BSA/AML Consumer Lending Principal Business Accountability Specialist

About this role:
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. Reporting to the Head of Consumer Lending's BSA/AML Program, this role supports all facets of financial crimes risk across consumer lending including credit card, auto, home, personal loans, retail services, and merchant services.
The role acts as an advisor, strategist, and technical expert, guiding the Consumer Lending team and business units in the interpretation and application of BSA/AML/OFAC regulations. This includes providing operational insight, shaping program adherence, and leading initiatives to enhance the effectiveness and sustainability of the compliance program.
In this role, you will:

• Advise business leaders on BSA/AML/OFAC matters, ensuring operational needs are translated into effective program requirements and controls.
• Support business engagement in comprehensive risk assessments, including Enterprise-Wide and Targeted Risk Assessments, tailored to products, geographies, channels, and customer segments.
• Evaluate, design, and enhance risk controls, addressing gaps and deficiencies to strengthen the bank's risk posture.
• Develop and maintain robust policies, procedures, and training programs, ensuring alignment with evolving regulatory standards and internal expectations.
• Monitor regulatory developments and support audit and examination readiness, including crafting responses to regulatory inquiries and remediating findings.
• Provide ongoing training, establish clear escalation paths, and foster a culture of compliance across the organization.
• Engage with analytics and operations teams to support risk identification, transaction monitoring, and quality reporting.
• Oversee the collection and continuous improvement of compliance documentation and artifacts.

Required Qualifications:

• 10+ years of risk management, business controls, quality assurance, business operations, compliance, or process experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• Bachelor's degree in Business, Finance, Risk Management, or related discipline.
• At least 5-7 years of experience in BSA/AML compliance, financial crimes risk management, or regulatory affairs, preferably 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.

Desired Qualifications:

• Demonstrated success advising on BSA/AML compliance for consumer lending, including credit card, auto, home, personal loans, retail services, and merchant services.
• Proven ability to navigate regulatory expectations from key agencies such as OCC, CFPB, and FinCEN.
• Experience with transaction monitoring systems, customer due diligence (CDD), and suspicious activity reporting (SAR).
• Strong track record of remediating regulatory findings and enhancing program maturity.
• CAMS or CRCM certification preferred.

Candidate will be expected to work onsite from one of the stated locations listed in the job description on a hybrid schedule.
VISA Sponsorship will not be supported by this role.
Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$185,000.00 - $300,000.00
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• 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

Posting End Date:
11 Sep 2025
* Job posting may come down early due to volume of applicants.
We Value Equal Opportunity
Wells Fargo is an equal opportunity employer. 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.
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.
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.
Wells Fargo Recruitment and Hiring Requirements:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.