At a Glance
- Tasks: Lead compliance and operational risk strategies for international transaction processing and fraud management.
- Company: Join Wells Fargo, a global leader in financial services with a commitment to integrity.
- Benefits: Competitive salary, diverse work culture, and opportunities for professional growth.
- Other info: Work collaboratively with senior stakeholders and drive impactful change.
- Why this job: Be at the forefront of risk management in a dynamic international environment.
- Qualifications: Experience in compliance or operational risk, with strong analytical and communication skills.
The predicted salary is between 70000 - 90000 £ per year.
Wells Fargo is seeking an experienced dynamic and pragmatic Senior Compliance & Operational Risk Specialist (Senior Assistant Vice President) to join the International Horizontal Aligned Compliance and Operational Risk (HACOR) team. Based in United Kingdom or Ireland, the role provides independent oversight, challenge and advisory support on International Transaction Processing & Execution and Fraud horizontal risks in relation to compliance and operational risk matters. International scope includes Wells Fargo EMEA, APAC, and Americas legal entities and related compliance / operational risk requirements.
The role operates within a highly matrixed global environment requiring close engagement with relevant Enterprise Risk Type and Operational Risk Business Oversight (ORBO) teams, regional and enterprise front-line teams, International Business Aligned Compliance and Operational Risk (BACOR) and Legal Entity Compliance and Operational Risk (LECOR) teams.
As a part of Wells Fargo’s second line of defence and Independent Risk Management team, covers jobs responsible for establishing, implementing, and maintaining risk standards and programs to ensure compliance with federal, state, agency, legal, regulatory, and Corporate Policy requirements, while also providing governance, oversight, and credible challenge of operational risk exposures and risk management practices arising from inadequate or failed internal processes, people, systems, or external events.
In this role, you will:
- Operate as the International Subject Matter Expert (SME) and trusted advisor for senior management and stakeholders with a primary focus on Transaction Processing & Execution and Fraud horizontal risks, supported by a strong understanding of Investment Banking and Products.
- Provide technical regulatory compliance and operational risk advice and challenge to stakeholders on horizontal risks, including but not limited to regional and enterprise front-line teams, International BACOR and LECOR teams.
- Establish effective engagement with Enterprise Risk Type and ORBO teams to ensure enterprise horizontal risks impacting International are understood and appropriately assessed.
- Ensure effective International horizontal risk management and compliance with firm policies, leveraging a good understanding of Transaction Processing & Execution and Fraud frameworks, controls, and governance.
- Support change implementation, leveraging a good understanding of the International Transaction Processing & Execution and Fraud risk regulatory environment.
- Work with Enterprise Risk Type and ORBO teams to build the International horizontal risk profile and ensure adequate legal entity oversight in compliance with regulatory requirements.
- Utilise AI tools to identify and manage risk and drive data-driven risk outcomes with senior stakeholders.
- Provide timely and relevant horizontal risk profile insights across teams, legal entities, and lines of business.
- Proactively identify emerging horizontal risk concerns and work with stakeholders to ensure timely and appropriate resolution.
- Demonstrate collaboration and influencing skills across senior stakeholders with proven ability to manage multiple priorities effectively with a risk manager mindset.
- Drive efficiency and actively seek opportunities for process improvements, focusing on areas of heightened risk.
- Provide thought leadership on continuous enhancement opportunities.
- Establish, implement and maintain Compliance & Operational 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 & Operational Risk related decisions.
- Provide oversight and monitoring of Compliance & Operational Risk based programs.
- Develop and oversee standards.
- Provide subject matter expertise with comprehensive knowledge of business and functional area.
- Provide Compliance & Operational Risk expertise and consulting for projects and initiatives with moderate risk for a business line or functional area.
- Monitor reporting, escalation, and timely remediation of issues, deficiencies or regulatory matters regarding Compliance & Operational Risk management.
- Provide direction to the business on developing corrective action plans and effectively managing regulatory change.
- Report findings and make recommendations to management appropriate committees.
- Interpret policies, procedures, and Compliance & Operational Risk 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 risk compliance and operational risk matters.
- Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and Compliance & Operational Risk requirements.
Technical skills:
- Extensive experience in Compliance and/or Operational Risk at leading international financial services firm(s).
- Technical knowledge of Transaction Processing & Execution and Fraud risks and practical business impact.
- Good understanding of operational risk management frameworks, in particular horizontal risk management, with exposure to Transaction Processing & Execution and Fraud risk management and metrics.
- Strong experience designing and executing advisory compliance and operational risk programs, including business line relevant regulatory change management, risk identification and assessment processes, issue management, new product/business review, complaint handling, monitoring and reporting, policy development and training.
- Clear understanding of the market and regulatory environment in which Wells Fargo International operates, including relevant sectors, countries, products, and clients.
- Deep understanding of the ever-evolving governance and regulatory environments as well as industry and operational risk and compliance risk-related best practices.
- Strong analytical, critical thinking and problem-solving skills, with the ability to connect complex topics and formulate data driven risk outcomes.
- Able to communicate effectively and confidently, orally and in writing at all levels of the organization, and capable of distilling complex processes in concise and simple ways.
Required Qualifications:
- Experience in Compliance, Operational Risk, or equivalent demonstrated through one or a combination of the following: work experience, training, education.
Values:
- Client Focus - demonstrates clear understanding of importance of effective customer service (internal and external clients).
- Trust - demonstrates high standards of integrity and openness.
- Teamwork - demonstrates ability to work effectively as a member of a team, a collaborative style and understands the value of diversity.
- Outperformance - regularly exceeds the expectations of others and the role.
Core Competencies:
- Change Leadership - continuously seeking (or encouraging others to seek) opportunities for different and innovative approaches to addressing organizational problems and opportunities and transforming a function.
- Global Acumen - developing and incorporating an understanding of the competitive global business environment as well as an awareness of economic, social, and political trends that impact Wells Fargo's global strategy.
- Developing Strategic Relationships - using appropriate interpersonal styles and communication methods to influence, collaborate and build effective relationships with senior business partners.
- Client Orientation - cultivating strategic client relationships and ensuring that the client perspective is the driving force behind all value-added business activities.
- Driving Execution - translating strategy into operational reality. Breaking down strategic priorities or business initiatives into key tasks and identifying accountabilities. Aligning communication, people, culture, processes, resources, and systems to ensure effective implementation and delivery of required results.
We Value Equal Opportunity. Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
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.
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.
Applicants with Disabilities: To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.
Drug and Alcohol Policy: Wells Fargo maintains a drug free workplace.
International Horizontal Aligned Compliance & Operational Risk – Transaction Processing & Execution and Fraud Risks in London employer: WELLS FARGO BANK
Wells Fargo is an exceptional employer that prioritises employee growth and development, offering a dynamic work culture that fosters collaboration and innovation across the EMEA, APAC, and Canada regions. With a strong commitment to operational resilience and a focus on building robust customer relationships, employees are empowered to make impactful decisions while enjoying comprehensive benefits and support for work-life balance. The company's dedication to diversity and inclusion ensures a welcoming environment where all voices are valued, making it an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land International Horizontal Aligned Compliance & Operational Risk – Transaction Processing & Execution and Fraud Risks in London
✨Join Compliance Communities
Get involved in compliance and risk communities — both online and offline. Look for forums, LinkedIn groups, or even local meetups where compliance pros hang out. You never know who might drop a job opportunity your way!
✨Attend Industry Conferences
Keep an eye out for compliance and risk management conferences and workshops in your area. These events are a goldmine for networking, and they often have job boards or recruiters on-site looking for new talent. Plus, it’s a chance to learn what's trending in the field.
✨Leverage Your University Career Services
If you’ve recently graduated or are still studying, head over to your university's career services. Many companies, including those in compliance, actively recruit fresh talent through these services, so make sure you tap into that resource.
✨Showcase Your Knowledge Online
Start writing articles or blog posts about compliance topics that interest you. Share them on platforms like LinkedIn to demonstrate your knowledge and passion. This not only builds your presence in the field but can also catch the attention of companies like WELLS FARGO BANK looking for candidates who are engaged and informed.
We think you need these skills to ace International Horizontal Aligned Compliance & Operational Risk – Transaction Processing & Execution and Fraud Risks in London
Some tips for your application 🫡
Show Your Understanding of Compliance:In the compliance-risk field, it's super important to showcase your understanding of regulations and risk management frameworks. Highlight any relevant coursework, certifications (like ICA or AML), or even projects that demonstrate your knowledge and commitment to this area. We want to see how you can navigate this complex landscape!
Quantify Your Achievements:When detailing your experience, try to quantify your achievements. For example, if you've previously worked on a project that improved compliance metrics or reduced risk exposure, give us the numbers! This data-driven approach really stands out to hiring managers in compliance-risk roles.
Tailor Your CV to Reflect Relevant Skills:Make sure your CV highlights skills that are particularly relevant to compliance, like attention to detail, analytical thinking, and report writing. Ensure these are easy to spot – consider using bullet points to break down your responsibilities and achievements for maximum impact!
Craft a Motivating Cover Letter:In your cover letter, let us know why you’re excited about the compliance-risk role at WELLS FARGO BANK. Share what motivates you about compliance, and how you believe you can contribute to our mission. This is your chance to showcase not only your skills but also your passion for this important field!
How to prepare for a job interview at WELLS FARGO BANK
✨Master the Regulations
Brush up on key compliance regulations relevant to the industry you're applying to. Familiarising yourself with specific laws and frameworks used in your field will give you an edge during technical questions. Show that you’re not just aware of them but can also apply them—think real-life scenarios!
✨Show Your Analytical Skills
Compliance roles really focus on analytical skills, so be prepared for case studies or situational questions during the interview. We've got to demonstrate how we approach risk assessments or compliance audits, possibly drawing on examples from past experiences or university projects. Bring some thoughtful case scenarios to discuss!
✨Know Your Tools
Get comfortable with commonly used compliance software and tools. Familiarity with platforms like RSA or MetricStream can really impress during your interview, as it shows you're ready to hit the ground running. If you’ve had any experience with them, make sure to highlight that!
✨Align with Company Culture
Since it's a full-time position, show your long-term commitment and interest in the company’s mission and values. Dive into how your ethics and professional philosophy align with WELLS FARGO BANK’s stance on compliance. A shared vision can really resonate with interviewers looking for fit as much as skill!
