Lead Compliance Officer - Home Lending

Wells Fargo & Company•St. Louis, MO

1d•$119,000 - $206,000•Hybrid

About The Position

Wells Fargo is seeking a Lead Compliance Officer for the Home Lending Compliance Team. As a part of Wells Fargo's second line of defense and Independent Risk Management team, this role covers jobs responsible for establishing, implementing, and maintaining risk standards and programs to drive compliance with federal, state, agency, legal, and regulatory and/or Corporate Policy requirements. Consumer Banking and Lending Compliance is responsible for providing continuous coverage and expertise regarding business compliance risks and is responsible for implementing the Compliance Program across Consumer Banking and Lending lines of business. The team exercises independent second line professional judgment in advising and challenging businesses regarding compliance risk management.

Requirements

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

Nice To Haves

Knowledge and understanding of Fair Lending, UDAAP and Community Reinvestment Act regulations and laws
Demonstrated experience executing compliance programs that support adherence to financial services regulations and/or prudential regulatory guidance
Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
Ability to exercise independent judgment to identify and resolve problems using the power of influence
Experience identifying and assessing regulatory compliance risk for large complex financial institutions
Demonstrated ability to efficiently condense complex information and scenarios to essential elements for executive recommendations & consumption
Experience with issue management and root cause analysis
Strong analytical skills with high attention to detail and accuracy
Ability to communicate effectively, in both written and verbal formats, with senior - level leaders

Responsibilities

Provide oversight and monitoring of business group risk based compliance programs
Maintain compliance risk expertise and consulting for projects and initiatives with moderate to high risk, over multiple business lines
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
Provide direction to the business on developing corrective action plans and effectively managing regulatory change
Report findings and make recommendations to management and appropriate committees
Identify and recommend opportunities for process improvement and risk control development
Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements
Monitor the reporting, escalation, and timely remediation of issues, deficiencies or regulatory matters regarding compliance risk management
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