Senior Lead Compliance Officer - Prime brokerage Compliance Executive Director

About this role:

Wells Fargo is seeking a Senior Lead Compliance Officer within (CIB)Corporate Investment Banking Markets Compliance Groups. 

In this role, you will:

• Provide oversight and governance of a business group or manage companywide compliance programs

• 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

• Develop, oversee, and provide independent credible challenge to standards with subject matter expertise

• Work with complex business units, rules and regulations on moderate to high risk compliance matters

• Monitor and independently challenge the 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

• Develop, oversee, and provide expert business and regulatory compliance functional knowledge

• Provide regulatory compliance risk expertise and consulting for projects and initiatives with high risk over multiple business lines

• Identify and recommend opportunities for process improvement and risk control development

• Consult and engage business on developing corrective action plans and effectively managing regulatory change

• Report findings and make recommendations to management or directors and appropriate committees

• 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:

• 7+ years of Compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Experience providing compliance coverage for a full-service prime brokerage and institutional clearing platform. 

• Knowledge of rules and regulations applicable to short sales, securities lending, portfolio margining, listed options position limits, Large Options Position Reporting, electronic blue sheets, Regulation T, and SEC Rule 15c3-3

• Working knowledge of the Risk and Control Self-Assessment (RCSA) process

• Understanding of swap dealer rules, Volcker and banking regulations (Reg W and Reg U)

• Strong analytical, critical thinking and problem-solving skills, coupled with an ability to translate ambiguous ideas/issues into well-defined plans/solutions with a track-record for delivering results.

• Strong written and oral communication skills, including the ability to prepare reporting for senior management and regulatory authorities

Job Expectations:

• Four days a week in-office work.

• Willingness to work on-site at stated location on the job opening.
• Not Eligible for Visa Sponsorships
• This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to compliance with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents
• Specific compliance policies may apply regarding outside activities and/or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process.

Job Posting Location:

• 500 W 33rd St, New York, NY (Hudson Yards)

Pay Range
 

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.

$191,000.00 - $305,000.