Compliance Consultant 4 - Equity Derivatives Compliance Officer

Wells Fargo - New York, NY

Job Description
Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume prior to submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as “Personal Cell” or “Cellular” in the contact information of your application.

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. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk.

The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.

The compliance consultant will be responsible for managing compliance risk, conducting surveillance, developing infrastructure and providing advisory support to the line of business (LOB) for all aspects of the regulatory and reputation risk in relevant product areas. LOB activities include listed options sales and trading, corporate derivatives origination, structured products sales, trading and origination, convertible bond sales and trading, and over-the-counter derivatives.

Responsibilities include:
Reviewing exception based surveillance reports to assess compliance with securities rules and regulations and Firm policies. Examples of relevant rules include but are not limited to Regulation SHO, FINRA and listed options order handling rules, Regulation NMS, trading ahead of market events, LOPR, option position limits, SEC Rule 15c3-5, trade reporting and frontrunning.
Provide real-time advisory services to covered business units.
Develop and implement compliance programs to enable LOB management to demonstrate to regulators the firm’s compliance with FINRA, SRO and SEC regulations.
Create and foster strong working relationships with other business support partners such as Legal, Operations, and Technology, and liaise with compliance teams working at affiliated entities.
Identify and advise on potential conflicts of interest and provide necessary interpretive guidance to senior business leadership.
Assist in the review of new products and initiatives.
Review sales communications and marketing materials.
Draft compliance policies and procedures.
Provide compliance training to relevant staff.
Maintain LOB surveillance and supervisory infrastructures.

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
3+ years of derivatives experience

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

Other Desired Qualifications
Strong product knowledge of listed and over-the-counter equity derivatives.
Strong understanding of the rules of main US options and stock exchanges.
Experience working within a trading environment
Must demonstrate flexibility, sound judgment, problem solving and analytical capabilities, and the ability to multi-task.
The ability to clearly communicate regulatory guidance in a fast paced environment to all levels of associates, including senior management.
Ability to analyze detailed, complex securities regulations and transactions

Street Address
NY-New York: 375 Park Ave - New York, NY


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.