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Compliance Consultant 4 - Wells Fargo Asset Management (WFAM) Compliance

Wells Fargo | Menomonee Falls WI 53052 USA | Full Time | Posted: 06/14/2019

Job Descriptiontop

Job Description

At Wells Fargo, we want to satisfy our customers’ financial needs and help them succeed financially. 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.

We are looking for a strong compliance professional to be a critical member of Wells Fargo Asset Management’s (“WFAM”) Compliance team, specifically supporting the broker/dealer, Wells Fargo Funds Distributor, LLC (“WFFD”). The Compliance Consultant will assist in the day-to-day management and execution of the compliance program of this non-bank subsidiary of Wells Fargo & Company (“WFC”).  WFFD is a limited purpose broker/dealer and serves as the underwriter and wholesaler to the Wells Fargo Funds. WFFD is registered with the U.S. Securities and Exchange Commission (“SEC”), is a member of the Financial Industry Regulatory Authority (“FINRA”), and is registered in all fifty states, the District of Columbia, Puerto Rico, the Virgin Islands and Guam.  

WFAM is part of the Wealth and Investment Management (WIM) division, which is one of WFC’s four main divisions. WIM businesses build enduring client relationships through sound, thoughtful and objective advice. We help our clients by developing individualized plans for everything from retirement goals to business succession planning, to family legacy intentions. Services include comprehensive planning and advice, investment management, brokerage, private banking, estate planning strategies, trust, insurance and both individual and institutional retirement.

The Compliance Consultant will be a key member of the Distribution Oversight Team and will be responsible for helping to ensure the successful oversight and monitoring of compliance activities across WFAM, as required by SEC and FINRA Rules and Regulations, as well as internal policy. Two key elements of this position include high level critical thinking and verbal/written communication skills. This individual will communicate with all levels in the organization as appropriate, including but not limited to Senior Leadership.

Primary duties and responsibilities:

• Provide day-to-day oversight of sales distribution activities across the WFAM lines of business and ensure activities are conducted in accordance with applicable laws and regulations, as well as internal policies and procedures.

• Lead/manage various compliance projects with minimal supervision related to new products/initiatives, regulations, or procedures. May provide guidance to less experienced consultants across the broader team.

• Develop strong cross functional relationships across stakeholders that allow for a productive credible challenge and create an atmosphere of continuous improvement.

• Evaluate the adequacy and effectiveness of policies, procedures, processes, initiatives, products and internal controls while fostering an environment of continuous improvement. Responsible for maintaining sections of the Written Supervisory Procedures and Plan of Supervision, desk procedures and other documentation, as required.

• Manage the Branch/Office of Supervisory Jurisdiction Review Program.

• Research new developments in the industry, identify the impacts to the business, and implement required compliance program changes.

***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 with Wells Fargo.

Required Qualifications

  • 6+ 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 6+ years of IT systems security, business process management or financial services industry experience, of which 3+ years must include direct experience in compliance, operational risk management, or a combination of both

Desired Qualifications

  • Advanced 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
  • FINRA registration including Series 24 (or FINRA recognized equivalents)
  • FINRA registration including Series 7 and 63 (or FINRA recognized equivalents)
  • Ability to track and monitor project progress, identify project and process gaps, recommend controls and communicate progress to business leaders
  • Ability to be flexible and adjust plans quickly to meet changing business needs
  • Experience resolving and working through escalated and complex issues
  • Experience developing, implementing and monitoring a risk-based compliance program to assure compliance with federal, state, agency, legal and regulatory requirements or providing oversight to a compliance function
  • Ability to foster effective partnerships
  • Ability to work and influence successfully within a matrix environment and build effective business partnerships with all levels of team members
  • Ability to organize and manage multiple priorities
  • Strong time management skills and ability to meet deadlines
  • A BS/BA degree or higher
  • Experience resolving and working through escalated and complex customer issues

Other Desired Qualifications

• Highly effective at influencing, critical-thinking, and problem solving, is able to build, engage, and maintain positive working relationships

• Advanced degree or certification (e.g., CPA, CFA, CIA or CRCM)

• Strong leadership, collaboration and demonstrated ability to drive for results

• Exposure to compliance and regulatory controls in a financial services environment

• Knowledge of FINRA requirements and investment advisor requirements to understand where there are training needs

• Experience providing credible challenge

• Ability to take initiative and work independently with minimal supervision

Job Expectations

  • Ability to travel up to 25% of the time

Street Address

NC-Charlotte: 401 S Tryon St - Charlotte, NC
WI-Menomonee Falls: 100 Heritage Reserve - Menomonee Falls, WI
MA-Boston: 125 High Street - Boston, MA


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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Location Menomonee Falls, WI, 53052, United States
Categories Quality Assurance/Safety

Location Maptop

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Job Code 5490396-2

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