Career Center

Position can be based in Minneapolis, Charlotte, Irving, TX, or Los Angeles

Wells Fargo is seeking an experienced consumer banking attorney to provide legal support to our Banking business in the Banking, Lending, and Trust Center of Excellence within Wealth and Investment Management; specifically with respect to utilization and monitoring of various consumer deposit and credit products, including new or expanded deposit, credit cards, and mortgage offerings. The support often requires coordination with other legal department attorneys responsible for the development of certain products. This role will provide guidance to senior management and governance committees on legal and regulatory matters with significant impact on business initiatives, strategy, including providing substantive legal advice on regulatory requirements, the development of policies, procedures, and training with regard to those laws and regulations, and associated topics. The role also provides advice and counsel to business groups and enterprise functions, including Risk, Compliance, and Control, on laws and regulations and related risk containment and mitigation efforts. Other responsibilities include support of the Private Bank segmentation strategy, assisting with client complaints management and privacy.

The role provides expert legal and technical advice regarding consumer banking laws and regulations as applied for a wealth segment. These regulations include, for example, Regulations D, E, Z, CC, DD, Fair Banking, Federal Reserve and FDIC Regulations, Privacy Act rules, UDAAP and RSNIP.

The role leads legal risk assessment of all risk types and develops strategies for reducing legal exposure; leads analysis and response to legal, regulatory, reputational, compliance and policy matters within area of expertise; may serve as the legal contact for assigned clients and may lead initiatives of varying scope and complexity.

In this role, you will:

• Lead or participate in moderately complex initiatives and deliverables and contribute to large-scale planning
• Provide legal advice and represent of the Company in highly complex litigation, negotiations, settlement discussions, and claims related legal issues
• Review and analyze moderately complex challenges that require an in-depth evaluation of variable factors
• Manage highly complex claims and litigation
• Provide guidance to internal clients on legal matters to assist with legal risk assessment, planning and policy decisions, claims against the Company, probability of loss, and develop cost-effective risk mitigation strategies
• Draft complex legal documents, review and negotiate documents prepared by outside counsel
• Independently resolve moderately complex issues and lead team to meet deliverables
• Identify and analyze complex legal issues, develop conclusions and make recommendations for issue resolution
• Develop the strategic direction for certain claims functions and management of related policies, procedures and controls to mitigate risk
• Educate, train, and supervise less experienced attorneys within the Legal department
• Collaborate with peers, colleagues and mid-level managers to resolve issues and achieve goals
• Lead projects, teams or serve as a mentor for less experienced staff
• Work directly with business clients and develop an in depth understanding of business unit activities and products
• Partner with business leaders and management of other corporate departments to develop and implement risk management programs

Required Qualifications, US:

• 4+ years of Law 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:

• It is expected that candidates for the position will have experience in providing the type of advice, counsel and client advocacy described above to regulated financial institutions and their most senior business, risk and compliance executives
• General familiarity with Fair lending and Consumer Credit laws and regulations
• Legal and technical advice regarding consumer banking laws and regulations as applied for a wealth segment.
• Experience with Regulations D, E, Z, CC, DD, Fair Banking, Federal Reserve and FDIC Regulations, Privacy Act rules, UDAAP and RSNIP
• Prior in-house regulatory experience at a large financial firm or experience at a bank regulatory agency is preferred
• Strong analytical and problem solving skills
• Strong collaborative working style

About Wells Fargo

Wells Fargo is a leading financial services company with approximately $1.9 trillion in assets. In the U.S., it serves one in three households and more than 10% of small businesses, and is a leading middle-market banking provider. Wells Fargo works to create positive social impact in the communities it serves by supporting housing affordability, small business growth, financial health, and a low-carbon economy.

Connections working at Wells Fargo