Compliance Specialist-4 - Hyderabad, India - Wells Fargo

Wells Fargo

Verified Company

Hyderabad, India

1 week ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

About this role:

Wells Fargo is seeking a Compliance Specialist...

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 riskbased 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 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:

B.Com, MBA or M.Com with 3 to 5 years of overall experience in Banking and Financial Services, of which minimum 2 years of experience in risk management (includes compliance, regulatory change management, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management).
Experience in Compliance, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.

Desired Qualifications:

Fluency in any of the foreign languages such as Chinese, Japanese, French, Spanish, and German would be an added advantage.
Expertise in technology data entry related to laws, rules and regulations
Ability to follow directions for using the SHRP Governance Management system (Archer platform)
Excellent verbal and written communication skills
Ability to articulate complex concepts in a clear manner
Advanced Microsoft Office skills
Good eye for detail and accuracy
Execution oriented, professional demeanor, selfstarter behavior and able to recognize opportunities for improvement in the business and to act on those opportunities.
Working knowledge on SharePoint would be an added advantage.

Job Expectations:

Create regulatory change alerts in the system of record
Create compliance change requests in the regulatory inventory tool
Perform citation research for various laws, rules and regulations applicable to Wells Fargo
Perform quality checks on the work performed by junior resources in the team
Engage with Quality Assurance, Vendor partners, Legal and Compliance teams to discuss key process updates and clarify questions
Coach and train junior resources in the team
Monitor process KPIs, metrics and support in timely execution of the deliverables as per the agreed quality standards and procedures
Assist process manager in driving process efficiencies.
Assist in keeping the process procedures up to date.

We Value Diversity

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.

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