Senior Compliance Specialist

Job details

Job type full-time

Full job description

About this role:
Wells fargo is seeking a senior compliance specialist...
In this role, you will:

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
Provide oversight and monitoring of risk-based compliance programs
Develop and oversee standards
Provide subject matter expertise with comprehensive knowledge of business and functional area
Provide compliance risk expertise and consulting for projects and initiatives with moderate risk for a business line or functional area
Monitor 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
Provide compliance risk expertise
Consult for projects and initiatives with moderate risk for a business line
Identify and recommend opportunities for process improvement and risk control development
Provide direction to the business on developing corrective action plans and effectively managing regulatory change
Report findings and make recommendations to management appropriate committees
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 risk compliance matters
Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements

Department overview
The compliance team is responsible for establishing, implementing and maintaining risk standards and programs to drive compliance with federal, state, agency, legal and regulatory and/or corporate policy requirementsAs part of the independent risk management function, compliance oversees the front line`s execution and challenges appropriately on compliance related decisionsGlobal delivery activities (gda) compliance is a part of compliance organization and is accountable for providing independent risk management oversight for all global delivery related risk in india & philippines (i&p).
About the role : the function of this role is to provide a comprehensive and a holistic oversight/view of geographic risk while reporting the aggregated risk for i&p to operations leadership and applicable business/enterprise function leadershipCompliance officer will serve as a extension to business aligned compliance officers (baco`s) and provide oversight and governance support by engaging with the india & philippines business owners & the control teams
Responsibilities

Drive integration with compliance teams aligned to lobs to ensure adherence to line of business and enterprise standards and review any material service changes relating to the compliance requirements for the work that wfip and various in- region third parties executes on behalf of the business
Support compliance reviews of proposed delivery activities supported by i&p; this will include review of legal review and global delivery risk reviews
Implement integrated compliance risk oversight to actively discuss compliance risks and as required create reporting, escalation and various governance routines with lob and compliance teams aligned to enterprise control functions.
Quarterly aggregate reporting to various key stakeholders (international/regional head of compliance, regional risk officers and ip leadership
Supports initiatives and enterprise wide projects for the risk group, tracking of project deliverables and tasks with a high degree of understanding of highly complex processes and systems and their interdependencies, and regulatory and internal control requirements
Conducting deep dives into specific areas of focus based on risk and regulatory priorities
Conduct an ongoing operational review of the risk policies and practices, including the continuous identification and implementation of process and system improvements.
Consistently communicate the risk vision and objectives to the risk groups and provide direction and leadership as needed

Role expectations

Ablility to execute large complex initiatives in a large corporate environment, while effectively partnering with others
Overall experience of 10+ years with 8 years of relevant experience in financial services industry and / or risk & control domains covering operational risk, controls testing / evaluation, compliance, internal audit, risk management etc.
Ability to credibly challenge, conduct tough conversations and effectively communicate with various levels of management, including senior leaders and executives.
Highly developed interpersonal skills, with an ability to communicate effectively with both the line of business and technical team members
Creative and strategic thinking skills, including the ability to analyze business issues and identify key risks/mitigating controls, combined with a pragmatic approach to problem solving.
Strong analytical skills with high attention to detail and accuracy.
Excellent verbal, written, interpersonal communication skills and stakeholder management.
Demonstrate positive attitude and readiness to work in a challenging and dynamic environment.
Flexibility to multi task and work across domains and business groups.

Desired qualifications

Bachelor`s degree in corporate laws/ legal/ regulatory affairs/aca/acs or equivalentRelevant risk and regulatory certifications will be an advantage
Experience in us banking regulations will be an advantage.
General knowledge of industry standards and best practices around regulatory compliance, control evaluations / testing, internal audit and risk management processes.

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 companyThey 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 decisionsThere 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, or status as a protected veteran.
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 minoritiesAccommodation for applicants with disabilities is available upon request in connection with the recruitment process.

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Posted 30+ days ago