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About the Role
Wells Fargo is seeking a Lead Compliance Officer for the Corporate & Investment Banking (CIB) Markets Compliance team. This role provides compliance oversight for the Equities business, acting at the intersection of risk management, regulatory reporting, and front-office advisory to maintain a strong compliance framework in a dynamic trading environment.
Responsibilities
- Provide oversight and monitoring of risk-based compliance programs supporting the Equities business.
- Serve as a trusted compliance advisor on business initiatives, regulatory matters, and activities involving moderate to high levels of risk.
- Act as the primary compliance liaison for trade and transaction regulatory reporting activities, including CAT, EBS, LOPR, TRF, TRACE, and SDR reporting.
- Execute oversight and monitoring activities related to regulatory reporting governance, controls, and reporting processes, providing effective second-line challenge to the Front Line.
- Establish and maintain compliance risk standards, controls, and programs to support adherence to applicable laws, regulations, and corporate policies.
- Monitor the identification, escalation, and timely remediation of compliance issues, regulatory matters, and control deficiencies.
- Advise business partners on regulatory developments, compliance requirements, and corrective action plans.
- Lead compliance risk assessments, metrics, reporting, and governance activities, including presenting findings and recommendations to management and governance committees.
- Partner with Audit, Legal, Risk, and regulatory agencies on compliance-related matters.
- Provide compliance advisory coverage to Equities sales and trading businesses and support execution of the Equities Compliance Program, including maintenance of the compliance risk management framework.
Requirements
- 5+ years of Compliance experience, or equivalent demonstrated through work experience, training, military experience, or education.
- 2+ years of experience supporting compliance with Consolidated Audit Trail (CAT) reporting.
- In-depth knowledge of transaction reporting rules and technical requirements for LOPR, EBS, TRF, TRACE, and SDR.
- Working knowledge of equity cash and derivatives products, including applicable rules and regulations.
- Experience working in a trading floor environment and providing real-time compliance guidance to the business.
- Working knowledge of the Risk and Control Self-Assessment (RCSA) process.
- Excellent verbal and written communication skills.
- Demonstrated flexibility, sound judgment, analytical thinking, problem-solving capabilities, and the ability to manage multiple priorities.
- Ability to clearly communicate regulatory guidance to stakeholders at all levels, including senior management, in a fast-paced environment.
- Ability to analyze and interpret complex regulations and transactions.
- Willingness to work on-site at stated location.
- This position is not eligible for Visa sponsorship.
- Successful candidates must meet ongoing regulatory requirements including additional screening and are required to report certain incidents.
- Specific compliance policies may apply regarding outside activities and/or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired.
Skills
- Consolidated Audit Trail (CAT) reporting
- LOPR reporting
- EBS reporting
- TRF reporting
- TRACE reporting
- SDR reporting
- Equity cash products
- Equity derivatives products
- Risk and Control Self-Assessment (RCSA) process
- Communication skills
- Analytical thinking
- Problem-solving capabilities
- Managing multiple priorities
Location
- 30 Hudson Yards - New York, New York. 10001
Work Type
- Hybrid work schedule
- On-site
Experience Level
- 5+ years of Compliance experience
- 2+ years of experience supporting compliance with Consolidated Audit Trail (CAT) reporting
Salary/Compensations
- $143,000.00 - $224,000.00
Benefits
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
About the Company
- Employees 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.
- Wells Fargo maintains a drug free workplace.
- Third-Party recordings are prohibited unless authorized by Wells Fargo.
- Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
Equal Opportunity
- Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
- Applicants with Disabilities: To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.