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Compliance Manager 3

Wells Fargo | Philadelphia PA 19255 USA | Full Time | Posted: 12/06/2019

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Job Description

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume prior to submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as “Personal Cell” or “Cellular” in the contact information of your application.

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 Enterprise Functions Testing and Validation (EF T&V) team within Enterprise Testing is responsible for planning and executing validation in accordance with Operational Risk and Compliance Testing and Validation Standards and Procedures and the Issue Management Policy. We are seeking three candidates to lead teams responsible for Operational Risk Testing within EF T&V, which includes business process testing (BPT), major policy requirements (MPR) and other regulatory requirements. Each manager will be responsible for managing a team of 4+ individuals in a cross-functional team to accomplish goals and priorities. The primary purpose of this role is to assist existing management with the development, maintenance, and execution of the annual testing plan as well as identifying opportunities where targeted reviews should be performed based on risk and internal past due benchmarks. 

Specific Job Responsibilities:

The successful candidate will focus on leading a team of 4 or more testing officers, associates, or consultants responsible for the execution of the Operational Risk Testing program within Enterprise Functions T&V, specifically business process testing (BPT) and other regulatory or policy requirement risk and control testing. 

Responsibilities for this position include, but are not limited to:

  • Leading and performing moderate to high risk review activities
  • Planning and leading testing within required timeframes and in accordance with established processes and procedures including the Independent Monitoring, Testing and Validation Policy & the Enterprise Testing – Control Testing and Issue Validation Procedures
  • Providing thoughtful credible challenge to lines of business, across risk programs and the enterprise
  • Assessing, documenting, and communicating emerging risks, themes and identified issues to management and risk partners in a timely manner in addition to providing routine status updates on reviews
  • Ensuring issues are identified and documented appropriately and escalates any critical or high risk issues to appropriate leadership
  • Assisting with implementation of complex and strategic initiatives with risk and complexity
  • Managing communication and collaboration with business heads, Legal, Audit, and others as needed on risk related topics
  • Possessing the ability to consider a broad range of issues in making decisions or assisting others in making decisions, and holds oneself accountable for delivering on commitments, renegotiating, and escalating to management when needed
  • Balancing tasks and concerns for people’s needs
  • Familiar with building constructive and effective relationships
  • Familiar with leading and challenging others to improve the organization
  • Subject matter expert on testing topics, risk types, line of business process walkthroughs, test results, quality assurance, researching, and issue identification
  • Competent in evaluating adequacy and effectiveness of policies, procedures, processes, systems and internal controls; while analyzing business and/or systems changes to determine impact to the line of business or organization
  • Review Testing quality assurance metrics and take appropriate actions to address areas requiring attention
  • Maintain authoritative knowledge and full understanding of laws and regulations, regulatory guidance, policy and procedure concerning all compliance and operational risk functions reviewed
  • Accomplish management responsibilities, which include assisting with sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks

***Please Note: Based on the volume of applications received, this job posting may be removed prior to the indicated close date. If you do not apply prior to the closing of this posting, we encourage you to apply for other opportunities with Wells Fargo.

As a Team Member Manager, you are expected to achieve success by leading yourself, your team, and the business. Specifically you will:

  • Lead your team with integrity and create an environment where your team members feel included, valued, and supported to do work that energizes them
  • Accomplish management responsibilities which include sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks

Required Qualifications

  • 8+ 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 8+ years of IT systems security, business process management or financial services industry experience, of which 4+ years must include direct experience in compliance, operational risk management, or a combination of both
  • 3+ years of management experience

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 articulate complex concepts in a clear manner
  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
  • Experience consulting, influencing and partnering with business executives, leadership, human resources partners and peers
  • Ability to identify and present processes/operational enhancements
  • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
  • Ability to think creatively to find innovative solutions to complex analytical questions
  • Ability to drive and lead organizational change in a dynamic environment
  • Strong strategic and conceptual thinking skills
  • Solid conflict management and decision making skills
  • Leadership skills including the ability to influence effectively in a matrix environment
  • Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
  • Ability to articulate complex concepts in a clear manner
  • A BS/BA degree or higher
  • Strong project management skills

Other Desired Qualifications
  • Knowledge and understanding of regulatory compliance requirements surrounding the financial services industry
  • Experience in Audit, Compliance, Risk and Testing
  • Experience involving the review of major compliance requirements, risk assessments, or consulting with lines of business on regulatory controls
  • Experience with the risk reporting tools
  • In-depth understanding of risk management policies and programs
  • Ability to develop long-term strategic plans in partnership with line of business leaders
  • Ability to translate Compliance policies into actionable roadmaps
  • Experience providing credible challenge

For Testing and Validation Positions Only:

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) For Testing and Validation Positions Only

Job Expectations

  • Ability to travel up to 5% of the time

Salary Information

The salary range displayed below is based on a Full-time 40 hour a week schedule.

MN-Minneapolis: Min: $106,400 Mid: $152,000
MO-Saint Louis: Min: $106,400 Mid: $152,000
IA-Des Moines: Min: $106,400 Mid: $152,000
IA-West Des Moines: Min: $106,400 Mid: $152,000
NC-Charlotte: Min: $106,400 Mid: $152,000
OR-Portland: Min: $106,400 Mid: $152,000
TX-DAL-North Dallas: Min: $106,400 Mid: $152,000
TX-San Antonio: Min: $106,400 Mid: $152,000
SC-Fort Mill: Min: $106,400 Mid: $152,000
PA-Philadelphia: Min: $117,000 Mid: $167,200
SD-Sioux Falls: Min: $95,800 Mid: $136,800


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 Philadelphia, PA, 19255, United States
Categories Business Management/Consulting

Location Maptop

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Job Code 5517150-10

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