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Compliance Sr Assoc

Company: Wells Fargo
Location: Charlotte
Posted on: February 16, 2020

Job Description:

Job Description
Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume prior to submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message.-- In order to receive text message invitations, your profile must include a mobile phone number designated as "Personal Cell" or "Cellular" in the contact information of your application.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 second line of defense function, providing company-wide leadership, standards, support, and independent oversight to ensure that all 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 Community Banking Compliance team is responsible for performing independent compliance risk management activities and oversight for Community Banking lines of business, including branch activities. The team partners with front line organizations, legal, corporate risk oversight functions as well as compliance program teams to ensure appropriate compliance program integration of laws, rules, regulations, and applicable regulatory guidance.Community Banking Compliance is seeking an experienced Compliance Senior Associate to implement and execute compliance risk management processes related to Self Assurance Activities required by Wells Fargo's Compliance Program Policy and Self Assurance Activities Policy. This Compliance Senior Associate will create, implement, and execute oversight activities of front line Self Assurance Activity programs. This Compliance Senior Associate will leverage his or her expertise of retail banking and consumer protection related laws, rules, regulations and agency guidance in the performance of these oversight and monitoring activities. Responsibilities include compliance advisory activities, monitoring/oversight, issues management, risk assessment, and credible challenge of Self Assurance Activities and other regulatory compliance oversight activities as assigned.Specific duties for this position may also include:

  • Work with the front line business control teams on the development and documentation of controls to satisfy regulatory or compliance policy requirements and mitigate risk
  • Evaluate the adequacy and effectiveness of frontline policies, procedures, processes, systems and internal controls as they relate to regulatory compliance.
  • Consult with front line businesses to develop value added root cause analysis, corrective action plans and effectively manage change to ensure regulatory compliance.
  • Ensure consistent oversight and participation in new business initiatives including risk reviews, credible challenge and recommendations
  • Work with Third Party Risk Management program teams and engagement managers in evaluating risk associated with third party outsourcing engagements and manage expectations for addressing ongoing compliance requirements and assurance or testing requirements
  • Identify training opportunities to include the design/coordination and development of the businesses compliance training materials, assignment audience, and completion monitoring of training.
  • Report findings and develop business cases to influence senior management on the need for controls to mitigate risk.
  • Ensure consistent implementation and execution of regulatory requirements and policy requirements
  • Identify and escalate emerging risks to management and risk partners as appropriate.
  • Collaborate with relevant lines of business, legal and risk partners to document concerns and propose solutions.
  • Develop and maintain effective relationships within the front line control executive teams and independent risk management partnersThe Compliance Senior Associate confers with the legal department, lines of business partners, control executive partners and compliance partners including testing and validation along with other risk partners as necessary to ensure appropriate and effective risk management activities are in place for assigned business units.

    Required Qualifications
    • 5+ years of experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) or 5+ years of financial services industry experience, of which 3+ years must include direct experience in risk management

      Other Desired Qualifications
      • An active Certified Regulatory Compliance Manager (CRCM) designation
      • 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 influence, collaborate and negotiate successfully within a matrix environment and build effective business partnerships with all levels of team members
      • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
      • Strong organizational, multi-tasking, and prioritizing skills
      • Experience with Community Banking and/or Regional Banking
      • Experience identifying and assessing regulatory compliance risk for large complex financial institutions
      • Demonstrated experience implementing compliance programs that support adherence to financial services regulations and/or prudential regulatory guidance
      • Experience communicating with financial services regulators and or internal audit
      • Ability to integrate end-to-end business process knowledge and assessment into oversight activities
      • Proven experience in all aspects of executing a new policy, process and methodology or significant enhancement of same in a significantly complex environment

        Job Expectations
        • Ability to travel up to 10% of the time

          Street Address
          NC-Charlotte: 301 S Tryon St - Charlotte, NC
          IA-Des Moines: 800 Walnut St - Des Moines, IA


          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.

Keywords: Wells Fargo, Charlotte , Compliance Sr Assoc, Other , Charlotte, North Carolina

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