Lead Compliance Officer
Wells Fargo
About this role:
Wells Fargo is looking for a Lead Compliance Officer...
In this role, you will:
- Establish, implement and maintain risk standards and programs to drive compliance with federal, state, agency, legal and regulatory and Corporate Policy requirements
- Support the oversight or monitoring of a risk-based compliance program
- Provide support in developing and overseeing standards with some business and functional knowledge
- Provide compliance risk insight and support projects and initiatives with low to moderate risk for a business line or functional area
- Work with a business unit, a defined set of rules and regulations on low to moderate risk compliance matters
- Support the reporting, escalation, and timely remediation of issues, deficiencies or regulatory matters regarding compliance risk management
- Provide support in reporting findings and drafting recommendations to management
- Support and implement initiatives with low to moderate risk
- Interact with team to support risk oversight and monitoring
- Manage and ensure accuracy of data
- Troubleshoot system issues to determine root cause
- Research and implement new regulatory rules and manage other Registration Team related projects
- Identify and recommend opportunities for process improvement and risk control development
- Establish and maintain effective relationships with various teams
- Make decisions and resolve issues to meet business objectives
- Interpret policies, procedures, and compliance requirements
- Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
- Interact with internal customers
- Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements
Required Qualifications:
- B.Com, MBA or M.Com with 7 to 9 years of overall experience in Banking and Financial Services, of which 2+ years of experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management)
- Experience in Compliance, regulatory change management or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
- Law degree, Companies Secretary
- Excellent verbal and written communication skills
- Ability to articulate complex concepts in a clear manner
- Advanced Microsoft Office skills
- Good eye for detail and accuracy
- Project management skills
- Execution oriented, professional demeanor, self-starter behavior and able to recognize opportunities for improvement in the business and to act on those opportunities.
Job Expectations:
- Engage with regional compliance partners and support in transition and centralization of regulatory change management work
- Engage with Vendor partners to communicate regulatory change management requirements
- Support management in performing vendor analysis and ensure gaps identified if any are communicated timely and tracked to closure
- Perform quality checks on the work performed by the junior resources in the team
- Engage with Quality Assurance, Legal and Compliance teams to discuss key process updates and clarify questions
- Coach and train junior resources in the team
- Monitor process KPIs, metrics and support in timely execution of the deliverables as per the agreed quality standards and procedures
- Assist process manager in driving process efficiencies
- Assist in keeping the process procedures up to date
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.