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Lead Compliance Officer

  • Governance & Controls
  • Full time
  • R-372674

About this role:

Wells Fargo is seeking for a Lead Compliance Officer

In this role, you will:

  • Manage an inventory of regulatory citations for the compliance regulatory change management program element
  • Review change alerts and complete impact assessments to determine if a regulatory change affects the regulatory inventory
  • Add and revise Major Compliance Requirements (MCRs) within the compliance system of record; inclusive of when changes are triggered by regulatory change or other events
  • Partner with the Legal Department on drafting MCR summaries leveraged by partners in Compliance, the Legal Department and front-line
  • Consult with Business Aligned Compliance Officers (BACOs) when updating the regulatory inventory
  • Review third-party dashboards and reports to classify changes and assess impact
  • Maintains required fields in the compliance system of record, inclusive of the foundational components
  • Leverage compliance technology systems to perform daily tasks
  • Manage the process for aligning risk assessable units to MCRs within SHRP
  • Populate and conform citations for inclusion in the citation grid for use by Enterprise Testing and Validation
  • Provide support and guidance to Compliance Officers in regards all aspects of the regulatory change management process
  • Maintain scope documents for the Compliance teams, documenting periodic updates needed to their business rules in the regulatory change system of record and coordinating the system updates
  • Participate in audit reviews and provide concise written responses to requests
  • 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:

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

Desired Qualifications:

  • B.Com, MBA or M.Com with 10 plus years of overall experience in Banking and Financial Services, of which 5 plus years of experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management)
  • Experience in Compliance, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  • Law degree (LLB/LLM), Companies Secretary would be preferred
  • Advanced understanding of legal and regulatory information globally for laws and rules applicable to Wells Fargo businesses
  • Experience with Wells Fargo internal risk systems such as SHRP
  • Experience in analyzing laws and regulations and other compliance data
  • Experience developing improvement processes and implementation strategies
  • Experience consulting, influencing and partnering with business executives, leadership and peers
  • Strong analytical skills with high attention to detail and accuracy to ensure accuracy of risk and compliance system of record
  • Solid problem solving and relationship management skills
  • Experience communicating in both written and verbal formats with senior executive-level leaders through use of advanced Microsoft Excel and PowerPoint skills

Job Expectations:

  • Engage with regional compliance and legal partners to support in making updates the regulatory inventory
  • Engage with Vendor partners to communicate, discuss issues if any with the regulatory changes/inventory
  • Support management in performing vendor analysis and ensure gaps identified if any are communicated timely and tracked to closure
  • Perform quality checks on the work performed by the junior resources in the team
  • Engage with Quality Assurance, Legal and Compliance teams to discuss key process updates and clarify questions
  • Coach and train junior resources in the team
  • Monitor process KPIs, metrics and support in timely execution of the deliverables as per the agreed quality standards and procedures
  • Assist process manager in driving process efficiencies
  • Assist in keeping the process procedures up to date

Posting End Date: 

*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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