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Senior Lead Compliance Officer - Client Money & Transaction Reporting

  • Governance & Controls
  • Full time
  • R-373860

About this role:

Join our growing global bank where collaboration and empowerment are at the heart of everything we do. As a senior leader within EMEA Compliance, you'll be instrumental in guiding our regional Operations team to effectively manage compliance risks. Your expertise will be key in overseeing critical regulatory processes like Client Money (CASS), T+1 and EMIR transaction reporting (TR), and Client On-boarding (COB).

In this role, you'll take the lead in developing and maintaining processes to spot and reduce compliance risks across our diverse operations. Using your deep knowledge of key operations and regulations, you'll help ensure our compliance framework stays strong and effective, supporting our commitment to excellence.

This senior role within EMEA Compliance is to enable the EMEA regional Operations team to manage compliance risk associated with the activities they perform, and to provide subject matter expertise in providing second line oversight across the firm for the following key regulatory processes; Client money (CASS), T+1 and EMIR transaction reporting (TR) & Client On-boarding (COB).

In this role, you will:

  • Provide senior leadership in developing and maintaining processes to identify compliance risk across the broad array of operations processes, requiring an in-depth understanding of key operations processes and regulations that align to these processes.

  • Be the face of Compliance to senior leadership in Operations and other areas across the firm by representing Compliance in various governance forums, as well as through day-to-day interaction, and in doing so, build strong relationships with senior management and be identified as key risk partner.

  • Provide subject matter expertise (SME) across CASS, TR & COB, providing a comprehensive understanding of these complex regulations and how they apply to a broad array of businesses within the firm. Become a trusted partner with key stakeholders across Operations, Legal and Regulatory Affairs, as well as front line teams in the business, COO and controls teams.

  • Fulfil the SME role, and in the broader oversight of compliance risk, you will; play a senior role in maintaining regional and enterprise policies and how they apply to Operations; develop and maintain required compliance training; provide review and challenge across operations related audits, issue management and new business initiatives; play a key role in risk reviews and assessments; and to perform key monitoring activities relating to CASS, TR & COB, as well as providing senior leadership in interacting with other areas of Compliance in understanding how Operations interacts with broader business & compliance risks.

  • Play a key senior role in assessing any incidents particularly relating to CASS, TR and COB and to partner with leadership in assessing regulatory impact and risk. Assist leadership and key partners in making any necessary regulatory filings.

  • Review and challenge of operations generated risk reports, inclusive of compliance risk, as inputs into front-line management and risk and control committee decision-making. In addition, Compliance provides periodic and, as needed, ad hoc reporting to applicable management committees, and senior management regarding the overall compliance risk profile, material and emerging compliance risk, and other compliance risk measures.

Required Qualifications:

  • Experience in Compliance, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.

  • Educated to degree level ideally with auditing / legal or strong Regulatory Advisory or Regulatory Consulting background gained at a top tier wholesale bank or major consultancy firm (i.e., banking / product knowledge is required).

  • Regulatory knowledge – Extensive knowledge of regulations relating to Client money protections, T+1 and EMIR transaction reporting & Client On-boarding are essential, along with good knowledge of broader UK / EMEA regulatory environment including financial market and conduct related regulations.  Working knowledge of US requirements would also be beneficial.

  • Product knowledge –Strong knowledge of securities and derivatives and how they are executed.

  • Global Outlook - proven ability to work in global teams across multiple regions including EMEA & APAC.

  • Team working and Leadership - proven track record of working collaboratively across multiple business lines and with stakeholders and colleagues at all levels but also of taking the lead as needs dictate. An ability to motivate team members for common progress is essential.

  • IT literate – Strong understanding of Microsoft products is essential, with need to analyse data efficiently through spreadsheets or other tools and use of technology for improving the regulatory control environment.

Posting End Date: 

18 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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