• Wells Fargo
  • $137,200.00 -137,200.00/year*
  • Charlotte, NC
  • Financial Services - Banking/Investment/Finance
  • Full-Time
  • 4223 David Cox Rd

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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 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.

Within Wells Fargo Asset Management ( WFAM ) Compliance, the Wells Fargo Funds Distributor ( WFFD ) Compliance team provides oversight and challenge to first line compliance activities, and executes the WFAM risk-based compliance program to assure compliance with significant regulatory requirements (i.e., FINRA, SEC, OCC, and Fed) and corporate policies.

This Team Member will work with Compliance and the Line of Business ( LOB ) Subject Matter Experts ( SME ) to implement and maintain WFFD s compliance program activities including regulatory and corporate requirements, compliance program Major Compliance and Policy Requirements ( MRs ), non-MR compliance processes and controls. The Team Member will engage with and review the LOB s compliance program activities and controls for appropriate design, operating effectiveness, accuracy and completeness. The Team Member will also provide support and interface with internal audits of the compliance program.

The Team Member will provide oversight and challenge to first line compliance activities and will execute certain activities that comprise the WFAM risk-based compliance program to assure compliance with significant regulatory requirements (i.e., FINRA, SEC, OCC, and Fed) as well as corporate policies.

The Team Member will assist the Compliance Manager in designing and developing compliance process and control activities and methodologies, and will consult with senior compliance and business management on compliance policies, procedures, and controls for the respective business/functional area.

The Team Member will also ensure identified compliance issues are escalated, addressed and validated in accordance with corporate policies. The Team Member will participate in compliance projects as needed including working with compliance and business management to facilitate the distribution and dispositioning of Major Compliance Requirements, and conducting targeted compliance reviews and projects.

Key responsibilities could include the following:

  • Maintain an understanding of WFAM s business operations and regulatory guidance/expectations.
  • Work effectively with Compliance and LOB SME s to implement and maintain WFFD s compliance program activities
  • Work with Compliance SMEs and LOB representatives, as applicable, to develop, implement and maintain MR and non-MR related compliance program controls, operational processes and oversight practices.
  • Engage with and review the LOB/front line's compliance program activities and controls for appropriate design, operating effectiveness, accuracy and completeness.
  • Provide support and interface with compliance program internal audits including both Wells Fargo Audit Services and Corporate Compliance.
  • Assist the Compliance Manager in designing and developing compliance process and control activities and methodologies.
  • Develop expertise of Wells Fargo proprietary systems as well as the Compliance Activities database.
  • Communicate, escalate, address and validate issues identified during compliance program reviews.
  • Perform other duties as assigned

Successful candidates will demonstrate the ability to apply critical thinking talents to make independent assessments, articulate recommendations, and defend conclusions.

Successful candidates will be team players that interact thoughtfully, effectively and in a collaborative manner to complete department objectives.

Locations for consideration are Charlotte, Boston, San Francisco and Menomonee Falls.

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

  • Project management experience
  • FINRA registration including Series 7 (or FINRA recognized equivalents)
  • Ability to take initiative and work independently with minimal supervision in a structured environment
  • Knowledge and understanding of mutual fund or investment industry
  • Strong collaboration and partnering skills
  • 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
  • Previous audit or compliance testing experience (i.e., FINRA 3120, 3130, SEC 206(4)-7, and SEC 38a-1) highly desired.
  • Ability to recognize and identify issues, articulate relevant factors, and evaluate & develop alternative solutions
  • 3+ years compliance experience with regulations as they pertain to a FINRA Registered Broker Dealer (FINRA 3120, 3130, etc.) strongly preferred
  • Knowledge and understanding of a FINRA registered limited purpose broker dealer
  • Knowledge and understanding of regulatory reporting: FINRA and SEC




Disclaimer


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.



* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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