About this role:

Wells Fargo is seeking a Lead Compliance Officer in Corporate Risk as part of Consumer Lending Shared Services Compliance. Learn more about the career areas and business areas at wellsfargojobs.com. This Lead Compliance Officer will assist the Compliance Director with developing, implementing, and monitoring risk-based compliance programs to assure compliance with federal, state, agency, legal and regulatory requirements for Consumer facing models. Compliance Risks in models, particularly Artificial Intelligence (AI)/ Machine Learning (ML) Models has been an area of increased regulatory scrutiny and this role will provide Compliance expertise and leadership to the Model governance team and function in the review of consumer facing models. Material regulations of focus are Fair Credit Reporting Act (Reg V) – specifically, the use of Consumer Report Information; Data Privacy Laws e.g., Graham Leach Bliley Act, California Consumer Privacy Act (CCPA); EU’s General Data Protection Regulation (GDPR). This role will be focused on Compliance risks only and will be adequately supported by team members on the model aspects.

In this role, you will:

Provide compliance expertise over in-scope consumer facing Models, which includes the review of the model to determine if there are FCRA or Data privacy concerns
Solicit feedback from Legal, Business Aligned Compliance Officers and Horizontal Compliance functions during the review of Models, if needed
Own, provide expertise into and lead conversations with experts to enhance Model review documentation
Lead Community of practice meetings to share best practices on model reviews with the Business Aligned Compliance Officer community
Provide day to day leadership to the India team that executes on the model reviews
Establish, implement, and maintain risk standards and programs to drive compliance over in-scope Models
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 (Model Developer / Owner) execution and challenges appropriately on compliance related decisions
Develop, oversee, and provide independent credible challenge to Compliance model review 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
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

Required Qualifications, US:

5+ years of Compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

Experience with the Fair Credit Reporting Act (Reg V) – specifically, the use of Consumer Report Information
Experience working with Data Privacy Laws e.g., Graham Leach Bliley Act, California Consumer Privacy Act (CCPA); EU’s General Data Protection Regulation (GDPR)
Ability to lead discussions with senior managers regarding potential enhancements to key program components and documents
Ability to collaborate across multiple stakeholders including business partners, other compliance groups, Audit, Legal, external agencies, and regulatory bodies
Experience executing on multiple risk initiatives while meeting deadlines in a high demand environment

Job Expectations:

This position offers a hybrid work schedule
This position is not eligible for Visa sponsorship

Job posting may come down early due to volume of applicants.

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, age, 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.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

Lead Compliance Officer

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