Lead Compliance Officer - Equity Aggregation Compliance
Wells Fargo
About this role:
Wells Fargo is seeking a Lead compliance officer.
This position will be a key role to cover daily activities of Equity Aggregation Compliance (EAC) function which is responsible for monitoring and reporting Wells Fargo’s ownership of public equity to ensure compliance with Large Shareholder reporting, Takeover Panel reporting and Short Selling reporting obligations globally. In the Americas, EAC is responsible for monitoring and reporting Wells Fargo’s ownership of public equity under Section 13 and Section 16 of the Securities and Exchange Act of 1934, Section 17 of the 1940 Investment Company Act, as well as ownership of public equity that is in sensitive industries such as the Bank Holding Company Act and Hart-Scott-
In this role, you will:
- support the Americas Equity Aggregation Compliance Lead by:
- evaluating the adequacy and effectiveness of procedures and processes that are being transitioned to the equity aggregation team,
- reviewing internal controls and developing necessary corrective action plans,
- designing and coordinating the development of training materials and coordinating the delivery of the training,
- maintaining a robust monitoring and reporting program for Americas equity aggregation regulations;
- developing and maintaining relationships with LOB Compliance, LOB Legal and Control Room.
- reviewing, validating and reconciling equity positions across the Enterprise.
- managing and tracking regulatory changes.
- providing leadership by coaching, training, and mentoring teammates; and
- supporting the Global Equity Aggregation Project.
The Equity Aggregation Compliance Officer will be responsible for monitoring, reviewing and analyzing Wells Fargo and its subsidiaries’ ownership in public equities to ensure compliance with and reporting obligations in the following:
- U.S. large shareholder disclosures (Form 13F, Schedule 13D/G, Section 16)
- Canada and Latin America large shareholder disclosures
- Americas industry monitoring and reporting, including State-specific limits and reporting requirements
- U.S. poison pill reviews
- Certain 40 Act requirements, including Section 17
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:
- 5+ 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; of which 4+ years must include direct experience in compliance, operational risk management, or a combination of both
- Intermediate Microsoft Office Skills
- Excellent verbal, written, and interpersonal communication skills
- Strong analytical skills with high attention to detail and accuracy
- Ability to work and influence successfully within a matrix environment and build effective business partnerships with all levels of the organization
- Ability to take initiative and work independently with minimal supervision in a structured environment
- Ability to review policies and regulations and evaluate them against current processes
- Ability to produce high level summary analysis reports in a meaningful and understandable format
- Ability to develop, automate, and streamline monitoring reports
- Knowledge and understanding of process flow or procedure writing
Other Desired Qualifications
- Demonstrated experience of implementing compliance programs
- Knowledge and understanding of public equity product types
- Knowledge and understanding of Investment tools such as Bloomberg
- Knowledge and understanding of financial services industry: compliance or regulatory
- Microsoft Excel spreadsheets experience manipulating and analyzing data
Posting End Date:
30 Jan 2025*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.
Wells Fargo Recruitment and Hiring Requirements:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.