Associate Compliance Manager
Wells Fargo
About this role:
Wells Fargo is seeking a Compliance Associate Manager...
In this role, you will:
- Manage a team responsible for establishing, implementing and maintaining risk standards and programs to drive compliance with federal, state, agency, legal and regulatory and Corporate Policy requirements
- Oversee the Front Line's execution and challenges appropriately on compliance related decisions
- Manage an aspect of the companywide compliance program for a business group or functional area with low to moderate risk and complexity, or monitor specific elements of the compliance program
- Provide compliance risk and regulatory subject matter expertise for a defined set of low to moderate risk compliance program elements
- Ensure effective interaction and communication with various business lines
- Lead implementation of multiple complex initiatives with low to moderate risk
- Create or authorize changes to policies and procedures to assure regulatory conformity, promote efficiencies and compliance requirements
- Make decisions and resolve issues to meet business objectives
- Prepare or supervise the preparation of reporting for more experienced management and internal or external regulatory entities
- Collaborate and influence all levels of professionals including managers
- Lead team to achieve objectives
- Provide oversight of examinations conducted by internal and external parties
- Manage allocation of people and financial resources for Compliance
- Mentor and guide talent development of direct reports and assist in hiring talent
Required Qualifications, US:
- 2+ years of Compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 1+ years of leadership experience
Required Qualifications, International:
- Experience in Compliance, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Leadership experience
Desired Qualifications:
Strong knowledge of US banking products and commercial banking businesses and activities
- Strong knowledge of US banking laws, regulations, and rules especially lending (Fair Lending, UDAAP) and deposit-taking and “consumer” regulations and their applicability to commercial business activities
- Prior US banking/financial services experience
- Prior US bank Compliance experience
Job Expectations:
Strong knowledge of US banking products and commercial banking businesses and activities
- Strong knowledge of US banking laws, regulations, and rules especially lending (Fair Lending, UDAAP) and deposit-taking and “consumer” regulations and their applicability to commercial business activities
- Prior US banking/financial services experience
- Prior US bank Compliance experience
- Excellent analytical and risk assessment skills with a particular focus on third party outsourced arrangements
- Strong familiarity with Microsoft Suite and shared drive platforms
- Excellent administration skills with strong data organizing and file structuring capabilities
- Strong communication and collaboration skills with front line and independent risk management functions
- Strong attention to detail, ability to synthesize multiple information sources into cohesive summaries and analyses
- Monitoring Activities: Data compilation and review and initial assessment
- Third Party Risk Management: Annual refresh/repeat review assessments and pipeline/workflow management
- Program Effectiveness Assessment: Administration (e.g., meeting coordination) and artifact collection and collation
- Compliance Aggregated Risk Assessment: Administration and workbook management
- Training Needs Analysis: Administration, facilitate audience determination and spreadsheet data collection
- Regulatory Change Processing: Receive reg change data from central source (e.g., PACA Alerts), assess initial potential applicability to businesses, and track BACO’s determination of reg applicability
- Personal Account Dealing/MNPI Violations: Represent Compliance in meeting with repeat offenders, and related administration
- Business Continuity Planning: Data aggregation and annual refresh initial assessments
- Marketing & Advertising Reviews: Review for conformance to specified laws and regulations
- Policy Reviews: Administration, routine annual update reviews and noncompliance reviews
- Issues Management: Administration and assigning of all CB business line issues to US based BACO teams to assess compliance impact
- RCSA Reaffirmation: Administration including comparing year over year changes and artifact gathering and review
- Other: Supporting data gathering and assessments for ad hoc informational requests from enterprise and horizontal Compliance
We Value Diversity
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
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.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.