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Lead Compliance Officer, Regulatory Librarian

Wells Fargo

Wells Fargo

Multiple locations
Posted on Tuesday, June 11, 2024

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity, and inclusion in a workplace where everyone feels valued and inspired. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

About this role:

Wells Fargo is seeking a Lead Compliance Officer to join the Regulatory Change & Inventory Management (RCIM) team within Wells Fargo Compliance. Learn more about the career areas and lines of business at wellsfargojobs.com. As part of the RCIM team, the Lead Compliance Officer will lead several critical tasks required to support the development and maintenance of Wells Fargo’s regulatory inventory, as well as the management and implementation of regulatory changes.

In this role, you will:

  • Manage an inventory of regulatory citations for the compliance regulatory change management program element.

  • Review change alerts and complete impact assessments to determine if a regulatory change affects the regulatory inventory.

  • Add and revise Major Compliance Requirements (MCRs) within the compliance system of record; inclusive of when changes are triggered by regulatory change or other events.

  • Partner with the Legal Department on drafting MCR summaries leveraged by partners in Compliance, the Legal Department and front-line.

  • Consult with Business Aligned Compliance Officers (BACOs) when updating the regulatory inventory.

  • Review third-party dashboards and reports to classify changes and assess impact.

  • Maintain required fields in the compliance system of record, inclusive of the foundational components.

  • Leverage compliance technology systems to perform daily tasks.

  • Manage the process for aligning risk assessable units to MCRs within SHRP.

  • Populate and conform citations for inclusion in the citation grid for use by Enterprise Testing and Validation.

  • Provide support and guidance to Compliance Officers in regards to all aspects of the regulatory change management process.

  • Maintain scope documents for the Compliance teams, documenting periodic updates needed to their business rules in the regulatory change system of record and coordinating the system updates.

  • Participate in audit reviews and provide concise written responses to requests.

  • 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:

  • 5+ years of Compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.

Desired Qualifications:

  • Juris doctorate preferred.

  • Advanced understanding of legal and regulatory information globally for laws and rules applicable to Wells Fargo businesses.

  • 5+ years of experience in analyzing laws and regulations and other compliance data.

  • Experience developing improvement processes and implementation strategies.

  • 2+ years of experience consulting, influencing, and partnering with business executives, leadership and peers.

  • Strong analytical skills with high attention to detail and accuracy to ensure accuracy of risk and compliance system of record.

  • Solid problem solving and relationship management skills.

  • Experience communicating in both written and verbal formats with senior executive-level leaders through use of advanced Microsoft Excel and PowerPoint skills.

Job Expectations:

  • Willingness to work on-site at stated location on the job opening.

  • This position offers a hybrid work scheduled.

  • This position is not eligible for Visa sponsorship.

  • This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.

Posting Locations:

401 S Tryon Street, Charlotte, NC

250 E John Carpenter Frwy, Irving, TX

600 S 4th Street, Minneapolis, MN

800 S Jordan Creek Pkwy, West Des Moines, IA

114 N Beaumont Street, Saint Louis, MO

Job posting may come down early due to volume of applicants

Posting End Date:

15 Jun 2024

*Job posting may come down early due to volume of applicants.

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, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

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.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.