Compliance Consultant 5 - Investment Portfolio (2 positions)

  • Competitive
  • Charlotte, NC, États-Unis
  • CDI, Plein-temps
  • Wells Fargo US
  • 24 sept. 17

Compliance Consultant 5 - Investment Portfolio (2 positions)

Job Description
The Wells Fargo Investment Portfolio (IP) was formed to bring all of the firm's investment portfolios under combined leadership. IP manages investment grade and high yield debt securities, bank debt, and other credit investments. The group leverages Wells Fargo's credit culture and expertise to make attractive risk/return investments for the bank with an emphasis on fundamental credit analysis.

This position will support the Investment Portfolio (IP) Compliance Program by assisting with the design, implementation and maintenance of a comprehensive compliance program that will: (1) establish and maintain corporate governance programs; (2) support Compliance and other support group partners with the enterprise-wide enhancement of compliance structures due to new laws, regulations, Corporate and Wholesale requirements and new products; (3) assist with the enhancement and maintenance of a fully integrated and streamlined compliance program oversight process; and (4) provide subject matter expertise to Compliance and other support group partners.

The Wells Fargo Investment Portfolio is hiring two senior Compliance Consultants.

** All locations within the Wells Fargo footprint will be considered **

One position is to fill the legacy Compliance coverage over Principal Investments. Primary responsibility will be to provide coverage to the most complex business within IP which is comprised of several different business lines (Corporates, Structured Products, and Municipals) and a trading desk. CO will be responsible for implementation of the PI Lending Compliance program and ensuring continued compliance with existing portfolio compliance such as the Volcker Rule and Regulation W.

Daily coverage of the PI LOB and trading desk. CO will be subject matter expert and main point of contact for all regulatory Compliance matters including but not limited to the Volcker Rule, Swap Dealer, Regulation W, 12 CFR 1, Regulation O, Regulation B,FDPA, and other applicable requirements. CO will be responsible for managing the implementation of Compliance related projects in close coordination with the IP business office.

  • Lending Compliance
  • Reg B implementation
  • FDPA implementation
  • EMEA oversight
  • PI Volcker Rule, Swap Dealer, and Reg W coverage
  • Audit & Testing

CO would also support the IP Head of Compliance and assist in management objectives.

The other position is a new role to provide Compliance coverage over the Renewable Energy & Environmental Finance (REEF) and Treasury Investments (TI) trading desk. CO will be subject matter expert and main point of contact for all regulatory Compliance matters including but not limited to Bank Holding Company Act/Merchant Banking, Regulation W, Volcker Rule, Regulation O, Regulation B, and other applicable requirements. CO will be responsible for managing the implementation of Compliance related projects in close coordination with the IP business office.
  • Merchant Banking program enhancement
  • Sale Leaseback compliance enhancement
  • TI trading desk coverage
  • Reg B implementation and monitoring
  • Audit & Testing

CO would also support the IP Head of Compliance and assist in management objectives.

Team members 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 and if 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.
Required Qualifications
  • 10+ years of experience in compliance, operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk), or a combination of both; or 10+ years of IT systems security, business process management or financial services industry experience, of which 5+ years must include direct experience in compliance, operational risk management, or a combination of both

Desired Qualifications
  • Ability to interact with all levels of an organization
  • Advanced Microsoft Office skills
  • Excellent verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy

Other Desired Qualifications
  • Volcker Rule, Swap Dealer, Regulation W, 12 CFR 1, Regulation O, Regulation B, FDPA, Bank Holding Company Act/Merchant Banking
  • Drafting policy and procedures experience
  • Proven effective writing skills
  • Proven enterprise process improvement skills
  • Proven project management improvement skills
  • Experience in legal services, financial services, audit or regulatory organization
  • Ability to collaborate with others, initiate action, challenge others, make difficult decisions, generate creative solutions, achieve results and accept challenging assignments
  • Ability to analyze and communicate the applicability of laws, rules, regulations and regulatory guidance to the platform
  • Have good judgment and problem solving abilities
  • Capability to interpret new rules and determine affected areas within the firm
  • Must be organized and have the ability to engage in several projects at one time
  • Internal governance experience
  • Undergraduate degree or equivalent
  • Juris doctor degree or at least two years of compliance experience or at least two years of paralegal experience
  • Ability to analyze and communicate the applicability of laws, rules, regulations and regulatory guidance to the platform
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.