Control Management Director

4 days ago


Bengaluru, India WELLS FARGO BANK Full time
About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading global financial services company with $2.0 trillion in assets and offices in over 25 countries. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides asset management, capital raising and advisory, financing, foreign exchange, payments, risk management, and trade finance services to support customers who conduct business in the global economy. At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We also value the viewpoints of our team members and encourage them to be their best. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

About Wells Fargo in India & Philippines

Wells Fargo in India & Philippines enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Technology, Operations, Risk, Audit, Process Excellence, Automation and Product, Analytics and Modeling. We are operating in Hyderabad, Bengaluru, Chennai & Manila locations.

About this role:

Wells Fargo is seeking a Control Management Director to lead & manage Wholesale Business Risk & Control. As the Risk and Control Director, you will be responsible for overseeing and managing all aspects of risk management and control processes within the organization. You will play a key role in establishing and maintaining a robust risk management framework, ensuring that risks are identified, assessed, and mitigated effectively across all business units.

Your primary objective will be to ensure that the company's risk and control framework is in line with industry best practices and regulatory requirements. This will involve implementing and monitoring control policies and procedures, conducting risk assessments, and providing guidance and support to senior management and various departments.

The successful candidate will have a solid background in risk and control management, with a deep understanding of financial services and compliance. You will possess excellent analytical and problem-solving skills, as well as the ability to effectively communicate complex risk-related issues to stakeholders at all levels of the organization.

In this role, you will:
  • Manage and develop a team of multiple levels of directors and managers with focus on delivering service of moderate to high complexity for cross functional stakeholders and internal partners associated with the function or affected by its outcomes.
  • Identify opportunities for process improvement and risk control development by overseeing strategy and execution of all activities.
  • Lead Business Controls team by making strategic decisions to resolve highly complex issues by ensuring all process weaknesses or gaps are identified and remediation plans are supported and acted upon
  • Interpret and develop range of policies and procedures for business functions with moderate to high complexity and risk.
  • Collaborate with and influence corporate heads, business heads, legal, audit, regulators, industry partners, elected officials, and trade groups including more experienced leadership.
  • 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:
  • 8+ 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.
  • 4+ years of Management experience.
Desired Qualifications:
  • Bachelor's degree in finance, business administration, or a related field.
  • Develop and implement the company's risk management framework, ensuring it is in line with industry best practices and regulatory requirements.
  • Conduct thorough risk assessments to identify and evaluate potential risks, and develop strategies to mitigate them.
  • Monitor and analyze key risk indicators, working closely with relevant teams to develop and implement appropriate risk management strategies.
  • Establish and maintain effective processes and controls to manage operational, financial, and compliance risks.
  • Provide guidance and support to senior management and various departments on risk-related matters.
  • Coordinate and oversee the implementation and testing of control policies and procedures.
  • Conduct regular audits to ensure compliance with established risk management policies and procedures.
  • Strong knowledge of risk management frameworks, methodologies, and industry standards.
  • Experience in developing and implementing risk management strategies and controls.
  • Excellent analytical and problem-solving skills.
  • Strong communication and interpersonal skills, with the ability to effectively collaborate with stakeholders at all levels of the organization.
  • Certification in risk management (e.g., CRM, FRM) is highly desired.
  • Proven ability to manage multiple projects and deadlines simultaneously.
Posting End Date:
21 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.

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.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.



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