Senior Lead Compliance Officer

About this role:

Wells Fargo is seeking a Senior Lead Compliance Officer to support the business aligned compliance functions on the Fixed Income Sales & Trading Compliance Team. This role within the Fixed Income Sales & Trading Compliance Team is the Business Aligned Compliance Officer (BACO) for the Structured Products Group Sales & Trading Business. The BACO for this area needs to serve as the regulatory subject matter expert in a diverse range of regulatory requirements. Additionally, this role will provide regulatory compliance advice to the business within the Fixed Income Sales & Trading coverage and support day-to-day compliance inquiries and regulatory initiatives related to the Fixed Income Sales & Trading compliance program.

In this role, you will:

• Provide oversight and governance of a business group or manage companywide compliance programs

• 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

• Work with complex business units, rules and regulations on moderate to high risk compliance matters

• Monitor and independently challenge the reporting, escalation, and timely remediation of issues, deficiencies or regulatory matters regarding compliance risk management

• Provide direction to the business on developing corrective action plans and effectively managing regulatory change

• Develop, oversee, and provide expert business and regulatory compliance functional knowledge

• Provide regulatory compliance risk expertise and consulting for projects and initiatives with high risk over multiple business lines

• Identify and recommend opportunities for process improvement and risk control development

• Consult and engage business on developing corrective action plans and effectively managing regulatory change

• Report findings and make recommendations to management or directors and appropriate committees

• 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:

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

Desired Qualifications:

• Experience with Fixed Income, particularly Structured Products Group Sales & Trading compliance program

• The ability to understand and communicate regulatory requirements

• The ability to handle and prioritize multiple initiatives and inquires

• Strong written and verbal communication of complex issues

• Critical thinking and ability to develop and execute action plans

Job Expectations:

• Execute on compliance activities related to the Fixed Income Sales & Trading and Structured Products Group Sales & Trading Business.

• Support the day-to-day Fixed Income Sales & Trading compliance program and address inquiries related to regulatory requirements with a particular focus on Structured Products Group Sales & Trading.

• Prepare and provide management ready communications and reporting of compliance issues and activities

• Accountability for executing on compliance initiatives impacting the Fixed Income Sales & Trading Compliance Team

• 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 CFR 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.

Pay Range
 

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement

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.

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.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.