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Senior Compliance Specialist

2 months ago


Tempe, Arizona, United States WELLS FARGO BANK Full time
About this Role

Wells Fargo is seeking a highly skilled Senior Compliance Specialist to join the Home Lending Compliance team. The ideal candidate will provide compliance oversight, monitoring, and challenge to Home Lending Servicing related areas.

Key Responsibilities
  • Provide oversight and monitoring of business group risk-based compliance programs.
  • Maintain compliance risk expertise and consulting for projects and initiatives with moderate to high risk, over multiple business lines.
  • 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.
  • Develop, oversee, and provide independent credible challenge to standards with subject matter expertise.
  • Provide direction to the business on developing corrective action plans and effectively managing regulatory change.
  • Report findings and make recommendations to management and appropriate committees.
  • Identify and recommend opportunities for process improvement and risk control development.
  • Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements.
  • Monitor the reporting, escalation, and timely remediation of issues, deficiencies or regulatory matters regarding compliance risk management
  • Oversee the Front Line's execution and challenges appropriately on compliance related decisions.
  • 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.
  • Work with complex business units, rules and regulations on moderate to high-risk compliance matters.
  • Interface with Audit, Legal, external agencies, and regulatory bodies on risk related topics
Requirements
  • 4+ years of Compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Preferred Qualifications
  • Working knowledge and expertise with mortgage servicing regulations
  • Experience with mortgage business processes, including default servicing
  • Experience executing and supporting risk management and compliance risk programs.
  • Experience managing engagements with regulators and auditors.
  • Understanding of banking risk and control systems and issue management processes.
  • Ability to communicate complex concepts in a clear, simplified manner to executive leadership and law department partners.
  • An active Certified Regulatory Compliance Manager (CRCM) designation.