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AVP- Lead Compliance Officer

About this role:

Wells Fargo is seeking a Lead Compliance Officer...

Role Type: Individual contributor

Corp Title: Assistant Vice President.

In this role, you will:

  • Provide oversight and monitoring of business group risk based compliance programs
  • Maintain compliance risk expertise and consulting for projects and initiatives with moderate to high risk, over multiple business lines
  • Establish, implement and maintain risk standards and programs to drive compliance with federal, state, agency, legal and regulatory and Corporate Policy requirements
  • Oversee the Front Line's execution and challenges appropriately on compliance related decisions
  • Develop, oversee, and provide independent credible challenge to standards with subject matter expertise
  • Provide direction to the business on developing corrective action plans and effectively managing regulatory change
  • Report findings and make recommendations to management and appropriate committees
  • Identify and recommend opportunities for process improvement and risk control development
  • Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements
  • Monitor the reporting, escalation, and timely remediation of issues, deficiencies or regulatory matters regarding compliance risk management
  • Oversee the Front Line's execution and challenges appropriately on compliance related decisions
  • Make decisions and resolve issues to meet business objectives
  • 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:
• 10+ years of BFSI Compliance experience, or equivalent in Risk Management, Controls and Regulations. Extensive experience in multiple domains of Banking Regulatory Compliance across LOBs and functions
• Seasoned Risk Management and Regulatory Compliance SME with sound understanding of regulatory landscape. Highly analytical skills and ability to breakdown regulations and assess impact.
• Ability to groom team members to develop SME skills in the Regulatory Compliance domain. Provide Advisory support to key senior stakeholders on Compliance requirements across Enterprise functions HR, Finance etc.
• Has good knowledge of applicable local regulations and ability to perform impact analysis adeptly to changes in regulations
• Effective reporting and documentation skills
• Expert stakeholder management

Desired Qualifications:
• Masters degree in corporate laws/ legal/ Regulatory Affairs. Good to have ACA/ACS or equivalent. Relevant Risk and Regulatory certifications will be an advantage
• Experience in US Banking Regulations will be an advantage.
• General knowledge of industry standards and best practices around regulatory compliance, control evaluations / testing, internal audit and risk management processes.
• Ability to credibly challenge, conduct tough conversations and effectively communicate with various levels of management, including senior leaders and executives.
• Highly developed interpersonal skills, with an ability to communicate effectively with both the line of business and technical Team Members
• Creative and strategic thinking skills, including the ability to analyze business issues and identify key risks/mitigating controls, combined with a pragmatic approach to problem solving.
• Strong analytical skills with high attention to detail and accuracy.
• Excellent verbal, written, interpersonal communication skills and stakeholder management.
• Demonstrate positive attitude and readiness to work in a challenging and dynamic environment.
• Flexibility to multi task and work across domains and business groups.

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, or status as a protected veteran.

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.

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