Senior Lead Compliance Officer - Municipal Products Group

About this role:

Wells Fargo is seeking a Senior Lead Compliance Officer to perform as the  Senior Lead Business Line Compliance Officer for Public Finance Investment Banking within the Municipal Products Group in the Corporate and Investment Bank (“CIB”), including coverage of rules issued by the Municipal Securities Rulemaking Board, as well as applicable rules and regulations issued by the Securities and Exchange Commission, Financial Institutions Regulatory Authority, and Office of the Comptroller of the Currency, as they relate to business activities conducted by Public Finance (“Applicable Rules”).  This position will also act as the subject matter expert for political “pay to play” related topics (political contributions, gift and entertainment, procurement lobbying) for CIB.   This role will act as team lead directing the day-to-day activities of one Lead Compliance Officer

In this role, you will:

• Provide oversight and governance of the Public Finance Investment Banking business.

• Establish, implement, and maintain risk standards and programs to drive compliance with federal, state, agency, legal and regulatory and Corporate Policy requirements.

• Oversee Public Finance’s execution and challenges appropriately on compliance related decisions.

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

• Work with Public Finance, a complex business unit, on rules and regulations on all compliance matters, including 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 Public Finance 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 the Public Finance business.

• Provide regulatory compliance risk expertise for political “pay to play” across CIB.

• 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.

• Interface with Audit, Legal, external agencies, and regulatory bodies on risk related topics

Required Qualifications, US:

• 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 in executing compliance programs, including regulatory change management, risk identification and assessment processes, compliance issue management, new product/business review, complaint handling, compliance monitoring and reporting, compliance training.

• Expert-level knowledge of the Applicable Rules and associated compliance programs; experience in Bank Dealer and Broker-Dealer, including MSRB, SEC and FINRA regulations.

• Understanding of the ever-evolving governance and regulatory environments as well as industry and compliance risk-related best practices.

• 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.

• Ability to lead, ensuring proper staffing and expertise, and manage the establishment of major policies and relevant compliance programs for a business division within a large and complex organization.

• Oversee and credibly challenge the reporting, escalation and timely remediation of compliance-related issues, deficiencies, or regulatory matters involving Public Finance.

• Oversees the development of reporting on the state of compliance in Public Finance.

• Oversee, credibly challenge, and assess Public Finance with respect to managing and mitigating compliance risk and establish processes to ensure effective and timely implementation of regulatory change requirements applicable to the group.

• Direct