Wells Fargo

Job Category:



Charlotte, North Carolina



Approximate Salary:

Not Specified

Position Type:

Full Time


415) 820-7800

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Compliance Consultant 4 (Retirement Compliance Team)

Wells Fargo - Charlotte, North Carolina

Posted: 11/6/2018

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. We focus on three key risk areas: credit risk, operational risk and market risk. We help our management and Board of Directors identify and monitor risks that may affect multiple lines of business, and take 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 Retirement Compliance team is seeking an experienced Compliance Consultant 4 to support Retirement’s Trust Services Group lines of businesses under Wealth and Investment Management (WIM).

As an individual contributor, primary responsibilities include:

  • Providing regulatory compliance analysis, support, and consultative services to the Trust Services Group Business line
  • Participating in formal and working group business line or governance committees meetings
  • Working with the business line to ensure compliance requirements are understood and implemented
  • Providing compliance support for key business line projects and initiatives with moderate to high risk
  • Working with and supporting activities associated with audit or regulatory exams, including KPMG SSAE 16/SOC1 engagements, internal audits, and compliance examinations
  • Working with the business line on implementing corrective actions to address issue management deficiencies
  • Drafting, updating and maintaining policies and procedures to ensure business unit(s) meets and maintains compliance requirements
  • Supporting with other members of the broader Compliance Team in the design and development of compliance testing strategies and methodologies, and at times, performing targeted testing activities
  • This position may manage and/or coordinates production of periodic compliance performance reports for senior management, including trend analysis or monitoring reports
  • May also manage project teams and provide guidance to less experienced consultants

The team member is expected to work closely with all levels of management within the line of business.

Location: Minneapolis, MN is preferred, however Charlotte, NC and Fort Mill, SC will also be considered

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

  • 6+ 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 6+ years of IT systems security, business process management or financial services industry experience, of which 3+ 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 develop partnerships and collaborate with other business and functional areas
  • Virtual leadership experience with ability to effectively drive results, provide feedback/direction, and manage and build relationships with leaders and team members in a geographically dispersed team environment
  • Outstanding problem solving and decision making skills
Other Desired Qualifications
  • 6 + years related experience in Fiduciary Compliance, working with Trust Operations, and providing consultative/advisory services around regulatory compliance and operational risk matters
  • Ability to multitask and prioritize in a high volume, high paced dynamic environment with minimal supervision
  • Knowledge of Employee Retirement Income Security Act (ERISA), 12 CFR 9, and other fiduciary regulations
  • Strong presentation skills; ability to communicate effectively with both technical and non-technical business partners including executive management
  • Ability to identify issues, risk and escalate to the appropriate party
  • Strong work ethic and ability to work under tight timeframes
  • Capacity to learn new systems, applications and technologies quickly
  • Working knowledge of Institutional Retirement & Trust and Trust Operations business lines
  • Knowledge and experience with SEI Trust 3000
  • Experience with Wells Fargo’s Shared Risk Platform (SHRP) operational risk application
  • Bachelor’s degree in finance, accounting, analytics, or related areas
  • Active certification(s); Certified Securities Operations Professional (CSOP), Certified Retirement Services Professional (CRSP), or Certified Fiduciary and Investment Risk Specialist (CFIRS)
Job Expectations

  • Ability to travel up to 10% of the time

  • 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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