Compliance Consultant 3 at Boston

Job Description

Wells Fargo Funds Management, LLC (FMG), is the 11th largest mutual fund family in the U.S. with more than $220 billion in assets under management. The firm falls under the Wells Fargo Asset Management division of Wholesale Banking.Wells Fargo Funds Managements Risk & Compliance Service Provider and Portfolio Oversight team is responsible for managing the development, implementation, and monitoring of a risk-based supervisory control system related to the proactive supervision and testing of all Fund service providers. This includes the management and oversight of the following: Compliance reporting to fund trustees, service provider testing and oversight, portfolio compliance and related portfolio and affiliate rules testing and execution of annual review and testing under Rule 38a-1Responsible for developing, implementing and monitoring a risk-based compliance program to assure compliance with federal, state, agency, legal and regulatory requirements. Works with assigned business units and provides compliance risk expertise and consulting for projects and initiatives with moderate to high risk to identify, assess and mitigate regulatory risk in all business activities. Develops testing strategies and methodologies; evaluates the adequacy and effectiveness of policies, procedures, processes, initiatives, products and internal controls and identifies issues resulting from internal and/or external compliance examinations. Consults with business to develop corrective action plans and effectively manage change to ensure regulatory compliance. Identifies training opportunities; may design/coordinate the development of training materials and delivers training. Reports findings and drafts recommendations to compliance risk and business line management. Coordinates production of periodic compliance performance reports for senior management, including recommended strategies. May manage project teams and provide guidance to less experienced specialists/consultants.The position requires the ability to be proactive, communicate compliance issues or possible issues to all levels within the organization, to use logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to issues; to combine pieces of information to form general rules or conclusions and consider the implications of all options (benefits, costs and risk factors).One position is open in any of the four corporate locations: Boston, San Francisco, Charlotte, or Menomonee Falls, WI.

Job Requirements

* Basic Qualifications:
6+ years compliance experience.
* Minimum Qualifications:
Country: USA, State: Massachusetts, City: Boston, Company: Wells Fargo.