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Compliance Officer - Wholesale Banking Regulatory Compliance

Company: Wells Fargo Bank
Location: Goodyear
Posted on: January 10, 2020

Job Description:

Job Description
Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation will be sent via email. -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.Brief Group DescriptionThis is an opportunity to join the Wholesale Banking Regulatory Compliance ("WBRC") Team within the Wholesale Compliance group. The WBRC Team provides group level regulatory compliance support to the Wholesale Banking businesses. This Compliance Officer role will perform oversight of and maintain a regulatory risk management program for Federal Reserve Board Regulation K (International Operations), Regulation U (Credit for the Purchase of Margin Stock); Regulation R (Exceptions from Broker Dealer Definitions), OCC 12 CFR Part 24 Community Development Investing, and the Bank Holding Company Act (BHCA)/Regulation Y limitation on control/permissible equity holding authority including merchant banking. -This Compliance Officer role will work closely and in strong partnership with various Wholesale Banking businesses, Wells Fargo Compliance colleagues, Wholesale Control Executives, the Legal Department, and other risk disciplines to implement policies, procedures, and controls to mitigate risk. In addition, the role will provide guidance to the business in interpreting applicable regulations and providing advisory support on a transactional basis, as needed. The Compliance Officer role may also support other regulatory projects or initiatives as needed including serving as a central point of contact for one or more Wholesale Banking businesses. -Primary Duties and Responsibilities:This Compliance Officer role will work closely and in strong partnership with the business-aligned Compliance leads and the Control Executive teams to provide strategic direction, guidance, and advisory services to Wholesale Banking on various commercial regulations including the Federal Reserve Board Regulation K (International Operations), Regulation U (Credit for the Purchase of Margin Stock); Regulation R (Exceptions from Broker Dealer Definitions), OCC 12 CFR Part 24 Community Development Investing, and the Bank Holding Company Act (BHCA)/Regulation Y limitation on control/permissible equity holding authority including merchant banking and compliance-related best practices and to implement key elements of the compliance program, including establishment and implementation of policies, delivery of compliance training and awareness, and creation and escalation of metrics and reporting.Specifically, the Compliance Officer role will:

  • Oversee and credibly challenge the reporting, escalation and timely remediation of compliance-related issues, deficiencies or regulatory matters.
  • Draft, manage the implementation and ongoing maintenance of applicable policies, training and standards.
  • Perform monitoring to promote compliance with regulatory requirements.
  • Support the Compliance Manager oversee and administer the Regulatory Source Owner programs for Federal Reserve Board Regulation K (International Operations) and OCC 12 CFR Part 24 Community Development Investing pursuant to applicable Compliance Policy.
  • Sustain a strong risk culture that identifies and provides oversight and escalation of existing and emerging compliance issues across business lines, legal entities, geographies, and jurisdictions; and escalate compliance issues to senior Compliance management.Please note: Based on the volume of applications received, this job posting may be removed prior to the indicated close date. If you do not apply prior to the closing of this posting, we encourage you to apply for other opportunities with Wells Fargo.

    Required Qualifications
    • 7+ years of experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) or 7+ years of financial services industry experience, of which 5+ years must include direct experience in risk management

      Desired Qualifications
      • Knowledge and understanding of banking: regulations, compliance, policies, process, and procedures
      • Strong time management skills and ability to meet deadlines
      • Ability to execute in a fast paced, high demand, environment while balancing multiple priorities
      • Ability to articulate issues, risks, and proposed solutions to various levels of staff and management
      • Ability to develop partnerships and collaborate with other business and functional areas
      • A Juris Doctor (JD) degree
      • A Master's degree or higher
      • An active Certified Regulatory Compliance Manager (CRCM) designation

        Other Desired Qualifications
        • At least 7 years' experience with commercial/wholesale bank/division, regulatory agency, law department/firm, compliance, auditing or consulting firm
        • Experience in building/designing a control infrastructure through policies, procedures, guidance documents, and training development
        • Ability to articulate complex concepts in a clear manner
        • 7+ years of lending related financial regulations experience
        • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and
        • adaptability are important
        • Working understanding of any of the following regulatory requirements: Federal Reserve Board Regulation K (International Operations), Regulation U (Credit for the Purchase of Margin Stock); Regulation R (Exceptions from Broker Dealer Definitions), OCC 12 CFR Part 24 Community Development Investing, and the Bank Holding Company Act (BHCA)/Regulation Y limitation on control/permissible equity holding authority. -

          Job Expectations
          • Ability to travel up to 10% of the time
          • Willingness to work on-site at stated location on the job opening

            Salary Information
            The salary range displayed below is based on a Full-time 40 hour a week schedule.

            NC-Charlotte: Min: $110,600 Mid: $158,000
            NY-New York: Min: $132,700 Mid: $189,600
            NJ-Summit: Min: $132,700 Mid: $189,600
            TX-DAL-Downtown Dallas: Min: $110,600 Mid: $158,000
            IA-Des Moines: Min: $110,600 Mid: $158,000
            MN-Minneapolis: Min: $110,600 Mid: $158,000
            OR-Portland: Min: $110,600 Mid: $158,000
            TX-San Antonio: Min: $110,600 Mid: $158,000
            MO-Saint Louis: Min: $110,600 Mid: $158,000
            CO-Denver: Min: $110,600 Mid: $158,000
            AZ-PHX-Central Phoenix: Min: $110,600 Mid: $158,000
            AZ-Chandler: Min: $110,600 Mid: $158,000
            AZ-Tempe: Min: $110,600 Mid: $158,000
            NC-Raleigh: Min: $110,600 Mid: $158,000
            UT-Salt Lake City: Min: $110,600 Mid: $158,000


            Street Address
            NC-Charlotte: 550 S Tryon St - Charlotte, NC
            NY-New York: 150 E 42nd St - New York, NY
            NJ-Summit: 190 River Rd - Summit, NJ
            TX-DAL-Downtown Dallas: 1445 Ross Ave - Dallas, TX
            IA-Des Moines: 800 Walnut St - Des Moines, IA
            MN-Minneapolis: 600 S 4th St - Minneapolis, MN
            OR-Portland: 1300 Sw 5th Ave - Portland, OR
            TX-San Antonio: 4101 Wiseman Blvd - San Antonio, TX
            MO-Saint Louis: 1 N Jefferson Ave - Saint Louis, MO
            CO-Denver: 1700 Lincoln St - Denver, CO
            AZ-PHX-Central Phoenix: 100 W Washington St - Phoenix, AZ
            AZ-Chandler: 2600 S Price Rd - Chandler, AZ
            AZ-Tempe: 1150 W Washington St - Tempe, AZ
            NC-Raleigh: 1100 Corporate Center Dr - Raleigh, NC
            UT-Salt Lake City: 1095 E 2100 S - Salt Lake City, UT


            Disclaimer

            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.

Keywords: Wells Fargo Bank, Goodyear , Compliance Officer - Wholesale Banking Regulatory Compliance, Other , Goodyear, Arizona

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