Job Title:Compliance Consultant 5 - New & Modified Product & Service OversightJob ID Number:5270670-2Location:New York,NYJob Description:Job Description Regulatory Compliance Risk Management (RCRM) is the corporate compliance function that safeguards Wells Fargo by ensuring that all business groups abide by applicable laws, rules, regulations and regulatory guidance (regulatory requirements), meet regulatory compliance responsibilities, and manage regulatory compliance risks. Also, RCRM serves as a second line of defense by providing the minimum standards for and independent oversight of business-based regulatory compliance risk management activities. In its oversight role, RCRM works in conjunction with the lines of business (LOBs) to help ensure the proper execution of regulatory requirements for which business management is primarily responsible. RCRM leads a coordinated, consistent and disciplined approach regarding regulatory compliance risk management that enables Wells Fargo to manage reputational and regulatory compliance risks and to protect the interest of its shareholders, while ensuring that the needs of internal and external stakeholders are met. The RCRM Oversight & Program Activities Team has responsibility for maintaining standards and processes for RCRM subject matter expert (SME) activities and business compliance program evaluations, including supporting RCRM and other Regulatory Compliance Risk Management Executive (RCRME) teams that conduct evaluation activities. This team also supports other second line of defense programs and activities that the Deputy Chief Compliance Officers (DCCOs) designate. This Compliance Consultant 5 position will be responsible for defining, establishing and supporting the second line of defense processes for new and modified product and service oversight activities RCRM team members execute. Specific expectations for this position include, but are not limited to: Establish and maintain RCRM procedures, guidance, and/or templates as needed to support consistent assessment activities, commensurate with the risk and complexity of proposed products and services. Develop reporting to maintain an enterprise view of new and modified products and services with regulatory compliance impact; inform the DCCOs and their teams of pending initiatives and related risk Oversee RCRM new product assessment activities Partner with partner operational risk teams on new product risk tool enhancements and processes Provide training and ongoing support on new product risk tools Support regulatory exams and internal audits Participate in the development and evolution of oversight processes and tools the team uses Required Qualifications 10+ 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; or 10+ years of IT systems security, business process management or financial services industry experience, of which 5+ years must include direct experience in compliance, operational risk management, or a combination of both Desired Qualifications Advanced Microsoft Office skillsExcellent verbal, written, and interpersonal communication skillsStrong analytical skills with high attention to detail and accuracyAbility to interact with all levels of an organizationA Masters of Business Administration (MBA) or Juris Doctor (JD)Experience working in a large enterprise environmentCertified Internal Auditor (CIA)An active Certified Regulatory Compliance Manager (CRCM) designation Other Desired Qualifications Experience in working with banking regulators Previous regulatory or compliance experience in financial services Demonstrated ability developing implementing and/or overseeing effective compliance programs, or the equivalent (e.g., Regulatory Compliance, Internal Audit programs, etc.) Demonstrated ability in developing and conducting new product oversight and compliance risk assessment activities Prior experience and/or working knowledge of Wells Fargo risk tools (Product & Service Risk Management Tool) Experience in Consumer Lending and/or in a Retail or Institutional Brokerage environment 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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