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We are now looking for an experienced professional to join our Compliance function in Hong Kong and provide broad-ranging Compliance support for our Corporate and Investment Banking businesses in Asia (primarily Fixed Income Sales & Trading, FX/Rates, Investment Banking Capital Markets and Asset Management). The successful candidate will be intimately involved in advising the relevant business lines and developing and maintaining an effective control framework and regime designed to identify, manage and mitigate regulatory risks. This position offers the opportunities and challenges presenting themselves when establishing or enhancing a compliance management infrastructure, program and culture to align with the build-out or expansion in Asia-Pacific of successful Wells Fargo businesses during a period of corporate integration and strategic business expansion.
Developing, maintaining and enhancing an effective Compliance and Risk infrastructure in Hong Kong and other Asian jurisdictions (ex-Japan) to accommodate applicable legal and regulatory requirements and Wells Fargo enterprise or line of business policies with a view to identifying, assessing and mitigating compliance and risks
Implementing and administering Compliance and Risk control systems and procedures and monitoring programs for markets businesses; discussing findings or issues and remedial action with business line; undertaking ad hoc issue escalation and periodic reporting to senior management
Providing comprehensive Compliance and Risk advisory support for current and new or modified business initiatives and in any development, integration or rationalization of markets business activities in applicable jurisdictions
Interacting with regulatory authorities with respect to general enquiries, licensing, ongoing conduct and reporting requirements, and new or modified business initiatives; leading the response to Compliance and Risk monitoring and testing initiatives, internal audits and external regulatory exams
Developing and delivering Compliance training to enhance awareness and knowledge of applicable laws and regulatory requirements
The ideal candidate will have:
Relevant university degree and three (3) to five (5) years of relevant experience gained in an international financial centre. Legal or regulatory background viewed advantageously
Good knowledge of securities laws and regulations in Hong Kong. Some familiarity with equivalent securities laws and regulations in other Asian jurisdictions, and U.S. securities and bank holding company laws and regulations desirable
Good understanding of the general operation of international financial markets and the conduct of business on a cross-border basis
Good understanding of the purpose and importance of effective regulatory oversight, risk management and corporate governance
Good understanding of full service global financial institution, including bank and securities operations, and knowledge of financial products/services offered by Wells Fargo, desirable
Ability to identify Compliance and risks and advise on, promote, develop and implement suitable controls, policies and procedures to effectively monitor and mitigate those risks
Ability to identify and advise business line management of changes in the regulatory and compliance environment and design and implement appropriate Compliance and Risk solutions
Ability to influence stakeholders outside of immediate span of control
Excellent oral, presentation and written communication skills; self-motivated; confidence to communicate proactively and effectively with peers and senior management; ability to manage to a set of deadlines and deliverables with limited supervision.
Internal Number: 5928933
About Wells Fargo Bank
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