Job Description
About this role:
Wells Fargo is seeking a Senior Investment Risk Specialist...
In this role, you will:
• Provide oversight, guidance, risk assessment and credible challenge for bank fiduciary and asset management associated regulatory sources which include ERISA, Fiduciary Activities of National Banks (12 CFR +), Recordkeeping and Confirmation Requirements for Securities Transactions (12 CFR 12), and Broker Exceptions for Banks (Reg R);
• Conduct compliance risk assessments and work in conjunction with the testing and monitoring teams to perform testing and monitoring in accordance with regulatory expectations and best practices;
• Analyze new products and business activities and prepare analyses for senior management;
• Possess and demonstrate compliance expertise at an enterprise level;
• Participate in or lead cross-business initiatives to ensure successful implementation of applicable regulatory changes and other required action plans;
• Build strong partnerships and collaborate effectively with line of business compliance groups, enterprise risk, Law Department partners and regulatory authorities;
• Assist team members with ad hoc assignments;
• As appropriate, assist with the management of regulatory examinations and inquiries, and internal audits of assigned activities;
• Assist with the development of training materials;
• Help ensure identified deficiencies are promptly addressed and resolved;
• Help ensure proper and effective communication is in place, and develop additional reporting as necessary.
• Help monitor the regulatory environment and Wells Fargo's compliance position regarding assigned laws and regulations, and analyze on an on-going basis the regulatory requirements that are best managed through coordinated response;
• Communicate issues and new developments regarding assigned laws and regulations throughout the compliance community, as necessary; and
• Work with senior management, the legal department and other key constituencies to encourage, promote and enhance a culture that encourages ethical conduct and a commitment to compliance with applicable laws and regulations.
Required Qualifications:
• 7+ 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 7+ 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
• Strong organizational, multi-tasking, and prioritizing skills
• Ability to interact with all levels of an organization
Other Desired Qualifications:
• Deep understanding of the rules and regulations promulgated by the SEC, OCC and FRB;
• A graduate or higher qualification in business, accounting, finance, statistics, or economics
• Progress towards or achievement of Chartered Financial Analyst (CFA) certification
• Ability to multi-task and meet deadlines despite competing priorities;
• Ability to take initiative and work independently with minimal supervision in a structured environment
• Demonstrated ability to present and explain ideas in a coherent and consistent manner
• Ability to oversee an enterprise-wide program designed to achieve and ensure compliance with law and regulations related to assigned subject areas;
Job Expectations:
• Work Location: Bangalore/Hyderabad
• Shift Timings: 1:30 PM to 10:30 PM
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, ****** 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, ****** 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
Wells Fargo is seeking a Senior Investment Risk Specialist...
In this role, you will:
• Provide oversight, guidance, risk assessment and credible challenge for bank fiduciary and asset management associated regulatory sources which include ERISA, Fiduciary Activities of National Banks (12 CFR +), Recordkeeping and Confirmation Requirements for Securities Transactions (12 CFR 12), and Broker Exceptions for Banks (Reg R);
• Conduct compliance risk assessments and work in conjunction with the testing and monitoring teams to perform testing and monitoring in accordance with regulatory expectations and best practices;
• Analyze new products and business activities and prepare analyses for senior management;
• Possess and demonstrate compliance expertise at an enterprise level;
• Participate in or lead cross-business initiatives to ensure successful implementation of applicable regulatory changes and other required action plans;
• Build strong partnerships and collaborate effectively with line of business compliance groups, enterprise risk, Law Department partners and regulatory authorities;
• Assist team members with ad hoc assignments;
• As appropriate, assist with the management of regulatory examinations and inquiries, and internal audits of assigned activities;
• Assist with the development of training materials;
• Help ensure identified deficiencies are promptly addressed and resolved;
• Help ensure proper and effective communication is in place, and develop additional reporting as necessary.
• Help monitor the regulatory environment and Wells Fargo's compliance position regarding assigned laws and regulations, and analyze on an on-going basis the regulatory requirements that are best managed through coordinated response;
• Communicate issues and new developments regarding assigned laws and regulations throughout the compliance community, as necessary; and
• Work with senior management, the legal department and other key constituencies to encourage, promote and enhance a culture that encourages ethical conduct and a commitment to compliance with applicable laws and regulations.
Required Qualifications:
• 7+ 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 7+ 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
• Strong organizational, multi-tasking, and prioritizing skills
• Ability to interact with all levels of an organization
Other Desired Qualifications:
• Deep understanding of the rules and regulations promulgated by the SEC, OCC and FRB;
• A graduate or higher qualification in business, accounting, finance, statistics, or economics
• Progress towards or achievement of Chartered Financial Analyst (CFA) certification
• Ability to multi-task and meet deadlines despite competing priorities;
• Ability to take initiative and work independently with minimal supervision in a structured environment
• Demonstrated ability to present and explain ideas in a coherent and consistent manner
• Ability to oversee an enterprise-wide program designed to achieve and ensure compliance with law and regulations related to assigned subject areas;
Job Expectations:
• Work Location: Bangalore/Hyderabad
• Shift Timings: 1:30 PM to 10:30 PM
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, ****** 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, ****** 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
💡 Quick Summary
Seeking a career-building opportunity? The Senior Investment Risk Specialist position is now open for candidates interested in the Bank Jobs sector. This role in Bengaluru offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
