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Senior Compliance Specialist - Volcker Rule and Regulation W Program

Location: Tempe
Posted on: September 21, 2022

Job Description:

About this role:

Wells Fargo is seeking a Senior Compliance Specialist that will be responsible for performing compliance risk management activities in support of the Compliance team responsible for oversight of Wells Fargo's enterprise-level Volcker and Regulation W compliance programs. This role will be responsible for assisting the team in conducting its periodic Volcker Rule and Regulation W monitoring of front line activities; reviewing trade and investment fund data and preparing various periodic management reports; coordinating the preparation of committee presentations, managing the committee meeting process, and recording minutes of such meetings; liaising with the lines of business to assist in their identification and resolution of Volcker Rule and Regulation W related issues; liaising with other second line functions (risk management, technology) to ensure Volcker Rule and Regulation W processes and their supporting tools operate effectively; coordinating and assisting in meeting audit or testing requests; and coordinating regulatory agency examination requests.

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 requirementsRequired Qualifications, US:
    • 4+ years of Compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, educationDesired Qualifications:
      • Proficiency using Excel including the ability to analyze large data files, creating summary tables, and identifying anomalies in data
      • Ability to identify enhancement opportunities in the tools used by the team and working with technology partners to implement such enhancements
      • Basic understanding of the Volcker Rule and/or Regulation W
      • Experience with respect to the oversight of trading related compliance programs (e.g. FINRA/SEC, Swap Dealer, FCM)
      • Strong investigative and problem-solving skillsJob Expectations:
        • Willingness to work on-site at stated location on the job openingWe 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, 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 minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Keywords: WELLS FARGO BANK, Tempe , Senior Compliance Specialist - Volcker Rule and Regulation W Program, Other , Tempe, Arizona

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