important.
  • Proven leadership experience transforming & building highly talented individuals and teams.
  • Excellent communication skills (verbal, written and interpersonal); ability to concisely articulate complex concepts in a clear manner.
  • Strong analytical skills with high attention to detail and accuracy.
  • Significant leadership experience in Audit, Risk, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience
Education & Qualifications
  • A Bachelor of Science or Bachelor of Arts degree, or higher
  • Relevant subject matter certification/industry qualification e.g., CAMS, CIA
Job Expectations

This position is deemed to be a Certified Person function under the FCA and PRA Certification Regime. You must at all times remain fit and proper to perform your role, and this will be assessed on at least an annual basis

In addition to the responsibilities summarised in your job description, you are also required to comply at all times with the FCA/PRA Conduct Rules:
  • You must act with integrity.
  • You must act with due skill, care and diligence.
  • You must be open and cooperative with the FCA, the PRA and other regulators.
  • You must pay due regard to the interests of customers and treat them fairly.
  • You must observe proper standards of market conduct.
Posting End Date:
11 Feb 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.

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.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

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