Wells Fargo

Job Category:



San Francisco, California


United States

Postal Code:


Approximate Salary:

Not Specified

Position Type:

Full Time


415) 820-7800

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Regulatory Compliance Consultant 4 - Documentation & Reporting

Wells Fargo - San Francisco, California

Posted: 10/11/2018

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.

Wholesale Banking provides financial solutions to businesses across the United States and globally. Our nine major business lines include Business Banking, Middle Market Banking, Government and Institutional Banking, Corporate Banking, Commercial Real Estate, Financial Institutions Group, Wells Fargo Commercial Capital, Wells Fargo Securities, and the Investment Portfolio. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses.

The Wells Fargo Investment Portfolio (IP) was formed to bring all of the firm’s investment portfolios under combined leadership. IP manages two primary portfolios: one portfolio consisting of high-quality, liquid assets and another, of investment-grade, credit-sensitive assets. In addition, IP has responsibility for the Reinsurance and Renewable Energy groups within Wells Fargo.

This position will support the Investment Portfolio (IP) Compliance Program by assisting with the design, implementation and maintenance of a comprehensive compliance program that will: (1) establish and maintain corporate governance programs; (2) support Compliance and other support group partners with the enterprise-wide enhancement of compliance structures due to new laws, regulations, Corporate and Wholesale requirements and new products; (3) assist with the enhancement and maintenance of a fully integrated and streamlined compliance program oversight process; and (4) provide subject matter expertise to Compliance and other support group partners.

The Wells Fargo Investment Portfolio is hiring an experienced Regulatory Compliance Consultant – Documentation and Reporting. Primary responsibilities will be to support the IP Compliance team, specifically:

  • Draft, edit and continuously refine IP regulatory compliance program documentation including policies, department procedures, technical documents, executive and management reporting, business requirement documents, desktop procedures and meeting minutes.
  • Design and implement a process to produce scheduled compliance reports with both qualitative and quantitative program information for multiple executive-level audiences, including front office business, Compliance stakeholders and regulators.
  • Gather information from multiple subject matter experts and synthesize into a cohesive, coherent document on short notice with tight deadlines.
  • Draft business requirement documents that thoroughly and accurately describe Compliance needs and regulatory requirements. Verify that requirements are accurately captured in functional specification documents.
  • Confidently represent the IP Compliance team in person and on calls with senior business, leaders, Wholesale and Corporate partners, auditors and regulators.
  • Identify new regulations or corporate policies, review documentation, interpret impact to IP and produce summary documentation for business, Compliance team and Wholesale groups.
  • Review and disposition regulatory alerts for applicability to IP.
  • Participate in various Wholesale communities of practice and update the IP team on topics relevant to IP.
  • Assist in coordinating Testing & Validation reviews, audits and regulatory exams

Compliance Consultant – Documentation and Reporting will support the IP Head of Compliance and assist in management objectives.

Team members 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 and if 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.

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

  • Ability to interact with all levels of an organization
  • Advanced Microsoft Office skills
  • Excellent verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy
Other Desired Qualifications
  • Experience writing policy documents and procedures for a financial institution
  • Familiarity with the Volcker Rule, Regulation W, Regulation O, Equal Credit Opportunity Act (ECOA), CFTC Regulations and the Flood Disaster Protection Act (FDPA)
  • Experience producing reports for an executive-level audience on a regular schedule and with the appropriate level of detail
  • Proven effective writing skills
  • Demonstrated organizational and project management ability
  • Able to collaborate, initiate action, challenge others, make difficult decisions, generate creative solutions, achieve results and accept challenging assignments
  • Ability to analyze and communicate the applicability of laws, rules, regulations and regulatory guidance to the platform
  • Undergraduate degree or equivalent; advanced degree a plus

  • 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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