Compliance Specialist

$63,600 - $113,000/Yr

Wells Fargo - Minneapolis, MN

Full-time - Mid Level

Minneapolis, MN

10,001+ employees

Credit Intermediation and Related Activities

About the position

Wells Fargo is seeking a Compliance Specialist in Corporate Risk as part of the Commercial Banking Regulatory Compliance Function. This role involves providing governance and oversight for U.S. bank regulatory compliance programs, ensuring adherence to banking laws and regulations, and implementing compliance policies and standards. The Compliance Specialist will support the oversight and monitoring of compliance programs, provide guidance on risk standards, and collaborate with various teams to manage compliance-related decisions and initiatives.

Responsibilities

• Support the oversight and monitoring of a risk-based compliance program.
• Provide guidance on risk standards and programs to drive compliance with federal, state, agency, legal and regulatory requirements.
• Oversee the Front Line's execution and challenge compliance-related decisions appropriately.
• Provide support in developing and overseeing compliance standards with business knowledge.
• Provide compliance risk insight and support projects and initiatives with low to moderate risk.
• Support the reporting, escalation, and timely remediation of compliance issues and deficiencies.
• Provide direction to the business on developing corrective action plans and managing regulatory change.
• Support and implement initiatives with low to moderate risk.
• Interact with team to support risk oversight and monitoring.
• Research and advise on new regulatory requirements.
• Identify and recommend opportunities for process improvement and risk control development.
• Establish and maintain effective relationships with various teams.
• Make decisions and resolve issues to meet business objectives.
• Interpret policies, procedures, and compliance requirements.
• Collaborate and consult with peers, colleagues, and managers to resolve issues.

Requirements

• 2+ years of Compliance experience or equivalent work experience, training, military experience, or education.
• Knowledge of Banking Deposit regulations and/or other regulations applicable to Commercial Banking.
• Understanding of operational risk, business operations, and processes and system controls.
• Proven experience quantifying and assessing risks and developing alternative solutions.
• Experience using Microsoft Office suite of products.
• Demonstrated interest/experience in data manipulation, reporting, data visualization, and/or data analytics.
• Strong analytic and/or process skills including manipulating data.
• Ability to identify issues, risk, and escalate appropriately.
• Self-motivated and able to adapt to a dynamic work environment with multiple priorities.

Nice-to-haves

• Experience in building partnerships and collaborating with peers and business leaders.

Benefits

• Caregiver leave
• Commuter assistance
• Dependent care reimbursement
• Disability insurance
• Health insurance
• Life insurance
• Paid time off
• 401(k) Plan
• Critical illness insurance
• Accident insurance
• Parental leave
• Critical caregiving leave
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement