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At Wells Fargo, we want to satisfy our customers’ financial needs and help them succeed financially. We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience.Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.The PVSI Regulatory Control team is specifically responsible for identifying regulatory risk within Merchant Services (a division within Treasury, Merchant and Payment Solutions) and working through Regulatory SME to execute on regulatory risk through Issue, Corrective Action and Controls. This candidate will be responsible for identifying, managing, controlling, monitoring and escalating the specific regulatory risks within the PVSI businesses.This role serves as a single point of contact for both business aligned control and business aligned compliance teams. They will drive consistency on the interaction model for various types of regulatory risk engagements with the business and Independent Risk Management (IRM).Key Responsibilities/AccountabilitiesThis role will be responsible for identifying regulatory compliance risks. The candidate will be able to articulate and identify regulatory risk within Merchant Services business processes from end-to-end.Specific duties for this position include, but are not limited to:
Serve as a relationship manager between Business- Aligned Compliance and Business Aligned Control organizations
Responsible to facilitate the MCR dealing process including, attending the Compliance MR dealing meeting, getting feedback from applicable Regulatory SME and Business (via business-aligned control), challenging Compliance and confirming the final applicability.
Participate in business meetings as a regulatory control representative and provide regulatory research and follow-up activities as a result of discussions occurring in business meetings.
Develop and maintain centralized repository for Regulatory SME effort related to issue/corrective action, testing, audit, exams and regulatory risk reviews for business level dashboard and ad-hoc reporting
Provides business unit & sub-business unit level aggregate reporting and dashboards for business leaders on each of the business’ performance in managing regulatory risks.
Support the business on non-regulatory specific regulatory compliance activities as follows:
Business Process Management – Regulatory impact and Controls
Third Party Relationships regulatory reviews (CFL, CRRA, IRQ, etc.)
Business projects and Initiatives
Compliance Training assignments, needs analysis and content review
Design and implement processes to identify significant regulatory changes and communicate emerging regulatory risks to business units.
Design and deliver regulatory reporting and assessments across all business lines
Drive PVSI consistency through standards, playbooks, and procedures
Execute IRM regulatory program requirements
Required Qualifications:
10+ 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 10+ years of IT systems security, business process management or financial services industry experience, of which 5+ 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
Ability to articulate complex concepts in a clear manner
Ability to influence across all organizational levels, particularly senior management
Ability to travel up to 15% of the time
Job Expectations:
Ability to travel up to 15% of the time
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=HRSAPPJBPSTFL&FOCUS=Applicant&SiteId=1&JobOpeningId=5504841&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.
