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Wells Fargo

Job: Compliance Consultant 3

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Jobing Description

Job Description

At Wells Fargo, we have one goal: to satisfy our customers’ financial needs and help them achieve their dreams. We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll 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. We focus on three key risk areas: credit risk, operational risk and market risk. We help our management and Board of Directors identify and monitor risks that may affect multiple lines of business, and take appropriate action when business activities exceed the risk tolerance of the company.

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investments, mortgage, and consumer and commercial finance through more than 8,300 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 263,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. News, insights and perspective from Wells Fargo are also available at Wells Fargo Stories.

Corporate Risk

Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk areas, including credit risk, operational risk, market risk, strategic risk, and compliance risk.

Corporate Risk strives to ensure that all Wells Fargo enterprise functions and lines of business (LOBs) soundly manage risk, comply with applicable laws and regulations, and offer products and services that meet the needs of our customers. The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, Corporate Risk 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.

Enterprise Testing

Within Wells Fargo Compliance, this group provides an independent oversight function within the second line of defense, establishing and maintaining a consolidated Enterprise Testing function at the corporate level. They are responsible for developing a common methodology and standards, providing governance and oversight, executing testing; and conducting horizontal reviews.  Testing and validation teams throughout corporate risk will be responsible for implementing the Enterprise Testing methodology and standards, and executing group-specific testing.                              

The WIM Testing and Validation (T&V) team is looking for a Compliance Consultant 3 to support the WIM lines of business. This position will support the WIM T&V team in control testing and validation reviews, and special projects.

This position includes the following primary responsibilities:

  • Develop and carry out regulatory (MCR) and business process risk management (BPRM) testing programs to assure compliance with policy and regulatory requirements and adhere to corporate T&V standards
  • Design test scripts and identify accurate and complete populations for testing
  • Evaluate the adequacy and effectiveness of policies, procedures, processes, and internal controls
  • Evaluate and rate control design and performance
  • Work with complex business units and provide compliance and operational risk expertise for testing programs to identify and mitigate regulatory and policy risk in business activities
  • Consult with business to effectively manage change in ensuring adequate corrective actions are in place to ensure regulatory and policy compliance
  • May provide guidance to less experienced consultants
  • Take on additional special projects and responsibilities as needed

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 within Wells Fargo.

 



Required Qualifications

  • 2+ 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
  • 2+ years of experience in one or a combination of the following: additional compliance, additional operational risk management, IT systems security, business process management or financial services industry experience; or a BS/BA degree or higher in business or a related field



Desired Qualifications

  • Intermediate Microsoft Office skills
  • 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
  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
  • A BS/BA degree or higher
  • Strong presentation skills
  • Ability to take initiative and work independently with minimal supervision in a structured environment
  • Ability to communicate effectively, in both written and verbal formats, with senior executive-level leaders
  • Outstanding problem solving and decision making skills
  • Ability to negotiate, influence, and collaborate to build successful relationships
  • Ability to assess issues, make quick decisions, implement solutions, and influence change
  • Ability to coordinate completion of multiple tasks and meet aggressive time frames



Other Desired Qualifications
  • Knowledge and understanding of Investment Company Act and Advisers Act requirements
  • Knowledge of the Wells Fargo Investment Institute (WFII) business line
  • Experience with SHRP and/or ORIS operational risk systems
  • Certification (CIA, CRCM)
  • Experience with business processes and operations


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.

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