About this role:
Wells Fargo is seeking a Compliance Director to lead the team in Hyderabad that performs activities covering the Global Compliance Control Group, and Information Barrier and Personal Account Dealing Surveillance, outside activity pre-clearance, equity aggregation, insurance licensing and registration. The Candidate will focus on overseeing the effective and consistent execution of these teams second line of defense. These teams are part of the broader Enterprise Compliance Operations (ECO) and Conduct Risk team.
About the Enterprise Compliance Operations Team:
Enterprise Compliance Operations (ECO) is a team comprised of several underlying teams which are highly operational in nature and are responsible for overseeing and implementing enterprise-wide compliance policies and procedures. Those teams include the Global Compliance Control Group (Control Room) including information barrier/personal investment policy surveillance, Personal Account Dealing Team, Equity Aggregation Team, Registration and Licensing teams. These compliance operations teams cover lines of business and enterprise functions globally as they relate to the underlying team responsibilities.
In this role, you will:
- Manage and lead team with the implementation of the companywide compliance program with high risk complexity
- Manage and develop the execution and challenges on compliance related decisions
- Direct and oversee complex regulatory environments including establishing standards
- Oversee the Front Line's execution and challenges appropriately on compliance related decisions
- Manage an aspect of the companywide compliance program for a business group or functional area with moderate risk and complexity, or oversee and monitor specific elements of the companywide compliance program
- Provide compliance risk and regulatory subject matter expertise for a defined set of moderate risk compliance program elements
- Recommend opportunities for process improvement and risk control development
- Identify reporting, escalation, timely remediation of issues and deficiencies or regulatory matters regarding compliance risk management
- Make decisions and resolve issues to meet business objectives
- Interpret policies, procedures, and compliance requirements
- Interface and foster relationships with corporate, business leaders, Legal, Audit, regulators, and industry partners on risk related topics
- Lead team to achieve objectives
- Manage allocation of people and financial resources for Compliance
- Develop and guide a culture of talent development to meet business objectives and strategy
Required Qualifications:
- 8+ years of Compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 4+ years of management or leadership experience
Desired Qualifications:
- Experience managing some or all of the following compliance teams: global Control Group teams (Control Room), Personal Account Trading, trade surveillance, outside activities, equity aggregation (large shareholder monitoring and reporting), insurance licensing and registration.
- Experience overseeing the implementation of a large strategic technology book of work. Focus on Global Control Group preferable
- Knowledge and understanding of compliance practices and methodologies, including risk assessment, monitoring, and testing activities, regulatory change
- Experience developing or enhancing programs that seek to address business or regulatory changes affecting current processes within an organization
- Experience building or maintaining key relationships across departments and functions, and establishing a culture of engagement
- Proven ability to positively and creatively influence change and champion critical change initiatives; help others to anticipate and manage through change
- Ability to work in a highly complex organization and influence the outcomes of decisions to ensure the most appropriate risk posture in a rapidly changing environment
- Ability to think beyond the risks today and those related to immediate activities, and to look at the risks associated with emerging technologies, capabilities and activities that could drive risks we have not previously managed
- Ability to create new policy, guidance, and/or guardrails in areas where there is no roadmap, rules, or previous foundation to rely upon
- Professional maturity and confidence in expressing a point of view with senior management
- Proven ability to share lessons learned and best practices across an organization
- Experience in project management, including the development of overall project objectives, deliverables, and strategies; identification of dependencies; and maintenance of ongoing documentation supporting project status, including core risks and obstacles.
- Extensively influences and negotiates with senior management, executive sponsors, and other key
- Anticipates emerging issues and develops strategies to meet business needs
Job Expectations:
Candidate will report directly to the Head of India and Philippines Compliance and have a functional dotted line to the Compliance Executive for Enterprise Compliance Operations and Conduct Risk and will work in close collaboration across and within the ECO and Conduct Risk leadership team to help achieve the teams strategic objectives and goals.
Specific duties for this position include, but are not limited to:
- Build and retain high performing teams to assist the Candidate in achieving ECO teams strategic objectives and goals.
- Work closely with Compliance Program Strategy, Planning & Governance, and other Enterprise Risk Program owners to evaluate technology needs and identify technology solutions to support target state.
- Oversee the continued implementation of the Compliance Framework to minimize the risks associated with a highly operational compliance teams with global footprint covering most businesses, and high compliance and regulatory risk processes
- Drive the harmonization and rationalization of applicable compliance policies and procedures across the Teams
- Lead the build out of the Teams key risk and key performance indicators (KRIs and KPIs) and supervisory controls
- Partner with the Compliance Technology and Project Management Office to help identify and track the current manual controls that will become automated through the implementation of the IT strategic book of work
- Offer solutions and recommendations on how to simplify the Teams processes, improve the control framework, and assist in implementing those ideas to help achieve operational excellence and minimize compliance and regulatory risk
- Assist in driving the harmonization and rationalization of applicable compliance policies and procedures across the ECO teams and ensure timely updates pursuant to Risk Policy requirements
- Provide direct input into the ECO teams periodic Compliance Management Reporting to the Chief Compliance Officer for Compliance Risk Committee
- Ensure appropriate and timely identification and escalation of issues and emerging risks
- Oversee and credibly challenge the reporting, escalation and timely remediation of compliance-related issues
- Lead and actively participate as a key member of the ECO and Conduct Risk leadership team and India & Philippines Compliance Leadership meetings
