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About the Role

This role provides second-line compliance oversight for the Futures Commission Merchant (FCM) activities of Wells Fargo Securities, LLC, ensuring compliance with evolving regulatory requirements and serving as a trusted advisor to business leadership.

Responsibilities

• Provide second-line compliance oversight of Wells Fargo Securities' Futures Commission Merchant (FCM) activities.
• Execute and enhance the FCM compliance program, including risk assessments, monitoring, governance, reporting, and risk management frameworks.
• Advise business partners on FCM regulatory requirements, business initiatives, and compliance risks.
• Provide independent oversight and credible challenge of business activities and compliance risk management practices.
• Monitor, escalate, and support the remediation of compliance issues, regulatory matters, and control deficiencies.
• Interpret applicable regulations and internal policies, providing guidance to business and control partners.
• Partner with Front Line, Risk, Legal, Audit, and other stakeholders to identify and manage compliance risks.
• Support regulatory examinations, inquiries, and interactions with futures exchanges and regulatory agencies.
• Prepare compliance reporting for senior management and governance committees, including the annual Chief Compliance Officer Report.
• Oversee compliance risks associated with futures trading, clearing, regulatory reporting, position limits, and customer protection requirements.
• Develop and maintain compliance training and educational content.

Requirements

• 5+ years of Compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
• Willingness to work on-site at stated location.
• This position is not eligible for Visa sponsorship.
• Subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check.
• Internal transfers are subject to compliance with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification.
• Successful candidates must also 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.
• 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.

Skills

• Deep knowledge of FCM regulatory regimes including, but not limited to the CFTC, NFA, CME and associated compliance risk management programs.
• Compliance advisory experience supporting FCM business, trading, clearing, and operational activities.
• Experience interfacing with regulators and exchanges on matters involving a clearing FCM.
• Experience executing enterprise compliance programs and implementing regulatory change initiatives.
• Deep understanding of FCM regulatory reporting, segregation requirements, and position limit frameworks.
• Organizational courage and willingness to make tough, informed decisions and thoughtfully share independent perspectives.
• Strong written and verbal communication skills, with the ability to ask insightful questions, present ideas clearly and persuasively, and foster collaboration across teams.
• An ability to develop and articulate sound proposals to key stakeholders, and an ability to influence and drive timely decision-making.
• Proven ability to cultivate relationships and collaborate with multiple stakeholders and constituencies, including business leaders, legal, audit and multiple U.S. and non-U.S. regulators.
• Knowledge of futures, options on futures, and cleared derivatives products.
• Demonstrated ability to influence senior stakeholders and drive sound risk management outcomes in a complex regulatory environment.

Location

• 30 Hudson Yards - New York, New York. 10001

Work Type

• Hybrid work schedule

Experience Level

• Lead

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.
• Applicants with Disabilities To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.
• Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

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.