Compliance Consultant

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investments, mortgage, and consumer and commercial finance through 8,050 locations, 13,000 ATMs, the internet (wellsfargo.com), and mobile banking, and has offices in 38 countries and territories to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 26 on Fortune's 2018 rankings of America's largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories

Be part of the Wells Fargo Compliance function in Singapore and provide comprehensive local Compliance support to business lines including but not limited to Securities, Foreign Exchange, Wealth Investment Management and Commercial Distribution Finance. Responsibilities include:

  • Assist in developing, implementing and maintaining an effective Compliance risk management infrastructure in Singapore to accommodate applicable legal and regulatory requirements and Wells Fargo enterprise or line of business policies with a view to identifying, assessing and mitigating compliance and operational risks
  • Assist in implementing and administering Compliance Risk control systems and procedures and monitoring programs for Wells Fargo's activities in Singapore; discussing findings or issues and remedial action with business line, legal entity and enterprise management; undertaking ad hoc issue escalation and periodic reporting to management
  • Providing comprehensive Compliance advisory support for current and new or modified business initiatives and in any development, integration or rationalization of activities in Singapore
  • Assisting Wells Fargo in Singapore meet all local or U.S. legal and regulatory requirements and Wells Fargo enterprise and business line standards and requirements
  • Interacting with regulatory authorities with respect to meetings, inquiries, regulatory changes, licensing, ongoing conduct and reporting requirements, and new or modified business initiatives; leading the local response to Compliance Risk monitoring and testing initiatives, internal audits and external regulatory exams
  • Disseminating information concerning regulatory developments impacting Wells Fargo in Singapore, with necessary interpretation and impact assessment; developing and delivering local Compliance training to enhance awareness and knowledge of applicable laws and regulatory requirements and Wells Fargo enterprise or business line policies and procedures

Market Skills and Certifications
  • Relevant university degree and minimum of8 years of relevant experience gained in an international financial centre. Legal or regulatory background viewed favorably
  • Excellent knowledge of securities laws and regulations in Singapore including Securities and Futures Act and Financial Advisers Act. Some familiarity with U.S. banking, securities and bank holding company laws and regulations is desirable
  • Some understanding of the general operation of international financial markets, international trade, and the conduct of business on a cross-border basis
  • Some understanding of the purpose and importance of effective regulatory oversight, risk management and corporate governance
  • Some understanding of full service global financial institution, knowledge of financial products/services offered by Wells Fargo, including features and life-cycle and a general understanding of how these businesses operate, desirable
  • Ability to identify Compliance risk and advise on, promote, develop and implement suitable controls, policies and procedures to effectively monitor and mitigate those risks
  • Ability to identify and advise management of changes in the regulatory and compliance environment and design and implement appropriate Compliance solutions
  • Experience of providing timely and prudent counsel and advice involving Compliance issues and solutions
  • Qualities of character to build and maintain strong relationships with key stakeholder groups, including senior management, Compliance team members, internal auditors and regulators / examiners; ability to influence stakeholders outside immediate area of control
  • Excellent oral, presentation and written communication skills; self-motivated; confidence to communicate pro-actively and effectively with peers and senior management; ability to manage to a set of deadlines and deliverables with limited supervision



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