lacklandafb | Compliance Consultant 3 in Minneapolis, MN

Compliance Consultant 3

  • Wells Fargo
  • $124,230.00 - 124,230.00 / Year *
  • 3720 Bloomington Ave
  • Minneapolis, MN 55407
  • Full-Time
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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 independent risk management function, providing company-wide leadership, standards, support, and independent oversight to ensure that all front-line 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.

The Third Party Compliance Oversight team is responsible for oversight of Third Party oversight laws, rules and regulations that affect or impact more than one line of business (LOB). This newly created team works closely with other Wells Fargo Compliance functions and enterprise risk partners.

This Compliance Consultant 3 position will be responsible for developing, implementing and monitoring risk-based compliance programs to assure Third Parties comply with federal, state, agency, legal and regulatory requirements. Responsibilities will include the following : works with complex business units and provides compliance risk expertise and consulting for projects and initiatives with high risk to identify and mitigate regulatory risk in all business activities; designs and develops compliance testing strategies and methodologies; evaluates the adequacy and effectiveness of policies, procedures, processes, initiatives, products and internal controls and identifies issues resulting from internal and/or external compliance examinations; may conduct on-site assessments of Third Parties; consults with business to develop corrective action plans and effectively manage change to ensure regulatory compliance; identifies training opportunities; designs/coordinates the development of training materials; delivers or coordinates training delivery; reports findings and recommendations to senior management; and manages and/or coordinates production of periodic compliance performance reports for the Third Party Compliance Oversight group, including trend analysis and recommended strategies.

Specific Job Responsibilities will include:

  • Overseeing the laws, rules and regulations concerning Third Parties that affect or impact more than one LOB
  • Manage document requests from internal and external stakeholders
  • Maintaining an awareness of Third Party oversight regulatory requirements
  • Assuring Enterprise TPRM program compliance with applicable regulatory and internal policy requirements
  • Assuring lines of business adherence to TPRM program requirements
  • Appropriately identifying, escalating and addressing issues, when necessary
  • Providing oversight, guidance and credible challenge for assigned regulatory compliance risk management activities
  • Maintaining an understanding of Major Requirements in light of changes in the internal and external regulatory environment, in consultation with the Law Department
  • Providing credible challenge to TPRM regulatory compliance risk management activities by performing consistent, enterprise-wide horizontal reviews of the associated activities (e.g., risk assessment and analyses, policies, procedures, and corrective actions)
  • Performing enterprise assessments of assigned regulations as required
  • Using Corporate Risk tools and reporting to conduct risk analysis
  • Participating in or leading cross-business initiatives to ensure successful implementation of applicable regulatory changes or other required action plans
  • Building strong partnerships and collaborating effectively with TPRM, Group Third Party Officers, Corporate Risk, Law Department partners and regulatory authorities

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

  • 2+ 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
  • 2+ years of experience in one or a combination of the following: additional compliance, additional operational risk management, IT systems security, business process management or financial services industry experience; or a BS/BA degree or higher in business or a related field

Desired Qualifications

  • Intermediate 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
  • Third party service provider risk experience
  • Knowledge and understanding of regulatory compliance requirements surrounding the financial services industry
  • Knowledge and understanding of audit methodologies and tools that support audit processes
  • Ability to work and influence successfully within a matrix environment and build effective business partnerships with all levels of team members
  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
  • Ability to track and monitor project progress, identify project and process gaps, recommend controls and communicate progress to business leaders

Job Expectations

  • Ability to travel up to 70% of the time

Street Address

NC-Charlotte: 401 S Tryon St - Charlotte, NC
MN-Minneapolis: 600 S 4th St - Minneapolis, MN
TX-DAL-Downtown Dallas: 1445 Ross Ave - Dallas, TX
IA-West Des Moines: 7001 Westown Pkwy - West Des Moines, IA


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.

Associated topics: attorney, attorney corporate, compliance, compliance department, corporate attorney, counsel, internal, legal, llp, market

* The salary listed in the header is an estimate based on salary data for similar jobs in the same area. Salary or compensation data found in the job description is accurate.