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.
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
In mid-2017, Wells Fargo began the process of centralizing compliance support for the Servicemembers Civil Relief Act Center of Excellence (SCRA COE) within one team. The intent behind this endeavor was to improve efficiency and alignment with regard to the SCRA/MLA cross-enterprise compliance function. The team provides day-to-day support for the SCRA COE and performs the Independent Risk Management function for SCRA and Military Lending Act (MLA).
Responsible for developing, implementing and monitoring risk-based compliance programs to assure compliance with federal, state, agency, legal and regulatory requirements or may provide oversight to a compliance function. Works with complex business units and provides compliance risk expertise and consulting for projects and initiatives with high risk to identify and mitigate regulatory risk in all business activities. Designs and develops compliance monitoring strategies and methodologies; evaluates the adequacy and effectiveness of policies, procedures, processes, initiatives, products and internal controls and identifies issues resulting from internal and/or external compliance examinations. Consults with business to develop corrective action plans and effectively manage change to ensure regulatory compliance. Identifies training opportunities; designs/coordinates the development of training materials; delivers or coordinates training delivery. Reports findings and recommendations to senior management. Manages and/or coordinates production of periodic compliance performance reports for senior management, including trend analysis and recommended strategies. Manages and/or coordinates site, agency or other examinations conducted by external parties. Manages project teams and may provide guidance to less experienced consultants. May directly manage 1-2 specialists/consultants.
Key responsibilities include, but are not limited to:
- Play a key role in the SCRA COE Compliance Program, providing subject matter expertise and performing compliance duties day-to-day in partnership with COE business colleagues.
- Working with complex business units and provides compliance risk expertise and consulting for projects and initiatives with high risk to identify and mitigate regulatory risk in all business activities.
- Evaluating the adequacy and effectiveness of policies, procedures, processes, initiatives, products and internal controls and identifies issues resulting from internal and/or external compliance examinations.
- Consulting with business to develop corrective action plans and effectively manage change to ensure regulatory compliance.
- Identifying training opportunities and providing subject matter expertise to the design, coordination and development of the training materials and delivery methods.
- Reporting findings and recommendations to senior management.
- Coordinating production of periodic compliance performance reports for senior management, including trend analysis and recommended strategies.
- Providing subject matter expertise and credible challenge to business lines, which may involve managing corrective actions, driving regulatory change management processes, and developing training materials
Preferred locations include Charlotte, Des Moines, Phoenix, and San Antonio. May consider other WF HUB locations or telecommuting for well-qualified candidates.
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.
- 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
- 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
- Knowledge and understanding of Shared Risk Platform (SHRP) such as reporting and issue management
- Ability to create and deliver dynamic presentations
- Ability to take initiative and work independently with minimal supervision in a structured environment
- Ability to create and improve process through strategic thinking
- Ability to manage multiple and competing priorities
- Service Members Civil Relief Act (SCRA) experience
- A BS/BA degree or higher
- Experience in design, implementation, and execution of compliance programs to ensure effective risk management
- Ability to work both independently and collaboratively as part of a team and with senior business associates and other support partners, including the ability to negotiate with numerous parties with varying opinions and positions and reach agreeable solutions
- Experience with Military Lending Act (MLA)
- Ability to provide credible challenge, while exercising sound judgment and professionalism, in order to address a broad spectrum of risk issues, including how they apply to the businesses, taking into account relevant factors, alternate solutions, as well as escalation when appropriate
- 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.