About this role:
Wells Fargo is seeking a Senior Compliance Specialist
In this role, you will:
- 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 oversight and monitoring of risk-based compliance programs
- Develop and oversee standards
- Provide subject matter expertise with comprehensive knowledge of business and functional area
- Provide compliance risk expertise and consulting for projects and initiatives with moderate risk for a business line or functional area
- Monitor reporting, escalation, and timely remediation of issues, deficiencies or regulatory matters regarding compliance risk management
- Provide direction to the business on developing corrective action plans and effectively managing regulatory change
- Provide compliance risk expertise
- Consult for projects and initiatives with moderate risk for a business line
- Identify and recommend opportunities for process improvement and risk control development
- Provide direction to the business on developing corrective action plans and effectively managing regulatory change
- Report findings and make recommendations to management appropriate committees
- 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 risk compliance matters
- Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements
Required Qualifications:
- 4+ years of Compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
- B. Com, MBA or M. Com; L.L.B with several years of overall experience in Banking and Financial Services, of which 2+ years of experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security and business process management)
- Experience in Compliance, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Law degree (LLB/LLM), Companies Secretary would be preferred
- Advanced understanding of legal and regulatory information globally for laws and rules applicable to Wells Fargo businesses
- Experience with Wells Fargo internal risk systems such as SHRP
- Experience in analyzing laws and regulations and other compliance data
- Experience developing improvement processes and implementation strategies
- Experience consulting, influencing and partnering with business executives, leadership and peers
- Strong analytical skills with high attention to detail and accuracy to ensure accuracy of risk and compliance system of record
- Solid problem solving and relationship management skills
- Experience communicating in both written and verbal formats with senior executive-level leaders through use of advanced Microsoft Excel and PowerPoint skills
Job Expectations:
- Engage with regional compliance and legal partners to support in making updates the regulatory inventory
- Engage with Vendor partners to communicate, discuss issues if any with the regulatory changes/inventory
- Support management in performing vendor analysis and ensure gaps identified if any are communicated timely and tracked to closure
- Perform quality checks on the work performed by the junior resources in the team
- Engage with Quality Assurance, Legal and Compliance teams to discuss key process updates and clarify questions
- Coach and train junior resources in the team
- Monitor process KPIs, metrics and support in timely execution of the deliverables as per the agreed quality standards and procedures
- Assist process manager in driving process efficiencies
- Assist in keeping the process procedures up to date
Posting End Date:
8 Apr 2025
*Job posting may come down early due to volume of applicants.
We Value Diversity
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.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment and Hiring Requirements:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
Top Skills
Wells Fargo Hyderabad, Telangana, IND Office
: C9FH+X2J, Divyasree Orion Rd, Madhura Nagar Colony, Gachibowli, Hyderabad, Telangana, India, 500032
