Wells Fargo Compliance Consultant 4 in Boston, Massachusetts

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.

This position is within Wealth Investment Management (WIM) / Wells Fargo Asset Management (WFAM). As a valued member of the WFAM Compliance team, the selected person will provide support for the WIM/WFAM investment business teams. The compliance consultant is responsible for ensuring that team members adhere to internal policies and procedures, key compliance programs and all relevant US/International regulatory requirements.

Primary Duties and Responsibilities:

Responsibilities include, but are not limited to:

  • Monitor investment teams adherence to client guidelines, internal parameters, and statutory requirements within trading-compliance system (i.e. Charles River | Bloomberg trading)

  • Research validity of flagged exceptions and escalate issues to ensure violations and warnings are addressed and resolved in a timely manner

  • Liaise with Portfolio Management, Trading, Relationship Managers, and Operations to review, interpret, design, and implement client mandates and regulatory restrictions

  • Provide initial review and ongoing interpretation of client account investment restrictions (i.e. Investment Management Agreements, Prospectuses, Statement of Additional Information, Private Placement Memorandums, etc.) to ensure restrictions are coded accurately, effectively, and optimally

  • Code, review, update and maintain the portfolio compliance system; work with the firm’s Information Technology group to optimize the compliance system and automate compliance processes

  • Ensure that effective controls are in place to meet federal laws and regulations and provide training, advice and education on how to comply with regulatory requirements and to monitor such compliance

  • US and International Regulatory Reporting

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 within Wells Fargo

Candidates must be able to work in one of the locations listed.

Required Qualifications:

  • 6+ 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; or 6+ years of IT systems security, business process management or financial services industry experience, of which 3+ years must include direct experience in compliance, operational risk management, or a combination of both

Desired Qualifications:

  • Advanced 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

How to Express Interest in This Job: Wells Fargo invites you to apply for this job at https://employment.wellsfargo.com/psc/PSEA/APPLICANTNW/HRMS/c/HRSHRAMFL.HRSCGSEARCHFL.GBL?Page=HRSAPPJBPST_FL&FOCUS=Applicant&SiteId=1&JobOpeningId=5449049&PostingSeq=1.

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.

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.