Control Management Lead Officer
3 days ago
Corporate Title: Vice President
Role Type: Individual Contributor
About this role:
Wells Fargo is seeking a Control Management Lead Officer
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
- Ensures that business control issues are proactively identified and addressed appropriately, escalating where necessary.
- Supports a strong risk management culture through the implementation of key risk management programs into the standard operating framework of the business.
- Overall 15+ years of experience in risk management or 15+ years of financial services industry experience, of which 12+ years must include direct experience in risk and control management, Program management, leadership experience of 5+ years
- B Com, BBM, MBA, M Com with Business, Finance, Banking, Accounting or Economics as preferred major subject.
- Understanding of Consumer Lending products and services Like Home Lending Operations, Auto Operations, Cards and Merchant Services Operations
- Knowledge and understanding of operational risk management in the financial services industry
- Proven leadership and project management skills to drive alignment across stakeholder groups to develop and deliver repeatable end-to-end risk management solutions and controls aligned with group's processes
- Ability to evaluate changes to laws, processes, etc. to assess impacts and to develop implementation plan to close gaps
- Comprehensive understanding of operational risk management and or operations process management
- Understanding of US banking regulatory requirements. Applies product/domain knowledge to improve/add value to the processes, Line of defense Structure
- Familiar with various quality assurance techniques, issue verification frameworks and role of issue oversight, Audit, or internal controls assessment experience
- Knowledge and understanding of financial services: regulations, compliance, policies, process, and procedures
- Ability to consult, build, and maintain solid working relationships in and outside of immediate department
- Experience working in a matrixed environment and the ability to effectively manage and build relationships
- Ethical integrity and demonstrated ability to identify risks and confidently raise issues, escalate early and engage in constructive challenge, doing so independently
- Ability to manage initiatives involving process improvements
- Ability to influence, partner, and negotiate with senior business leaders to gain commitment to accomplish business goals
- Ability to prepare management level presentations
- Lead complex initiatives designed to mitigate current and emerging risks with broad impact specific to programs and processes implanted in response to the consent orders and regulatory matters requiring attention
- Work directly with the senior global leaders and local reporting manager on location specific governance.
- Perform reviews on transitions per Transition Framework, Controls opinion/acknowledgement, Second-line engagements etc.
- Support functionally to meet the BCM goals and control coverage requirements. The job involves interacting with the business group managers, onshore/offshore partners to understand and analyze the processes, identify risks and controls in the processes, evaluate the controls, End to End Issue Management support Business and publish various reports to stakeholders.
- Should have sound understanding of risk management principles and will be responsible for ensuring appropriate control coverage is provided for the assigned business group, be a strong partner for business group to identify risk, control gaps and help to remediate any issues.
- Timely update, reporting and escalation of issues. Closely work with GDAs to identify, assess and mitigate deficient controls / control gaps or risks identified in the processes
- Partners with BG/EF to facilitate issues partners throughout the issue lifecycle including Root cause identification, Corrective action development and RCSA alignment.
- Experience in evaluating the adequacy and effectiveness of policies, procedures, processes, systems and internal controls; additional experience analyzing business and/or systems changes to determine impact.
- Responsible to assist for control forums and provide necessary reporting for the assigned business group which includes report & escalate issues, key risks, control gaps, corrective actions, OREs and align them to the respective onshore Risk and Control Committees.
- Be a subject matter expert with respect to aligned lines of businesses.
- Working Hours: 4-6 hours overlap with US Team
Posting End Date:
30 Jul 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.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
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