About this role:Wells Fargo is seeking a
Lead Compliance Officer in Independent Risk Management (IRM) to join the
Consumer, Small & Business Banking (CSBB) Compliance organization. This Lead Compliance Officer will provide regulatory compliance support for multiple lines of business within CSBB. These include
Affluent & Premier, Branch Oversight and Support, Branch Systems and Transformation, CSBB BSA/AML Transformation, National Branch Growth and Enablement, and National Branch Network. This
Business Aligned Compliance Officer (BACO) role in includes (but is not limited to) lead BACO for Risk and Control Self-Assessment (RCSA) activities, designing and overseeing monitoring efforts, material compliance reviews, frontline project risk oversight, specialized regulatory expertise, and issue management. This role will partner closely with the Control Management team as well as IRM partners and Legal. In addition, this BACO role will be responsible for establishing, implementing, and maintaining risk standards and programs to drive compliance with federal, state, agency, legal, and regulatory and/or Corporate Policy and Compliance Program Policy requirements.
In this role, you will:- Provide oversight and monitoring of business group risk-based compliance programs
- Maintain compliance risk expertise and consulting for projects and initiatives with moderate to high risk, over multiple business lines
- 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
- Develop, oversee, and provide independent credible challenge to standards with subject matter expertise
- Provide direction to the business on developing corrective action plans and effectively managing regulatory change
- Report findings and make recommendations to management and appropriate committees
- Identify and recommend opportunities for process improvement and risk control development
- Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements
- Monitor the reporting, escalation, and timely remediation of issues, deficiencies or regulatory matters regarding compliance risk management
- Oversee the Front Line's execution and challenges appropriately on compliance related decisions
- Make decisions and resolve issues to meet business objectives
- 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 to high-risk compliance matters
- Interface with Audit, Legal, external agencies, and regulatory bodies on risk related topics
Required Qualifications:- 5+ years of Compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:- A BS/BA degree or higher, Juris Doctor or paralegal experience
- Active Certified Regulatory Compliance Manager (CRCM) designation
- Knowledge and demonstrated experience applying consumer compliance laws and regulations, including UDAAP, Reg. E, FCRA, Privacy, ADA, and Truth in Savings (Regulation DD)
- Demonstrated ability to build strong partnerships with front line while effectively influencing a risk management mindset
- Experience supporting Risk and Control Self-Assessment (RCSA) work
- Solution-oriented mindset with experience developing process improvement strategies
- 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, in a complex matrixed environment
Job Expectations:- Ability to travel up to 5% of the time.
- This position offers a hybrid work schedule.
- Willingness to work onsite at stated location on the job posting.
- This position is not eligible for VISA sponsorship.
Locations:- Three Wells Fargo Center, 401 S Tryon St, CHARLOTTE, NC
- 600 Wells Fargo, Minneapolis, 600 S 4th St, MINNEAPOLIS, MN
Pay RangeReflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$111,100.00 - $197,500.00
Benefits Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
Posting End Date:23 Mar 2025
* Job posting may come down early due to volume of applicants. We Value DiversityAt 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, status as a protected veteran, or any other legally protected characteristic.
Applicants with DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol PolicyWells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment and Hiring Requirements:a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
