Senior Lead Compliance Officer - Prime brokerage Compliance Executive Director

Wells Fargo & Company•New York, NY

14d•Onsite

About The Position

Wells Fargo is seeking a Senior Lead Compliance Officer within (CIB)Corporate Investment Banking Markets Compliance Groups. In this role, you will: Provide oversight and governance of a business group or manage companywide compliance programs 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 Work with complex business units, rules and regulations on 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 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 multiple business lines 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 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

Requirements

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

Nice To Haves

Experience providing compliance coverage for a full-service prime brokerage and institutional clearing platform.
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
Working knowledge of the Risk and Control Self-Assessment (RCSA) process
Understanding of swap dealer rules, Volcker and banking regulations (Reg W and Reg U)
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.
Strong written and oral communication skills, including the ability to prepare reporting for senior management and regulatory authorities

Responsibilities

Provide oversight and governance of a business group or manage companywide compliance programs
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
Work with complex business units, rules and regulations on 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 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 multiple business lines
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