Principal Compliance Officer (Prime Brokerage)

About this role:

Wells Fargo is seeking a Principal Compliance Officer to provide senior-level, second-line compliance leadership for its Equities business within Corporate & Investment Banking. The role will oversee compliance coverage of Wells Fargo’s Prime Brokerage business and serve as a trusted advisor to senior business and control leaders.

This highly visible position will help guide the continued growth of the Prime Brokerage platform, advise on new products and business initiatives, and provide credible challenge on complex regulatory, conduct, operational, and reputational risks. The successful candidate will bring deep broker-dealer compliance expertise and the ability to translate regulatory requirements into practical, scalable business solutions.

In this role, you will:

• Act as a recognized Compliance subject matter expert for a line of business, function, or Level 2 compliance risk type, leading complex, innovative, and diverse initiatives with broad cross-functional impact, high risk, or significant scope, cost, and benefits
• Lead execution of the compliance strategy set by senior leadership for the most complex and significant compliance challenges within a line of business, function, or risk type, independently identifying and resolving gaps, roadblocks, and opportunities through vision, innovation, advanced analytical thinking, and coordination of highly complex activities
• Oversee the Front Line’s execution of compliance requirements for an assigned line of business, function, or risk type, including adherence to applicable laws, regulations, regulatory expectations, corporate policies, and risk program requirements
• Exercise independent judgment to make strategic decisions and independently challenge Front Line compliance-related decisions, risk assessments, controls, execution plans, issue remediation, and governance practices on high-risk matters to help ensure outcomes are appropriate, sustainable, and risk-aligned
• Establish, interpret, and influence compliance standards, risk management expectations, regulatory change strategies, corrective action plans, and issue remediation approaches for the most complex matters
• Monitor, assess, and challenge reporting, escalation, and timely remediation of significant compliance issues, deficiencies, emerging risks, and regulatory matters
• Drive alignment across Compliance, Front Line, Legal, Risk, Audit, and other internal partners to resolve highly complex compliance matters and strengthen enterprise risk management outcomes
• Serve as an expert advisor to senior leaders and executives by translating complex regulatory, legal, policy, and industry developments into practical compliance risk management strategies; lead through influence, matrixed teams, and cross-functional workstreams, and provide thought leadership, guidance, and mentorship to senior professionals
• Prepare and present materials for Risk sub-committees, regulators, or executive leadership within area of expertise, and represent Wells Fargo, as appropriate, in regulatory, industry, or technical forums, incorporating external insights into compliance strategy and oversight practices.
• Oversee completion of compliance risk assessments, monitoring and surveillance activities, metrics, reporting, regulatory change management, and issue remediation for Equities.
• Engage directly with regulators and internal oversight functions, as appropriate, on matters affecting the Equities business.

Required Qualifications:

• 10+ years of Compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Deep expertise in U.S. broker-dealer compliance frameworks and SEC, FINRA, and exchange requirements applicable to Equities and Prime Brokerage.
• Advanced product knowledge across Prime Brokerage, Equity Derivatives, Equity Finance, and securities lending.
• Direct compliance experience supporting a full-service Prime Brokerage platform, including financing, securities lending, margin, and institutional clearing activities
• Knowledge of rules and regulations applicable to short sales, securities lending, portfolio margining, listed options position limits, Large Options Position Reporting, electronic blue sheets, Regulation T, and SEC Rule 15c3-3.
• Ability to work with Operations personnel to ensure processes and actions support adherence to applicable regulatory requirements for a Prime Brokerage business.
• Working knowledge of the Risk and Control Self-Assessment (RCSA) process.
• Understanding of swap dealer rules, Volcker and banking regulations (Reg W and Reg U).
• Strategic mindset with the ability to support business growth initiatives in Equities Finance, including new products, while ensuring a robust and scalable compliance environment.
• Experience advising senior business leaders and providing credible challenge on significant regulatory, conduct, operational, and reputational risk matters.
• Experience leading regulatory examinations, investigations, audits, compliance reviews, risk assessments, monitoring, surveillance, and issue remediation.
• Effective executive communicator, both orally and in writing, with the ability to present complex issues clearly and influence timely decision-making.
• Proven ability to cultivate relationships and collaborate across business, Legal, Risk, Operations, Business Control, Internal Audit, and Compliance stakeholders.

Job Expectations:

• This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to compliance with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents·
• Specific compliance policies may apply regarding outside activities and/or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process.

Pay Range

Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement

Posting End Date:

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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.

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.

c. Please be prepared to provide accurate information and supporting documentation in connection with any lawful employment and education verification conducted by Wells Fargo.