APAC Conduct Risk & Compliance Senior Officer APAC Conduct Risk & Compliance Senior Officer …

Wells Fargo
in Hong Kong
Permanent, Full time
Last application, 22 Jun 21
Competitive
Wells Fargo
in Hong Kong
Permanent, Full time
Last application, 22 Jun 21
Competitive
Posted by:
Joveo Posting • Recruiter
Posted by:
Joveo Posting
Recruiter
As the regional conduct risk lead, participate in the Enterprise Conduct Risk working groups as the primarily representative for Regional Compliance Establish and maintain a conduct risk management oversight program in APAC, leveraging the enterprise approach where possible, and ensure any local regulatory requirements and expectations are incorporated into the program Provide advisory support to branch, entity or representative office compliance officers as they oversee local execution of conduct risk management activities in compliance with any relevant local conduct-related regulatory requirements.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Market Job Description

Responsibilities include:

  • As the regional conduct risk lead, participate in the Enterprise Conduct Risk working groups as the primarily representative for Regional Compliance
  • Establish and maintain a conduct risk management oversight program in APAC, leveraging the enterprise approach where possible, and ensure any local regulatory requirements and expectations are incorporated into the program 
  • Work in partnership with Regional Control and other relevant stakeholders to develop regional standards and procedures designed to implement the relevant conduct risk management activities 
  • Provide advisory support to branch, entity or representative office compliance officers as they oversee local execution of conduct risk management activities in compliance with any relevant local conduct-related regulatory requirements or expectations
  • Engage in ongoing communications with APAC stakeholders, particularly APAC Compliance management and APAC senior management, on the status of the Conduct Risk Program, escalating issues where required
  • Active participation in industry forums on conduct risk across APAC, and advise regional leadership of relevant industry trends and emerging risks

Risk Reporting 

In consultation with Compliance management, develop risk based conduct risk related reporting per the Compliance Program Policy and associated requirements

Regulatory Awareness 

  • The APAC Conduct & Compliance Senior Officer will be a member of the APAC Regulatory Development Forum, and will actively participate in the forum in order to ensure relevant conduct risk regulatory developments, supported by APAC Compliance team members, are reflected in Wells Fargo's internal system of record, where appropriate 
  • Maintains an up-to-date and informed understanding of conduct risk regulatory developments and their impact to Wells Fargo's business activities in the APAC region

Internal Investigations

  • Support APAC Compliance management with undertaking conduct-related internal investigations, partnering with other functional teams as necessary

 

Market Skills and Certifications

  • Relevant university degree and a minimum of ten years of relevant experience gained in an international financial center. Legal and regulatory background viewed favorably 
  • Relevant professional certifications or qualifications (e.g., legal, compliance, project management, risk management)
  • Good general knowledge of banking laws and regulations in Asia, particularly those relating to conduct and regulatory compliance. Some familiarity with US banking and bank holding company laws and regulations is desirable 
  • Excellent understanding of the operation of international financial markets and the purpose and importance of effective regulatory oversight, risk management and corporate governance 
  • Good understanding of full service global financial institution and knowledge of financial products is desirable 
  • Proven track record of working collaboratively across multiple lines of business and with stakeholders and colleagues at all levels, but also capable of taking the lead as needs dictate. An ability to motivate team members for common progress is essential
  • Excellent oral, presentation and written communication skills; confidence to communicate proactively and effectively with peers and senior management
  • Ability to work independently with minimal direction in a highly matrixed, fast-paced environment

 

We Value Diversity

At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.

Team members 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.

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