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Compliance Consultant 5 - Wholesale SCRA Officer

Company: Wells Fargo
Location: West Des Moines
Posted on: July 11, 2019

Job Description:

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.

The Wholesale Bank Regulatory Compliance (WBRC) function is a part of the Wholesale Compliance Office within Wells Fargo Compliance and is responsible for providing governance and oversight for the U.S. bank regulatory compliance programs for the Wholesale Banking Group. The WBRC function assesses the comprehensiveness of compliance processes and controls for the Wholesale Banking businesses to adhere to and comply with U.S. banking laws, regulations, and rules and in implementing Wells Fargo compliance policies, standards, and programs. Methods developed to provide for compliance with these U.S. laws, regulations and rules include the establishment and maintenance of applicable policies, standards, programs, and procedures documenting internal controls; implementation of surveillance and monitoring capabilities; provision of training and advisory support, and usage of Key Risk Indicator metrics.

This position will support the Consumer Compliance Program team within WBRC. The compliance consultant will be responsible for overseeing Wholesale Banking Servicemembers Civil Relief Act (SCRA) compliance, and integration of Wholesale Banking businesses into the enterprise SCRA Center of Excellence (CoE) processes. The compliance consultant will serve as a liaison between front line businesses and enterprise SCRA compliance and risk functions for Wholesale Banking broad based projects, reporting requirements, and information gathering. Key to this role is the ability to serve as a subject matter specialists for SCRA regulatory requirements, and Wells Fargo enterprise requirements (SCRA Standards, SCRA CoE process and control requirements), while partnering with front line business partners, business-aligned compliance officers and Legal to determine requirement applicability for the Wholesale business. This consultant will also serve as a Subject Matter Specialist for Regulation E and will support other regulatory subjects, projects and initiatives as needed. This will include consultation with the Wells Fargo Legal Department for any regulatory interpretation.

This position includes the following responsibilities:

* Providing consulting and advisory services to the Wholesale businesses on matters involving SCRA, Reg E and other consumer banking regulations
* Developing an understanding of SCRA CoE expectations and processes flows and how they impact the various Wholesale Banking businesses; partner with business aligned Compliance partners as applicable businesses update processes that have SCRA applicability
* Evaluating the adequacy of and effectiveness of policies, procedures, processes and internal controls and providing credible challenge to the front line paying particular attention to the integration of established SCRA Center of Excellence (CoE) process flows
* Working with complex business units and providing in coordination with the RSO SCRA and Reg E compliance risk expertise and consulting for testing programs managed by Wholesale Testing and Validation which may include the review of test scripts
* Maintaining awareness of new/outstanding issues, testing/reviews completed by IRM, WFAS and Regulators, authoritative source information (governance, MR descriptions, MR accepted population). Communicating updates through team meetings, biweekly management reporting and quarterly metric reporting
* Consulting with business-aligned Compliance and front-line partners as necessary to develop corrective action plans and mitigation strategies to address identified SCRA or Reg E process or control deficiencies
* Reviewing and updating the Wholesale group-level SCRA and Reg E policies and training; providing advisory support to business level SCRA or Reg E training
* Participating in enterprise policy and training development projects, providing reviewer feedback and Wholesale Banking expertise to be considered for incorporation
* Supporting business led projects/initiatives to identify regulatory risk; will include the review of Business Requirements Documents or other project documentation as needed
* Supporting internal audits or regulatory examinations as needed

Work location(s): Charlotte, NC; Dallas, TX; San Antonio, TX; Minneapolis, MN; Portland, OR; St Louis, MO; Des Moines, IA; Phoenix, AZ; Summit, NJ; New York, NY

Please note that posting duration may be shortened based on job seeker volume.

Required Qualifications

* 10+ 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 10+ years of IT systems security, business process management or financial services industry experience, of which 5+ years must include direct experience in compliance, operational risk management, or a combination of both
* 5+ years of Consumer Protection regulations experience

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

Other Desired Qualifications

* Certified Regulatory Compliance Manager ("CRCM")
* Expertise in consumer protection regulations with an emphasis/experience in lending related laws and regulations as they apply to commercial purpose lending and an ability to apply that knowledge.
* Proven knowledge of operational risk, business operations, and processes and systems controls across a variety of complex financial services related businesses
* Experience in building/designing a control infrastructure through policies, procedures, guidance documents, and training development
* 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
* Ability to work independently with a minimum of direct supervision
* Results oriented and driven
* Professional demeanor
* Team Player
* High level of integrity
* Wells Fargo Risk Management Systems such as SHRP, RCSA, ORIS

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.

Keywords: Wells Fargo, West Des Moines , Compliance Consultant 5 - Wholesale SCRA Officer, Professions , West Des Moines, Iowa

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