Compliance Specialist, Wells Fargo

Wells Fargo

Location:
India, Bengaluru

Category:
Finance

Contract Type:
Not provided

Salary:

Not provided

Save Job

Job offer has expired

Job Description:

Wells Fargo is seeking for a Compliance Specialist. In this role, you will establish, implement and maintain risk standards and programs to drive compliance with federal, state, agency, legal and regulatory and Corporate Policy requirements. You will oversee the Front Line's execution and challenges appropriately on compliance related decisions, support the oversight or monitoring of a risk-based compliance program, and provide compliance risk insight and support projects and initiatives with low to moderate risk for a business line or functional area.

Job Responsibility:

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
Support the oversight or monitoring of a risk-based compliance program
Provide support in developing and overseeing standards with some business and functional knowledge
Provide compliance risk insight and support projects and initiatives with low to moderate risk for a business line or functional area
Work with a business unit, a defined set of rules and regulations on low to moderate risk compliance matters
Support the reporting, escalation, and timely remediation of issues, deficiencies or regulatory matters regarding compliance risk management
Provide support in reporting findings and drafting recommendations to management
Support and implement initiatives with low to moderate risk
Interact with team to support risk oversight and monitoring
Manage and ensure accuracy of data
Troubleshoot system issues to determine root cause
Research and implement new regulatory rules and manage other Registration Team related projects
Identify and recommend opportunities for process improvement and risk control development
Establish and maintain effective relationships with various teams
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
Interact with internal customers
Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements
Create regulatory change alerts in the system of record
Create compliance change requests in the regulatory inventory tool
Perform citation research for various laws, rules and regulations applicable to Wells Fargo
Perform quality checks on the work performed by junior resources in the team
Engage with Quality Assurance, Vendor partners, Legal and Compliance teams to discuss key process updates and clarify questions
Coach and train junior resources in the team
Monitor process KPIs, metrics and support in timely execution of the deliverables as per the agreed quality standards and procedures
Assist process manager in driving process efficiencies
Assist in keeping the process procedures up to date

Requirements:

2+ years of Compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Candidates with Law degree LLB/ LLM/ Companies Secretary would be preferred
Fluency in any of the foreign languages such as Chinese, Japanese, French, Spanish, and German would be an added advantage
Expertise in technology data entry related to laws, rules and regulations
Ability to follow directions for using the SHRP Governance Management system (Archer platform)
Excellent verbal and written communication skills
Ability to articulate complex concepts in a clear manner
Advanced Microsoft Office skills
Good eye for detail and accuracy
Execution oriented, professional demeanor, self-starter behavior and able to recognize opportunities for improvement in the business and to act on those opportunities
Working knowledge on SharePoint would be an added advantage
B.Com, MBA or M.Com with experience in Banking and Financial Services, of which minimum 2 years of experience in risk management (includes compliance, regulatory change management, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management)
Experience in Compliance, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Nice to have:

Fluency in any of the foreign languages such as Chinese, Japanese, French, Spanish, and German
Working knowledge on SharePoint

Additional Information:

Job Posted:
May 07, 2025

Expiration:
May 18, 2025

Employment Type:

Fulltime

Work Type:

On-site work

View All Jobs In This Company

Job Link Share:

Compliance Specialist