About this role:
Wells Fargo has a new and exciting opportunity to join the Compliance function of its EU Credit Institution Wells Fargo Bank International UC (WFBI) in Dublin as a Compliance Specialist to support the wholesale banking and markets businesses.
Compliance is a second line of defense function that provides independent oversight and related advice and guidance to lines of business in relation to the identification applicable laws, rules, regulations, and regulatory guidance (regulatory requirements) and management of compliance risks across WFBI. Execution of the function's responsibilities includes credibly challenging management decisions, business processes and activities, and evaluating and assessing adherence to applicable regulatory requirements. It provides appropriate analysis, reporting, and escalation to senior management and the Board of Directors, on compliance risk issues and risk management activities across WFBI.
The Compliance Specialist role will be responsible for undertaking various activities that relate to the execution of the annual compliance plan. The responsibilities of the role will include assisting with regulatory change monitoring (horizon scanning), undertaking reg change impact assessments, maintenance of the firm's regulatory obligations inventory, co-ordinate (and in some cases carry out) compliance monitoring, and assist with Fitness & Probity / Individual Accountability Framework related implementation activities.
(Note: In addition to these functions employees are required to carry out such other duties as may reasonably be required.) In this role, you will be responsible for:
- Proactively reviewing multiple regulatory information sources identifying new regulatory developments that are applicable to WFBI lines of business with a primary focus on European Union (EU) Directives (and their associated implementing regulations and standards) and applicable Irish laws, rules and regulations;
- Assisting in determining whether regulatory developments will impact WFBI lines of business through securing an understanding of the prospective regulatory change, and liaising within key stakeholders across Compliance Advisory, Legal, Business Management and COO to complete these assessments;
- Maintenance of applicable EU and Irish regulatory requirements within the Wells Fargo regulatory obligation inventory;
- Coordinating and reporting on the compliance monitoring activities as outlined within the annual compliance plan across the WFBI Compliance function, and in some cases conduct monitoring as assigned.
- Executing certain activities with regard to aspects of the Fitness and Probity process for WFBI including overseeing the annual attestation and registration of Controlled Functions ('CF') and Pre-Approval Controlled Functions (PCFs') and appointment and resignations of PCFs. Assist with the implementation and execution of ongoing responsibilities related to the Individual Accountability Framework / Senior Executive Accountability Regime.
- Escalating compliance issues to the Chief Compliance Officer and where possible support in the resolution of all identified issues.
- Legal/Regulatory Development: Educated to degree level ideally with 3+ years experience in a top tier investment/wholesale banking and/or securities markets institution, or exposure to financial services regulation through Legal, Regulatory Advisory or Consulting firms;
- Regulatory Knowledge: Knowledge of EU/Irish financial services regulatory environment, and how these requirements apply to wholesale banking and markets business as well as associated products and services;
- Analytical skills: Stronganalytical, creative and strategic thinking skills, including the ability to analyse complex regulatory topics, identify key risks and controls and to utilize a pragmatic approach to resolve regulatory risk challenges;
- Communication: Excellent interpersonal, communication (written and presentation) skills and organisational abilities are essential with ability to liaise professionally and with diplomacy across all levels of the firm;
- Team work: Proven track record of working collaboratively across multiple lines of business, support functions or stakeholders, and taking the lead as needs dictate;
- Drive: A self-starter who is proactive and with a demonstrated ability to drive through multiple competing initiatives and prioritise effectively.
- Focus and Integrity: Ability to manage concurrent requests for information and handle confidential and sensitive information and issues in a professional and discreet manner in a fast-paced deadline driven environment;
- IT literate: Proficient with Microsoft Office suite with exceptional PowePoint skills an advantage. Able to understand or adapt to the use of technology for improving the regulatory control environment.
We Value Diversity
- Tertiary level qualifications in a Law, Finance or other related discipline essential
- ACOI qualification desirable but not essential
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.