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Head of Commercial Banking Compliance

  • Governance & Controls
  • Full time
  • R-374194

About this role:

At Wells Fargo, a global and award-winning bank, we are seeking an experienced professional to join our Compliance Department as the EMEA Head of Commercial Banking Compliance. This leadership role, reporting directly to the EMEA Head of Advisory Compliance, involves managing a team of Business Aligned Compliance Officers (BACOs). Your primary responsibilities will include the provision of timely and accurate regulatory compliance advice and broader Compliance support to various Commercial Banking business lines operating in EMEA. These include Capital Finance, Inventory Finance, Channel Finance, Asset Backed Lending, and Global Receivables & Trade Finance.

In this role, you will manage one direct report, with a focus on deepening the skill base of your team and raising its profile within the organization. As a senior leader in the EMEA Compliance department, you will act as a subject matter expert on relevant regulations, ensuring that compliance advice is proactively provided to the business lines under your coverage. Your ability to make critical decisions, work collaboratively, develop others, and enable high performance will be crucial in building an effective risk and control environment. By joining Wells Fargo, you will become part of a growing, globally recognized bank known for its award-winning culture.

In this role, you will:

  • Manage at least 1 direct report.
  • Operate as a senior leader in the EMEA Compliance department.
  • Be a subject matter expert (SME) of the relevant regulations applicable to the business lines under your coverage.
  • Provide and oversee the proactive provision of accurate technical regulatory compliance advice to the business lines within your coverage.
  • Proactively challenge business lines to ensure compliance risk is identified and appropriately managed.
  • Support the business in the management of Compliance risks by providing pragmatic solutions.
  • Represent Compliance at relevant governance committees and other forums as necessary by providing challenge and technical regulatory compliance advice.  
  • Be involved in and oversee the team’s involvement in business led projects, including new business initiatives.  
  • Engage regularly with the legal department and other second line risk functions on current and emerging compliance risks and interact routinely with Internal Audit on regulatory compliance matters.
  • Engage effectively with Global and International Compliance teams, providing SME advisory input including: Regulatory change management, Risk Assessments (First and Second Line), Policy and Training, Monitoring & Reporting
  • Make decisions and resolve issues, escalating as necessary.
  • Execute and support the transformation of the International Compliance function.
  • Identify and execute strategic annual compliance planned activities.
  • Alert management immediately of any material or significant risks (and potential risks).
  • Support the EMEA Head of Advisory Compliance by operating horizontally where appropriate and consider holistic risks, providing constructive solutions for the wider team.
  • Identify and recommend opportunities for process improvement and risk control developments, looking to leverage global teams where possible to avoid duplication of resources. 

Required Qualifications:

  • Experience in Compliance, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
  • Management experience
  • Strong educational background with a university degree
  • Experience in the compliance and regulatory field within financial services and extensive knowledge of Global Markets at a leading global financial services firm(s).
  • Strong understanding of the market and regulatory environment in which Wells Fargo operates.
  • Seasoned Compliance professional with matured leadership capabilities, including but not limited to: ability to make critical decisions, working collaboratively, ability to develop others, enabling high performance, building self-insight and effective risk and control environment.
  • Strong intellectual capability and flexibility, able to consider issues from multiple angles and lead debates and discussions with multiple stakeholders.
  • Able to exercise independent thought, and influence/challenge senior stakeholders, including an ability to confront conflict and difficult issues in a professional, assertive and proactive manger while remaining sensitive to business needs.
  • Good sense of judgement and absolute commitment to Wells Fargo transformation journey
  • Ability to lead projects with a focus on pace of execution and stakeholder collaboration.
  • Ability to forge relationships across multiple functions to enhance the Compliance brand.
  • Ability to deal with change and exhibit a service led mindset to support our stakeholders.
  • Ability to challenge independently and constructively.
  • Communicate effectively and confidently, orally and in writing at all levels of the organization.

Posting End Date: 

29 Jul 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.


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