Compliance Consultant 3
Job Description
Wells Fargo Funds Management Group (FMG) is the 11th largest mutual fund family in the US with over $220 billion in assets under management. FMG falls under Wells Fargo Asset Management division of Wholesale Banking. We are seeking a Compliance Consultant for the Risk and Compliance department to assist with distribution compliance of complex products including 3c funds, hedge funds, hedge fund of funds, and LUX SICAVs. The individual will be responsible for the following items:
- Provide compliance and regulatory advice regarding complex product specific requirements, supervisory controls procedures, and standards for communication with clients
- Institute procedures and provide project management for new complex products for approval and distribution and provide assistance to business partners during project and implementation phases
- Assist with new complex product reviews to ensure distribution risks are adequately identified and mitigated
- Perform and document of the initial and ongoing due diligence reviews of private placements distributed through the broker dealer
- Monitor and test products for effectiveness of the annual compliance program
- Provide training for employees on industry rules, and the risks and controls related to private placements and other complex products distributed
- Review, update and draft policies and procedures, guidance and notices for the complex products
- Assist in providing updates and presentations to the broker dealer board of directors as necessary on the distribution of new products
We also have a Compliance Consultant 4 within this same group. Requisition number is 3742214.
Basic Qualifications
6+ years compliance experience.
Minimum Qualifications
- 3+ years of experience working with private placements including 3c funds, hedge funds, and/or Undertakings for Collective Investment in Transferable Securities (UCITS )
- Good knowledge of FINRA and SEC rules related to broker dealers distribution of private placements, including Reg D and Reg S rules, and Rule 3c and hedge fund requirements and/or Undertakings for Collective Investment in Transferable Securities ( UCITS )
Preferred Skills
- Series 7 and 24 (or must be able to obtain within 120 days)
- Good experience in managing relationships with key stakeholders
- Ability to act decisively and independently in situations requiring analysis and decision making
- Knowledge of and specific experience with FSA requirements relating to financial promotions and, knowledge and experience of multi- jurisdictional requirements relating to the marketing of UCITS funds is highly desirable
- Specific, demonstrable experience with, and understanding of, UCITS Management Companies is highly desirable
To apply for this position, please visit the jobs website through Teamworks, requisition search # 3742182.
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