Apply in 3 Minutes: Lead Control Management Officer

Job Description

About this role:
Wells Fargo is seeking a Lead Control Management 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

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:
Knowledge and understanding of operational risk management in the financial services industry
Risk and Controls (first line or second line of defense in Banking/financial industry)
Understanding of Consumer, Small and Business Banking products and services.
Business Control Lead Officer who is responsible for supporting Risk & Control Self Assessments (RCSA) execution and change management program.
Candidate will be responsible for proactive self-identification of issues and events, root cause analysis, resolution of control deficiencies and provides insight into emerging risks while operating in a very dynamic manner, connecting and building relationships with key partners across respective Consumer, Small and Business Banking (CSBB) Business Group / Enterprise Function.
Ability to evaluate changes to regulations, 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 consumer laws
Strong leadership skills with the ability to interact and lead discussions comfortably with senior levels of management
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
Ability to manage initiatives involving process improvements
Excellent communication skills and ability to articulate complex material to a diverse audience
Ability to influence, partner, and negotiate with senior business leaders to gain commitment to accomplish business goals
Ability to prepare management level presentations
Ability to lead projects/initiatives with high risk and complexity

Job Expectations:
Identify, assess and mitigate risks across all risk types, in coordination with Line of Business (LoB) and assurance activities consistent with the risk management framework and policies established by the Bank.
Support LOB's Risk & Control Self-Assessments (RCSA) affirmation process(s) and related feeder/governance meetings.
Review and approval process for line managers through senior management. Support the execution and maintenance of RCSA program which includes:
Identify risks applicable for the Risk Assessable Unit (RAU)
Ensure data is up to date
Identify items that are applicable to the RAU in the data provided
Identify risk drivers
Ensure process inventory is updated in the RCSA RAU
Assesses, documents, and communicates emerging risks, themes and identified control deficiencies to management and risk partners in a timely manner.
Foster strong relationships with team and collaborate effectively.
Ensures coordination with team, line of business, other business units, Audit, and regulators on risk related topics.
Ensures internal collaboration with the team, line of business/ partners.
Interfaces internally with the team, line of business, and risk partners.
Timely update, reporting and escalation of issues.
Closely work with process owners in India and Philippines to identify, assess and mitigate deficient controls / control gaps or risks identified in the processes
Partners with Business Groups/Enterprise Functions 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.
Assist for control forums and provide necessary reporting for the assigned business group which includes report & escalate issues, key risks, control gaps, corrective actions, Operational Risk Events (ORE) and align them to the respective onshore Risk and Control Committees.

Posting End Date:

30 Mar 2025

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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