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Germany Country Compliance Manager

Wells Fargo Frankfurt am Main, Deutschland
Gepostet vor 29 Tagen Permanent Competitive
See job description for details
About this role:

Wells Fargo Bank International (WFBI) Frankfurt Branch is looking for a motivated, experienced and energetic self-starter to support Wells Fargo's Germany business operations as the Germany Country Compliance Manager. Reporting to the WFBI Chief Compliance Officer based in Ireland, you will be responsible for delivering the second line oversight and management of Compliance Risk for WFBI's Frankfurt branch which includes our offices in Dusseldorf and any other Germany related Wells Fargo business. The Compliance Manager will provide second line challenge, oversight and guidance to the business along with some related Operational Risk activities. You will be a key member of the Branch Management Committee and use your expertise, sound judgement and local regulatory compliance experience to provide key support to the Frankfurt Branch Manager, the Branch Management Committee and business and control function associates in Frankfurt and Dusseldorf.

In this role, you will:
  • Establish a robust Regulatory Compliance Program in line with the enterprise Compliance Program Policy covering all relevant regulatory obligations applicable to the German branch and offices, including but not limited to:
  • Provide second line of defense oversight and challenge of Compliance Risks in WFBI Frankfurt Branch
  • Perform regulatory horizon scanning and providing analysis of impactful legal and regulatory developments in Germany.
  • Ensuring related policies and procedures are up to date and compliant with Group standards.
  • Proactively support 1st Line of Defense functions on issues regarding Compliance Risk.
  • Conduct relevant training for German team members on Compliance topics, reflecting both regulatory requirements as well as business needs.
  • Working closely with WFBI, EMEA and US Compliance along with other stakeholders to ensure appropriate 2nd line oversight of Compliance risk in Germany.
  • In co-ordination with advisory compliance teams in WFBI and EMEA, act as a trusted compliance advisor to the lines of business for WFBI and WF entities in Germany.
  • Creating Compliance reporting highlighting any emerging Compliance risks or trends for escalation to WFBI and local senior management.
  • Assisting senior management to identify, assess and mitigate potential compliance risks, utilising an effective and efficient risk-based compliance program in co-ordination with WFBI and EMEA Compliance.
  • Assisting senior management in their relationship with BaFin as directed/requested by Regulatory Liaison function.
  • Overseeing relevant Compliance exams and inspections driven by internal/external audit, including the resolution by management of relevant findings in a timely fashion, and assisting Regulatory Liaison in their management of regulator exams/inspections.
  • Identifying and offering strategic solutions to improve Compliance, maintaining the SHRP System and acting as an advocate & leader to ensure required regulatory change programs are initiated.
  • Whilst the Branch has a standalone MLRO, the Compliance Manager will act as the deputy MLRO
  • Carrying out other duties as may reasonably be required and directed by WFBI and EMEA Compliance in fulfilment of both the entity and enterprise compliance programmes;
  • Verification of reliability checks conducted within the scope of new staff onboarding and reliability renewals for senior management functions.
Central Bank of Ireland's Fitness and Probity Regime

This position is designated as a Controlled Function 2 (CF-2) role under the Central Bank Reform Act 2010 (sections 20 and 22) and as such is subject to the Central Bank of Ireland's Fitness and Probity Regime. Individuals who perform a CF role must have a level of fitness and probity appropriate to the performance of that particular function and must comply with WFBI's Fitness and Probity policy. An employee who performs a CF-2 role ensures, controls or monitors compliance by WFBI with our relevant obligations.

The scope of the responsibilities under this job description will include all activities listed below with the following entities:

WFBI UC

Required Qualifications:
  • Tertiary qualifications in a suitable discipline (e.g., Law, Accounting or other suitable qualification)
  • Germany Compliance experience in a wholesale or institutional banking or markets business, or equivalent demonstrated through one or a combination of the following: work experience, training, education
  • Leadership experience - whilst there will not be a team to manage there will be an expectation that the individual will have the experience to act as a leader within the local organisation.
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.

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.

Job ID  R-231450-1
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