• Job Description

  Req#: R-354548

  About this role:

  Wells Fargo is seeking a Markets Cross Asset Business Control Manager in the Corporate & Investment Banking (CIB) Control Team as a Senior Lead Control Management Officer. The position will be responsible for leading risk identification, assessment, escalation, and mitigation strategies, and will perform programmatic day to day risk and control activities in support of and partnership with front line business teams. The leader should demonstrate “brilliance in the basics” in the execution of the Control function to meet regulatory commitments on time and with sustainable quality, while measurably improving the Wells Fargo control environment.

  Within CIB Control, this position resides in the Cross Markets Business Aligned Control team and will support programs and initiatives linked to our Global Markets business which includes six lines of business i.e., Equities, Structured Products Group, FX, Rates, Commodities, etc. The role will support the global business to design and implement first line controls with respect to a variety of regulatory requirements, Wells Fargo policies and industry best practices for aspects of the business that are apply across Markets. The role will lead programs on behalf of the Markets business which will include RCSA, Root Cause Analysis, Issue Management and Governance & Reporting. Additionally, this role will lead many of our efforts in relation to various projects and initiatives.

  This role will be expected to take on leadership accountabilities in support of the risk transformation initiatives and will operate as the primary point of contact with key partners including Business Leadership, Control, Independent Risk, and Internal Audit. Other responsibilities include, but are not limited to, providing risk management leadership and expertise on applicable bank policies and related risk and control process requirements.

  Specific responsibilities include:

  • Guide the business leaders through detailed risk and control evaluations and supporting observations, maintaining recurring forums to evidence management focus on risk and control elements of the business across Account Origination, Account Maintenance, and Relationship Management horizontals.
  • Continuously engage in discussions with LOB partners on strategy, industry trends, and organizational, systems, products and services changes to determine impact and identify and remediate risk and control issues across all risk types.
  • Consult with business process owners to develop corrective action plans and control redesign. Oversee implementation progress and conduct control evaluation efforts as required.
  • Manage governance routines for Markets, supporting the global, cross-product business.
  • Coordinate with business and support partners for creation of Self-Disclosed issues in Issues Management system of record. Record losses in the system of record, as applicable.
  • Management Reporting: Establish and update recurring and timely reports on risks, initiatives, and deliverables for communication with business leaders and risk partners.
  • Control development, projects & platform initiatives: Develop business cases to influence process owners, control owners, business sponsors, and key risk partners on the need for additional or improved controls to mitigate risk; Work with the business and support teams to provide operational risk expertise and consulting for projects and platform initiatives, taking into account impacts to risk & control framework.
  • Monitor and evaluate emerging risks, operational trends, and external events for potential impact to the control environment.
  • Maintain a clear view of relevant business processes, governance channels, internal testing, audit, regulatory engagements and prioritize internal preparation.
  • Manage various initiatives and projects as they manifest, through design to completion.

  
  Required Qualifications:

  • 7+ years of Risk Management or Financial Services Industry experience, or equivalent experience demonstrated through one or a combination of the following: work experience, training, military experience, education

  
  Desired Qualifications:

  • Extensive knowledge of Target State RCSA, process, purpose, scope, the Risk Accountable Unit (RAU) Owners roles and responsibilities roles, accountabilities, and deliverables.
  • Experience in large and complex banking or broker/dealer institutions, risk management leadership experience in multi-jurisdictional global financial institution.
  • Proven experience with Enterprise Risk Identification process; proven track record building and implementing risk programs.
  • Direct experience in operational risk reporting and escalation programs.
  • Prior experience in risk process improvement, standardization and automation of business and control processes, quality assurance and control routines, and risk and control metrics and reporting.
  • Substantial knowledge and experience in risk management practices and applicable systems and applications.
  • Knowledge of the Risk Management Framework (RMF) concepts and policies across risk types (regulatory, financial crimes, credit, operational, etc.)
  • Ability to synthesize data and observations from a variety of sources, deliver succinct summaries (both verbal and written), and enact response quickly.
  • Capable of diagnosing business needs, conceptualizing and initiating planning, organizing the enlistment of response teams, and the implementation and management of change
  • Personal ability to understand and operate successfully in a complex, heavily matrixed corporate environment.

  Job Expectations:

  • Ability to work a hybrid in-office schedule of three days onsite per week at one of the locations listed below. Relocation assistance is not available.

  Office Locations:

  • 500 W 33rd St, New York, NY
  • 550 S Tryon, Charlotte, NC

  Salary Range:

  • Target Base Salary Range: $144,400-222,200
  • This role may be eligible for an annual discretionary bonus

  Pay Range

  $144,400.00 - $300,000.00

  Benefits

  Wells Fargo provides all eligible full- and part-time employees with a comprehensive set of benefits designed to protect their physical and financial health and to help them make the most of their financial future. Visit Benefits - Wells Fargo Careers for an overview of the following benefit plans and programs offered to employees.

  • 401(k) Plan
  • Paid Time Off
  • Parental Leave
  • Critical Caregiving Leave
  • Discounts and Savings
  • Health Benefits
  • Commuter Benefits
  • Tuition Reimbursement
  • Scholarships for dependent children
  • Adoption Reimbursement

  Posting End Date:

  4 Apr 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.

  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.

• About the company

  Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco.

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