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Compliance Consultant 4 - WFA Retail Branch Exams

Wells Fargo | Summit NJ 07902 USA | Full Time | Posted: 08/23/2019

Job Descriptiontop

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 Advisors (WFA) Compliance, the Retail Branch Examinations team is responsible for conducting on-site compliance examinations of the WFA retail distribution Channels and Central Supervision Units in order to monitor for compliance with securities regulations and the internal policies and procedures established by the Firm.

The Branch Examiner is responsible for contributing to the protection of the Firm’s clients, employees, assets and reputation by performing on-site compliance reviews of WFA’s retail channels: Private Client Group, International Private Client Group, Wealth Brokerage Services, and Wells Fargo Advisors Financial Network. The Examiner works independently under limited supervision, is a senior individual contributor, knows the standard examination check-list, and also understands what questions to ask to uncover potential underlying issues that are not obviously stated. Specific Job Responsibilities include but are not limited to:

  • Performs reviews of policies, procedures and controls within the assigned area through the performance of on-site compliance examinations
  • Schedules and coordinates on-site office examinations with sales office management
  • Coordinates with other professionals both before and after the on-site visit, including Surveillance Analysts and Business Channel Supervisors
  • Ensures appropriate pre-and-post examination reports and analyses are completed and submitted in a timely manner. May review reports of more junior staff
  • Participates with the sales office management and other professionals on regulatory and training matters
  • Leads and/or participates on departmental and/or business unit project teams
  • Provides leadership and/or mentoring for more junior staff as appropriate
  • May participate in new hire interview processes and/or provide input for performance review feedback

Team members support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.

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
  • Successfully completed FINRA Series 7 exam to qualify for immediate registration (or FINRA recognized equivalents)

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
  • A BS/BA degree or higher in business or management
  • Knowledge and understanding of financial services industry: compliance, regulatory, or legal operations
  • Ability to motivate staff to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
  • 5+ years of retail brokerage or operations experience
  • Strong collaboration and partnering skills

Other Desired Qualifications
  • 5+ years of experience of retail brokerage experience, preferably as examiner, compliance professional , or retail branch office capacity
  • FINRA registration including Series 9/10 (or FINRA recognized equivalents)
  • FINRA registration including Series 66 (or FINRA recognized equivalents)

Job Expectations

  • Ability to travel up to 30% of the time

Street Address

NJ-Summit: 190 River Rd - Summit, NJ


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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Location Summit, NJ, 07902, United States
Categories Quality Assurance/Safety

Location Maptop

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Job Code 5488390

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