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APAC Compliance Regulatory Change Management Associate

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Job ID 68295BR

About Wells Fargo


Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 20 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Market Job Description



The APAC Compliance Regulatory Change Management Associate supports the APAC Compliance Department with executing the oversight and governance of the APAC regional regulatory change management program, including review and tracking of regulatory developments, managing the relevant governance structure for overseeing the communication and implementation of regulatory changes, assist with overseeing regulatory related projects, and support the APAC Compliance Department with furthering its objectives with respect to execution of the Compliance Program, as necessary.

Responsibilities



Support with oversight of regulatory change management (RCM) program in APAC
  • Ensure that the APAC RCM process is performed in an effective and timely manner in accordance with the relevant policy and associated procedures
  • Engage with front line, controls team, enterprise functions and Legal team for the assessment and implementation of the regulatory changes
  • Proactively monitor multiple regulatory information sources to identify new/revised regulatory developments that are applicable to Wells Fargo’s business activities in APAC, in collaboration with Legal, compliance officers, and other risk functions
  • Review and track applicable regulatory changes for completeness, accuracy and consistency and liaise with the relevant stakeholders for assessing and documenting the impact of such changes to the relevant Wells Fargo legal entities covered by the APAC region
  • Generate and communicate regulatory change alerts, and support with maintaining the system of record for monitoring, reporting and disposition of applicable regulatory changes
  • Prepare periodic reports on the recent regulatory changes and trends applicable to Wells Fargo
Regulatory development meetings management
  • Assist with managing the Regional Regulatory Development Forum meetings, including the preparation of agenda papers and trackers, co-ordinate meetings, and draft meeting minutes, ensuring all relevant recordkeeping and record retention requirements are met
  • Assist with reviewing, developing and recommending improvements on regulatory compliance policies


Compliance risk identification
  • Assist with activities relating to the regulatory source and major requirement (MR) nomination process, including review, revision and maintenance of sources, MRs and their associated risk rating and controls covered by the APAC region in the Wells Fargo internal system of record
  • Assist APAC Compliance with discharging its responsibilities with respect to relevant compliance program elements, with a focus on regulatory risk identification and regulatory change management
  • The candidate is required to provide other ad-hoc support to APAC Compliance management as directed.


Market Skills and Certifications


  • A relevant degree, with at least 5 years of experience in relevant areas such as regulatory compliance, gained from top tier bank or major consultancy/accounting firm (i.e., banking knowledge is required).
  • General knowledge of the APAC regulatory environment and how these requirements apply to a business is preferred. Some familiarity with U.S. banking, securities and bank holding company laws and regulations is an advantage.
  • The candidate must have analytical skills with experience in collecting, analyzing and synthesizing information on various subjects.
  • Strong interpersonal, communication (written and presentation) skills and organizational abilities are essential with an ability to liaise professionally and with diplomacy across all levels of team members in a clear manner.
  • A self-starter who is proactive with the ability to identify key issues, and to obtain appropriate information for further analysis.
  • Ability to quickly learn business processes, including Risk Management/Compliance policies and procedures.
  • The ability to work unsupervised and meet deadlines.
  • Strong organizational and time management skills, with the ability to manage multiple responsibilities and tasks simultaneously.
  • Stability, reliability, conscientiousness and ability to produce work of a high quality.
  • IT literate - including Microsoft Visio, Excel, Access, Word, PowerPoint and other reporting tools but also able to understand use of technology for improving the regulatory control environment.


We Value Diversity


At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.

Team members 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.
68295
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