Wells Fargo is seeking a Lead Control Management Officer to support risk execution initiatives in the Corporate & Investment Banking (CIB) Client Lifecycle Management division. The Client Lifecycle Management (CLM) division provides client support services to Corporate Banking and Commercial Real Estate clients. This position will be aligned to the CIB Control organization and will be responsible for execution of risk and control activities. The candidate will work with CLM leaders while partnering with CIB Banking, Commercial Real Estate, and CIB COO representatives to execute risk and control requirements. Responsibilities include but not limited to risk identification, risk assessments, and ongoing examination of CLM controls.
Role Responsibilities:
Risk and Control Self-Assessment (RCSA): Contribute to RCSA assessments through detailed risk and control evaluations, and collection of metrics and supporting observations. Partner with CLM Leaders, Compliance, Operational Risk Business Oversight, Regional Control representatives to ensure major compliance requirements and controls are aligned and developed to mitigate risks. Liaise with control owners to recommend and update existing controls to improve the overall effectiveness and record in the system of record, as applicable.
Risk Assessment: Risk Identification, Inherent Risk Assessment, Control Assessment, Root Cause Analysis and Residual Risk Assessment: Conduct risk assessments to evaluate the adequacy and effectiveness of policies, procedures, processes, systems, technology, and internal controls.
Control Development: Develop strategies to influence control owners, business sponsors, and key risk partners on the need new or enhanced controls to mitigate risk.
Issue Management: Serve as an escalation point of contact for CLM on issue identification and drive corrective action planning, while providing support through issue resolution and closure.
Change Management (projects & platform initiatives): Provide operational risk expertise and consulting for projects and platform initiatives with considerations of impacts to risk & control framework.
Liaise with Control team partners across CIB, Wholesale Lending Operations, and Global Treasury Management on cross line of business process flows to ensure CIB processes and controls are well defined, effective and sustainable.
The ideal candidate must have the ability to manage and prioritize competing projects and work with functional leaders to obtain resources, influence outcomes and address conflicts; ensure plans/programs adhere to appropriate policies and regulations and provide guidance to less experienced team members. This is a hybrid role with some on office expectation. Learn more about our career areas and business divisions at wellsfargojobs.com.
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:
5+ years of Commercial/Corporate Banking client service experience
Prior experience with issues management and/or risk mitigation projects
Knowledge and understanding of CIB Banking and/or Commercial Real Estate products & services
Excellent verbal, written, and interpersonal communication skills
Strong leadership skills including: Ability to lead by example with high energy, transparency, relationship management expertise and influencing skills
Demonstrated experience playing a lead role in cross functional or enterprise-wide teams and developing collaborative working relationships with a variety of constituents
Significant experience with operational support and initiative implementation including the ability to synthesize and summarize large amounts of information, derive the implications, and present them in an effective way
Strong analytical and problem solving skills
Strong organizational, multi-tasking, and prioritizing skills needed to operate in a matrix organization environment
Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
Job Expectations:
Ability to travel up to 5%
Posting Locations:
Charlotte, NC: 550 S. Tryon
New York, NY: 30 Hudson Yards
Pay Ranges:
Charlotte, NC: $111,100 - $197,500
New York, NY: $133,300 - $237,800
Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates. $111,100.00 - $237,100.00 Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance
Parental leave
Critical caregiving leave
Discounts and savings
Commuter benefits
Tuition reimbursement
Scholarships for dependent children
Adoption reimbursement
Posting End Date: 29 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.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
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Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
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b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.