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.
In this role, you will:
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
Required Qualifications:
5+ years of Compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
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)
Job Expectations:
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.
Posting End Date: 14 Nov 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.
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