Compliance Sr Assoc

Company: Wells Fargo
Location: Raleigh
Posted on: February 16, 2020

Job Description:

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as Personal Cell or Cellular in the contact information of your application.At Wells Fargo, we want to satisfy our customers financial needs and help them succeed financially. Were looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where youll feel valued and inspired to contribute your unique skills and experience.Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

• Corporate Risk* helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk.The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.This position will support the consumer lending product, origination and servicing functions within Private Wealth Management and Wealth Client Solutions. Responsible for developing, implementing and monitoring risk standards and programs to drive compliance with federal, state, agency, legal and regulatory and Corporate Policy requirements. Work with assigned business units and provide compliance risk expertise and consulting for projects and initiatives to identify and mitigate regulatory risk in all business activities. This position will also liaison with other Wells Fargo businesses that offer consumer lending products such as Home Lending and Wells Fargo Advisors.Other responsibilities include but are not limited to:
  • Provide ongoing oversight of Shared Risk Platform (SHRP) Business Profile and Major Requirement Evaluations to ensure accurate representation of the regulatory requirements.
  • Manage and/or coordinate production of periodic compliance performance reports for senior management, including but not limited to Bi-Weekly Update Reports, Remediation Tracking, and reporting of various aspects of SHRP Business Profile Management.
  • Act as a trusted advisor to the business, provide oversight and monitoring of risk-based compliance programs, and have working knowledge of consumer-based lending regulations, including but not limited to, MLA, SCRA, FCRA, Reg. B, and UDAAP.
  • Provide direction to the business on developing corrective action plans and effectively managing regulatory and policy change, along with oversight and monitoring of corrective actions, validation processes, timely remediation of issues, and self-assurance activities.
  • Consult on the design and implementation of risk mitigation strategies and controls.
  • Support audits, examinations, and assessments.
  • Partner with Testing and Validation teams on the interpretation and analytics of compliance testing results and coordinate communication of the results to business operations.Please note: Based on the volume of applications received, this job posting may be removed prior to the indicated close date. If you do not apply prior to the closing of this posting, we encourage you to apply for other opportunities with Wells Fargo.Required Qualifications:
    • 5+ 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 5+ years of financial services industry experience, of which 3+ years must include direct experience in risk management
    • A BS/BA degree or higher
    • 2+ years of consumer banking experience
    • 2+ years of Consumer Protection regulations experienceDesired Qualifications:
      • An active Certified Regulatory Compliance Manager (CRCM) designation
      • 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
      • Advanced Microsoft Office skills
      • Knowledge and understanding of Shared Risk Platform (SHRP) such as reporting and issue management
      • Ability to travel up to 10% of the time
      • Willingness to work on-site at stated location on the job openingJob Expectations:
        • Ability to travel up to 10% of the time
        • Willingness to work on-site at stated location on the job openingHow to Express Interest in This Job: Wells Fargo invites you to apply for this job at https://employment.wellsfargo.com/psc/PSEA/APPLICANTNW/HRMS/c/HRSHRAMFL.HRSCGSEARCHFL.GBL?Page=HRSAPPJBPST_FL&FOCUS=Applicant&SiteId=1&JobOpeningId=5534812&PostingSeq=1.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.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.

Keywords: Wells Fargo, Raleigh , Compliance Sr Assoc, Other , Raleigh, North Carolina