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Lead Compliance Officer (Hybrid)

Wells Fargo
Dublin, Ireland
Posted 13 days ago Permanent Competitive
See job description for details
About this role:

Wells Fargo is seeking a Lead Compliance Officer.

Central Bank of Ireland's Fitness and Probity Regime

This position is designated as a Controlled Function 2 ( CF-2) role under Part 3 of the Central Bank Reform Act 2010 (sections 20 and 22) and as such is subject to the Central Bank of Ireland's Fitness and Probity Regime. Individuals who perform a CF role must have a level of fitness and probity appropriate to the performance of that particular function and must comply with WFBI's Fitness and Probity policy.

A team member who performs a CF-2 role ensures, controls or monitors compliance by WFBI with our relevant obligations.

(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:
  • Utilizing thorough knowledge of Irish and EU Wholesale Banking and Securities Markets practices, rules and regulations, as well as industry best practices to enhance and implement the WFBI compliance framework and to contribute regulatory advice on new business initiatives and regulatory obligations;
  • Primary responsibility for managing all aspects of Compliance function's deliverables into new business authorization and permissions initiatives, including advising the business on impact of regulatory change on products or services;
  • Developing and implementing a risk based compliance program to assure compliance with legal and regulatory requirements, with emphasis on wholesale banking and securities markets products and services;
  • Creating and implementing Compliance policies and procedures and periodically evaluate their effectiveness.
  • Executing associated risk based Compliance monitoring and reporting/escalating as required through Compliance management and legal entity and line of business reporting;
  • Develop and maintain key working relationships with key stakeholders across the 1st and 2nd line of defense;
  • Representing the Compliance function at key projects and steering committees.
  • Providing relevant input on Compliance training material such as Compliance Induction Training and business specific regulatory themes and topics, along with the delivery of that training through face to face facilitation and e-learning;
  • Participating in BPFI Working Groups on relevant compliance and regulatory issues;
  • Providing compliance support for regulatory exams /inspections, audit engagements, special projects and assignments;
  • Acting as primary Compliance owner of relevant regulatory requirements/obligations and their associated maintenance in the firm's system of record Shared Risk Platform (SHRP).
  • Carrying out such other duties as may reasonably be required.
  • Develop, oversee, and provide independent credible challenge to standards with subject matter expertise
  • Provide direction to the business on developing corrective action plans and effectively managing regulatory change
  • Interpret policies, procedures, and compliance requirements
Skills/Experience Required:
  • Compliance Experience - extensive experience in compliance, legal or other related control function within Financial Services preferably within a Credit Institution or MiFID Investment Firm;
  • Regulatory Knowledge - in depth knowledge of Irish and European financial services and regulatory framework (e.g. MiFID II, CRD, MAR, SFTR etc);
  • Analytical skills - highly analytical, creative, strategic thinking skills, including the ability to analyse complex business issues, identify key regulatory risks and utilize a pragmatic approach to assist the front line to design appropriate controls;
  • Communication - excellent interpersonal communication (written and presentation) skills are essential with an ability to liaise professionally and with diplomacy across all levels of the firm. A strong understanding of the demands of a regulatory license application would be advantageous;
  • Leadership - strong leadership skills with a view to motivating team members to achieve common goals, including senior team members, is essential;
  • Team working - proven track record of working collaboratively across multiple lines of business, support functions, and regional and international colleagues 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.
  • Flexibility /Initiative - ability to manage multiple requests for information and handle confidential and sensitive information in a professional manner in a fast paced deadline driven environment.
Desired Qualifications:
  • Related Tertiary level qualifications essential
We Value Diversity

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.

Job ID  R-207062
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