Compliance Consultant 5 Compliance Policy

Wells Fargo Dallas , TX 75201

Posted 2 months ago

Job Description:

At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk.

The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.

Wells Fargo Compliance is the company's compliance independent risk management function, providing company-wide leadership, standards, support, and independent oversight to ensure that all front-line business groups abide by applicable laws, rules, regulations and regulatory guidance (regulatory requirements), meet compliance responsibilities, and manage compliance risks. Wells Fargo Compliance credibly challenges management decisions, business processes and activities, and evaluates and assesses adherence to applicable regulatory requirements. It provides appropriate analysis, reporting, and escalation to senior management and the Board of Directors, sets minimum standards for the company, and gives advice, guidance, and support for compliance risk management activities across the enterprise.

The Compliance Strategy & Operations Group establishes a centralized compliance risk management function where best practices are established and leveraged throughout the Compliance organization resulting in higher quality and more consistent execution of compliance risk management activities, an end-to-end view of compliance risk across the groups, reduction of duplication, effective use of resources and a strong, fit for purpose compliance organization. The Regulatory Change, Policy Management and New Business Initiatives team within Compliance Operations and Strategy is seeking a seasoned Compliance Consultant for the Compliance Policy Team.

Primary Duties and Responsibilities:

Responsibilities include but are not limited to:

  • Contribute to oversight, direction and guidance of all activities related to compliance policy management; including, writing and editing major requirements and compliance policies to reflect changing business activities, regulatory developments and compliance risks

  • Lead and coordinate policy reviews in collaboration with subject matter experts and Corporate Policy Office; provide credible challenge and oversight of policy development processes

  • Evaluate policy exceptions, exemptions and violations related to Compliance-owned policies

  • Draft internal business procedures in coordination with appropriate partners related to Compliance's activities and responsibilities

  • Assist with evaluation of the Compliance Target Operating Model and Risk Management Framework to ensure consistency with the Compliance Program

  • Contribute to policy rationalization project(s) to evaluate and align policies to appropriate owners based on Risk TOS efforts and Policy Management Policy requirements

  • Assist with and participate in the major requirements and policy management-related Community of Practice meetings

  • Provide support of the key deliverables for policy management related to the Compliance Plan and Enterprise Annual Compliance Plan, as needed

  • Build strong partnerships and collaborate effectively across the Compliance organization, control executive teams, businesses, other independent risk management groups, Wells Fargo Audit Services, and Legal Department partners

  • Partner, support and ensure execution of other projects related to policy management and compliance initiatives across the Compliance Strategy and Operations team, including working with partners to clarify and define complex Compliance Program initiative goals, requirements, milestones, action items, and accountabilities and assist with execution across Wells Fargo Compliance.

  • Please Note: Based on the volume of applications received, this job posting may be removed prior to the indicated close date. If you do not apply prior to the closing of this posting, we encourage you to apply for other opportunities with Wells Fargo.

Required Qualifications

  • 10+ years of experience in compliance, operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk), or a combination of both; or 10+ years of IT systems security, business process management or financial services industry experience, of which 5+ years must include direct experience in compliance, operational risk management, or a combination of both

Desired Qualifications

  • Advanced 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

  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment

  • Experience consulting, influencing and partnering with business executives, leadership, human resources partners and peers

  • Ability to identify and present processes/operational enhancements

  • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important

  • Ability to think creatively to find innovative solutions to complex analytical questions

  • Ability to drive and lead organizational change in a dynamic environment

  • Strong strategic and conceptual thinking skills

  • Solid conflict management and decision making skills

  • Leadership skills including the ability to influence effectively in a matrix environment

Other Desired Qualifications

  • Understanding of regulatory structures and requirements and the ability to communicate that complexity to facilitate shared understanding across multiple stakeholders, to drive efficient and effective execution of regulatory requirements and associated compliance activities

  • Experience with governance and oversight requirements for regulatory and risk reporting

  • Ability to support credible challenge, while exercising sound judgement and professionalism, in order to address a broad spectrum of risk issues, including how they apply to the businesses

  • Ability to support and drive processes / operational enhancements

  • Provide oversight in the integration/implementation of programs with cross functional business partners, recognizing the significance of competing priorities and strategies, and adjusting as necessary

  • Ability to travel up to 20%, or as needed

  • Ability to write and develop policies

  • Prior experience working on regulatory policies

  • Fair understanding of regulations that impact financial institutions

Job Expectations

  • Ability to travel up to 20% of the time

Disclaimer

All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.


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