Senior Compliance officer – EMEA Private Side Advisory Compliance

Wells Fargo provides middle market, large corporate and financial institution customers with a range of international solutions, including treasury management, credit, payments, financing, foreign exchange, and trade services. Wells Fargo operates from 42 countries and territories outside of the U.S., including branches in Beijing, Cayman Islands, Dubai International Financial Center (DIFC), Hong Kong, London, and Seoul.

Responsibilities:

Advisory

• Act as a trusted advisor to the EMEA Private Side businesses on all regulatory compliance issues in EMEA, focused primarily on conduct and governance requirements.
• Pro-actively manage conflicts and other conduct risks, advising business partners and Senior Management on how to manage such conflicts and risks.
• Work closely with the EMEA Control Group in ensuring information flows are managed and the appropriate segregations are in place.
• Timely and accurate regulatory advice concerning UK and US banking regulation impacting EMEA lines of business.
• Work with US Compliance partners to support the management of conflicts associated with the Wholesale businesses internationally.

Compliance Programme

• In conjunction with the EMEA Central Compliance team ensure there is a fit for purpose compliance programme designed to support the EMEA Private Side businesses, which is aligned to the Wells Fargo Regulatory Compliance Risk Management Policy “RCRMP”.
• Advise the EMEA Regulatory Development and Policy team on the drafting of policies and procedures and provide writing support where required.
• Recommend and act as an advocate for developing improved surveillance concerning the Private Side businesses and in general support the development of Conflicts of Interest identification and management in EMEA.
• Provide compliance expertise in identification of regulatory risks associated with the EMEA Private Side businesses, assessing controls and reporting on effectiveness of controls to ensure compliance with UK, EMEA and US regulatory and internal policy requirements.
• Advise the Regional Testing team on key risks and priorities for review.
• Provide Regulatory Compliance training where required to Private Side Team Members and act as an SME in respect of related Conduct issues within EMEA Regulatory Compliance.
• Assist in the management of internal, external audit and regulatory examinations.

Regulatory Development

• Advise the EMEA Private Side businesses on forthcoming regulation.
• Work with the Regulatory Development and Policy to enhance horizon scanning for the EMEA Private Side businesses.
• Act as an advocate & leader to ensure regulatory change programmes impacting the EMEA Private Side businesses are initiated.
• Support the implementation of regulatory change programmes that impact EMEA Private Side businesses.

Escalation and Management

• Identify critical partners and pro-actively develop relationships across Wells Fargo to ensure positive outcomes for the control environment impacting the EMEA Private Side businesses.
• Identify and offer strategic solutions to improve Regulatory Compliance for the EMEA Private Side businesses.
• Escalate issues concerning the EMEA Private Side businesses to Senior Management in EMEA.
• Prepare reporting for relevant Boards and Committees and present at those meetings where required.
• Work with the Senior Compliance Management in addressing any issues arising from FCA and other regulatory examinations concerning Conflicts of Interest and other regulatory issues associated within the EMEA Private Side businesses.
• Act as mentor to junior members of the Regulatory Compliance team.

Market Skills and Certifications

Skills/Experience Required

• Education / Experience – Educated to degree level, ideally with strong Regulatory Advisory or Regulatory Consulting background gained at a top tier investment bank or major consultancy firm ( private side investment banking / product knowledge is required).
• Regulatory knowledge – Good knowledge of UK regulation, including UK Takeover Panel.
• Product knowledge –Excellent knowledge of Private Side investment banking products, including M&A/Corporate Finance and Capital Markets.
• Global Outlook – Proven ability to work in global teams across multiple regions including EMEA.
• Team working and Leadership – proven track record of working collaboratively across multiple business lines and with stakeholders and colleagues at all levels but also of taking the lead as needs dictate. An ability to motivate team members for common progress is essential.
• Communication – excellent interpersonal, communication (written and presentation) skills.
• Drive – a self-starter who is proactive and with a demonstrated ability to drive through regulatory change