Compliance Consultant 4 - WIM T&V

Wells Fargo - Minneapolis, MN


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.

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 and Investment Management Testing & Validation (WIM T&V), under Enterprise Testing, is seeking an experienced compliance or audit professional to join the Team. The Compliance Consultant 4 role will be responsible for control testing to ensure compliance with regulatory requirements and corporate policies applicable to Wealth Management and Abbot Downing, including compliance with the Regulatory Compliance Risk Management Policy and Procedures as well as the Independent Monitoring, Testing and Validation Standards. Experience in testing and/or compliance consulting is needed for this position.

This position reports to a WIM T&V Manager.

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

Lead, design, and develop testing strategies and methodologies for the WIM Testing & Validation program to assure compliance with regulatory and operational risks as well as corporate policies, including compliance with the Operational Risk and Compliance Testing and Validation Standards, the SHRP Standard, and applicable portions of the Issue Management Policy.
Execute group-specific control testing in accordance with T&V methodology and standards, including assessments of design and operating effectiveness.
Lead and/or participate on reviews of varied complexity and regulatory risk exposure.
Evaluate the adequacy and effectiveness of policies, procedures, initiatives, and internal controls
Thoroughly document test work and compliance activity reports.
Identify issues and responsibility to communicate/consult with various levels of management to ensure corrective actions address root cause and meet corporate sustainability requirements.
Maintain authoritative knowledge and full understanding of laws and regulations, regulatory guidance, policy and procedure concerning all compliance functions reviewed.
Testing practices may include: regulatory control testing, operational control testing, and corrective action validations.

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

Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
Ability to work effectively in a virtual team environment
An active Certified Regulatory Compliance Manager (CRCM) designation
Certified Internal Auditor (CIA)
Chartered Financial Analyst (CFA) or Certified Public Accountant (CPA)
A BS/BA degree or higher in business, finance, or economics
Ability to interact with all levels of an organization
Advanced Microsoft Office skills
Excellent verbal, written, and interpersonal communication skills
Strong analytical skills with high attention to detail and accuracy

Other Desired Qualifications
Experience leading, testing, or auditing regulations or requirements tied directly to banking regulations strongly preferred
3 years of direct/formal experience conducting control testing or audit functions
Broad Testing or Audit experience within a single role that covers multi processes, or multi-functions
Demonstrated ability to think independently and bring credible challenge to the risk management status quo, and provide credible challenge while leading through influence
Demonstrated capability of exercising independent judgment, critical decision-making, staying organized, and managing multiple priorities and deadlines strongly preferred
Ability to communicate complex issues in a credible and convincing manner.
Critical Thinking and Analytical Skills
Experience in Audit, Compliance, Risk, and Testing

Street Address
IA-Des Moines: 666 Walnut St - Des Moines, IA
CA-SF-Financial District: 333 Market St - San Francisco, CA
MN-Minneapolis: 600 S 4th St - Minneapolis, MN
NY-New York: 150 E 42nd St - New York, NY
MO-Saint Louis: 1 N Jefferson Ave - Saint Louis, MO
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.