Compliance Consultant 6


: $165,260.00 - $165,260.00 /year *

Employment Type

: Full-Time


: Legal

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Job Description

At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk.
The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.

Wells Fargo Compliance is the company's compliance independent risk management function, providing company-wide leadership, standards, support, and independent oversight to ensure that all front-line business groups abide by applicable laws, rules, regulations and regulatory guidance (regulatory requirements), meet compliance responsibilities, and manage compliance risks. Wells Fargo Compliance credibly challenges management decisions, business processes and activities, and evaluates and assesses adherence to applicable regulatory requirements. It provides appropriate analysis, reporting, and escalation to senior management and the Board of Directors, sets minimum standards for the company, and gives advice, guidance, and support for compliance risk management activities across the enterprise.

This position supports Asset-Backed Finance (ABF) and Commercial Real Estate Capital Markets & Finance (CRECMF) groups as a member of the CIB Compliance team, reporting to Katy Soudmand with a focus on the asset-backed lending and capital markets activity. Individual contributor responsible for providing oversight and monitoring of risk-based compliance programs designed to drive compliance with federal, state, agency, legal and regulatory and/or Corporate Policy requirements.
Oversees standards to effectively identify, assess and manage compliance risk and recognized as an industry and subject matter expert who maintains deep business and functional knowledge. Works with complex business units, rules and regulations or high risk compliance matters; provides compliance risk expertise and consulting for projects and initiatives with high risk, generally spanning multiple business lines. Responsible for overseeing the reporting, escalation, and timely remediation of issues, deficiencies or regulatory matters regarding compliance risk management.

May be involved in identifying compliance training and awareness needs or the development, delivery and administration of training and awareness content.

The candidate will work with the existing business unit compliance officers and help implement effective compliance program in accordance with the requirements of the Compliance department.

Specific duties include, but are not limited to, the following:

  • Working with the current compliance program as well as identifying and implementing additional procedures and controls, as needed, to assure compliance with regulatory requirements, enterprise and wholesale policies and procedures. Gaining a detailed understanding of bank, broker dealer and holding company regulations is imperative;
  • Develop in-depth knowledge of the products offered by ABF & CRECMF, the inherent risks of such products and the policies, procedures and controls surrounding them;
  • Update and enhance such policies, procedures and controls to meet the changing needs of the businesses;
  • Report findings and develop business cases to influence senior management on the need for controls to mitigate risk;
  • Identify training opportunities; design/coordinate the development of training materials and training delivery;
  • Assist in planning and preparation for exams and audits; prepare and gather documents to respond to regulatory inquiries;
  • Review to determine if employees are appropriately licensed;
  • Conduct compliance risk assessments and control implementation;
  • Apply critical thinking skills to make independent assessments, articulate recommendations and defend conclusions;
  • Build strong relationships and collaborate effectively with the business and other risk partners, including operational risk, legal partners, credit and market risk partners;
  • Provide regulatory advisory support to the LOB;
  • Monitor and assess regulatory changes and impacts;
  • Support implementation and maintenance of compliance surveillance programs;
  • Some travel may be required

Required Qualifications

  • 12+ years of experience in compliance, operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk), or a combination of both; or 12+ years of IT systems security, business process management or financial services industry experience, of which 6+ years must include direct experience in compliance, operational risk management, or a combination of both

Desired Qualifications

  • Advanced Microsoft Office skills
  • Excellent verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy
  • Ability to interact with all levels of an organization
  • A BS/BA degree or higher
  • A Juris Doctor (JD) degree
  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
  • Ability to work effectively in a team environment

Other Desired Qualifications
  • 12+ years of experience in business unit compliance advisory role or risk or 10+ years of experience in compliance and a law degree
  • Proven knowledge of regulatory compliance, risk management and risk standards/controls
  • Adaptable to dynamic work environment with multiple priorities and strict timelines
  • Understanding of capital markets and lending regulations
  • Ability to organize workload and prioritize for responsiveness and efficiency both individually and for the team
  • Ability to effectively communicate through oral, written and interpersonal communication skills to all levels of the organization
  • Experience writing policies and procedures
  • Experience preparing and presenting training
  • Sound judgment; demonstrates analytical and problem solving capabilities with the ability to prioritize and escalate issues appropriately
  • Demonstrated strong research and documentation skills
  • Knowledge of FINRA, SEC, FRB, OCC rules associated with broker dealer activity Certified Regulatory Compliance Manager (CRCM), Law Degree or other advanced degree or designation
  • Understanding traditional lending regulations, including but not limited to: Regulation B, FCRA, UDAAP, SCRA, Regulation W, Regulation O, FDPA, 12CFR1, Debts Previously Contracted, FIRREA, Anti-Tying and Anti-Competitive Behavior
  • Knowledge of CFPB/consumer lending regulations

Job Expectations

  • Ability to travel up to 10% of the time

Salary Information

To be determined

Street Address

NY-New York: 375 Park Ave - New York, NY


All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Associated topics: company, compliance, compliance office, corporate, corporate attorney, counsel, lawyer, legal affairs, legal department, llp * The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.

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