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Job Details

Compliance Consultant 4

Job Summary

  • Company: Wells Fargo Asset Management
  • Location: Charlotte, North Carolina (Charlotte, Boston, San Francisco, or Milwaukee)
  • Job Type: Full-Time
  • Career Level: middle
  • Years of Experience: 5-10 years

Job Description

Location Any of the Following: CA-SF-Financial District; MA-Boston; WI-Menomonee Falls; NC-Charlotte
Job Description
Wells Fargo Funds Management, LLC, is the 12th largest mutual fund family in the U.S. with more than $240 billion in assets under management. The firm falls under the Wells Fargo Asset Management division of Wholesale Banking.

This position is within Wells Fargo Asset Management (WFAM) Funds Management Group (FMG). We are looking for a Compliance Consultant to be a critical member of a growing Risk and Compliance team.

Wells Fargo Funds Management's 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-1.
Responsible 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).

Basic Qualifications
6+ years in compliance, operational risk, IT systems security, business process management, or financial services, of which at least 3
years must include direct experience in compliance or operational risk management (includes audit, legal, credit risk, market risk, or
the management. of a process or business with accountability for compliance or operational risk).

Minimum Qualifications
-Prior experience creating, executing and documenting compliance testing.
-8+ years compliance/legal experience with a focus on the investment adviser industry or regulatory agency.
-3+ years compliance/legal experience with subadviser/service provider oversight, evaluation and due diligence.
-Experience in federal securities laws, primarily the Investment Advisers Act and Investment Company Act, industry practices, and
other regulatory requirements relating to investment advisers

Preferred Skills
-Portfolio Manager due diligence experience, including participation in due diligence meetings with existing and potential advisers.
-Compliance experience in hedge funds/private placements/alternative investments
-International compliance experience, including UCITS
-Experience developing and implementing policies and procedures designed to comply with all relevant securities rules and regulations
-Experience addressing risks investment adviser clients are exposed to including conflicts of interest.
-Proven ability to identify and correct deficiencies in compliance processes and procedures that may lead to internal and/or regulatory
-Experience working with portfolio managers, investment committees, traders, marketing and operations teams to advise on or help
resolve compliance issues.
-Ability to understand, anticipate and meet expectations with respect to mutual fund board reporting and communications
-JD or other advanced degree
-Ability to work independently, set goals, organize priorities, and establish and adhere to deadlines.
-Demonstrated ability to apply critical thinking talents ,to make independent assessments, articulate recommendations and defend
-Effective partnering and influencing skills as well as comfort with performing in a cross-functional and matrixed environment
-Strong oral and written communication skills and must have the ability to function cooperatively and build consensus on compliance

To apply for this position, please visit the jobs website at, requisition search #3846354.

Candidates interested in applying to this role should e-mail