Senior Lead Compliance Officer - Client Money & Transaction Reporting

at  Wells Fargo

About this role:
Join our growing global bank where collaboration and empowerment are at the heart of everything we do. As a senior leader within EMEA Compliance, you’ll be instrumental in guiding our regional Operations team to effectively manage compliance risks. Your expertise will be key in overseeing critical regulatory processes like Client Money (CASS), T+1 and EMIR transaction reporting (TR), and Client On-boarding (COB).
In this role, you’ll take the lead in developing and maintaining processes to spot and reduce compliance risks across our diverse operations. Using your deep knowledge of key operations and regulations, you’ll help ensure our compliance framework stays strong and effective, supporting our commitment to excellence.
This senior role within EMEA Compliance is to enable the EMEA regional Operations team to manage compliance risk associated with the activities they perform, and to provide subject matter expertise in providing second line oversight across the firm for the following key regulatory processes; Client money (CASS), T+1 and EMIR transaction reporting (TR) & Client On-boarding (COB).

In this role, you will:

• Provide senior leadership in developing and maintaining processes to identify compliance risk across the broad array of operations processes, requiring an in-depth understanding of key operations processes and regulations that align to these processes.
• Be the face of Compliance to senior leadership in Operations and other areas across the firm by representing Compliance in various governance forums, as well as through day-to-day interaction, and in doing so, build strong relationships with senior management and be identified as key risk partner.
• Provide subject matter expertise (SME) across CASS, TR & COB, providing a comprehensive understanding of these complex regulations and how they apply to a broad array of businesses within the firm. Become a trusted partner with key stakeholders across Operations, Legal and Regulatory Affairs, as well as front line teams in the business, COO and controls teams.
• Fulfil the SME role, and in the broader oversight of compliance risk, you will; play a senior role in maintaining regional and enterprise policies and how they apply to Operations; develop and maintain required compliance training; provide review and challenge across operations related audits, issue management and new business initiatives; play a key role in risk reviews and assessments; and to perform key monitoring activities relating to CASS, TR & COB, as well as providing senior leadership in interacting with other areas of Compliance in understanding how Operations interacts with broader business & compliance risks.
• Play a key senior role in assessing any incidents particularly relating to CASS, TR and COB and to partner with leadership in assessing regulatory impact and risk. Assist leadership and key partners in making any necessary regulatory filings.
• Review and challenge of operations generated risk reports, inclusive of compliance risk, as inputs into front-line management and risk and control committee decision-making. In addition, Compliance provides periodic and, as needed, ad hoc reporting to applicable management committees, and senior management regarding the overall compliance risk profile, material and emerging compliance risk, and other compliance risk measures.

Required Qualifications:

• Experience in Compliance, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
• Educated to degree level ideally with auditing / legal or strong Regulatory Advisory or Regulatory Consulting background gained at a top tier wholesale bank or major consultancy firm (i.e., banking / product knowledge is required).
• Regulatory knowledge - Extensive knowledge of regulations relating to Client money protections, T+1 and EMIR transaction reporting & Client On-boarding are essential, along with good knowledge of broader UK / EMEA regulatory environment including financial market and conduct related regulations. Working knowledge of US requirements would also be beneficial.
• Product knowledge -Strong knowledge of securities and derivatives and how they are executed.
• Global Outlook - proven ability to work in global teams across multiple regions including EMEA & APAC.
• 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.
• IT literate - Strong understanding of Microsoft products is essential, with need to analyse data efficiently through spreadsheets or other tools and use of technology for improving the regulatory control environment.

APPLICANTS WITH DISABILITIES

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

• Provide senior leadership in developing and maintaining processes to identify compliance risk across the broad array of operations processes, requiring an in-depth understanding of key operations processes and regulations that align to these processes.
• Be the face of Compliance to senior leadership in Operations and other areas across the firm by representing Compliance in various governance forums, as well as through day-to-day interaction, and in doing so, build strong relationships with senior management and be identified as key risk partner.
• Provide subject matter expertise (SME) across CASS, TR & COB, providing a comprehensive understanding of these complex regulations and how they apply to a broad array of businesses within the firm. Become a trusted partner with key stakeholders across Operations, Legal and Regulatory Affairs, as well as front line teams in the business, COO and controls teams.
• Fulfil the SME role, and in the broader oversight of compliance risk, you will; play a senior role in maintaining regional and enterprise policies and how they apply to Operations; develop and maintain required compliance training; provide review and challenge across operations related audits, issue management and new business initiatives; play a key role in risk reviews and assessments; and to perform key monitoring activities relating to CASS, TR & COB, as well as providing senior leadership in interacting with other areas of Compliance in understanding how Operations interacts with broader business & compliance risks.
• Play a key senior role in assessing any incidents particularly relating to CASS, TR and COB and to partner with leadership in assessing regulatory impact and risk. Assist leadership and key partners in making any necessary regulatory filings.
• Review and challenge of operations generated risk reports, inclusive of compliance risk, as inputs into front-line management and risk and control committee decision-making. In addition, Compliance provides periodic and, as needed, ad hoc reporting to applicable management committees, and senior management regarding the overall compliance risk profile, material and emerging compliance risk, and other compliance risk measures