Senior Compliance Specialist, Wells Fargo

Wells Fargo

Location:
India, Bengaluru

Category:
Finance

Contract Type:
Employment contract

Salary:

Not provided

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Job Description:

This position involves providing subject matter expertise on regulatory compliance risk management, partnering with teams across jurisdictions, managing complex business units, and overseeing compliance standards in the financial services industry.

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
Provide oversight and monitoring of risk-based compliance programs
Develop and oversee standards
Provide subject matter expertise with comprehensive knowledge of business and functional area
Provide compliance risk expertise and consulting for projects and initiatives with moderate risk for a business line or functional area
Monitor 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
Provide compliance risk expertise
Consult for projects and initiatives with moderate risk for a business line
Identify and recommend opportunities for process improvement and risk control development
Provide direction to the business on developing corrective action plans and effectively managing regulatory change
Report findings and make recommendations to management appropriate committees
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 risk compliance matters
Discuss Legal & Public Affairs related laws (vast & Complex) with I&P Senior Leadership and Key Stakeholders in the US
Review frontline’s compliance to in-country laws, rules and regulations
Provide oversight and governance of Legal & Public Affairs related compliance risk in India
Partner with US Compliance teams to integrate compliance processes, procedures, and System of Record with the Global practices

Requirements:

4+ years of Compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Bachelor's degree in corporate laws/legal/Regulatory Affairs/ACA/ACS or equivalent
Relevant Risk and Regulatory certifications will be an advantage
Experience in Indian Regulations will be an advantage
General knowledge of industry standards and best practices around regulatory compliance, control evaluations/testing, internal audit and risk management processes
Ability to execute large complex initiatives in a large corporate environment, while effectively partnering with others
Relevant experience in Financial Services industry and/or risk & control domains covering operational risk, controls testing/evaluation, compliance, internal audit, risk management
Ability to credibly challenge, conduct tough conversations and effectively communicate with various levels of management, including senior leaders and executives
Highly developed interpersonal skills, with an ability to communicate effectively with both the line of business and technical Team Members

Nice to have:

Creative and strategic thinking skills, including the ability to analyze business issues and identify key risks/mitigating controls, combined with a pragmatic approach to problem solving
Strong analytical skills with high attention to detail and accuracy
Excellent verbal, written, interpersonal communication skills and stakeholder management
Demonstrate positive attitude and readiness to work in a challenging and dynamic environment
Flexibility to multitask and work across domains and business groups

Additional Information:

Job Posted:
April 26, 2025

Expiration:
May 08, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Senior Compliance Specialist