Compliance Director - Saint Louis, United States - Wells Fargo

Description

Wells Fargo is seeking a Compliance Director in Corporate Risk to manage a team of compliance professionals who provide compliance support to the Municipal Products Group ("MPG").

Learn more about the career areas and business divisions at As the Compliance Director, you will lead coverage of rules issued by the Municipal Securities Rulemaking Board, as well as applicable rules and regulations issued by the Securities and Exchange Commission, Financial Institutions Regulatory Authority, Commodities Futures Trading Commission, and Office of the Comptroller of the Currency, as they relate to business activities conducted by MPG ("Applicable Rules").

• Oversee and credibly challenge the reporting, escalation and timely remediation of compliance-related issues, deficiencies, or regulatory matters involving MPG
• Oversee the development of reporting on the state of compliance in MPG
• Oversee, credibly challenge, and assess MPG with respect to managing and mitigating compliance risk and establish processes to ensure effective and timely implementation of regulatory change requirements applicable to the group
• Direct the implementation of effective compliance strategies to assess key risks in MPG and anticipate regulatory issues; and identify opportunities to simplify and drive consistency of solutions to strengthen compliance risk management
• Support effective coordination of compliance-related regulatory examinations in MPG and maintain effective relationships with all associated regulators
• Lead and actively participate as a key member and compliance representative on various MPG-based governance committees
• Foster an environment that ensures strong communication and cooperation across the three lines of defense, including business line leadership, Legal, Audit, Compliance, and other corporate stakeholders to facilitate transparency and credible challenge
• Sustain a strong risk culture that identifies and provides oversight and escalation of existing and emerging compliance issues in MPG; and ensure that escalated compliance issues receive immediate senior management attention
• Create a culture of excellence by proactively attracting, retaining and developing a team of talented and diverse compliance professionals to support the execution of the Corporate & Investment Banking (CIB) Compliance Program for MPG
• Direct and oversee complex regulatory environments including establishing standards
• Manage an aspect of the companywide compliance program relating to MPG
• Provide compliance risk and regulatory subject matter expertise for a defined set of moderate risk compliance program elements relating to the Applicable Rules
• Recommend opportunities for process improvement and risk control development
• Engage regularly with the Legal Department on current and emerging compliance risks, and interact routinely with Audit and regulators on compliance related topics, relating to MPG
• Identify reporting, escalation, timely remediation of issues and deficiencies or regulatory matters regarding compliance risk management
• Make decisions and resolve issues to meet business objectives
• Interpret policies, procedures, and compliance requirements relating to the Applicable Rules
• Interface and foster relationships with corporate, business leaders, Legal, Audit, regulators, and industry partners on risk related topics
• Collaborate and influence all levels of professionals including managers
• Lead team to achieve objectives

• 8+ years of Compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• 4+ years of Management experience

• Experience in executing compliance programs, including regulatory change management, risk identification and assessment processes, compliance issue management, new product/business review, complaint handling, compliance monitoring and reporting, compliance training
• Expert-level knowledge of the Applicable Rules including MSRB specific regulations
• In-depth compliance programs experience including experience in Bank Dealer, Broker-Dealer, and Swap Dealer activities
• Deep understanding of the ever-evolving governance and regulatory environments as well as industry and compliance risk-related best practices
• Strong analytical, critical thinking and problem-solving skills, coupled with an ability to translate ambiguous ideas or issues into well-defined plans and solutions with a track record for delivering results
• Ability to build and lead a high-performing team, ensuring proper staffing and expertise, and manage the establishment of major policies and relevant compliance programs for a major business division within a large and complex organization
• FINRA registration including one or more of the following: FINRA Series 7, FINRA Series 53 or FINRA recognized equivalents

• Ability to travel up to 20% of the time
• This position offers a hybrid work schedule
• This position is not eligible for VISA sponsorship
• This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.

Wells Fargo provides all eligible full- and part-time employees with a comprehensive set of benefits designed to protect their physical and financial health and to help them make the most of their financial future.

• 401(k) Plan
• Paid Time Off
• Parental Leave
• Critical Caregiving Leave
• Discounts and Savings
• Health Benefits
• Commuter Benefits
• Tuition Reimbursement
• Scholarships for dependent children
• Adoption Reimbursement

• Job posting may come down early due to volume of applicants.

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, status as a protected veteran, or any other legally protected characteristic.