About this role:
Wells Fargo is seeking a Senior Compliance Specialist in Corporate Risk as part of Corporate and Investment Banking (CIB) Business Aligned Compliance. Learn more about the career areas and lines of business at wellsfargojobs.com. This Senior Compliance Specialist will oversee and credibly challenge the reporting, escalation and timely remediation of compliance-related issues, deficiencies, or regulatory matters with specific focus on CIB Operations.
In this role, you will:
- Serve as the Lead Business Aligned Compliance Officer (BACO) for Risk and Control Self-Assessment (RCSA) activities
- Provide input to compliance risk assessments and compliance risk reporting
- Identify, implement and execute compliance monitoring activities
- Partner with other BACOs to assess regulatory gaps, control deficiencies or other matters that impact CIB Operations
- Provide oversight and monitoring of business group risk based compliance programs
- 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
- 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
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- 4+ years of Compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Strong knowledge of FINRA, SEC, CFTC, MSRB regulations impacting the operational processes of institutional broker-dealers, swap dealers, municipal securities dealers or futures commission merchants
- FINRA registration including Series 7 or 99 (or FINRA recognized equivalents), or willingness to obtain within six months of hire date
- Strong knowledge of risks and controls, and ability to apply knowledge to RCSA activities
- Self-motivated with ability to balance multiple activities and re-prioritize as needed, often with limited supervision
- Excellent organizational skills with attention to detail
- Excellent written and verbal communication skills with the ability to communicate complex issues to multiple stakeholders
- Charlotte, NC
- This position offers a hybrid work schedule.
- Required location listed above. Relocation assistance is not available for this position.
- This position is not eligible for Visa sponsorship.
Posting End Date:
29 Sep 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.