South Dakota

Compliance Consultant 4 - Issues and Remediation Validation

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. 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. Within Wells Fargo Compliance, the Enterprise Testing group is responsible for establishing and maintaining a consolidated Enterprise Testing program at the corporate level. Enterprise Testing is responsible for developing a common methodology and standards, providing governance and oversight, executing testing; and conducting horizontal reviews. Testing and validation teams are responsible for implementing the Enterprise Testing methodology and standards, and executing group-specific testing. The Compliance Consultant 4 – Targeted Review, Validation, and Oversight (TV&O) - Validation Lead team member is responsible for performing validation activities (e.g., process adherence reviews, monitoring and testing) that independently evaluate the adequacy, comprehensiveness and effectiveness of corrective actions taken to address issues or remediation activities to address customer impacts. He or she will be responsible for completing timely and high quality validation activities, as well as, for identifying issues, validation concerns, and observations, recommending corrective actions, presenting results of validation reviews, interfacing with business partners, and writing reports. Specific duties for this position include, but are not limited to: Plan and perform timely and high quality compliance validation activities that independently evaluate the adequacy, comprehensiveness and effectiveness of corrective actions taken by WF businesses to address an issue or remediation. Plan and perform performance of substantive testing as necessary to validate that corrective actions have adequately addressed issues in our scope of work (e.g., WF Compliance identified issues). Identify deficiencies and recommend solutions to complex issues. Work with the businesses’ compliance risk management teams to agree on corrective actions to develop comprehensive and effective corrective action plans and strengthen both preventive and detective internal controls. Identify deficiencies and recommend solutions to addressed validation concerns and observations noted. Write reports or presentations that clearly articulate the results/conclusions of compliance validation activities and communicate to key stakeholders across the company Assist in investigating and reporting issues, as needed, conducting inquires, obtaining and reviewing necessary documents and interviewing personnel, as appropriate. Assist on compliance projects, including training. Work collaboratively with internal and external stakeholders. Maintain an understanding of the Issue Management and Customer Remediation Management Policies and the interconnectivity of its key components. Maintain an understanding of business operations and regulatory guidance/expectations. Provide compliance support and guidance during risk assessment processes and state of compliance reporting Present results to the Enterprise Testing Management, key business professionals, and other senior executives. As appropriate, assist with the management of regulatory examinations and internal audits of assigned activities. Understand and ensure effectively application of corporate testing standards and procedures. Work collaboratively across groups/LOBs and with other risk management teams. Manages project teams and may provide guidance to less experienced consultants. May directly manage 1-2 specialists/consultants. This position will sit within the posted locations and will not be considering remote or telecommute candidates at this time.
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
Other Desired Qualifications
3+ years of Audit, testing, quality assurance, or validation experience. End to end, full life-cycle testing experience to include planning, designing scripts, execution, reporting and validation engagements. Knowledge and understanding of remediation policy, process, and procedures Experience in Audit, Compliance, Risk and Testing Critical Thinking and Analytical skills Experience in multiple areas of regulatory compliance risk and risks related to the consumer protection and general banking regulations of the OCC, FRB, CFPB and other federal, state and local regulations and laws. Ability to assess risk and its upstream and downstream impacts, as well as, potential cross-organizational impacts. Experience providing “credible challenge” to business partners when necessary, with the ability to lead through influence. Ability to work and influence successfully within a matrix environment and build effective business partnerships with all levels of team members. Experience identifying, assessing and consulting around risk while proposing corrections/solutions to various levels of staff and management Knowledge and understanding of financial services customer products. Virtual leadership experience with ability to effectively drive results, provide feedback/direction, and manage and build relationships with leaders and team members in a geographically dispersed team environment Experience with risk systems preferable with Wells Fargo internal SHRP. Bachelor’s, Master’s, or Law Degree preferred. One or more of the following certifications is desired: Certified Anti-Money Laundering Specialist (CAMS) Certified Financial Crimes Specialist (CFCS) Certified Information Systems Auditor (CISA) Certified Internal Auditor (CIA) Certified Public Accountant (CPA) Certified Regulatory Compliance Manager (CRCM) Certified Risk and Compliance Management Professional (CRCMP) Certified Risk Professional Program (CRP)
Job Expectations
Ability to travel up to 10% of the time
Salary Information
The salary range displayed below is based on a Full-time 40 hour a week schedule.

TX-DAL-North Dallas: Min: $80,500 Mid: $115,000
MN-Minneapolis: Min: $80,500 Mid: $115,000
OR-Portland: Min: $80,500 Mid: $115,000
NC-Charlotte: Min: $80,500 Mid: $115,000
TX-San Antonio: Min: $80,500 Mid: $115,000
MO-Saint Louis: Min: $80,500 Mid: $115,000
IA-Des Moines: Min: $80,500 Mid: $115,000
IA-West Des Moines: Min: $80,500 Mid: $115,000
SC-Fort Mill: Min: $80,500 Mid: $115,000
PA-Philadelphia: Min: $88,600 Mid: $126,500
SD-Sioux Falls: Min: $72,500 Mid: $103,500
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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Wells Fargo South Dakota jobs

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