Emea Head of Regulatory Change, Policy and Training - London, United Kingdom - WELLS FARGO BANK

WELLS FARGO BANK
WELLS FARGO BANK
Verified Company
London, United Kingdom

3 weeks ago

Tom O´Connor

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Tom O´Connor

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Description

About this role:

Wells Fargo is seeking a Compliance Senior Manager. The Compliance Senior Manager is a results-oriented leader and senior member of the EMEA Compliance team who will take the lead role for three core elements of the
Compliance Program: 1) Regulatory Change, 2) Compliance Policy and 3) Compliance Training.

The Compliance Senior Manager will understand the products and services relevant to the key legal entities operating within the Region to facilitate their view of regulatory change applicability, how this translates to an effective suite of EMEA Compliance Policy and Training materials and how to communicate these appropriately within region.


In this role, you will be responsible for:

  • The Regulatory Change Lifecycle in EMEA
  • ensuring that this is operating effectively in EMEA, from identification of appropriate regulatory change sources and requirements, communicating these to appropriate stakeholders in a clear and timely manner, and overseeing initial disposition of regulatory change.
  • Compliance support for Regulatory Change Projects impacting EMEA ensuring that regulatory change related projects are supported effectively by EMEA Compliance through to implementation and that the EMEA Compliance Leadership team is kept abreast of developments with ongoing initiatives / efforts.
  • Compliance Policies for EMEA having oversight of the establishment and maintenance of regional, and legalentityspecific compliance policies, procedures, and reference documents to manage compliance risks in accordance with regulatory and additionally compliance program requirements.
  • Compliance Training for EMEA having oversight of the establishment and execution of regional, and legalentityspecific Compliance Training.
  • Escalating (and resolving) any differences between Enterprise / Corporate Investment Banking / Commercial Banking / EMEA requirements relating to Regulatory Change, Policy and Training matters appropriately.
  • Setting out, agreeing and driving through the EMEA Compliance Program relevant to areas under their responsibility.
  • Reporting on Regulatory Change, Policy and Training matters to relevant forums as required / requested (from a Second Line perspective).
  • Acting as key Second line SME, advisory point of contact for areas under their responsibility and working collegiately across Compliance to ensure that the department is executing effectively in these areas.
  • As necessary managing Compliance employees aligned to Regulatory Change, Policy and Training.

Job Expectations:


1/. EMEA Compliance Program relating to Regulatory Change Framework - Horizon Scanning

  • SME in relation to Enterprise and Regulatory requirement
  • Act as Subject Matter Expert (SME) for Compliance relating to the Regulatory Change lifecycle. Stay current with Wells Fargo requirements in relation to the Regulatory Change Lifecycle from identification to implementation. Identify any delta between Enterprise and Local Regulatory expectations. Escalate differences and work with EMEA Head of Compliance to resolve obstacles to meeting the highest standard of execution.
  • Horizon Scanning Coverage
  • Ensure that EMEA population of Regulatory Sources which must be maintained, are identified and that Horizon Scanning is fit for purpose, understood within region and by other parties working on behalf of the EMEA region.


  • Service Level Agreements

  • Ensure that there are appropriate Service Level Agreements) to underpin any Horizon Scanning of compliance topics (e.g., Enterprise Functions Compliance topics such as Information Security) and escalate any gaps. Work to resolve these as directed and where agreements are in place, maintain appropriate controls to Quality Assess (QA) and report upon the outputs of horizon scanning performed.


  • Communication

  • Ensure that Key Regulatory Changes are communicated in accordance with Compliance Program requirements. Provide early notifications to key stakeholders ensuring that these stakeholders are appropriate to the topic in hand. As an SME, form an initial view as to applicability of key regulatory change and as appropriate, confirm this view with Advisory Compliance colleagues. Perform QA of outputs of the Regulatory Change team/s responsible for initial communications before release.


  • Regulatory Development Forums

  • Chair EMEA Regulatory Development Forum or equivalent meeting involving three Lines of Defense, in accordance with Enterprise Compliance requirements. Ensure that regulatory changes and disposition work are effectively communicated.

2/. EMEA Regulatory Change Implementation

  • Compliance RACI document
  • Maintain and drive through an associated RACI (document outlining expected roles and responsibility) across Compliance teams in relation to Regulatory Change Implementation. Ensure that this is communicated and all parties representing Compliance within implementation efforts, understand expectations of them.
  • Oversight of Implementatio
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