Head of EMEA Surveillance

7 days left

Wells Fargo
London, United Kingdom
17 May 2023
16 Jun 2023
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
About this role:

The EMEA Compliance Surveillance team monitors and analyses the sales, trading and banking activities conducted by Wells Fargo's Corporate & Investment Bank "CIB" and Commercial Banking business groups in EMEA as well as undertaking the surveillance of electronic communications and voice communications across both business lines and Enterprise functions internationally.

Managing a team of surveillance analysts operating a range of trade surveillance solutions and electronic communications, across multiple asset classes, jurisdictions and entities. Responsible for the risk assessment process and governance process across surveillance within Wells Fargo EMEA. Ensuring consistent practice and processes in the management of surveillance and recommending best practice.

The position reports into the EMEA Head of Markets Compliance and will work closely with the rest of the Regional and Global Surveillance function; Compliance Advisory, Financial Crime Compliance, Risk, Legal and Audit and the Front Office COOs and Control Offices.

In this role, you will
  • Develop, enhance and maintain a robust surveillance program to across Wells Fargo in EMEA (UK, Ireland, France); working closely with Financial Crime Compliance as well as with colleagues internationally (APAC, Canada and LATAM) and at enterprise level (US).
  • Lead a team responsible for surveillance activities across EMEA, including recruitment, development and retention of staff.
  • Ensure adherence to applicable regulations, particularly those relating to Market Abuse and Individual and Market Conduct in relation to Corporate & Investment Banking activities.
  • Establish and maintain Key Performance Indicators, Key Risk Indicators relevant to the performance of the surveillance function and reporting of risk.
  • Establish and maintain governance processes in respect of market abuse surveillance; alert threshold calibration, risk assessment, data integrity and quality assurance.
  • Define and manage data sourcing and data quality processes, working with relevant stakeholders to review data quality issues and agree remediation priorities.
  • Participate in and provide compliance support for regulatory projects and initiatives. Ensuring in the context of regulatory change programmes that surveillance requirements are identified and addressed.
  • Engage in business change initiatives to ensure that surveillance requirements are identified and addressed.
  • Escalate and report violations of regulatory obligations, including development of a robust STOR process.
  • Partner with Banking, Trading and Sales desk heads, Technology, and support teams to build out robust surveillance scenarios.
  • Perform deep dive investigations to identify potential market abuse, including market manipulation, trading on insider information, competition law and market conduct breaches.
  • Design and deliver training on newly implemented trade surveillance capabilities.
  • Demonstrate and share knowledge of global regulatory developments and providing practical and immediate interpretation of regulations in the context of the firm's business activities.
  • Suggest new processes for identifying and monitoring Compliance and Conduct Risk.
  • Support Compliance Testing and Internal Audit and where appropriate taking responsibility for addressing corrective action plans in respect of Regulatory Compliance surveillance.
  • Identify opportunities to enhance existing surveillance processes and recommend areas for improvement.
  • Ensure the escalation and championing of EMEA surveillance needs including through close liaison with stakeholders in the US.
  • Pro-actively identify and manage Regulatory Compliance risk.
Required Qualifications:
  • Educated to degree level.
  • Industry qualification &/or post graduate qualification desirable.
  • Very strong understanding of international regulatory requirements particularly Market Abuse and Conduct obligations.
  • US regulatory knowledge desirable
  • Previous experience at US headquartered Financial Institution an advantage
  • Experienced people manager with ability to provide support and meaningful coaching to grow the team and promote learning and teamwork.
  • Willingness to work across different time zones and be flexible and work under high pressure situations.
  • Strong knowledge of Corporate & Investment Banking products and services.
  • Extensive experience with communications and trade surveillance tools
  • Strong analytical skills - the candidate must be highly analytical with experience in collecting, analyzing, and synthesizing information on various subjects.
  • Problem solving skills - the candidate must demonstrate the ability to identify key issues and obtain appropriate information for further analysis.
  • Communication - excellent interpersonal, communication (written and oral) skills are essential with an ability to liaise professionally and with diplomacy across all levels of staff.
  • Highly IT literate - including Microsoft Excel, Access, Word, PowerPoint and other reporting tools but also able to understand use of technology for improving the regulatory control environment.
  • Experience in Compliance, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  • Management experience
We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

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.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

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