Principal Compliance Officer (Prime Brokerage)

Wells Fargo & Company•New York, NY

1d•$185,000 - $300,000

About The Position

Wells Fargo is seeking a Principal Compliance Officer to provide senior-level, second-line compliance leadership for its Equities business within Corporate & Investment Banking. The role oversees compliance coverage of the Prime Brokerage business and serves as a trusted advisor to senior business and control leaders. This highly visible position helps guide the continued growth of the Prime Brokerage platform, advises on new products and business initiatives, and provides credible challenge on complex regulatory, conduct, operational, and reputational risks. The successful candidate will bring deep broker-dealer compliance expertise and translate regulatory requirements into practical, scalable business solutions. The officer serves as a recognized compliance subject matter expert, leading complex initiatives and execution of compliance strategy for significant challenges. The role oversees Front Line compliance with applicable laws, regulations, policies, and risk program requirements; independently challenges decisions, assessments, controls, plans, remediation, and governance; and establishes standards, regulatory change strategies, and corrective action approaches. It monitors reporting, escalation, and remediation of significant issues and emerging risks, and drives alignment across Compliance, Front Line, Legal, Risk, Audit, and other partners. The position advises senior leaders and executives, leads through influence and matrixed teams, provides thought leadership and mentorship, and prepares materials for risk subcommittees, regulators, or executive leadership. It oversees Equities compliance risk assessments, monitoring and surveillance, metrics, reporting, regulatory change management, and issue remediation, and may engage directly with regulators and internal oversight functions. The position is subject to FINRA background screening requirements and ongoing regulatory requirements. Specific policies may apply to outside activities and personal investing. The base pay range is $185,000 to $300,000; employees may also be eligible for incentive opportunities.

Requirements

10 or more years of Compliance experience, or equivalent demonstrated through work experience, training, military experience, education, or a combination thereof.

Nice To Haves

Deep expertise in U.S. broker-dealer compliance frameworks and SEC, FINRA, and exchange requirements applicable to Equities and Prime Brokerage.
Advanced product knowledge across Prime Brokerage, Equity Derivatives, Equity Finance, and securities lending.
Direct compliance experience supporting a full-service Prime Brokerage platform, including financing, securities lending, margin, and institutional clearing activities.
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.
Ability to work with Operations personnel to ensure processes and actions support regulatory compliance for a Prime Brokerage business.
Working knowledge of the Risk and Control Self-Assessment (RCSA) process.
Understanding of swap dealer rules, Volcker, and banking regulations including Reg W and Reg U.
Strategic mindset and ability to support Equities Finance growth initiatives, including new products, while ensuring a robust and scalable compliance environment.
Experience advising senior business leaders and providing credible challenge on significant regulatory, conduct, operational, and reputational risk matters.
Experience leading regulatory examinations, investigations, audits, compliance reviews, risk assessments, monitoring, surveillance, and issue remediation.
Effective executive communication skills, orally and in writing, with the ability to present complex issues clearly and influence timely decisions.
Ability to cultivate relationships and collaborate across business, Legal, Risk, Operations, Business Control, Internal Audit, and Compliance stakeholders.

Responsibilities

Serve as a recognized Compliance subject matter expert for a line of business, function, or Level 2 compliance risk type, leading complex initiatives with broad cross-functional impact.
Lead execution of compliance strategy for complex and significant challenges, identifying and resolving gaps, roadblocks, and opportunities.
Oversee Front Line execution of compliance requirements, including adherence to applicable laws, regulations, expectations, corporate policies, and risk program requirements.
Independently challenge Front Line compliance decisions, risk assessments, controls, execution plans, issue remediation, and governance practices on high-risk matters.
Establish, interpret, and influence compliance standards, risk management expectations, regulatory change strategies, corrective action plans, and issue remediation approaches.
Monitor, assess, and challenge reporting, escalation, and timely remediation of significant compliance issues, deficiencies, emerging risks, and regulatory matters.
Coordinate with Compliance, Front Line, Legal, Risk, Audit, and other partners to resolve complex compliance matters and strengthen enterprise risk management.
Advise senior leaders and executives by translating regulatory, legal, policy, and industry developments into practical compliance risk management strategies.
Lead through influence, matrixed teams, and cross-functional workstreams; provide thought leadership, guidance, and mentorship to senior professionals.
Prepare and present materials for Risk subcommittees, regulators, or executive leadership, and represent Wells Fargo in appropriate regulatory, industry, or technical forums.
Oversee Equities compliance risk assessments, monitoring and surveillance activities, metrics, reporting, regulatory change management, and issue remediation.
Engage directly with regulators and internal oversight functions, as appropriate, on matters affecting Equities.