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Counsel 4 - AML, Sanctions and Anti-Corruption

Wells Fargo | Washington DC 56901 USA | Full Time | Posted: 07/19/2019

Job Descriptiontop

Job Description

At Wells Fargo, we want to satisfy our customers’ financial needs and help them succeed financially. We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

The Law Department supports the vision, values & goals of Wells Fargo by providing expert, creative, cost-effective, and timely advice and services to all Wells Fargo businesses and support functions. We operate in accordance with the highest standards of judgment, integrity, and ethical leadership to find creative solutions that best serve our customers, prudently manage risks, and contribute to Wells Fargo’s enterprise success.

This attorney position is in the Wells Fargo Legal Department’s Enterprise Functions Division.  The successful candidate will provide legal advice and support to Wells Fargo businesses, control functions, and to management in connection with issues related to:

  • Anti-money laundering (“AML”) laws, regulations, and practice;
  • Economic and trade sanctions (“Sanctions”) laws, regulations, and practice; and
  • Anti-bribery and corruption (“ABC”) laws, regulations, and practice, including, the United States Foreign Corrupt Practices Act (“FCPA”) and the UK Bribery Act 2010

The successful candidate will have prior experience in advising global financial institutions on Sanctions, AML and ABC in the U.S. and, preferably, also in EMEA, APAC and/or LatAm; and will advise Wells Fargo businesses on such laws and regulations and how they impact the full range of business, products and financial services conducted or offered by Wells Fargo.  The successful candidate also will possess expertise and prior experience in the application of these laws to the securities industry. 

While it is not a requirement that the successful candidate should have detailed and extensive relevant knowledge and experience in all of the jurisdictions in which Wells Fargo operates, candidates should nevertheless have relevant experience of some of those jurisdictions and strong understanding and experience with the type of business, products and transactions that Wells Fargo conducts.

In addition to the above, the successful candidates will be skilled and experienced to do the following: 

  • Coordinate with internal and/or external counsel, and with Wells Fargo’s internal Sanctions, AML, and ABC legal and risk colleagues, to advise on business, product, and transactional matters
  • Provide legal support to internal counsel, business colleagues, and Financial Crimes Risk Management across all products and business lines in reviewing compliance programs and policies to ensure compliance with Sanctions, AML, and ABC laws and regulations and corporate policies
  • Review and negotiate business agreements / transaction documents to ensure that they contain adequate and appropriate AML, Sanctions, and ABC representations
  • Advise and support business, compliance, and risk leaders at all levels in governance, oversight, policy development, and implementation
  • Assist with regulatory exams and internal audits

The successful candidate should also have the following qualifications:

  • Strong knowledge of laws, regulations, and government, regulatory and industry standards and guidelines related to AML, ABC and Sanctions; knowledge of U.S. Sanctions, including those administered by the Office of Foreign Assets Control (“OFAC”); strong ability to identify and resolve issues in these areas in collaboration with other legal, risk, and compliance subject-matter experts
  • Solid experience advising and counseling various levels of management
  • Strong ability to analyze legislation and rulemaking and guide businesses in operational and practical impact and implications; represent Wells Fargo where appropriate and beneficial in industry trade groups
  • Accustomed to working with global business, operations, and risk management teams in a multinational corporate environment across diverse time zones
  • Proficient with advising risk managers and compliance managers in the above areas and supporting them in the development of practical processes that control risk and ensure compliance
  • Innovative and effective in providing stimulating, informative, and motivational education and training to managers and non-managers at all levels of the organization
  • Effective and efficient in gathering information in a fast-paced business environment, understanding business needs and goals, and working toward appropriate, practical, and timely legal solutions

This position will be located in any city with an existing Wells Fargo Law Department office.

Required Qualifications

  • 8+ years of experience as a practicing attorney; or 6+ years of experience as a practicing attorney and 2+ years of experience in one or a combination of the following areas: risk, compliance, contracts, government/regulatory, financial services, or technology
  • Active State Bar membership

Desired Qualifications

  • Extensive knowledge and understanding of research, counsel, and guidance on complex legal questions or inquiries
  • Strong attention to detail and accuracy skills
  • Excellent verbal, written, and interpersonal communication skills
  • Effective organizational, multi tasking, and prioritizing skills
  • Ability to analyze legal issues in substantive law in area of practice and provide effective advice to clients on complex legal matters
  • Ability to be flexible and adaptable to changing priorities and deadlines

Other Desired Qualifications
  • 5+ years of legal experience working in a global financial services corporate law department or law firm
  • 5+ years experience with:
    • Anti-money laundering (“AML”) laws, regulations, and practice;
    • Economic and trade sanctions (“Sanctions”) laws, regulations, and practice; and
    • Anti-bribery and corruption (“ABC”) laws, regulations, and practice, including, the United States Foreign Corrupt Practices Act (“FCPA”) and the UK Bribery Act 2010

Job Expectations

  • Ability to travel up to 5% of the time

Street Address

DC-Washington: 1750 H St Nw - Washington, DC
NY-New York: 150 E 42nd St - New York, NY
NC-Charlotte: 301 S College St - Charlotte, NC
MN-Minneapolis: 90 S 7th St - Minneapolis, MN


All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

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Location Washington, DC, 56901, United States
Categories Legal

Location Maptop

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Job Code 5497155-2

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