Senior Company Counsel - Fiduciary Investment & Personal Trust (FIPT)
Company: Wells Fargo
Posted on: November 17, 2019
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based
financial services company with $1.9 trillion in assets. Wells
Fargo's vision is to satisfy our customers' financial needs and
help them succeed financially. Founded in 1852 and headquartered in
San Francisco, Wells Fargo provides banking, investment and
mortgage products and services, as well as consumer and commercial
finance, through 7,600 locations, more than 13,000 ATMs, the
internet (wellsfargo.com) and mobile banking, and has offices in 32
countries and territories to support customers who conduct business
in the global economy. With approximately 263,000 team members,
Wells Fargo serves one in three households in the United States.
Wells Fargo & Company was ranked No. 29 on Fortune's 2019 rankings
of America's largest corporations.
Wells Fargo Legal Department
The Legal Department strives to offer services in accordance with
the highest standards of judgment, integrity and ethical
leadership. The Legal Department partners with clients to find
solutions that best serve customers and contribute to the success
of Wells Fargo. It seeks to create a stimulating, diverse and
collegial work environment in which team members collaborate
effectively among themselves and with other groups throughout the
Wealth and Investment Management (WIM)
Wealth and Investment Management businesses build enduring client
relationships through sound, thoughtful and objective advice. We
help our clients by developing individualized plans for everything
from retirement goals to business succession planning, to family
legacy intentions. Services include comprehensive planning and
advice, investment management, brokerage, private banking, estate
planning strategies, trust, insurance and both individual and
We are seeking a senior fiduciary attorney to join the team of
attorneys supporting the personal trust and asset management
offerings of the Wealth and Abbot Downing fiduciary businesses. The
candidate will provide legal counsel and advice on all aspects of
the legal and regulatory framework related to personal trusts,
estates, philanthropic offerings and fiduciary administration and
Provide counsel and advice on the application of a variety of laws,
regulations and uniform acts including multi-state trust and
probate laws that apply to the bank's investment and administrative
activities as fiduciary.
- Advise on federal regulations governing the fiduciary
activities of national banks as promulgated in 12 C.F.R. Part 9,
and relevant guidance, handbooks and interpretive letters of the
Office of the Comptroller of the Currency (OCC).
- Provide counsel and advice on matters involving the Internal
Revenue Code and state tax laws as they impact the bank's
activities and responsibilities for fiduciary accounts.
- Provide significant fiduciary subject matter expertise on
complex pre-litigation and litigation matters and claims.
- Identify, and oversee the handling and monitoring of systemic
issues and projects that pose legal, regulatory and reputational
risk to the bank.
- Identify and analyze complex legal issues arising out of
strategic initiatives as well as develop conclusions and recommend
solutions while working directly with key business leaders and
- Lead section and/or Legal Department initiatives of varying
scope and complexity.
- Actively participate and seek leadership roles in industry
trade associations and bar association activity impacting the
trust, estates and fiduciary areas of the law.
- Work collaboratively with members of the section and other
subject matter experts in the Legal Department to advance and
coordinate effective legal support for the Wealth and Abbot Downing
- Take an active role in the development and mentoring of other
attorneys and staff.
- Foster an environment that ensures strong communication and
cooperation across the business, the Control group, Compliance,
Risk and Audit to facilitate transparency, balance and credible
- Sustain a strong risk culture that identifies and provides
oversight and escalation of existing and emerging compliance and/or
risk issues across business groups, legal entities, geographies,
and jurisdictions; and ensure that escalated risk issues receive
appropriate senior management attention.
- Create a culture of excellence by proactively assisting with
attracting, retaining and developing a team of talented and diverse
legal professionals to support the Wealth and Abbot Downing
business. The Candidate
The successful candidate for this role will 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.
- 10+ years of experience as a practicing attorney; or 8+ years
of experience as a practicing attorney and 2+ years of
legal-related experience in one or a combination of the following
areas: risk, compliance, contracts, government, regulatory,
financial services, or technology. Active State Bar membership
- Active State Bar membership
- Ability to analyze legal and regulatory issues in area of
practice and provide effective advice to clients on complex legal
- Extensive experience conducting research and providing counsel
and guidance regarding complex legal issues
- Strong attention to detail and accuracy skills
- Excellent verbal, written, and interpersonal communication
- Ability to effectively organize and prioritize work while
handling multiple matters
- Ability to work effectively in a complex environment with a
high degree of collaboration
- Effective in building partnerships, functioning well with
project teams, and working for the success of the team
Other Desired Qualifications
- Experience representing professional and corporate
- California Trust, Estate and Fiduciary Expertise
- Ability to analyze legal issues in investment advisor, asset
management and fiduciary businesses and provide effective advice to
clients on complex legal matters.
- Organizational courage and willingness to make tough, informed
decisions and thoughtfully share independent perspectives.
- Strong analytical, critical thinking and problem-solving
skills, coupled with an ability to translate ambiguous ideas/issues
into well-defined plans/solutions with a track record for
- Effective communicator, both orally and in writing, able to ask
well-crafted questions and present ideas in a clear and compelling
manner, good listener who engenders creative thinking and
- An ability to develop and articulate sound proposals to key
stakeholders, and an ability to influence and drive timely decision
- Proven ability to cultivate relationships and collaborate with
multiple stakeholders and constituencies, including business
leaders, legal, audit and multiple U.S. and non-U.S.
- Proven experience developing a strategy to support a mutual
fund business and experience gaining consensus across key
functional leadership areas through effective communication and
successful delivery against goals and objectives.
- Ethical integrity and proven ability to serve as a role model
by reinforcing and demonstrating to your team members the core
values and behavioral expectations contained in Wells Fargo's
Vision, Values & Goals. Location: San Francisco, CA preferred;
Charlotte, NC; Minneapolis, MN; other Wells Fargo locations may be
All offers for employment with Wells Fargo are contingent upon the
candidate having successfully completed a criminal background
check. Wells Fargo will consider qualified candidates with criminal
histories in a manner consistent with the requirements of
applicable local, state and Federal law, including Section 19 of
the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and
transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity
Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual
Keywords: Wells Fargo, Burnsville , Senior Company Counsel - Fiduciary Investment & Personal Trust (FIPT), Legal , Minneapolis, Minnesota
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