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Compliance Manager

Job ID 20539BR Location Bengaluru, India;
About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,500 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 273,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.



Job Description: Wells Fargo’s Regulatory Compliance and Risk Management (RCRM) group is seeking a highly motivated individual at Compliance Manager Level 1 for its third party compliance assessment team. RCRM partners with various groups and LOB risk and compliance functions to perform its oversight function effectively. This role is responsible for managing a team of Compliance Consultants with expertise in conducting assessments/reviews of enterprise third party engagements in accordance with assigned laws, rules, regulations and regulatory guidance including, and ensuring appropriate identification, reporting, escalation, and resolution of issues. These assessments are a critical new component of the enterprise third party oversight program.
Specific Job Responsibilities:
Managing Compliance team assessment activities
  • Ensuring assessments meet or exceed established regulatory requirements and expectations across multiple regulators, including the Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency, and the Federal Reserve
  • Identifying risks within third party engagements policies, procedures and training materials
  • Ensuring the accuracy and completeness of third party’s policies, procedures, and training material
  • Maintaining an awareness of Third Party oversight regulatory requirements
  • Appropriately identifying, escalating and addressing issues, when necessary
  • Providing guidance and credible challenge for assigned regulatory compliance risk management activities
  • Using Corporate Risk tools and reporting to conduct risk assessments and analysis
  • Supporting the Senior Compliance Manager in India in
    • providing oversight and guidance for LOB third party regulatory compliance risk management activities by performing consistent, enterprise-wide third party assessments of the associated activities (e.g., policies, procedures, and training materials) of third party engagements
    • effectively partnering with LOB Engagement, Relationship, and Compliance Managers to assess risks within their respective third parties’ engagements
    • assuring Enterprise Third Party Risk Management program (TPRM) compliance with applicable regulatory and internal policy requirements
    • leading cross-business initiatives to ensure successful implementation of applicable regulatory changes or other required action plans
    • building strong partnerships and collaborating effectively with TPRM, Group Third Party Officers, Corporate Risk, Law Department, LOB partners and regulatory authorities
    • proactively promoting an inclusive and collaborative work environment
    • building and continuously enhancing team knowledge and understanding of regulatory requirements impacting third parties
Minimum Requirements:
 
  • 8 - 10 overall experience with minimum 6 years experience in a financial services compliance, risk management, or audit role
  • High attention to detail and accuracy
Desired Skills:
 
  • Prior compliance, operational risk or audit experience
  • Prior experience using compliance systems experience with risk management tools
  • Working knowledge of regulatory compliance
  • Advanced degree or professional certification (CRCM)
  • Ability to develop and foster partnerships
  • Adaptable to a dynamic work environment with multiple priorities and strict timelines and able to organize for responsiveness and efficiency
  • Proven ability to work within a team environment as well as individual accountability
  • Experience working knowledge in large complex organizations
  • Extremely well organized with the ability to manage large initiatives concurrently
  • Strong analytical skills
  • Excellent written and verbal communication skills
  • Ability to work well in a team environment
  • Proficient with Microsoft Word, Access, and Excel

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