Compliance Senior Associate-UDAAP Assessment Lead

Company: Wells Fargo
Location: Irving
Posted on: November 18, 2021

Job Description:

Job DescriptionImportant Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. -In order to receive text message invitations, your profile must include a mobile phone number designated as "Personal Cell" or "Cellular" in the contact information of your application. -At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.As the company's second line of defense, Corporate Risk - or Independent Risk Management - provides independent oversight of risk-taking activities. Independent Risk Management establishes and maintains Wells Fargo's risk management program and provides oversight, including challenges to and independent assessment of, the frontline's execution of its risk management responsibilities. We manage risk according to the Risk Management Framework and ensure all employees understand their individual accountability for managing risk. Corporate Risk roles depend on a variety of skills, including: Data analysis and synthesis, root cause analysis, change management, process management & execution, risk governance, risk strategy, risk identification & assessment, risk prevention, controls & mitigation, risk monitoring, reporting & escalation, risk systems & technology.The Compliance Senior Associate on the UDAAP Risk Assessment team will be responsible for performing UDAAP assessments of products services and processes across the enterprise as part of a risk-based, independent, enterprise wide UDAAP assessment program to ensure compliance with federal and state UDAAP / UDAP standards. This requires a thorough examination of products, services and processes across the enterprise, including the largest, most complex and high risk business areas. This program will align with the enterprise UDAAP assessment program.

• Conduct a significant number of ongoing, thorough assessments of products, services and processes across the enterprise to assess UDAAP risk and identify specific areas of corrective action.
• Making key decisions guided by broad enterprise policies and objectives and guidance from compliance leadership, and coordinating activities across multiple businesses and risk areas, involving multiple systems and operating platforms.
• Responsibility for issue management and follow up, and working with businesses to communicate results and recommendations, as well as monitoring issues in enterprise systems of record (i.e. SHRP, RANBI).
• Working closely with UDAAP Program Compliance Officers, as well as compliance and risk partners across the enterprise to perform assessments and address areas of identified risk.
• Assisting in maintaining relationships with key regulators and examiners to identify and influence areas of focus for UDAAP assessments.
• Effectively managing change and creating a culture of "compliance awareness" where all team members share in accountability.This position requires a high degree of compliance and UDAAP expertise, as well as extensive knowledge of banking and financial services. Requires exceptional communication skills and will involve interaction with executive leaders, senior management, the Legal Department, Internal Audit, and cross-functional teams to identify UDAAP risks and manage related issues. Must have a high degree of operational skill to manage support for multiple assessments with challenging deadlines.Please note: Based on the volume of applications received, this job posting may be removed prior to the indicated close date. If you do not apply prior to the closing of this posting, we encourage you to apply for other opportunities with Wells Fargo. -Required Qualifications
  • 5+ years of experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) or 5+ years of financial services industry experience, of which 3+ years must include direct experience in risk managementDesired Qualifications
    • A BS/BA degree or higher
    • Experience successfully escalating complex issues and tracking follow-through to completion
    • Experience communicating in both written and verbal formats with senior executive-level leaders
    • Experience developing improvement processes and implementation strategies
    • Ability to articulate complex concepts in a clear manner
    • Excellent verbal, written, and interpersonal communication skills
    • Strong analytical skills with high attention to detail and accuracyOther Desired Qualifications
      • Experience with UDAAP
      • Advanced PowerPoint and Excel skills
      • Leadership skills including the ability to influence effectively in a matrix environment
      • Experience assessing products, services and processes to determine risk -
      • Issue Management Experience
      • Risk Assessment experience
      • Experience utilizing multiple systems of record, such as SHRP or RANBI, or comparable external platforms
      • Experience in a testing or audit function
      • Highly organized with the ability to manage multiple initiatives simultaneously -Job Expectations
        • Ability to travel up to 5% of the time
        • Must pass a validated writing assessment
        • Willingness to work on-site at stated location on the job openingSalary InformationThe salary range displayed below is based on a Full-time 40 hour a week schedule.NC-Charlotte: Min: $80,500 Mid: $115,000TX-Irving: Min: $80,500 Mid: $115,000IA-West Des Moines: Min: $80,500 Mid: $115,000MN-Minneapolis: Min: $80,500 Mid: $115,000AZ-Tempe: Min: $80,500 Mid: $115,000MO-Saint Louis: Min: $80,500 Mid: $115,000Disclaimer
          All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.Relevant military experience is considered for veterans and transitioning service men and women.Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.Benefits SummaryBenefits -Visit -for benefits information.

Keywords: Wells Fargo, Irving , Compliance Senior Associate-UDAAP Assessment Lead, Accounting, Auditing , Irving, Texas