Control Mangement Specialist

About this role:

Wells Fargo is seeking a Control Mangement Specialist.

In this role, you will:

• 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
• Monitor, measure, evaluate, and report impact of decisions and business controls to the relevant business group and enterprise function
• Contribute to the strategy and resolution of highly complex current and emerging risks requiring in depth evaluation across multiple areas or the enterprise
• Provide vision, direction, and expertise to more experienced leaders on implementing innovative and significant business solutions for highly complex risks associated with business operations
• Engage with all levels of roles across the business group, and serve as an experienced advisor in designing and implementing risk mitigation strategies, business processes, and controls that mitigate risks and address regulatory requirements
• Participate in mitigating current and emerging risk exposures associated with the activities and operations of the assigned business group, and identify opportunity for process improvements within the scope of defined business control responsibilities
• Develop and implement risk monitoring, risk reporting processes, and controls while evaluating and reporting results where necessary
• Provide support in the interpretation of policy, guidelines, and governance programs as front line liaison to Independent Risk Management area
• Collaborate and consult with Control Management team and key stakeholders, including internal customers

Required Qualifications:

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

Desired Qualifications:

• Adequate project management skills including the ability to handle multiple projects concurrently
• Knowledge and understanding of project management and implementation in a matrix managed environment
• Adequate knowledge of issue management policy
• Knowledge and understanding of reporting and issue management
• Knowledge and understanding of metrics based analysis: reporting and trend analysis
• Good working knowledge of Commercial Banking, its products and services, and relevant risks and controls of the business will be an advantage
• Working knowledge of the Risk Management Framework (RMF) concepts and policies across risk types (regulatory, financial crimes, credit, operational, etc.)
• Excellent communication skills (verbal, written and interpersonal); ability to concisely articulate complex concepts in a clear manner
• Strong analytical skills with high attention to detail and accuracy
• Highly professional, adaptable and pro-active mindset
• Demonstrated capability to confidently raise issues, escalate early, and engage in constructive credible challenge independently
• Adequate Microsoft Office skills
• Technical understanding of specific business operations, processes, products, and customer interac ions where they manifest risk
• Ability to assess and determine when to raise concerns and escalate
• Pro-actively resolve conflict and maintain objectivity
• Ability to conceptualize, develop, and deliver quality analysis and highly actionable management information
• Demonstrated capacity to pro-actively and independently analyze and solve problems and address risks with the business unit’s risk appetite and all risk and compliance program requirements

Job Expectations:

• Continuously engage in discussions with LOB partners on risk and control issues across all risk types.
• Risk and Control Self-Assessment (RCSA): Guide the CB business leader(s) through detailed risk and control evaluations.
• Issue / Incident Management and Loss Capture: Assess operational risk incidents using methods such as root cause analysis. Consult with business to develop corrective action plans.
• Oversee implementation progress and conduct validation efforts as required. 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 regular risk reports for communication of risk ratings, issues and key topics.
• Exams / Reviews: Coordinate with internal testing engagements such as Enterprise T&V, Internal audit, and Regulatory exams.
• Projects & Platform Initiatives: 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.
• Follow and adhere 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.

Posting End Date: 

30 May 2024

*Job posting may come down early due to volume of applicants.

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.