EBCE Wholesale

3 weeks ago

Hyderabad, India WELLS FARGO BANK Full time
About this role:

Wells Fargo is seeking a Control Management Senior Manager

In this role, you will:
  • Manage and develop a team of managers, experienced officers, and officers in roles with moderate complexity and risk in accomplishing goals and priorities associated with the functional area
  • Engage and influence corporate heads, business heads, legal, audit, regulators, and industry partners associated with the function, or who are affected by its outcomes
  • Identify and recommend Business Controls opportunities for process improvement and risk control development by managing and directing teams on strategy and execution of activities
  • 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
  • Interpret and develop policies and procedures for functions with moderate complexity within defined scope of responsibility
  • Collaborate with and influence key stakeholders including managers
  • Interact directly with relevant business groups
  • Manage allocation of people and financial resources to ensure commitments are met and aligned with strategic objectives in Business Controls functional area
  • Develop and guide a culture of Business Controls talent development to meet business objectives and strategies
Required Qualifications:
  • 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
Desired Qualifications:
  • University degree in Business or related discipline.
  • Experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management)
  • Responsible for leading the Control Evaluation team for Wholesale (Commercial Banking, Corporate & Investment Banking & Wealth & Investment Management)
  • Responsible for evaluating controls to ensure proactive self-identification of issues and events, connecting and building strong working relationships with key partners. The accountabilities of this position include, but are not limited to:
  • Ensure and empower Managers & Leads to complete the control evaluations, which may vary in complexity and risk level, and perform quality reviews of these evaluations. Broad understanding of quality reviews to ensure the accuracy of evaluation scope, test scripts, assessment results, and control deficiencies identified.
  • Liaise with Wholesale Pillar Lead & work with POD leaders on development, maintenance and execution of control evaluation test scripts and evaluation strategies. Ensures control evaluations are completed on schedule. Maintains and executes the Evidenced-Base Control Evaluation Plan.
  • Assesses, documents, and communicates emerging risks, themes and identified control deficiencies to management and risk partners in a timely manner.
  • Confirms any control deficiencies discovered during the completion of the control evaluation are properly documented and follow through on reporting, escalation, and resolution.
  • Cultivates strong relationships with team and collaborate effectively. Ensures coordination with team, line of business, other business units, Audit, and regulators on risk related topics and provide risk perspective and recommendations as appropriate.
  • Completes applicable documentation in accordance with requirements.
  • Creates a culture of excellence by proactively attracting, retaining and developing a team of talented and diverse professionals.
  • Effective communicator, both orally and in writing, able to ask well-crafted questions and present ideas in a clear and compelling manner, good listener who engenders creative thinking and teamwork.
  • An ability to develop and articulate sound proposals to key stakeholders, and an ability to influence and drive timely decision making.
  • Interfaces internally with the team, corporate, line of business, and risk partners. Interfaces externally with third party service providers and industry partners on risk related topics.
Job Expectations:
  • Experience in building and managing teams, developing talent, and providing strong, proactive leadership.
  • Proficient at effectively working and collaborating with teams within a matrixed organization.
  • Experienced in building constructive and effective relationships. Delivers on commitments and renegotiates when needed. Strong sense of accountability.
  • Broad understanding of risk types, methodologies and frameworks for evaluating or testing controls and assessing results, conducting research, and identifying control deficiencies.
  • Experience drafting and executing control evaluation test scripts to assess the design and performance of internal controls.
  • Creates and mentors on building constructive and effective relationships.
  • Experience implementing control evaluation methodologies to support the target state.
  • 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.
  • Risk management experience with demonstrated leadership skills and ability to drive improvements.
  • Proficient at influencing and consulting strategically across a large organization and with various levels of leadership/stakeholders.
  • Balance strong, innovative problem solving skills with the practical ability to implement workable solutions to problems in a fast-paced, deadline driven environment.
  • Strong risk and control fundamentals.
  • Effectively communicates in both written and verbal formats with senior executive-level leaders.
  • Extensive understanding of operational risk management in the financial services industry.
  • Experience in assessing risk, reviewing risk ratings, and identifying control deficiencies.
  • Demonstrated negotiation skills, especially with difficult topics when partnering with senior management. This includes the willingness and ability to question decisions, understand direction and escalate issues, where necessary.
  • Ability to synthesize data from a variety of sources and deliver results quickly.
  • Demonstrated ability to deliver high quality output from self and team.
  • Position is open for all locations - Hyderabad, Bengaluru & Chennai.
The right candidate will be responsible for leading the Control Evaluation team for Wholesale (Commercial Banking, Corporate & Investment Banking & Wealth & Investment Management) in I&P as the team will be responsible for evaluating controls to ensure proactive self-identification of issues and events, connecting and building strong working relationships with key partners. The accountabilities of this position include, but are not limited to:
  • Ensure and empower Managers & Leads to complete the control evaluations, which may vary in complexity and risk level, and perform quality reviews of these evaluations. Broad understanding of quality reviews to ensure the accuracy of evaluation scope, test scripts, assessment results, and control deficiencies identified.
  • Liaise with Wholesale Pillar Lead & work with POD leaders on development, maintenance and execution of control evaluation test scripts and evaluation strategies. Ensures control evaluations are completed on schedule. Maintains and executes the Evidenced-Base Control Evaluation Plan.
  • Assesses, documents, and communicates emerging risks, themes and identified control deficiencies to management and risk partners in a timely manner.
  • Confirms any control deficiencies discovered during the completion of the control evaluation are properly documented and follow through on reporting, escalation, and resolution.
  • Cultivates strong relationships with team and collaborate effectively. Ensures coordination with team, line of business, other business units, Audit, and regulators on risk related topics and provide risk perspective and recommendations as appropriate.
  • Completes applicable documentation in accordance with requirements.
  • Creates a culture of excellence by proactively attracting, retaining and developing a team of talented and diverse professionals.
  • Effective communicator, both orally and in writing, able to ask well-crafted questions and present ideas in a clear and compelling manner, good listener who engenders creative thinking and teamwork.
  • An ability to develop and articulate sound proposals to key stakeholders, and an ability to influence and drive timely decision making.
  • Interfaces internally with the team, corporate, line of business, and risk partners. Interfaces externally with third party service providers and industry partners on risk related topics.
Manages a team of Senior Managers, Managers, Associate Managers, Senior Officers, Officers, Senior Associates, and Associates or cross-functional teams in accomplishing goals.

Posting End Date:
30 Nov 2024
*Job posting may come down early due to volume of applicants.

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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.

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