lead Compliance officerThe Wells Fargo Foundation

About Wells Fargo India & Philippines is a critical component of Wells Fargo's strategy to leverage distinct advantages in doing business in a global environment. Wells Fargo India & Philippines is primarily an extension of the technology, operation About Wells Fargo India & Philippines is a critical component of Wells Fargo's strategy to leverage distinct advantages in doing business in a global environment. Wells Fargo India & Philippines is primarily an extension of the technology, operations, and corporate support teams of Wells Fargo. It engages in application development and support, testing, other technology functions, international operations, knowledge support, and middle and back-end banking process solutions for a wide spectrum of Wells Fargo's needs. It currently has offices in Bengaluru, Chennai, Hyderabad, and Manila. Department Overview The Compliance team is responsible for establishing, implementing and maintaining risk standards and programs to drive compliance with federal, state, agency, legal and regulatory and/or Corporate Policy requirements. As part of the Independent Risk Management function, Compliance oversees the Front Line's execution and challenges appropriately on compliance related decisions. Compliance Organization is accountable for providing independent risk management oversight for all Global Delivery related risk in India & Philippines (I&P). About the Role The function of this role is to provide a comprehensive and a holistic oversight/view of geographic risk while reporting the aggregated risk for I&P to Operations Leadership and applicable Business/Enterprise Function leadership. Compliance Officer will serve as a extension to Business Aligned Compliance Officers (BACO's) and provide oversight and governance support by engaging with the India & Philippines business owners & the Control teams In this role, you will: Provide oversight and monitoring of business group risk based compliance programs Maintain compliance risk expertise and consulting for projects and initiatives with moderate to high risk, over multiple business lines Establish, implement and maintain risk standards and programs to drive compliance with federal, state, agency, legal and regulatory and Corporate Policy requirements Oversee the Front Line's execution and challenges appropriately on compliance related decisions 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 Report findings and make recommendations to management and appropriate committees Identify and recommend opportunities for process improvement and risk control development Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements Monitor the reporting, escalation, and timely remediation of issues, deficiencies or regulatory matters regarding compliance risk management Oversee the Front Line's execution and challenges appropriately on compliance related decisions 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 and achieve goals Work with complex business units, rules and regulations on moderate to high risk compliance matters Interface with Audit, Legal, external agencies, and regulatory bodies on risk related topics Essential Qualifications: Must be a graduate of a 4 year degree preferably in the area of legal studies Candidates who passed the bar exams are highly preferred but not required Must have at least 10 years of experience in risk and compliance, preferably in the banking and financial services space. Familiarity of laws and regulations in Philippines relevant to Wells Fargo's banking activities. Some familiarity with U.S. banking and regulations Understanding of the general operation of international financial markets, international trade, and the conduct of business on a cross-border basis Understanding of the purpose and importance of effective regulatory oversight, risk management and corporate governance Knowledge of full service global financial institution, knowledge of financial products/services offered by Wells Fargo, including features and life-cycle and a general understanding of how these businesses operate, desirable Ability to identify Compliance and Operational Risks and advise on, promote, develop and implement suitable controls, policies and procedures to effectively monitor and mitigate those risks Ability to identify and advise management of changes in the regulatory and compliance environment and design and implement appropriate Compliance and Operational Risk solutions Experience of providing timely and prudent counsel and advice involving Compliance and Operational Risk issues and solutions Qualities of character to build and maintain strong relationships with key stakeholder groups, including senior management, Compliance and Operational Risk team members, internal auditors and regulators / examiners ability to influence stakeholders outside immediate area of control Excellent oral, presentation and written communication skills self-motivated confidence to communicate pro-actively and effectively with peers and senior management ability to manage to a set of deadlines and deliverables with limited supervision Must be willing to work in McKinley Hill, BGC, Taguig City Work hours is in late midshift/night shift 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.
Monster

Taguig City, Metro Manila
Permanent
Full-time