About this role: Wells Fargo is seeking a Senior Counsel to join the legal team supporting its Wealth and Investment Management (WIM) division. This Senior Counsel will be responsible for: (i) providing advice and guidance on WIM's Regulation Best Interest obligations; (ii) updating and drafting disclosure in support of WIM's investment advisory wrap programs; (iii) analyzing the import of regulatory trends impacting the provision of investment advice in the wealth management space; and (iv) supporting evolving WIM and the Legal department priorities.
In this role, you will:
Required Qualifications:
Desired Qualifications:
Job Expectations:
In this role, you will:
- Serve as the WIM Legal Division subject matter expert on Regulation Best Interest, which will entail engagement with senior members of WIM's Distribution, Compliance, and Risk organizations.
- Collaborate across WIM to update and enhance Regulation Best Interest and investment advisory program disclosures (including Form ADV 2A's).
- Provide advice on legal and regulatory issues impacting the provision of investment advice in the wealth management space, including matters involving dual registrants and banks.
- Support evolving WIM business and Legal department priorities involving Regulation Best Interest, investment advisory wrap programs, and bank managed accounts.
- Collaborate closely with lawyers across the WIM Legal Division as well as members of the Compliance and Risk teams.
- Lead complex initiatives with broad impact and act as a key participant in large scale planning
- Identify and analyze complex legal issues, develop conclusions and make recommendations for issue resolution
- Partner with business leaders and management of other corporate departments to develop and implement risk management programs
Required Qualifications:
- 4+ years of Legal experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Active State Bar membership or the equivalent in a country outside the United States
Desired Qualifications:
- Prior experience at a dually registered broker-dealer/investment adviser or law firm advising on: Regulation Best Interest; the Investment Advisers Act; or fiduciary investment management matters subject to 12 C.F.R Part 9.
- Demonstrated ability to collaborate effectively with legal subject matter experts, Compliance, Risk, regulatory relations, and business stakeholders.
- Demonstrated ability and interest in learning new areas of the law and financial services industry.
- Demonstrated flexibility to adapt to dynamic scope of role to support changing business and Legal department priorities.
Job Expectations:
- This position is not eligible for Visa sponsorship
- Relocation assistance is not available for this position.
- Ability to work at the job posting location
- Ability to work a hybrid schedule, in office at least 3 days a week
- This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CRF 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.
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