Lead Compliance Officer - Tempe, United States - Wells Fargo

Wells Fargo
Wells Fargo
Verified Company
Tempe, United States

1 month ago

Mark Lane

Posted by:

Mark Lane

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About this role:

Wells Fargo is seeking a Lead Compliance Officer in Third Party Consumer Law Oversight (TPCLO) as part of Wells Fargo Compliance.

The Lead Compliance Officer will be responsible for providing program support for Consumer Financial Law (CFL) execution.

This position will partner across independent risk management (IRM) and serve as the primary point of contact to support CFL execution as well as potential enhancements to the existing compliance review process.

As a Lead Compliance Officer, you are expected to achieve success by leading yourself, your team, and the business.

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
  • 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:

  • Experience with Third Party Compliance Risk Management Procedures.
  • Experience and knowledge of U.S. consumerbased protection laws.
  • Experience working with the Third-Party Program team and an understanding of the Consumer Financial Law and Compliance Assessment processes.
  • Ability to maintain ownership of desktop procedures and able to execute to Policy Management Expectations.
  • Experience effectively partnering and working with peer teams across Compliance and the frontline.
  • Exposure to System for Third Party Risk Management (STORM) and Wells Fargo's Shared Risk Platform (SHRP) or Veritas
  • Strong skills in coordinating across many business lines and working in an environment with multiple systems and processes.
  • Active Certified Regulatory Compliance Manager (CRCM) designation

Job Expectations:

  • This position offers a hybrid work schedule.
  • This position is not eligible for Visa sponsorship
Job posting may come down early due to volume of applicants

Posting End Date:

14 Apr 2024

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

We Value Diversity

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.

Applicants with Disabilities

Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

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