Senior Compliance Specialist

4 weeks ago

Chennai, India WELLS FARGO BANK Full time
About this role:

Wells Fargo is seeking a Senior Compliance Specialist to assist the Compliance Director with developing, implementing and monitoring risk-based compliance programs to assure compliance with federal, state, agency, legal and regulatory requirements for Consumer Lending Compliance Shared Services. This role will be focused on Model Governance Functions relating to Consumer Impacting Models. Compliance Risks in models, particularly AI/ML Models has been an area of increased regulatory scrutiny, and the Compliance Model Governance function is at the crossroads of Compliance and Model Risk. Material regulation of focus would be Fair Credit Reporting Act (Reg V), Data Privacy Laws E.g. Graham Leach Bliley Act, California Consumer Privacy Act (CCPA); EU's General Data Protection Regulation (GDPR) and other US banking consumer regulations.

In this role, you will:
  • Establish, implement, and maintain risk standards and programs to drive compliance over in-scope Models
  • Provide oversight over appropriate model use, risk ranking, inventory challenge, model change management, and ongoing performance monitoring over in-scope Models.
  • Oversee the Front Line's (Model Developer/ owner) execution and challenges appropriately on compliance related decisions
  • Provide oversight and monitoring of risk-based compliance programs on Consumer facing Models, oversee standards
  • Provide subject matter expertise with comprehensive knowledge of the Models under review
  • Provide compliance risk expertise and consulting for projects and initiatives with moderate risk for a business line or functional area
  • Monitor reporting, escalation, and timely remediation of issues, deficiencies or regulatory matters regarding compliance risk management
  • Provide direction to the business on developing corrective action plans and effectively managing regulatory change
  • Provide compliance risk expertise, specifically Data / Privacy and Fair Credit Reporting Regulations
  • Identify and recommend opportunities for process improvement and risk control development
  • Manage legal, compliance and governance stakeholders throughout the model review and governance process.
  • Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements
Required Qualifications:
  • 4+ years of Compliance experience, Model validation / Model governance or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
  • Model Validation or Governance Background
  • Working knowledge of Data / Privacy laws and Fair Credit Reporting Act (FCRA) requirements
  • Knowledge on US banking consumer regulatory bodies (CFPB, OCC, etc.)
Job Expectations:
  • Provide governance over in-scope consumer facing Models, which includes the review of the model to determine if there are FCRA, Data & Privacy and other US consumer regulatory concerns.
  • Solicit feedback from Legal, Business Aligned Compliance Officers and Horizontal Compliance functions during the review of Models
  • Prepare and archive model review documentation
  • Review initial Model Classification, Risk Rank and Risk Rank Overrides and Risk Rank Changes
  • Review and Challenge Model Validation Results
  • Identify continuous improvement opportunities and implement the same in the model review and governance program
  • Participate in Model Monitoring Programs and any Required Quarterly/Annual Monitoring Reviews
  • Ensure attention to detail, embrace team dynamics, yet work independently to produce quality output.
Posting End Date:
30 Aug 2024
*Job posting may come down early due to volume of applicants.

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, status as a protected veteran, or any other legally protected characteristic.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

  • Senior Compliance Specialist

    2 weeks ago

    Chennai, India WELLS FARGO BANK Full time

    About this role:Wells Fargo is seeking a Senior Compliance Specialist. We believe in the power of working together because great ideas can come from anyone. Through collaboration, any employee can have an impact and make a difference for the entire company. Explore opportunities with us for a career in a supportive environment where you can learn and...

  • Senior Subcontracts Specialist

    5 months ago

    Chennai, India McDermott International Full time

    Job Overview: The Senior Subcontracts Specialist uses best practices and knowledge of internal or external issues to improve the subcontracts discipline within McDermott. They will act as a resource for colleagues with less experience and share their conceptual and practical expertise related to the subcontracts discipline. The Senior Subcontracts...

  • Training Specialist

    1 day ago

    chennai, India Hexaware Technologies Full time

    Role: Document Control & Training Specialist Exp: 3.5 years to 12 Years Location: Any where in India Job Description The Document Control & Training Specialist will support the day-to-day Quality Management Systems (QMS) activities related to document control and training to ensure compliance to all applicable U.S. Food and Drug Administration (U.S. FDA)...

  • MSDS Product Compliance Specialist.

    4 months ago

    chennai, India ZF Group Full time

    Req ID Chennai, India Your Tasks • Coordination and managing of work of the shared-service team responsible for execution of all processed focused on ensuring product compliance (related to Cortication, IMDS system and MSDS documents).Managing contacts with the Product Compliance Excellence Team and advising, supporting & consulting to various div....

  • MSDS Product Compliance Specialist.

    2 days ago

    chennai, India ZF Group Full time

    Req ID Chennai, India Your Tasks • Coordination and managing of work of the shared-service team responsible for execution of all processed focused on ensuring product compliance (related to Cortication, IMDS system and MSDS documents).Managing contacts with the Product Compliance Excellence Team and advising, supporting & consulting to various div....

  • MSDS Product Compliance Specialist.

    4 months ago

    Chennai, India ZF Group Full time

    Req ID Chennai, India Your Tasks • Coordination and managing of work of the shared-service team responsible for execution of all processed focused on ensuring product compliance (related to Cortication, IMDS system and MSDS documents).Managing contacts with the Product Compliance Excellence Team and advising, supporting & consulting to various div....

  • Senior Specialist IT Infrastructure

    1 month ago

    Chennai, India ePropelled Full time

    Job Title: Senior Specialist IT InfrastructureLocation: Chennai Department: IT Infrastructure Reports To: Director Information Technology Job Summary:The Senior Specialist IT Infrastructure Engineer is responsible for designing, implementing, managing, and supporting a robust IT infrastructure. This role involves ensuring stability, integrity, and...

  • Compliance Specialist

    2 weeks ago

    Chennai, India Antal India - Global Executive Recruitment Business Full time

    Position Title:Vice President - ComplianceReports to:Chief Compliance OfficerLocation:ChennaiOrganizational Overview:Our client’s mission is to provide efficient and reliable access to debt capital markets for institutions that impact low-income households. These include rural & urban microfinance institutions, retail NBFCs, and housing finance companies....

  • Compliance Specialist

    2 days ago

    chennai, India Antal India - Global Executive Recruitment Business Full time

    Position Title: Vice President - ComplianceReports to: Chief Compliance OfficerLocation: ChennaiOrganizational Overview: Our client’s mission is to provide efficient and reliable access to debt capital markets for institutions that impact low-income households. These include rural & urban microfinance institutions, retail NBFCs, and housing finance...

  • Senior Compliance Engineer

    4 months ago

    chennai, India Trimble Full time

    Job Title: Senior Compliance Engineer Job Summary: As a Senior Compliance Engineer at Trimble, you will be crucial in ensuring product environmental compliance, chemical/material assessment, and adherence to global environmental regulations and customer requirements. Your responsibilities will include data management, process improvement,...

  • Senior Compliance Engineer

    4 months ago

    Chennai, India Trimble Full time

    Job Title: Senior Compliance Engineer Job Summary: As a Senior Compliance Engineer at Trimble, you will be crucial in ensuring product environmental compliance, chemical/material assessment, and adherence to global environmental regulations and customer requirements. Your responsibilities will include data management, process improvement, regulatory...

  • Senior Compliance Engineer

    2 days ago

    chennai, India Trimble Full time

    Job Title: Senior Compliance Engineer Job Summary: As a Senior Compliance Engineer at Trimble, you will be crucial in ensuring product environmental compliance, chemical/material assessment, and adherence to global environmental regulations and customer requirements. Your responsibilities will include data management, process improvement, regulatory...

  • Specialist, IT Risk

    1 month ago

    Chennai, India Celestica Full time

    Req ID: Remote Position: Hybrid Region: Asia  Country: India  State/Province: Chennai  City: Guindy, Chennai  Summary The Specialist, IT Risk and Compliance is responsible for ensuring the IT Controls are working as designed and Compliance is met. The incumbent is able to interact with internal and external stakeholders and provide support and...

  • VIKING is looking for a Senior SAP Specialist – Logistics

    10 hours ago

    chennai, India VIKING Life-Saving Equipment Full time

    Are you looking for a role as a Senior SAP Specialist for Logistics. Can you see yourself in a truly global company that is the market leader within the maritime industry? If you can say yes to the above, then it might be you, we are looking for Senior SAP Specialist – Logistics   As Senior SAP Specialist – Logistics, you will develop End to End...

  • Opening for Senior service desk specialist

    4 months ago

    Chennai, India @ Six Sigma Full time

    Job Details Requirement Type Permanent Job Title Opening for Senior service desk specialist Job Level Executive - Non-Managerial Job Description Senior service desk specialist No. of Openings 6 Job Domain IT Experience - Minimum - Maximum Access Management Expected Date Of Joining 2023-11-16 Joining Time 10 Days Salary 54167 Work Locations Chennai ...

  • VIKING is looking for a Senior SAP Specialist – Logistics

    24 hours ago

    Chennai, India VIKING Life-Saving Equipment Full time

    Are you looking for a role as a Senior SAP Specialist for Logistics. Can you see yourself in a truly global company that is the market leader within the maritime industry?If you can say yes to the above, then it might be you, we are looking for Senior SAP Specialist – Logistics As Senior SAP Specialist – Logistics, you will develop End to End solutions...

  • Document Control

    2 weeks ago

    Chennai, India Hexaware Technologies Full time

    Role: Document Control & Training SpecialistExp: 3.5 years to 12 YearsLocation: Any where in IndiaJob DescriptionThe Document Control & Training Specialist will support the day-to-day QualityManagement Systems (QMS) activities related to document control and training to ensurecompliance to all applicable U.S. Food and Drug Administration (U.S. FDA) medical...

  • Global Trade Compliance

    4 weeks ago

    Chennai, India 544 FLSmidth Private Limited Full time

    Create a better future! Do you want to make a difference in the world and contribute to a sustainable future? We believe we can develop technology and gain the knowledge to make that difference. We have launched our ambition, Mission Zero – enabling our customers to move towards zero emissions in mining. We need your leadership skills, curiosity, and...

  • Senior Specialist IT Infrastructure

    1 month ago

    Chennai, India ePropelled Full time

    Job DescriptionJob Title: Senior Specialist IT InfrastructureLocation: Chennai Department: IT Infrastructure Reports To: Director Information Technology Job Summary:The Senior Specialist IT Infrastructure Engineer is responsible for designing, implementing, managing, and supporting a robust IT infrastructure. This role involves ensuring stability,...

  • Senior Human Resources Specialist

    4 weeks ago

    Chennai, India DVS Advisory Group Full time

    Company DescriptionDVS Advisory Group is a tax-centric professional services organization with a global presence and partners in over 100 countries. Since founding in 2007, we have specialized in providing tax and business advisory services to family-owned businesses, entrepreneurs, and midmarket corporates. Our focus on research-based solutions ensures...