Compliance Consultant – APAC Representative offices
- Singapore Singapore Singapore SG
- Permanent, Full time
- Wells Fargo Bank
- 13 Apr 18 2018-04-13
Exciting opportunity to join our APAC Compliance team in Singapore!
About Wells Fargo: Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,500 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 273,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Part of APAC Compliance, the role covers compliance support responsibilities of all 8 APAC Representative offices spread in 7 countries, which mainly includes:-
•Guidance on compliance (regulatory and internal) and governance matters/ related information/ policies/ updates/ queries from time to time to rep offices;
•Representing and updating on APAC Compliance at Chief Reps governance meetings;
•Coverage in APAC Business Compliance Program/RCRM responsibilities including guidance to rep offices in the areas of regulatory liaison; regulatory meetings; regulatory examinations, regulatory updates including change of management from the Head Office in the U.S. where applicable;
•Advising on permissible activities, cross- sell/ marketing guidelines applicable to rep offices;
•Review of regulatory communications; applications; returns; and preparing responses/ follow ups with local regulators of rep offices;
•Supporting in the interpretation of regulatory updates/ changes to assess impact on rep offices and advising on action steps to be taken to ensure compliance;
•Review of Marketing material/ Travel monitoring requests concerning rep office locations;
•Undertaking and keeping up to date SHRP assessment of the APAC rep offices under APAC Region;
•Working closely with the APAC Compliance Office on rep office matters related to management reporting, policy and procedures revision, major requirements review and update, SHRP proponent roles for new and existing MRs.
•Supporting testing reviews of APAC rep offices in collaboration with APAC COO office
•Day to day compliance support for the rep offices including AML .
•Minimum 8 years’ working experience in a banking or financial services business
•Familiarity with working in a compliance or legal environment within a bank
•Strong communication skills, both written and verbal.
•Ability to quickly learn business processes, including Risk management/Compliance policies and procedures.
•High degree of initiative and strong ability to meet key responsibilities with limited direction and oversight.
•Strong relationship building, and collaboration skills; proven experience working directly with senior bank management, auditors and/or regulators.
•Good interpersonal skills and ability to deal effectively with senior management and staff at all levels.
•The ability to work unsupervised, participate in regional calls in non-office hours and meet tight deadlines.
•Strong organizational and time management skills, with the ability to manage multiple responsibilities and tasks simultaneously.
•Reliability, conscientiousness and ability to produce work of a high quality.
•Timely escalation of issues is expected
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.