Compliance Consultant 4 in San Antonio, Texas | DiversityInc Careers
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Compliance Consultant 4

Job Description

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investments, mortgage, and consumer and commercial finance through more than 8,300 locations, 13,000 ATMs, the internet ( and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 263,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. News, insights and perspective from Wells Fargo are also available at Wells Fargo Stories.

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

Enterprise Testing

Within Wells Fargo Compliance, this group provides an independent oversight function within the second line of defense, establishing and maintaining a consolidated Enterprise Testing function at the corporate level. They are responsible for developing a common methodology and standards, providing governance and oversight, executing testing; and conducting horizontal reviews. Testing and validation teams throughout corporate risk will be responsible for implementing the Enterprise Testing methodology and standards, and executing group-specific testing.

The Compliance Consultant 4 – Consumer Issue Validation is responsible for planning and performing validation activities (e.g., process adherence reviews, monitoring and testing) that independently evaluate the adequacy, comprehensiveness and effectiveness of corrective actions taken to address issues. He or she will be responsible for completing timely and high quality validation activities, as well as, for identifying issues, validation concerns, and observations, recommending corrective actions, presenting results of validation reviews, interfacing with key business partners, writing and editing reports, and tracking timely corrective actions.

Specific duties for this position include, but are not limited to:

  • Plan and perform timely and high quality compliance validation activities that independently evaluate the adequacy, comprehensiveness and effectiveness of corrective actions taken by WF businesses to address an issue or remediation.
  • Plan and perform performance of substantive testing as necessary to validate that corrective actions have adequately addressed issues in our scope of work (e.g., WFC identified issues).
  • Identify deficiencies and recommend solutions to complex issues.
  • Work with the businesses’ compliance risk management teams to agree on corrective actions to develop comprehensive and effective corrective action plans and strengthen both preventive and detective internal controls.
  • Identify deficiencies and recommend solutions to addressed validation concerns and observations noted.
  • Write reports or presentations that clearly articulate the results/conclusions of compliance validation activities and communicate to key stakeholders across the company.
  • Assist in investigating and reporting issues, as needed, conducting inquires, obtaining and reviewing necessary documents and interviewing personnel, as appropriate.
  • Assist on compliance projects, including training.
  • Work collaboratively with internal and external stakeholders.
  • Maintain an understanding of the Issue Management and Remediation Management Policies and the interconnectivity of its key components.
  • Maintain an understanding of business operations and regulatory guidance/expectations.
  • Provide compliance support and guidance during risk assessment processes and state of compliance reporting
  • Present results to the Enterprise Testing Management, key business professionals, and other senior executives.
  • As appropriate, assist with the management of regulatory examinations and internal audits of assigned activities.
  • Understand and ensure effectively application of corporate testing standards and procedures.
  • Work collaboratively across groups/LOBs and with other risk management teams.
  • Manages project teams and may provide guidance to less experienced consultants.
  • May directly manage 1-2 specialists/consultants.

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 work and influence successfully within a matrix environment and build effective business partnerships with all levels of team members
  • Ability to take initiative and work independently with minimal supervision in a structured environment
  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
  • Ability to articulate issues, risks, and proposed solutions to various levels of staff and management
  • Advanced Microsoft Office (Word, Excel, Outlook, PowerPoint, Access, and Project) skills

Other Desired Qualifications
  • 3+ years of Audit, testing, and validation experience.
  • Consumer Lending products and services experience.
  • Audit, Legal and/or Compliance responsibility over consumer credit products.
  • Experience in multiple areas of regulatory compliance risk and risks related to the consumer protection and general banking regulations of the OCC, FRB, CFPB and other federal, state and local regulations and laws.
  • Ability to assess risk and its upstream and downstream impacts, as well as, potential cross organizational impacts.
  • Virtual leadership experience with ability to effectively drive results and manage and build relationships with leaders and team members in a geographically dispersed and changing team environment.
  • Ability to evaluate the risk holistically and proactively through critical thinking.
  • Experience with risk systems preferable with Wells Fargo internal SHRP or ORIS.
  • Professional certification (e.g., CRCM, CIA).
  • SharePoint site management experience.
  • Bachelor’s, Master’s, or Law Degree preferred.

Job Expectations

  • Ability to travel up to 25% of the time

Street Address

AZ-Glendale: 9070 W Glendale Ave - Glendale, AZ
TX-SA-Downtown: 750 E Mulberry Ave - San Antonio, TX
TX-DAL-North Dallas: 14241 Dallas Parkway - Dallas, TX
NJ-Summit: 190 River Rd - Summit, NJ
NY-New York: 150 E 42nd St - New York, NY
SC-Fort Mill: 3480 State View Blvd - Fort Mill, SC
NC-Charlotte: 401 S Tryon St - Charlotte, NC
IA-Des Moines: 800 Walnut St - Des Moines, IA
MN-Minneapolis: 600 S 4th St - Minneapolis, MN


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.