Jim Arndts is the Financial Crimes Control Executive at Wells Fargo N.A. for Payments, Virtual Solutions and Innovation (PVSI). In this role he is responsible to manage money laundering, fraud, model risk and other related risk functions for the front line business. The team focuses on payments, treasury, deposit products, virtual channels and innovation risk management. Mr. Arndts has worked in the Financial Crimes Compliance industry for over 17 years and prior to joining Wells Fargo N.A. he lead Financial Crimes Strategy & Transformation for U.S. Bank. Prior to U.S. Bank he was the BSA Officer at Capital Bank where he led the AML and Fraud teams. He also held multiple AML positions with RBC where he was most recently the Head of the Global AML Financial Intelligence Unit, based in Toronto, ON. Prior to joining RBC in 2007, Jim worked at Bank of America where he was a Senior Risk Technology Manager and responsible to manage the AML technology program.
Jim Arndts has an MBA from the McColl Scholl of Business at Queen’s University of Charlotte and a Bachelor’s degree in Management Information Systems from Ohio University. Mr. Arndts is a Certified Anti-Money Laundering Specialist, a board member of the Carolina’s Chapter of ACAMS, participant in industry working groups and regularly speaks at financial crimes industry conferences.