Asset Management Compliance Consultant - Monitoring
Wells Fargo & Company (NYSE: WFC) is a leading global financial services company with $2.0 trillion in assets and offices in over 37 countries. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides asset management, capital raising and advisory, financing, foreign exchange, payments, risk management, and trade finance services to support customers who conduct business in the global economy. At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We also value the viewpoints of our team members and encourage them to be their best. 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. Learn more at our International Careers website .
Market Job Description Main function of the job:
The role reports to and supports the Compliance Manager - Governance, Monitoring and Risk
who is primarily responsible for the provision of Compliance governance, monitoring and risk functions for EMEA WFAM.
The Compliance Manager - Governance, Monitoring and Risk reports to the EMEA Head of Asset Management Compliance who is responsible for all aspects of compliance within EMEA located Wells Fargo Asset Management entities.
The EMEA WFAM Compliance function encompasses all business activity of Wells Fargo Asset Management entities in EMEA, including the portfolio management activities of Wells Fargo Asset Management (International), LLC and Wells Fargo Asset Management (International) Limited, in their capacity as multi-asset and fixed income portfolio managers, and the distribution activities and fund management activities of Wells Fargo Asset Management Luxembourg SA and its branches.
The primary focus of the role will be delivering the completion of assigned Compliance monitoring activities in accordance with the Compliance monitoring plan and ad hoc as required, and assigned surveillance activities regarding trading activities, sales practices and other matters using appropriate tools in conjunction with similar functions within Wells Fargo EMEA and WFAM Global. The role holder will also undertake ad-hoc activities and projects to develop and enhance these monitoring processes, and otherwise as directed, and will support the Compliance team in developing monitoring and reporting on controls.
Note: In addition to these functions employees are required to carry out such other duties as may reasonably be required Responsibilities:
- Primarily to undertake compliance monitoring review activities as directed, in accordance with the compliance monitoring plan, and ad hoc as required;
- Secondarily to undertake surveillance activities, as directed, regarding trading activities, sales practices and other matters using appropriate tools in conjunction with similar functions within Wells Fargo EMEA and WFAM Global ;
and in each case;
- Prepare high quality records of monitoring and surveillance undertaken and draft, with compliance colleagues, recommendations to address identified deficiencies.
Other responsibilities will, from time to time, include:
- Assist, as directed, in the development of the annual risk based compliance monitoring plan.
- Assist, as directed, in keeping the corporate risk platform and related programs up to date regarding WFAM EMEA compliance related matters.
- Support advisory compliance and other team members in developing appropriate procedures.
- Assist, as directed, in responding to requests from Risk, Audit, Compliance Testing and other parties.
- Assist, as directed, in oversight of delegated activities relating to Wells Fargo Asset Management in the USA and the Luxembourg Management Company and its appointed custodian/fund administrator.
- Support local, EMEA and US compliance teams where required.
- Provide input into the management information reporting on WFAM business compliance processes and any errors, breaches or control deficiencies arising.
- Assist with the development of compliance or business policies and procedures as requested.
- Support the Compliance Manager - Governance, Monitoring and Risk and the EMEA Head of Asset Management Compliance, as directed, in any other matters required to meet Compliance and organizational objectives and priorities including projects and other matters not limited to WFAM Compliance.
Market Skills and Certifications Skills/Experience Required:
- Knowledge of equity and fixed income instruments, including derivatives, and various investment strategies. Knowledge of Multi-asset investing would be preferred.
- Familiarity with investment management regulatory requirements including some or all of FCA, MIFID, UCITS, AIFMD, SEC.
- Prior experience of asset management from a firm, service provider, or auditor perspective preferred.
- Demonstrable interest in a career in asset management compliance and in the business of asset management.
- Educated to degree level or equivalent.
- Preferably hold a relevant industry qualification &/or post graduate qualification.
- Analytical skills - the candidate must be highly analytical with experience in collecting, analyzing, and synthesizing information on various subjects
- Partnership skills- the candidate should cultivate and maintain good working relationships and credibility with all related business partners including US WFAM Compliance and EMEA regional Compliance.
- Problem solving skills - the candidate must demonstrate the ability to identify key issues, and obtain appropriate information for further analysis, proffering appropriate solutions aligned with the Wells Fargo approach.
- Teamwork skills - the candidate must be flexible in his/her work style and be able to work collaboratively with stakeholders and colleagues
- PC skills - including Microsoft Excel, Access, Word, PowerPoint and other reporting tools but also able to understand use of technology for improving the regulatory control environment.
- Unquestionable ethics
- Communication - good interpersonal, communication (written and presentation) skills are essential with an ability to liaise appropriate professionally and with discretion and confidentiality.
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.