About this role:
Wells Fargo is seeking a Senior Compliance Specialist
In this role, you will:
- Support the oversight or monitoring of a risk-based compliance program
- Provide compliance risk insight and support projects and initiatives with low to moderate risk for a business line or functional area
- Continuously monitor electronic communications including emails, instant messages, and other digital correspondences. Utilize surveillance tools and software to track and analyze communication patterns for suspicious activities
- Monitor active deals and MNPI for all covered employees
- Ensure all electronic communications comply with industry regulations, legal standards, and internal policies. - Stay updated with changes in relevant laws and regulations affecting electronic communication surveillance
- Participate in the implementation of an IT book of work associated with the team's surveillance platform
- Support the oversight or monitoring of a risk-based compliance program
- Support the reporting, escalation, and timely remediation of issues, deficiencies or regulatory matters regarding compliance risk management
- Review electronic communications which have alerted or via targeted reviews
- Work with Compliance Officers, Supervisory Principals and/or Managers to research and resolve escalated electronic communications
- Assist in further developing the monitoring of electronic communication
- Appropriately challenge the Front Line's execution of their compliance responsibilities when it comes to trading in companies on the Restricted List, issuers they may be over the wall on or their escalation of suspicions of insider trading
- Identify and recommend opportunities for process improvement and risk control development
- Establish and maintain effective relationships with various teams
- 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
- Provide oversight and monitoring of risk-based compliance programs
- Develop and oversee standards
- Provide subject matter expertise with comprehensive knowledge of business and functional area
- Provide compliance risk expertise and consulting for projects and initiatives with moderate risk for a business line or functional area
- Monitor reporting, escalation, and timely remediation of issues, deficiencies or regulatory matters regarding compliance risk management
- Provide direction to the business on developing corrective action plans and effectively managing regulatory change
- Provide compliance risk expertise
- Consult for projects and initiatives with moderate risk for a business line
- Identify and recommend opportunities for process improvement and risk control development
- Provide direction to the business on developing corrective action plans and effectively managing regulatory change
- Report findings and make recommendations to management appropriate committees
- 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 risk compliance matters
- Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements
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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
- Prior Compliance Control Group or related experience
- Prior experience as a Securities or Derivatives trader
- Prior surveillance experience
- Intermediate Microsoft Office skills
- Excellent verbal, written, and interpersonal communication skills
- Strong analytical skills with high attention to detail and accuracy
- Ability to interact with all levels of an organization
- Knowledge and understanding of regulatory compliance requirements surrounding the financial services industry
- Experience meeting high production and quality standards
- Experience resolving and working through escalated and complex issues
- BS/BA degree or higher
- FINRA registration including Series 7 (or FINRA recognized equivalents)
- Experience conducting regulatory compliance surveillance
- Knowledge and understanding of institutional banking and/or broker/dealer activities
- Experience reading, analyzing, and interpreting written communications
- Extensive experience in the review of surveillance alerts across market conduct / abuse behaviors as well as rules-based surveillance using surveillance applications (Actimize ActOne, Protegent Market Abuse, Protegent Trading Compliance and Trading Hub)
- Experience with Equity security products
- Proficient knowledge of data sets for trading in Equity products, including but not limited to quotes, orders and executions
- Knowledge of US Market Abuse or Manipulation Regulations and similar FCA MAR Behaviors
- Knowledge of SEC, FINRA market abuse rules and regulations and FCA MAR Behaviors
- Willingness to work on-site at stated location on the job opening
Posting End Date:
*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.