Commercial Banking Risk Management Senior Leader

Wells Fargo is seeking a highly skilled Commercial Banking Control Management Senior Manager to join their team.

The Commercial Banking Control @I&P is responsible for delivering a consistent approach to business operations across Wells Fargo, strengthening the company's risk and control infrastructure, and delivering effective and efficient enterprise services to employees and customers.

In this role, you will:

1. Manage and develop a team of control professionals across various levels and may include people managers, based on business needs in accomplishing group strategic priorities.
2. Drive integration and operate as one global team with control management leaders and team members across the globe.
3. Execute and implement business control priorities and strategy; drive the control agenda across the business.
4. Act as an advisor to more experienced leaders in developing risk mitigation strategies for complex and highly integrated business-specific risk across different business lines.
5. Evaluate and provide strategic guidance for programs, policies, and procedures to ensure alignment with regulatory requirements and risk strategies.
6. Identify and recommend Business Controls opportunities for process improvement and risk control development by managing and directing teams on strategy and execution of activities.
7. Support the business for the design of business-specific risk controls/processes and development of remediation plans to address any control weaknesses or gaps and identifies opportunities for enhancements.
8. Ensure that business control issues are proactively identified and addressed appropriately, escalating where necessary.
9. Oversee programs or initiatives related to a line of business and/or an Enterprise strategy with considerable impact across the Enterprise and externally.
10. Determine appropriate strategies and actions of Business Controls functional area to meet moderate to high-risk deliverables by ensuring that all business risk issues are proactively identified and addressed appropriately.
11. Key interface and fosters relationships with corporate, business heads, Corporate Risk, Legal, Audit, regulators, and industry partners regarding risk management of business-specific risk programs.
12. Manage allocation of people and financial resources to ensure commitments are met and aligned with strategic objectives in Business Controls functional area.
13. Develop and guide a culture of Strong Controls Mindset, talent development to meet business objectives and strategies.

6+ years of Risk Management or Business Controls experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

3+ years of Management experience

Experience in assessing risk, reviewing risk ratings, and identifying control deficiencies.

CA, MBA with Business, Finance, Banking, Accounting or Economics, postgraduates in relevant discipline

Understanding of Commercial Banking products and services

Adaptable to a dynamic work environment with multiple priorities and strict timelines and able to organize for responsiveness and efficiency

Proven ability to work within a team environment as well as individual accountability

Ability to make timely and independent judgment decisions while working in a fast-paced and results-driven environment. Propensity to deliver high-quality output

Ability to synthesize data from a variety of sources and deliver results quickly.

Novice negotiation skills include the willingness and ability to question decisions, understand direction, and escalate issues, where necessary.

Experience evaluating the adequacy and effectiveness of policies, procedures, processes, systems, and internal controls; additional experience analyzing business and/or systems changes to determine impact.

Familiar with various quality assurance techniques, issue verification frameworks, and role of issue oversight, Audit, or internal controls assessment experience

Understanding of US banking regulatory requirements. Applies product/domain knowledge to improve/add value to the processes, Line of defense Structure

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

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 business/customer processes

Risk Identification Support: Perform process walk-throughs to identify and raise self-identified issues and heighten Issue Management discipline in the frontline. Facilitate/participate in workshops for aligned business verticals or trigger events in BAU, Review and Challenge Board prep, Suite of Controls reviews post-workshop, and day-to-day in BAU, Conduct NBI Review, Day-to-day contact for business or enterprise function

Issue Management Support: Conduct periodic issue meetings with business partner(s) inclusive of designed strategy to remediate issues which garner residual risk reduction, Review and approve PVCs, issues, CAs, ISMs, and tollgate documents, Conduct thematic analysis across assigned vertical as well as with peers, Facilitate Tollgates, Review issue status updates

Transition Control Related Reviews: Perform reviews on transitions per Transition Framework, Controls opinion/acknowledgement, Second-line engagements, etc.

Risk & Control Self-Assessment (RCSA): Provide Control support for GDA Mapping for I&P Legal Entities in partnership with the RCSA program team.

Control Design & Evaluation: Assesses controls to ensure appropriately mitigates risk, Partners with BG/EF to appropriately design controls and QA/QC monitoring activities, Partner with business process owners in process and control design

Control Council Routine: Support the Control Council and help build stronger accountability and ownership in the control environment

Governance & Reporting Routines: Establish Controls governance/reporting routines to provide Risk & Controls landscape view and escalate issues as appropriate. Identify emerging risks or escalations that require Risk & Control Committee review, Provides root cause analysis and plans actions for breaches of defined reporting triggers, Partners with BG/EF leaders to develop Risk & Control Governance Committee and forum materials/discussion items, Participates in the BG/EF design of key metrics to oversee business risk, Facilitate other front-line governance activities

Control Programs: Executes against the requirements of enterprise Control Programs as set forth in Policy and by the Control Programs team, Partner with business process owners to execute risk program execution (e.g., annual assessment of KRIs)

Advisory role: Provide input into enterprise policies and procedures, Key business initiatives, and continue to engage in Risk & control management discussions with the LOB Functions, Business partners, and Operations

Posting End Date:
28 Nov 2024

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.