Wells Fargo SDI Digital Senior Compliance Officer in New York, New York
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At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
As the company's second line of defense, Corporate Risk — or Independent Risk Management — provides independent oversight of risk-taking activities. Independent Risk Management establishes and maintains Wells Fargo's risk management program and provides oversight, including challenges to and independent assessment of, the frontline's execution of its risk management responsibilities. We manage risk according to the Risk Management Framework and ensure all employees understand their individual accountability for managing risk.
Wells Fargo Compliance is the company's independent compliance 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.
Strategy, Digital and Innovation (SDI) Compliance provides independent compliance risk management support and oversight to SDI business to identify and effectively manage compliance risks and implements Compliance Program Policy requirements.
SDI Digital Sr Compliance Officer will provide independent compliance risk management oversight and support to SDI Digital Platform-Customer Experience Design team, including regulatory compliance, issue identification and escalation, monitoring and oversight of business processes, compliance controls and policy adherence, provide risk based project support and perform independent compliance assessments such as Compliance Aggregated Risk Assessment and Compliance Program Policy Effectiveness Assessments, lead Policy impact/gap assessment reviews/challenges, coordinate agile project risk based Compliance coverage planning and perform Compliance assessments and monitoring.
This is an exciting time in Wells Fargo Compliance as we enhance the Compliance Program and Risk Framework across Wells Fargo. SDI Compliance team works closely with our front-line business and control partners to drive implementation of the Wells Fargo Compliance Program; and oversees Front Line's execution and challenges appropriately on compliance related decisions.
The Sr Compliance officer will develop, execute and/or improve elements of the Compliance Program Policy including:
Risk Identification and Assessment
Regulatory Change Management
Policies, Procedures, and Related Controls
Compliance Monitoring, Testing, and Self Assurance
Compliance Learning and Development
New Business Initiatives
Business Process Management
Third-Party Compliance Risk Management
Compliance Issue Management and Escalation
Compliance Program Effectiveness Execution
Compliance Engagement in Change, Incident and Issue Program Oversight
Primary Duties and Responsibilities:
Provides oversight and monitoring of SDI Innovation and R&D organization compliance programs
Provides advice that protects the Bank's reputation and mitigates regulatory risk.
Develops and provides independent credible challenge to front line decisions or implementation of Compliance program policy requirements.
Provides risk based project coverage for Innovation initiatives with high compliance risk
Monitors and independently credibly challenges the reporting, escalation, and timely remediation of issues, deficiencies or regulatory matters regarding compliance risk management.
Provides guidance to SDI Innovation and R&D business on developing corrective action plans and effectively managing regulatory change. Reports findings and makes recommendations to senior management and to appropriate committees.
Assesses Third Party risks and challenges and approves Third Party risk assessments in TRIMS
May lead project/virtual teams and may mentor but does not manage other team members.
Engage in Business Process Management activities to provide Compliance review and challenge oversight
Collaborates with Control teams, Operational Risk Business Oversight and Legal partners for oversight of risk management.
- 10+ 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 10+ years of financial services industry experience, of which 7+ years must include direct experience in risk management
Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
Excellent verbal, written, and interpersonal communication skills
Strong analytical skills with high attention to detail and accuracy
Experience communicating and presenting complex information to multiple levels of the organization
Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
Knowledge and understanding of Shared Risk Platform (SHRP) such as reporting and issue management
Ability to be flexible and adjust plans quickly to meet changing business needs
Experience with risk assessment methodology
Other Desired Qualifications
Experience with the interpretation of laws, rulings and regulations impacting Strategy, Digital and Innovation team including (but not limited to) FFIEC guidance on authentication, eSign, TCPA, Reg E, Reg P, Reg Z, FCRA, OCC guidance; subject matter expertise in one or more of these regulations is preferred
Experience providing advice that protects the Bank's reputation and mitigates regulatory risk.
Experience in providing, overseeing and monitoring of risk-based compliance programs.
Experience in performing monitoring, escalation, and timely remediation of issues, deficiencies or regulatory matters regarding compliance risk management.
Experience in thinking critically, in prioritizing, in working effectively and independently in a fast-paced, changing environment
Experience in building and maintaining relationships, experience in collaborating with and providing credible challenge to business and risk management partnersExperience in Digital Banking
NC-Charlotte: 301 S College St - Charlotte, NC
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MO-Saint Louis: 1 N Jefferson Ave - Saint Louis, MO
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.
Visit https://www.wellsfargo.com/about/careers/benefits for benefits information.
Company: Wells Fargo
Req Number: 5571485-7
Updated: 2021-04-13 03:35:46.701 UTC
Location: New York,NY
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