Compliance Consultant 4 in Menomonee Falls, WI | 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.

We are looking for a strong compliance professional to be a critical member of Wells Fargo Asset Management’s (WFAM) Compliance team. The WFAM Compliance team provides compliance and risk management support to WFAM. As an independent risk management function, the WFAM Compliance team is responsible for regulatory compliance, providing general oversight, and among others, ensuring WFAM identifies and complies with policies and procedures, laws, rules, and regulations.

WFAM is part of Wealth and Investment Management (WIM), one of the company’s four main divisions. WIM businesses build enduring client relationships through sound, thoughtful and objective advice. We help our clients by developing individualized plans for everything from retirement goals to business succession planning, to family legacy intentions. Services include comprehensive planning and advice, investment management, brokerage, private banking, estate planning strategies, trust, insurance and both individual and institutional retirement.

Wells Fargo Asset Management brings together a strategic balance of investment capabilities to serve the investment needs of clients worldwide: institutions, financial advisors, and individuals.

As a valued member of the Compliance team, the selected candidate will provide support for the WFAM compliance and investment business teams. The compliance consultant is responsible for ensuring that team members adhere to internal policies and procedures, key compliance programs and all relevant US/International regulatory requirements.

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

  • Partner with Business and support functions within WFAM to enhance and develop compliance control.
  • US and International Regulatory oversight for Products.
  • New product and strategy review for impact to existing business and operational compliance controls. Collaborating closely with Business and Risk partners to enhance or create controls.
  • Develop oversight and monitoring procedures for new or changes to products or strategies.
  • Research new investment adviser developments in the industry, identify the impacts to the business, and recommend changes required to the compliance program. Assist manager with implementation of changes as appropriate.
  • Evaluate the adequacy and effectiveness of present and future policies, procedures, processes. Consult with the business to develop corrective action plans and effectively manage change to ensure regulatory compliance with communication requirements. Contribute to policy and procedure development and updates as necessary.
  • Responsible for assisting in the development, implementation and monitoring of a risk-based compliance program to assure compliance with federal, state, agency, legal and regulatory requirements.
  • Lead and manage projects with minimal supervision related to new products, regulations, or procedures for the Compliance team.
  • Exercise effective communication and promote positive relationships with business line team members and management.
  • Ensure that effective controls are in place to meet federal laws and regulations and provide training, advice and education on how to comply with regulatory requirements and to monitor such compliance.
  • Affiliated transactions and broker activity oversight and reporting.

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
  • A BS/BA degree or higher
  • Ability to work in a fast paced deadline driven environment
  • Ability to develop partnerships and collaborate with other business and functional areas
  • Outstanding problem solving and analytical skills with ability to turn findings into strategic imperatives
  • Experience creating, executing, and documenting compliance testing

Other Desired Qualifications
  • Demonstrated knowledge of operational investment management workflow and investment product vehicle structure as well as applicable regulatory requirements (e.g. SEC, ERISA, Investment Company Act, other federal laws, UCITS, and foreign regulatory laws)
  • Asset Management experience
  • Knowledge of third Party portfolio management and trading applications (Bloomberg, CRD, Markit, Tradeweb, ICE)
  • Experience with quantitative trading practices
  • Extensive knowledge of various asset types and financial instruments including characteristics, pricing methodology and market trade structure
  • Ability to identify and manage various conflicts of interest
  • Ability to understand processes end to end and make value-added recommendations to improve design and control structure
  • Demonstrated strategic/business consulting experience
  • Highly motivated self-starter able to be successful in a working environment that requires flexibility and independence with ambiguous situations and constant change to achieve desired outcome/objectives
  • Demonstrated ability to evaluate complex programs and initiatives and provide credible challenge to opportunities and concerns
  • Demonstrated experience with issue resolution including root cause analysis, mitigation plans and remediation activities
  • Strong time management and organizational skills with the ability to engage in multiple initiatives or projects simultaneously
  • Ability to develop and maintain strong interpersonal relationships and a highly effective network at all levels of the organization


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.