Lead Compliance Officer - Global Compliance Control Group, Wells Fargo

Wells Fargo

Location:
India, Hyderabad

Category:
Finance

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

Wells Fargo is seeking a Lead Compliance Officer to provide oversight and monitoring of business group risk based compliance programs, maintain compliance risk expertise, and ensure adherence to federal, state, agency, legal, and regulatory requirements.

Job Responsibility:

Provide oversight and monitoring of business group risk based compliance programs
Maintain compliance risk expertise and consulting for projects and initiatives with moderate to high risk, over multiple business lines
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
Provide direction to the business on developing corrective action plans and effectively managing regulatory change
Report findings and make recommendations to management and appropriate committees
Identify and recommend opportunities for process improvement and risk control development
Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements
Monitor the reporting, escalation, and timely remediation of issues, deficiencies or regulatory matters regarding compliance risk management
Oversee the Front Line's execution and challenges appropriately on compliance related decisions
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:

5+ years of Compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Handle the day-to-day control room activities and support follow the sun coverage model
Maintain the Bank’s Watch List and Restricted List and liaise with the front line to obtain the deal updates
Review and facilitating the barrier crossing requests
Carry out review and investigation of potential violations of Control Room and personal investment related policies and procedures and work closely with Trade Surveillance for escalated cases
Manage the violation process including issuance of violation notice, escalation and maintain records on the violation for APAC Control Room
Support the development, rollout and administration of the Control Room and personal account of related policies and procedures
Support the design and involve in the implementation, coordination, delivery and ongoing support for the APAC Control Room training
Provide support on MI and its reporting by preparing and maintaining control room activities related to MI on regular and ad hoc basis, conducting review and analysis on the MI if requested by senior management or relevant parties
Provide support and work closely with other compliance teams and relevant functions on regulatory, internal audit, testing and validation engagement
Provide coverage on certain personal investment work in APAC including review and pre-clearance of personal trade request
Involve in global projects and system enhancement and provide support on other ad hoc tasks assigned by the line manager

Additional Information:

Job Posted:
May 15, 2025

Expiration:
May 19, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Lead Compliance Officer - Global Compliance Control Group

Wells Fargo

Location:India, Hyderabad

Category:Finance

Contract Type:Not provided