Head of Deposit Product Group Compliance - PVSI Compliance Manager 5
Company: Wells Fargo
Posted on: May 19, 2019
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $1.9 trillion in assets. Wells
Fargo's vision is to satisfy our customers' financial needs and
help them succeed financially. Founded in 1852 and headquartered in
San Francisco, Wells Fargo provides banking, insurance,
investments, mortgage, and consumer and commercial finance through
more than 8,200 locations, 13,000 ATMs, the internet
(wellsfargo.com) and mobile banking, and has offices in 42
countries and territories to support customers who conduct business
in the global economy. With approximately 265,000 team members,
Wells Fargo serves one in three households in the United States.
Wells Fargo & Company was ranked No. 25 on Fortune's 2017 rankings
of America's largest corporations. News, insights and perspectives
from Wells Fargo are also available at Wells Fargo Stories .
Payments, Virtual Solutions & Innovation The PVSI group aligns and
integrates groups from across Wells Fargo to focus on the delivery
of the next generation of payments capabilities and advance our
digital and online offerings. This group also invests in research,
development and strategic partnerships dedicated to designing new
customer experiences and products. This group includes Consumer
Credit Cards and Retail Services, Deposit Products, Treasury
Management and Merchant Services, Innovation, One Wells Fargo,
Virtual Channels and Operations.
The Role This position will be accountable for establishing and
overseeing execution of the enterprise-wide compliance program
across all functional areas and platforms for the Deposit Products
Group within the overall Payments, Virtual Solutions and Innovation
line of business. Role will include compliance risk assessments,
development of an Annual Compliance Plan, initiative management,
establishment and implementation of policies and standards,
delivery of compliance training and awareness, evaluation of third
party compliance risk, compliance issue management, metrics and
reporting. She/He will provide strategic direction and guidance to
the PVSI Compliance organization regarding execution of applicable
enterprise risk and compliance programs.
She/He will possess expert knowledge of the many regulations that
impact the way Wells Fargo delivers its products and services
Primary Duties and Responsibilities
--- Direct and oversee key enterprise compliance program elements
with respect to the Deposit Products Group, including compliance
risk assessments, development of an Annual Compliance Plan,
initiative management, establishment and implementation of policies
and standards, delivery of compliance training and awareness,
evaluation of third party compliance risk, compliance issue
management, metrics and reporting.
--- Provide strategic direction and guidance to the Deposit
Products Group and its embedded controls staff regarding applicable
laws, rules, regulations, enterprise standards and
compliance-related best practices.
--- Oversee and credibly challenge the reporting, escalation and
timely remediation of compliance-related issues, deficiencies or
--- Provide reporting on the state of compliance in the Deposit
Products Group to the Head of Payments, Virtual Solutions, and
Innovation Compliance, appropriate committees and executive
--- Oversee, credibly challenge and assess the line of business
environment with respect to managing and mitigating compliance risk
and establish processes to ensure effective and timely
implementation of regulatory change requirements applicable to the
--- Direct the implementation of effective compliance strategies to
assess key risks and anticipate regulatory issues; and identify
opportunities to simplify and drive consistency of solutions to
strengthen compliance risk management.
--- Support effective coordination of compliance-related regulatory
examinations in Deposit Products Group, and build and maintain
effective relationships with all associated regulators.
--- Lead and actively participate as a key member of the Head of
Payments, Virtual Solutions, and Innovation Compliance's leadership
team and other risk management and compliance committees such as
the Compliance Risk Management Committee, and participate as a
compliance representative on various business-based governance
--- Foster an environment that ensures strong communication and
cooperation across the three lines of defense, including business
line leadership, Legal, Audit, Compliance and other corporate
stakeholders to facilitate transparency, balance and credible
--- Sustain a strong risk culture that identifies and provides
oversight and escalation of existing and emerging compliance issues
across business groups, legal entities, geographies, and
jurisdictions; and ensure that escalated compliance issues receive
immediate senior management attention.
--- Create a culture of excellence by proactively attracting,
retaining and developing a team of talented and diverse compliance
professionals to support the execution of the Deposit Products
Group compliance program.
The successful candidate will work closely with other senior
leaders across PVSI and the company in the development and
execution of company risk management strategies. Accordingly,
critical success factors will include the ability to develop
partnerships with many business and functional areas, provide
insight into the economic climate and related market developments
and identify trends which may present opportunities or reflect gaps
in the Company's risk management execution/direction.
Leadership, integrity, and credibility will be determining factors
in selection. Successful candidates will be articulate and possess
a demonstrated leadership capability; they will be impressive in
their inter-personal effectiveness and with regard to their
accomplishments. It requires a leader with strong relationship
management, influencing, vision and execution skills. A key
differentiator will be the ability to understand and operate
successfully in a complex, heavily matrixed corporate environment.
The role requires a sense of urgency, passion for results, and
personal accountability for achievement.
- 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 6+ years must
include direct experience in compliance, operational risk
management, or a combination of both
- 7+ years of management experience Desired Qualifications
- Ability to articulate complex concepts in a clear manner
- Advanced Microsoft Office skills
- Excellent verbal, written, and interpersonal communication
- Strong analytical skills with high attention to detail and
accuracy Other Desired Qualifications
- Extensive experience designing and executing enterprise
compliance programs, including regulatory change management, risk
identification and assessment processes, compliance issue
management, new product/business review, complaint handling,
compliance monitoring and reporting, compliance training.
- Expert-level knowledge of all applicable deposit
product-related banking laws including but not limited to
Regulation E, Reg CC, Reg D, Reg DD, UDAAP, Regulation P, GLBA,
applicable FDIC regulations and associated compliance
- Deep experience in the financial services industry with
specific expertise working with large depository institutions.
- Deep understanding of the ever-evolving governance and
regulatory environments as well as industry and compliance
risk-related best practices.
- Organizational courage and willingness to make tough, informed
decisions and thoughtfully share independent perspectives.
- Strong analytical, critical thinking and problem-solving
skills, coupled with an ability to translate ambiguous ideas/issues
into well-defined plans/solutions with a track-record for
- Effective communicator, both orally and in writing, able to ask
well-crafted questions and present ideas in a clear and compelling
manner, good listener who engenders creative thinking and
- An ability to develop and articulate sound proposals to key
stakeholders, and an ability to influence and drive timely decision
- Proven ability to cultivate relationships and collaborate with
multiple stakeholders and constituencies, including business
leaders, legal, audit and multiple U.S. and non-U.S.
- Proven experience establishing a large-scale vision, developing
the strategy to support the vision, gaining consensus across key
functional leadership areas through effective communication and
successful delivery against goals and objectives.
- Experience driving large-scale organizational change.
- Proven ability to build and lead high-performing teams,
ensuring proper staffing and expertise, and manage the
establishment of major policies and relevant compliance programs
across major business divisions within a large and complex
- Ethical integrity and proven ability to serve as a role model
by reinforcing and demonstrating to your team members the core
values and behavioral expectations contained in Wells Fargo's
Vision, Values & Goals.
- Advanced Degree preferred (Masters, MBA..... click apply for
full job details
Keywords: Wells Fargo, Charlotte , Head of Deposit Product Group Compliance - PVSI Compliance Manager 5, Accounting, Auditing , Charlotte, North Carolina
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