Compliance Consultant 4 in Charlotte, North Carolina | DiversityInc Careers
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Compliance Consultant 4

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. We focus on three key risk areas: credit risk, operational risk and market risk. We help our management and Board of Directors identify and monitor risks that may affect multiple lines of business, and take appropriate action when business activities exceed the risk tolerance of the company.

Wells Fargo Compliance is the company’s compliance second line of defense function, providing company-wide leadership, standards, support, and independent oversight to ensure that all business groups abide by applicable laws, rules, regulations and regulatory guidance (regulatory requirements), meet compliance responsibilities, and manage compliance risks. Wells Fargo Compliance credibly challenges management decisions, business processes and activities, and evaluates and assesses adherence to applicable regulatory requirements. It provides appropriate analysis, reporting, and escalation to senior management and the Board of Directors, sets minimum standards for the company, and gives advice, guidance, and support for compliance risk management activities across the enterprise.

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 Wealth Investment Management Testing & Validation (WIM T&V) team is looking for a Compliance Consultant 4 to support the Retirement lines of businesses under WIM. This position will support the WIM T&V team in control testing, validation reviews, and special projects.

This position includes the following primary responsibilities:

  • Lead, and as needed assist with the execution, of regulatory (MCR) and business process risk management (BPRM) testing programs to assure compliance with, policy, regulatory requirements and adhere to corporate T&V Standards
  • Design test scripts and identify accurate and complete populations for testing
  • Evaluate the adequacy and effectiveness of policies, procedures, processes, and internal controls
  • Evaluate and rate control design and performance
  • Work with complex business units and provide compliance and operational risk expertise for testing programs to identify and mitigate regulatory and bank policy risk in business activities
  • Consult with business to effectively manage change in ensuring adequate corrective actions are in place to ensure regulatory and policy compliance
  • Provide guidance to other consultants
  • Participate in quality reviews of review activity reports, work papers and supporting documents, and system data
  • Take on additional special projects and responsibilities as needed

Location: Charlotte, NC and Minneapolis, MN are preferred; however other locations across the Wells Fargo footprint may be considered

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.

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

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
  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
  • Ability to develop partnerships and collaborate with other business and functional areas
  • Ability to take initiative and work independently with minimal supervision in a structured environment
  • Ability to communicate effectively, in both written and verbal formats, with senior executive-level leaders
  • Outstanding problem solving and decision making skills
  • Ability to work effectively in virtual environment where key team members and partners are in various time zones and locations
  • A BS/BA degree or higher in accounting, finance, or economics

Other Desired Qualifications
  • 3 + years experience in testing to evaluate the effectiveness of controls (may include audit, compliance, internal control, or other related testing)
  • Knowledge of Employee Retirement Income Security (ERISA) and fiduciary regulations
  • Knowledge of securities industry and asset management principles
  • Certified Internal Auditor (CIA), Certified Retirement Services Professional (CRSP), Certified Fiduciary and Investment Risk Specialist (CFIRS), Certified Securities Operation Professional (CSOP)
  • Working knowledge of Institutional Retirement & Trust and Trust Operations business lines
  • Knowledge and experience with SEI Trust 3000 and WySTAR
  • Experience with SHRP, BIKE, and other operational risk applications
  • Ability to quickly learn new systems, applications, and technologies
  • Ability to identify issues, risk and escalate to the appropriate party

Job Expectations

  • Ability to travel up to 25% of the time


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.