Compliance Consultant 2 - Wholesale Regulatory Change Governance Consultant in New York, New York | DiversityInc Careers
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Compliance Consultant 2 - Wholesale Regulatory Change Governance Consultant

Job Description

It starts with you. Our goal is to attract, develop, retain and motivate the most talented people - those who care and who work together as partners across business units and functions.  We value and promote diversity and inclusion in every aspect of our business and at every level of our organization.

Corporate Risk provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, this 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.

This is an opportunity to join the Wholesale Group Risk Office (WGRO) as a Compliance Consultant.  The Compliance Consultant will work with Wholesale risk managers to provide guidance as well as credible challenge to ensure Wholesale meets its regulatory compliance risk management responsibilities related to risk identification and assessment.  The Compliance Consultant will be responsible for supporting the Wholesale Group Chief Compliance Officer’s responsibilities in the proposed Regulatory Change Governance Standards going into effect 1Q18.  The consultant, along with their Compliance Manager, will work closely and in strong partnership with various business lines, Corporate Compliance colleagues, subject matter experts in the GCCO and other risk disciplines to implement and refine the process of risk identification and assessment. The consultant also may assist in other regulatory projects or initiatives as needed.

Job Responsibilities:

  • Oversee reporting, remediation and resolution of Regulatory Change Updates and LOB dispositions in the regulatory change tracking tool, EARL, by Wholesale LOBs.
  • Assist in hosting bi-weekly meetings with LOB contacts and implement other oversight functions to assist with Regulatory Change Management Governance
  • Conduct appropriate risk-based impact analysis for applicability of regulatory changes to Wholesale business activities, processes, systems, etc.
  • Ensure action plans are completed by Wholesale LOBs to develop or enhance controls as needed with appropriate timelines and mitigate regulatory compliance risk
  • Work with the GCCO team on regulatory projects or initiatives throughout the year.

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through our many locations, ATMs, the internet ( and mobile banking. To learn more, Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.

Required Qualifications

  • 1+ year 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
  • 1+ year of experience in one or a combination of the following: additional compliance, additional operational risk management, IT systems security, business process management or financial services industry experience; or a BS/BA degree or higher in business or a related field

Desired Qualifications

  • Intermediate 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

Other Desired Qualifications
  • Strong organizational skills and demonstrated ability to adhere to strict deadlines in a fast paced environment
  • Proven ability to work as a member of a team
  • Ability to develop and maintain effective relationships and collaborate within and across business lines at all levels of the organization.
  • Ability to identify issues and ask challenging questions, to credibly challenge existing practices or protocols
  • Excellent track record of living organization’s Core Values.
  • Proven knowledge of operational risk, business operations, and processes and systems controls across a variety of complex financial services related businesses
  • Ability to effectively multitask and successfully work on several unrelated projects at the same time
  • Experience in articulation of risks both verbally and in writing to various levels of staff and management
  • Knowledge and familiarity with laws, regulations, rules or other regulatory requirements.
  • Knowledge of financial services or Wholesale related businesses.
  • Advanced Microsoft Office skills including Word, Excel, and PowerPoint
  • Wells Fargo Risk Management Systems such as SHRP – Issues Management, Regulatory Risk Assessment, RCSA
  • Results oriented and driven
  • Team Player


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.