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Lead Compliance Officer

About this role:

Wells Fargo is seeking a Lead Compliance Officer to support Asset-Backed Finance (ABF) and Commercial Real Estate (CRE) groups as a member of the CIB Compliance team with a focus on the lending and capital markets. The candidate will be responsible for developing, implementing and monitoring risk-based compliance programs to identify, assess and mitigate any non-compliance with federal, state or agency law. The candidate will also work with the existing business unit compliance officers and help implement an effective compliance program in accordance with the requirements of the Compliance department.


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

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 CRF 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.


Required Qualifications, US:

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

Desired Qualifications:

  • Strong research and documentation skills

  • Proven knowledge of regulatory compliance, risk management and risk standards/controls

  • Adaptable to dynamic work environment with multiple priorities and strict timelines

  • Understanding of capital markets and lending regulations

  • Ability to organize workload and prioritize for responsiveness and efficiency both individually and for the team

  • Meets deadlines and works under pressure in a fast-paced environment

  • Ability to effectively communicate through oral, written and interpersonal communication skills to all levels of the organization

  • Experience writing policies and procedures

  • Experience preparing and presenting training

  • Sound judgment: demonstrates analytical and problem-solving capabilities with the ability to prioritize and escalate issues appropriately

  • Ability to work well in a team-oriented environment

  • Knowledge of FINRA, SEC, FRB, OCC rules associated with broker dealer activity

  • Certified Regulatory Compliance Manager (CRCM), Law Degree or other advanced degree or designation

  • Understanding traditional lending regulations, including but not limited to: Regulation B, FCRA, UDAAP, SCRA, Regulation W, Regulation O, FDPA, 12CFR1, Debts Previously Contracted, FIRREA, Anti-Tying and Anti-Competitive Behavior

  • Knowledge of CFPB/consumer lending regulations


Job Expectations:

  • Ability to travel up to 5% of the time

  • Willingness to work on-site at stated location on job posting

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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