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Managing Counsel, Regulatory Implementation Team

Irving, TX
Full Time
01-19-2021
Job #: 5561807 Exp.: 10+ Years
Description:
This Managing Counsel position will lead a team of legal professionals within the Enterprise Risk, Regulatory & Audit (ERRA) Division supporting the Company’s implementation of applicable laws, rules and regulations. The Regulatory Implementation Team will support these efforts by assisting the Company’s front line and second line, in strong collaboration with other members of the Legal Department, assess, advocate and implement new legal regulatory requirements that impact the Company.

The team would work closely with the Legal Department’s public affairs team in order to assess the impact of rule proposals that could impact Wells Fargo and with the regulatory change team to analyze and implement new or amended legislation and regulations applicable to the Company. The team would work closely with Compliance, the controls organization and line of business attorneys to ensure the appropriate control environment is consistently and appropriately established to ensure compliance with all newly applicable rules and regulations across the impacted lines of business and enterprise functions.

Responsibilities include developing and leading a team of attorneys and professionals who:
  • Design and implement a Legal department-wide coverage model that ensures adequate legal coverage of regulatory changes impacting Wells Fargo and ensures a consistent and compliant approach to implementing and advising on new rules and regulations.
  • Work with senior stakeholders across the organization to develop a process for consistently assessing financial and operational impacts of potential law and regulatory changes impacting Wells Fargo
  • Work with Legal teams covering Public Affairs to input into industry and bilateral advocacy efforts
  • Work closely with line of business lawyers and other subject matter experts to ensure consistent interpretation of rules and regulations across the enterprise
  • Assist the company in building, maintaining, and improving compliance controls in response to new or revised rules and regulations.
  • Assist in the design and implementation of company-wide compliance controls and initiatives for new or revised rules and regulations.
  • Advise on legal and regulatory matters that impact operations across the company.
  • Work closely with compliance to develop and communicate compliance policies, processes and training required for implementation of new or revised supervisory rules.
  • Advise senior stakeholders on status of implementation efforts and promptly escalate potential gaps to compliance
  • Develop an approach, in collaboration with the Legal Department, to ensure that expertise in newly implemented rules and regulations sits in the appropriate coverage area
  • Undertake special projects and support regulation implementation initiatives outside of Legal.
  • Develop and maintain relationships with key internal constituencies, including the Company’s Enterprise Functions and Business Groups, to understand the scope of operations in order to assess the operational impact of new or revised supervisory rules.
  • Develop partnerships with Legal Department subject matter experts to assist in analyzing and providing advice on new or revised supervisory rules.
  • Foster individual team member growth and development in substantive areas and help build transferrable skill sets

The Candidate:
The successful candidate for this role will demonstrate the leadership skill necessary to build and lead a high-performing team of legal professionals to drive results through leadership effectiveness and team member engagement; contribute to broad enterprise strategy with a One Wells Fargo lens; and further the company’s strong risk management culture by living the Vision and Values of Wells Fargo. This collaborative leader must be capable of initiating action and managing change. The position requires a leader with strong relationship management, influencing, vision and execution skills. A key differentiator will be the ability to understand and operate successfully in a complex, heavily matrixed corporate environment. The role requires a high degree of personal ownership and accountability for achievement and outcomes.

Required Qualifications:
  • Active State Bar membership
  • 1+ year of leadership experience
  • 10+ years of experience as a practicing attorney; or 8+ years of experience as a practicing attorney and 2+ years of experience in one or a combination of the following areas: risk, compliance, contracts, government/regulatory, financial services, or technology

Desired Qualifications:
  • Business development experience including development and execution of business vision, strategies, and goals
  • Ability to develop and maintain effective relationships within and across business lines at all levels of the organization
  • Ability to make complex decisions
  • Effective organizational, multi tasking, and prioritizing skills
  • Leadership and management experience for team of attorneys and staff with a section or legal specialty including developing virtual staff and managing a budget

Other Desired Qualifications:
  • Strong regulatory background
  • Ability to analyze complex legal issues and to develop and execute risk-focused solutions
  • Experience advising senior management on changes in laws and regulations
  • Ability to evaluate impacts based on changes in laws/regulations and develop company response
  • Experience developing and executing appropriate solutions to complex problems
  • Ability to drive change and execution
  • Ability to manage multiple projects concurrently
  • Ability to collaborate inside and outside of the legal department
  • Ability to motivate, communicate, delegate and enable confidence in others
  • Ability to take an active role in the education, mentoring and training of less experienced team members
  • Excellent project management skills
  • Excellent verbal, written, and interpersonal communication skills
  • Prior experience leading or working within compliance programs and familiarity with enterprise risk management frameworks and regulatory expectations for risk management at large financial institutions is preferred





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