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Lead Counsel - Bank Regulatory

Company: Wells Fargo
Location: Irving
Posted on: November 21, 2022

Job Description:

About this role: Wells Fargo is seeking a Lead Counsel for the Bank Regulatory & Public Affairs Section of the Regulatory & Risk Division of the Wells Fargo Legal Department. For additional information on this line of business, refer to the external Careers Site at Wellsfargo.com/career. The position is part of the Bank Regulatory Team and reports to the Counsel Executive for the Bank Regulatory and Public Affairs Section. The Bank Regulatory Team serves as a resource for the enterprise and advises on U.S. banking laws and regulations, including the impact on new and existing business. This Lead Counsel position will provide legal advice and counsel to Wells Fargo's lines of business and the lines of defense, including with respect to among other areas, the following: Federal Reserve Regulations K, O, W and Y; OCC regulations on branching, investment securities, lending limits, OREO/DPC and the Community Reinvestment Act; National Bank Act preemption; as well as new and proposed regulations issued by the bank regulatory agencies. The candidate will also support Wells Fargo's participation in various banking industry trade associations and assist in the development of comment letters and other advocacy on proposed legislation and regulations. In this role you will:

  • Research, analyze and advise on prudential banking laws and regulations (as well as related supervisory guidance) related to bank and bank holding company activities, organizational structure as well as safety and soundness standards (such as affiliate transactions, lending limits and similar requirements)
  • Assist in the preparation and filing of notices/applications to U.S. bank regulators
  • Analyze changes in legislation and regulations in these areas, and provide integrated legal advice and counsel on the implications of these changes on the company's operations and activities
  • Advise on bank regulatory policy and advocacy positions and support the drafting of related materials, including legislation and Congressional correspondence
  • Communicate legal requirements to various levels of the organization, including to senior management
  • Represent the company and its positions in various financial services trade association forums
  • Advise control, compliance and risk management partners in the above areas and support them in the development of related policies, procedures and controls
  • Work with cross-functional disciplines within the Company in the implementation of prudential regulations and requirements, including related policies, procedures and controls
  • Take an active role in the development, oversight and delegation of tasks to more junior staff
  • May lead initiatives of varying scope and complexity Required Qualifications:
    • 5+ years of Law experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
    • Active State Bar membership or the equivalent in a country outside the United States Desired Qualifications:
      • 5+ years of practicing attorney experience with a major law firm, banking regulatory agency, or in-house law department
      • 5+ years of practicing attorney experience in the political law and regulations space, including experience in one or more of the following areas of focus, including government relations, communications, public policy, social impact and sustainability
      • Experience with prudential bank regulations
      • Experience with engagement with trade associations, regulators and other policymakers
      • Effectively partnering with stakeholders such as Government Relations and Public Policy, Compliance, Risk, and the business to achieve regulatory change goals
      • Ability to influence, partner, and negotiate with stakeholders, including senior business leaders, to achieve consensus and accomplish business goals
      • Experience preparing and delivering effective executive summaries, whitepapers, status reports, and dynamic presentations for management and senior leaders
      • Preferred experience and knowledge of Wells Fargo lines of business and organizational structure
      • Ability to develop and maintain effective relationships within and across corporate functions and business groups at all levels of organization
      • Effective organizational, multi-tasking and prioritization skills, including ability to manage multiple projects concurrently
      • Ability to lead during times of ambiguity and change
      • Experience working with changing priorities and deadlines
      • Strong attention to detail and accuracy
      • Excellent verbal, written, and interpersonal communication skills Posting Locations:
        • Washington, DC
        • New York, NY
        • Charlotte, NC
        • Des Moines, IA
        • Minneapolis, MN
        • St. Louis, MO
        • Irving, TX Pay Range $144,400.00 - $300,000.00 Annual Benefits
          • Information about Wells Fargo's employee benefits We Value Diversity At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law. Employees 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. Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Keywords: Wells Fargo, Irving , Lead Counsel - Bank Regulatory, Legal , Irving, Texas

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