BSA/AML Consumer Lending Principal Business Accountability Specialist, Wells Fargo

Wells Fargo

Location:
United States, IRVING ▼
CHANDLER
CHARLOTTE
MINNEAPOLIS
WEST DES MOINES
WILMINGTON

Category:
Banking

Contract Type:
Employment contract

Salary:

185000.00 - 300000.00 USD / Year

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Job Description:

The BSA/AML Principal Business Accountability Specialist serves as a pivotal figure in ensuring the bank's adherence to the Bank Secrecy Act (BSA), Anti-Money Laundering (AML) standards, and OFAC sanctions regulations. This role supports all facets of financial crimes risk across consumer lending including credit card, auto, home, personal loans, retail services, and merchant services.

Job Responsibility:

Advise business leaders on BSA/AML/OFAC matters
Support business engagement in comprehensive risk assessments
Evaluate, design, and enhance risk controls
Develop and maintain robust policies, procedures, and training programs
Monitor regulatory developments and support audit and examination readiness
Provide ongoing training and establish clear escalation paths
Engage with analytics and operations teams to support risk identification and transaction monitoring
Oversee collection and continuous improvement of compliance documentation

Requirements:

10+ years of risk management, business controls, quality assurance, business operations, compliance, or process experience
Bachelor's degree in Business, Finance, Risk Management, or related discipline
5-7 years of experience in BSA/AML compliance, financial crimes risk management, or regulatory affairs within consumer lending
Comprehensive understanding of BSA/AML/OFAC regulations and industry best practices
Experience with risk assessments, control testing, and regulatory reporting
Excellent communication, analytical, and project management skills

Nice to have:

CAMS or CRCM certification
Experience with transaction monitoring systems, customer due diligence (CDD), and suspicious activity reporting (SAR)
Proven ability to navigate regulatory expectations from key agencies such as OCC, CFPB, and FinCEN
Strong track record of remediating regulatory findings and enhancing program maturity

What we offer:

Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance
Parental leave
Critical caregiving leave
Discounts and savings
Commuter benefits
Tuition reimbursement
Scholarships for dependent children
Adoption reimbursement

Additional Information:

Job Posted:
September 02, 2025

Expiration:
September 11, 2025

Employment Type:

Fulltime

Work Type:

Hybrid work

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BSA/AML Consumer Lending Principal Business Accountability Specialist