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Senior Compliance Specialist; Compliance Monitoring Program

Company: Wells Fargo
Location: Charlotte
Posted on: January 27, 2023

Job Description:

About this role: Wells Fargo is seeking a Senior Compliance Specialist on the Compliance Strategy, Planning & Governance Team as part of Independent Risk Management. The Senior Compliance Specialist will be an individual contributor of the Monitoring and Controls Office with primary focus on the Compliance Monitoring Program. Similar to Audit testing, the Monitoring and Controls Office will perform quality assurance (QA) of the quality of design and execution for Compliance monitoring activities, plans, processes, controls, milestones, etc. In this role, you will:

  • Supporting the management and execution of the Compliance Monitoring Program in adherence to the Independent Risk Management (IRM) Monitoring Policies and Procedures
  • Applying a consistent and repeatable process engaging with stakeholders to understand monitoring activities, plans, processes, associated controls, design custom QA scripts for that process, execute and document high-quality Quality Assurance Reviews (to include employing a sampling strategy), and report on the findings
  • Documenting all findings and communicate and defend the reason for the findings when appropriate
  • Engage and communicate with senior Compliance leaders.
  • The Monitoring and Controls Office will provide the Chief Compliance Officer a view into the quality of execution (i.e. timeliness, data quality, policy adherence, etc.) of the Compliance Monitoring Program
  • 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:
    • 4+ years of Compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education Desired Qualifications:
      • Prior risk based monitoring experience
      • Experience working with the Independent Risk Management Monitoring (IRMM) Tool
      • Experience working with the Shared Risk Platform (SHRP) or ARCHER
      • Experience reviewing testing strategies and methodologies; evaluating the adequacy and effectiveness of policies, procedures, processes, initiatives, products and internal controls; and identifying issues resulting from internal and/or external compliance examinations
      • Knowledge and understanding of Six Sigma methodology or related business process experience
      • Ability to communicate effectively, in both written and verbal formats, with senior executive-level leaders Job Expectations:
        • Willingness to work on-site at stated location on the job opening Posting Location:
          • Charlotte, NC
          • St. Louis, MO
          • Minneapolis, MN
          • West Des Moines, IA
          • Irving, TX
          • Tempe, AZ Preferred location(s) listed above. Other locations within the Wells Fargo footprint may be considered for current Wells Fargo employees. 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, age, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. 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.

Keywords: Wells Fargo, Charlotte , Senior Compliance Specialist; Compliance Monitoring Program, Other , Charlotte, North Carolina

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