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About this role:
Wells Fargo is seeking a Compliance Specialist in Equity Aggregation Compliance team within the Corporate and Investment Banking business. Learn more about the career areas and lines of business at wellsfargojobs.com .
Equity Aggregation Compliance is responsible for overseeing compliance with global rules and regulations relating to Wells Fargo & Co.'s enterprise ownership levels in securities, including large shareholder rules, takeover panel and takeover bid rules, compliance and ownership limits. Equity Aggregation Compliance monitors position levels, prevents hard limits are not breached, and files necessary disclosure reports with regulators. In addition, Equity Aggregation Compliance works with management to determine firm-wide exposure to issuers as required for representational and business purposes.
Primary Duties and Responsibilities: The Americas Equity Aggregation Compliance Consultant will support the Americas Equity Aggregation Lead by assisting with the implementation and maintenance of a comprehensive compliance program that will (1) maintain a robust monitoring and reporting program for Americas equity aggregation regulations; (2) review and disposition daily alerts for threshold monitoring (3) complete preclearance trade requests; (4) draft and disseminate issuer requests in collaboration with Line of Business (LOB) Compliance (5) develop relationships with LOB Compliance, LOB Legal and Control Room; and (6) review, validate and reconcile equity positions across the Enterprise.
The Equity Aggregation Compliance Consultant will be responsible for monitoring, reviewing and analyzing Wells Fargo & Co. and its subsidiaries' ownership in public equities for the following reporting obligations: • U.S. large shareholder disclosures (SEC Form 13F, SEC Schedule 13D/G, Section 16); • Canada and Latin America large shareholder disclosures; • Americas sensitive industry monitoring and reporting, including State-specific limits and reporting requirements; • Issuer position requests; • U.S. poison pill reviews; and • Certain Investment Company Act of 1940 requirements, including Section 17.
In this role, you will:
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
Support the oversight or monitoring of a risk-based compliance program
Provide support in developing and overseeing standards with some business and functional knowledge
Provide compliance risk insight and support projects and initiatives with low to moderate risk for a business line or functional area
Work with a business unit, a defined set of rules and regulations on low to moderate risk compliance matters
Support the reporting, escalation, and timely remediation of issues, deficiencies or regulatory matters regarding compliance risk management
Provide direction to the business on developing corrective action plans and effectively managing regulatory change
Provide support in reporting findings and drafting recommendations to management
Support and implement initiatives with low to moderate risk
Interact with team to support risk oversight and monitoring
Manage and ensure accuracy of data
Troubleshoot system issues to determine root cause
Research and implement new regulatory rules and manage other Registration Team related projects
Identify and recommend opportunities for process improvement and risk control development
Establish and maintain effective relationships with various teams
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
Interact with internal customers
Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements
Required Qualifications, US:
2+ years of Compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Required Qualifications, International:
Experience in Compliance, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Strong analytical skills with high attention to detail and accuracy
- Expertise in developing reporting solutions in Tableau, Power BI, or other business intelligence tools - Direct experience in performing complex database queries, analyzing and summarizing data - Experience in working in or closely with a technical organization, including exposure to data modeling, reporting, analytics, and application design, validation and testing - Understanding of public traded equities, either through education or job experience - Understanding of Agile principles for Project Management - Experience with JIRA • Advanced Microsoft Office Skills with a strong knowledge of Excel for solving data review, pivot tables and v-lookups. • Ability to execute in a fast paced environment and meet deadlines. • JD, MBA or Series 7 preferred.
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.
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
www.wellsfargo.com | Twitter: @WellsFargo