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Compliance Consultant 4 - Personal Lending/Small Business Lending

Wells Fargo | Des Moines IA 50981 USA | Full Time | Posted: 08/16/2019

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.

Wells Fargo Compliance is the company’s compliance second line of defense function, providing company-wide leadership, standards, support, and independent oversight to ensure that all business groups abide by applicable laws, rules, regulations and regulatory guidance (regulatory requirements), meet compliance responsibilities, and manage compliance risks. Wells Fargo Compliance credibly challenges management decisions, business processes and activities, and evaluates and assesses adherence to applicable regulatory requirements. It provides appropriate analysis, reporting, and escalation to senior management and the Board of Directors, sets minimum standards for the company, and gives advice, guidance, and support for compliance risk management activities across the enterprise.

Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk. The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group 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.

The Compliance Consultant is responsible for establishing and assuring execution of compliance programs for Wells Fargo Personal Lending Group (PLG) which includes Educational Financial Services (EFS), Personal Lines and Loans (PLL) and Small Business Lending (SBL), including multiple regulatory environments (e.g. OCC, Fed, CFPB, state laws) has responsibility for: 

  • Compliance Advisory support
  • Compliance Annual Plan development and execution
  • Compliance Risk Assessment activities and reporting
  • Compliance Monitoring/Oversight, and support for Independent Testing
  • Compliance Policy/Procedure implementation and execution
  • Compliance Training delivery and reporting
  • Compliance Change Management activities
  • Compliance Exam Management support

Job Responsibilities:

  • Advise Personal Lines and Loans (PLL) and Small Business Lending (SBL) Collections and Recovery Departments on compliance with regulatory requirements and business activities that generate compliance risk. 
  • Provide credible challenge to affected businesses in their assessment and management of compliance risk. 
  • Collaborate with businesses to develop alternative processes and controls, as needed that mitigate compliance risk but also achieve business objectives. 
  • Maintain subject matter expertise and knowledge of the designated businesses, regulatory requirements, and elements of the Compliance Program
  • Independently identify and assess compliance risks. 
  • Execute the Compliance Program and understand corporate policies and procedures related to the compliance with the regulatory requirements for the business they support. 
  • Monitor the activities identified in the Compliance Annual Plan identifying and reporting issues identified and support the independent testing activities for their designated business areas. 
  • Understand themes, volumes, trends etc. by reviewing complaints and escalate issues to appropriate senior leaders. 
  • Conduct appropriate risk-based impact analysis for applicability of regulatory changes to Wells Fargo PLG business activities, processes, systems, etc.
  • Ensure action plans are completed to develop or enhance controls as needed with appropriate timelines and mitigate regulatory compliance risk


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
  • A BS/BA degree or higher



Other Desired Qualifications
  • Experience in communicating with various levels of staff and management
  • Strong organizational skills and ability to adhere to strict deadlines in a fast paced environment
  • Knowledge and familiarity with financial laws, regulations, rules or other regulatory requirements
  • Ability to identify issues by credibly challenging existing practices or protocols
  • Ability to develop and maintain effective relationships across all levels of the organization


Job Expectations

  • Ability to travel up to 10% of the time



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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Location Des Moines, IA, 50981, United States
Categories Quality Assurance/Safety

Location Maptop

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Job Code 5490044-1
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