Compliance Consultant 4 - Wells Fargo Asset Management in San Francisco, California | DiversityInc Careers
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Compliance Consultant 4 - Wells Fargo Asset Management

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.

Let’s talk about building a rewarding career

  • You’ve got the passion. You’ve got the skills. Now you just need the right opportunity. At Wells Fargo, you’ll have the chance to join a team of intelligent and talented people who share the same values. Our diverse lines of business offer a world of opportunity to expand your capabilities and advance your career. We invest in our people and provide a supportive environment in which to learn and grow.
  • 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.

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified financial services company with $1.7 trillion in assets. Founded in 1852, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 locations, more than 12,500 ATMs, online (, and mobile devices. Wells Fargo has more than 265,000 team members in 36 countries across our approximately 90 businesses. Wells Fargo & Company was ranked No. 30 on Fortune’s 2015 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.

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

We offer the expertise of over 29 investment teams—each focused on specialized, niche portfolio management strategies—to meet the diverse needs of our clients. Collectively, they provide clients with a broad array of investment options across all major asset classes, including actively managed equity, fixed-income, liquidity, stable value, and alternative investments. Investment strategies are accessible through a variety of product structures, including institutional separate accounts, retail separately managed accounts, mutual funds (open-end, closed-end, variable trust), private funds (hedge funds, commingled investment vehicles, medium term note programs) and Luxembourg-domiciled funds (UCITS).

WFAM is seeking experienced compliance professionals to join the Compliance Reporting and Administration Team. This Team Member will be responsible for assisting the manager in building out a new Quality Assurance/Quality Control (QA/QC) program to provide oversight and challenge to first line compliance activities and to execute the Asset Management risk-based compliance program review activities to assure compliance with significant regulatory requirements (i.e. SEC, FINRA, OCC, Fed) as well as corporate policies, including compliance with Regulatory Compliance Management Policy and Procedures, the SHRP Standards, and other corporate standards. This person in this position will assist the manager of the team in designing and developing compliance review activities, strategies, and methodologies, and will consult with senior compliance and business management on compliance policies, procedures, and controls for the respective business/functional area. This person will also be responsible for planning, conducting fieldwork and drafting written reports for issues identified during the QA/QC review, and ensuring the issues are escalated, addressed and validated appropriately. In addition, they will participate in other projects (as needed) impacting the WFAM Compliance Team such as working with compliance and business management to facilitate the distribution and dispositioning of Major Compliance Requirements, and conducting targeted compliance reviews. Successful candidates will have demonstrated the ability to apply critical thinking talents to make independent assessments, articulate recommendations, and defend conclusions.

Primary Responsibilities

The Team Member will be responsible for executing the Asset Management risk-based compliance program review activities across all lines of businesses within Wells Fargo Asset Management. As a member of the WFAM Compliance Reporting and Administration Team, specific duties include, but are not limited to:

  • Assisting manager to build out a Compliance QA/QC assurance program
  • Planning, conducting field work and drafting written reports for assigned QA/QC reviews
  • Communicating, escalating, addressing and validating appropriately all issues identified during QA/QC review
  • Developing and maintaining a thorough understanding of the Wells Fargo Enterprise Compliance Framework and the interconnectivity of its key components and applicability to WFAM’s lines of business
  • Utilizing project management skills to lead and manage compliance projects, as needed
  • Serving as a Compliance conduit across WFAM, Wealth and Investment Management (WIM), and Enterprise Compliance; working collaboratively across all groups, including interfacing with the Wells Fargo corporate central resources team
  • Performing targeted compliance reviews, as needed
  • Maintaining an understanding of WFAM’s business operations and regulatory guidance/expectations.
  • Developing expertise of Wells Fargo proprietary systems (SHRP) as well as Compliance Strategic Activities database.
  • Other duties as assigned

Preferred location Boston, other locations in consideration include San Francisco, CA; Charlotte, NC; and Menomonee Falls, WI. Please note no travel needed in this role.

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
  • Project management experience
  • SharePoint experience
  • Ability to take initiative and work independently with minimal supervision in a structured environment
  • Knowledge and understanding of mutual fund or investment industry
  • Knowledge and understanding of regulatory reporting: Federal Reserve, OCC, and SEC
  • Strong collaboration and partnering skills
  • Exposure to Wells Fargo s Shared Risk Platform (SHRP)

Other Desired Qualifications
  • Previous audit, QA/QC or compliance testing experience (206(4)-7 and 38a-1) highly desired.
  • Ability to recognize and identify issues, articulate relevant factors, and evaluate & develop alternative solutions
  • 3+ years’ compliance experience with regulations as they pertain to a Registered Investment Advisor (Investment Company Act of 1940, Advisors Act, ERISA, etc.) strongly preferred
  • Knowledge or familiarity with the WIM organization or knowledge of broker-dealer and/or trust/fiduciary environments

Street Address

MA-Boston: 200 Berkeley St - Boston, MA
WI-Menomonee Falls: 100 Heritage Reserve - Menomonee Falls, WI
CA-SF-Financial District: 525 Market St - San Francisco, CA
NC-Charlotte: 401 S Tryon St - Charlotte, NC


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.