Wells Fargo is seeking a Senior Business Accountability Specialist to support risk related activities on behalf of the Payments Transformation organization. This includes executing deliverables related to control development and documentation, Issue Management, and coordination of testing and validation activities.
In this role, you will:
Support complex initiatives with broad impact which are designed to mitigate current and emerging business risk issues and concerns; act as key participant in large-scale, cross-functional planning for the business. Build effective risk oversight routines, including effective status reporting and storytelling for operational risk for the organization.
Assess, analyze, and design complex and multi-faceted controls, protocols, and approaches with respect to risk mitigation and the control environment, including ensuring effective planning for sustainability, ongoing control adherence, reporting, measurement, technology impacts, and monitoring
Collaborate and consult with peers, colleagues, and senior-level managers to identify current and emerging risks associated with business activities and operations, and provide guidance in interpreting, developing, and implementing risk-mitigating strategies
Support the coordination of Audits, Compliance reviews, and all testing and validation related operations activities, including walkthroughs, documentation, and issue management for all related inquiries. This may include regulatory and external examiners.
Have accountability for collecting all required input from line level management in coordination with the timeframes and deliverables.
Manage assigned corrective actions and related SHRP issues through to resolution, including accountability for full scope documentation, management of tollgate review meetings, and escalation to leadership for any time sensitive adjustments
Support RSCA (Risk Control Self-Assessment) activities including maintaining process mapping and flows for the Payments Transformation organization and assists in the coordination of operational activities to comply with the RCSA program.
Identify and recommend opportunities for process improvement and risk control development
May serve as a mentor for lower-level staff
Required Qualifications:
4+ years of risk management, business controls, quality assurance, business operations, compliance, or process experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
Desire Payments experience
Knowledge and understanding of Shared Risk Platform (SHRP) / Veritas such as reporting and issue management
Knowledge and understanding of Risk and Control Self-Assessment (RCSA)
Experience with tracking, monitoring, and implementing corrective actions or information security exceptions for Operational Risk or a combination of both.
Knowledge and understanding of compliance or operational risk
Ability to communicate effectively, in both written and verbal formats and, with senior executive-level leaders
Ability to facilitate and lead meetings with key business partners, with focus on leading operational risk programs
Ability to build relationships with leaders and team members in a geographically dispersed team environment
Ability to execute in a fast paced, high demand, environment while balancing multiple priorities
Ability to quickly learn business operations and processes
Strong attention to detail and accuracy skills
Ability to work effectively, as well as independently, in a team environment
Intermediate Microsoft Excel skills
Posting End Date: 18 Sep 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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