Deputy Head of APAC Financial Crimes Risk Management

  • Competitive
  • Hong Kong
  • Permanent, Full time
  • Wells Fargo Bank
  • 16 Apr 19

Reporting to the APAC Head of Financial Crimes Risk Management (FCRM), the Deputy Head of APAC FCRM (FCRM Manager) will be responsible for managing the APAC FCRM Governance Program and providing direct support to the Head of the APAC FCRM in leading all aspects of the APAC FCRM Program. This will include assisting the Head of APAC FCRM with responsibility and oversight for the design and execution of the FCRM programs across the APAC region.The FCRM Manager will assist the APAC Head of FCRM with coordination of financial crimes matters with internal and external parties, including Regulators, Internal Audit.

Reporting to the APAC Head of Financial Crimes Risk Management (FCRM), the Deputy Head of APAC FCRM (FCRM Manager) will be responsible for managing the APAC FCRM Governance Program and providing direct support to the Head of the APAC FCRM in leading all aspects of the APAC FCRM Program.  This will include assisting the Head of APAC FCRM with responsibility and oversight for the design and execution of the FCRM programs across the APAC region.  The FCRM Manager will assist the APAC Head of FCRM with coordination of financial crimes matters with internal and external parties, including Regulators, Internal Audit, and Compliance Testing and Validation.  The FCRM Manager will act as Hong Kong Money Laundering Compliance Officer and work with the country Money Laundering Reporting Officers to ensure that businesses operating in the region are in compliance with local regulatory guidelines and Wells Fargo corporate policies.  The FCRM Manager will work closely with the other Regional FCRM Personnel, key Corporate FCRM and Compliance staff and, as required, will perform the functions of acting Head of APAC FCRM.


Key responsibilities:  
•Assist in managing all program elements of the APAC FCRM Program to ensure the program is operating in compliance with all local jurisdictional Anti-Money Laundering (AML)/Counter Financing of Terrorism (CFT) requirements and Wells Fargo’s corporate policies and directives.   This includes the development and updating of AML Country Programs and supporting documentation.
•Support the Head of APAC FCRM in analyzing regulatory and legal developments to ensure AML/CFT Country Programs and supporting procedures are current and accurate.
•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.  This includes representing APAC FCRM on relevant legal entity governance committees in Hong Kong.  
•Support the Head of APAC FCRM in the development and implementation of effective AML and CFT processes and controls.
•Manage direct reports assigned to the APAC FCRM team.
•Assessing and identifying training needs, and establishing, developing, delivering and maintaining local AML/FC training program as appropriate.
•Support the Head of APAC FCRM to develop and manage metrics and risk reporting to be distributed and leveraged by key stakeholders.
•Managing financial crimes regulatory exams and audits as appropriate.
•As required, act as a delegate for the Head of APAC FCRM on various Risk Committees responsible for communicating and escalating financial crimes-related issues for the APAC Region.
•Provide leadership and guidance to the businesses operating in the Region regarding a variety of financial crimes issues. 
•Develop and maintain effective relationships with stakeholders across Independent Risk Management, businesses, and Internal Audit to ensure timely identification and resolution of FCRM related issues.
•Assist the appointed MLROs in the development and execution of AML Country Programs and regulatory mandated responsibilities.
•Maintain an up-to-date and informed understanding of relevant legislation and regulations and their impact on the Wells Fargo APAC Region and legal entities.
•Support the Head of FCRM APAC in coordinating corrective action plans and new initiatives.
•Act as a key contributor to FCRM related projects impacting the Region.


Minimum qualifications:
•5+ years of regulatory risk management experience, including 3+ years of FCRM experience
•BA/BS degree or higher.
•Demonstrated leadership skills and experience managing a team involved in AML/FC matters.
•Demonstrated experience managing AML/FC issues across various lines of business, jurisdictions and multiple legal entities.
•Highly developed communication skills- excellent interpersonal, communication skills with an ability to liaise professionally and with diplomacy across all levels of staff.
•Able to execute large complex initiatives in a corporate environment, while effectively partnering with others.
•Creative and strategic thinking skills, including the ability to analyze business issues and identify key risks/mitigating controls, combined with a pragmatic approach to problem solving.
•Ability to complete work within established deadlines.
•Exceptional organizational, analytical and documentation skills.
•Ability to manage many competing projects effectively for on-time delivery.
•Self-starter and able to recognize opportunities for improvement and to act on those opportunities.

Preferred skills:
•Strong understanding of APAC and specifically of Hong Kong AML/CFT regimes, and international/industry practices.
•Previous experience conducting and managing the  review of  complex financial crimes policies, procedures, risk assessment and gap analysis documents, new international product proposals and other line of business AML/Compliance documentation.  
•Previous experience managing complex AML/financial crimes projects.