About this role:
Wells Fargo is seeking Lead Compliance Officers in Corporate Risk as part of Corporate & Investment Banking (CIB) Compliance. As the Lead Compliance Officer, you will support the business aligned compliance functions on the Fixed Income Sales & Trading Compliance Team. Will be responsible for supporting one of the following coverage areas:
- Business Aligned Compliance Officer (BACO) for the Strategic Relationship Management Team, and Compliance subject matter expert for the Fixed Income Electronic Trading, Non-Financial Regulatory Reporting (e.g. TRACE, SDR), and 3rd party compliance programs.
- Business Aligned Compliance Officer (BACO) for the Cross-Asset Sales and Market Strategy Groups, with the Structured Products Group business.
Want more jobs like this?
Get jobs in Charlotte, NC delivered to your inbox every week.
- Serve as the regulatory subject matter expert in a diverse range of regulatory requirements
- Provide regulatory compliance advice to the business within the Fixed Income Sales & Trading coverage and support day-to-day compliance inquiries and regulatory initiatives related to the Fixed Income Sales & Trading compliance program
- Execute on compliance activities related to the Fixed Income Sales & Trading and Strategic Relationship Management Groups
- Support the day-to-day Fixed Income Sales & Trading compliance program and address inquiries related to regulatory requirements.
- Prepare and provide management ready communications and reporting of compliance issues and activities
- Be accountable for executing on compliance initiatives impacting the Fixed Income Sales & Trading Compliance Team
- Provide oversight and monitoring of business group risk-based compliance programs
- Maintain compliance risk expertise and consulting for projects and initiatives with moderate to high risk, over multiple business lines
- Establish, implement and maintain 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
- Develop, oversee, and provide independent credible challenge to standards with subject matter expertise
- Provide direction to the business on developing corrective action plans and effectively managing regulatory change
- Report findings and make recommendations to management and appropriate committees
- Identify and recommend opportunities for process improvement and risk control development
- Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements
- Monitor the reporting, escalation, and timely remediation of issues, deficiencies or regulatory matters regarding compliance risk management
- Oversee the Front Line's execution and challenges appropriately on compliance related decisions
- 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
- Work with complex business units, rules and regulations on moderate to high risk compliance matters
- Interface with Audit, Legal, external agencies, and regulatory bodies on risk related topics
- 5+ years of Compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Experience with Fixed Income
- Knowledge and understanding of FINRA and SEC rules and regulations
- Ability to provide advice and counsel to management on initiatives to improve risk management and internal controls
- Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
- Excellent verbal, written, and interpersonal communication skills, including the ability to articulate complex concepts in a clear manner across all levels of the organization
- Ability to leverage critical thinking skills while developing and executing action plans
- FINRA registration including FINRA Series 7 (or FINRA recognized equivalents)
- Ability to travel up to 5% of the time
- Willingness to work on-site at stated location on the job posting
- This position offers a hybrid work schedule
- This position is not eligible for VISA sponsorship
- This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.
30 Oct 2024
*Job posting may come down early due to volume of applicants.
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, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
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.
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.