Wells Fargo is seeking a Lead Control Management Officer in the Wealth and Investment Management (WIM) - Banking, Lending and Trust (BL&T) Control Team, which is responsible for the implementation and management of the First Line of Defense risk program requirements. Within BL&T Control, this position resides in the Business Aligned Control team and will support the Banking and Credit Solutions team. The position requires an understanding of Risk and Control Identification and Assessment as well as Lending Products, Platforms, Processes and Functions and a strong understanding of inherent risks within the Banking and Credit Solutions arena. The role will support business leadership to design and implement first line controls with respect to a variety of regulatory requirements, Wells Fargo policies and industry best practices.
In this role, you will:
Lead complex initiatives designed to mitigate current and emerging risks with broad impact
Act as key participant in monitoring, evaluating, and measuring the impact of decisions practiced in Control Management functional area
Monitor moderately complex business specific programs, and provide risk management consulting to support the business in designing and implementing risk-mitigation strategies
Monitor, measure, evaluate, and report on the impact of decisions and controls to the relevant business group or functional area
Develop and implement risk monitoring and risk reporting processes and controls
Collaborate with relevant business group to identify current and emerging risks associated with business activities and operations, and provide guidance in developing and implementing risk-mitigating strategies
Lead Control Management project or virtual teams
Required Qualifications:
5+ years of Risk Management or Control Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
Understanding of Process, Risk and Control and experience with RCSA (Risk Control Self Assessments)
Working knowledge of Wealth Management Lending businesses, products and services, operations and servicing and relevant risks and controls of the business
Working knowledge of the Risk Management Framework (RMF) concepts and policies across risk types (regulatory, financial crimes, credit, operational, etc.)
Technical understanding of specific business operations, processes, products, and customer interactions where they manifest risk
Ability to conceptualize, develop, and deliver quality analysis and highly actionable management information
Demonstrated capacity to pro-actively and independently analyze and solve problems and address risks with the business unit's risk appetite and all risk and compliance program requirements
Experience with issue management lifecycle (policy and procedures) standards and remediation requirement
Experience developing, evaluating, and validating corrective actions to ensure sustainability and adequacy in risk mitigation
Posting End Date: 23 Jun 2024 *Job posting may come down early due to volume of applicants.
We Value Diversity
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
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