Lead Compliance Officer - Technology Change Management Oversight - Military Veterans

About this role:

Wells Fargo is seeking a Lead Compliance Officer to advise, monitor, and challenge the Corporate and Investment Banking (CIB) business group in managing its regulatory compliance risk. Learn more about the career areas and business divisionsat wellsfargojobs.com.

In this role, you will:

• Provide oversight and monitoring of CIB risk-based compliance programs
• Build and maintain compliance risk expertise applicable to CIB
• Lead assessment, identification and mitigation of regulatory compliance risk in technology change initiatives. Engage with Business, Change Management, Technology, and Risk stakeholders to understand business requirements and technology change initiatives, assess and advise on regulatory compliance implications, and challenge technology change implementation, including User Acceptance Testing (UAT) design and results.
• Provide Compliance coverage as Lead BACO for assigned Risk Assessable Units (RAUs) in CIB business lines. Become knowledgeable in all aspects of the compliance risk program for assigned RAUs, including risks, applicable regulations (Major Compliance Requirements), controls, Key Risk Indicators (KRIs), applicable issues and associated corrective actions, and results of testing and Audit engagements. Design and execute Compliance monitoring activities applicable to Major Compliance Evaluations (MREs). Advise and challenge the business, driving to constantly improve the RAU's compliance risk posture.
• Provide clear, concise, executive-level summaries of activities, verbally and in writing.
• Proactively engage business, Control Management, and independent risk colleagues to effectively support compliance risk management activities.
• Consult for projects and initiatives with moderate to high risk, over multiple business lines within CIB, including international regions
• Establish, implement and maintain risk standards and programs to drive compliance with federal, state, and international legal, regulatory and Corporate Policy requirements
• Oversee the Front Line's execution and challenge appropriately on compliance risk
• Advise the business on regulatory compliance matters, including regulatory change; provide direction to the business on developing corrective action plans
• 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
• 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, US:

• 5+ years of Compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Knowledge of SEC/FINRA/MSRB and CFTC/NFA regulations applicable to the regulated entities in CIB, including broker dealers, swap dealer, futures commission merchant, security-based swap dealer, and municipal products dealer
• Experience in a technology-adjacent or technology support role, such as control management or risk management for technology or technology change initiatives; experience with data validation, control design, UAT testing, or operational risk related to technology
• Highly self-motivated and self-directed
• Compliance or Business experience in regulated entities
• FINRA license (active or lapsed)
• Experience managing a regulatory program, assessing and articulating regulatory risk and influencing business and IRM partners

Job Expectations:

• 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.
• This position offers a hybrid work schedule.
• This position is not eligible for VISA sponsorship
• No relocation assistance is provided for this job.

Posting Locations:

• 550 S. Tryon Street - Charlotte, NC

Posting End Date:

6 Feb 2025
*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.