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Wells Fargo is seeking a Control Management Specialist.
Job Responsibility:
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
Review and analyze basic business challenges that require research, evaluation, and selection of alternatives
Develop and implement risk monitoring, risk reporting processes, and controls while evaluating and reporting results where necessary
Present recommendations for resolving complex situations and exercise independent judgment while developing Control Management functional area expertise
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
Requirements:
2+ 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
Experience in Supervisory Control/Trade Surveillance/Transaction monitoring/ Information Barrier/Control room experience, or equivalent including direct experience reviewing alerts in Trade/Information Barrier/Control room in a Surveillance role
Bachelor’s/master’s degree or any professional degree (Preferably CA/CS/CFA etc.) is required
Extensive experience in the review of trade surveillance/transaction monitoring alerts across market conduct / market abuse behaviors as well as rules-based surveillance using surveillance applications (Actimize, OneTick)
Strong understanding of Unauthorized surveillance scenario - FCA MAR, Dodd Frank Act Title VII and CFTC/SEC regulations, etc.
Prior experience executing a process documentation and maintaining relevant procedures
Experience in credit, commodities, fixed income, FX, equities, and other derivatives at global financial institutions
Proficient knowledge of data sets for capital markets trading, including but not limited to quotes, orders and executions
In depth knowledge of US/UK Unauthorized trading Regulations and similar FCA MAR Behaviors, SEC, FINRA market abuse rules and regulations
Familiar with gathering data and corresponding materials in support of internal audits and/or regulatory requests
Experience with drafting, updating, and maintaining procedure manuals documenting team processes
Demonstrated ability to handle multiple tasks in a fast-paced environment
Strong written communication and verbal communication skills in English
Excellent analytical skills and strong attention to detail
Must exhibit highest standards of integrity and maintain confidentiality
Experience in creating MIS for senior management
Nice to have:
Be part of the Front-Line Market conduct and supervision team and responsible for review, research and disposition of Unauthorized Surveillance and rule-based trade surveillance/transaction monitoring alerts across the following asset classes: credit, commodities, fixed income, FX, equities, and other derivatives
Develop, oversee, and provide independent credible challenge to standards
Support the development and performance of surveillance controls to identify misconduct and market abuse, including user-acceptance testing of next generation systems and first line-of-defence monitoring routines in relation to consequential risks
Perform basic or tactical ongoing regulatory and operational reviews as well as other duties related to best practices and opportunities for additional synergies to maximize efficiencies
Collaborate and consult with Onshore teams and India Management for any escalations and process improvement ideas
Identify any non-compliant or suspicious activity and escalate questionable trading activity to the onshore team (L2 team)
Assisting with analysis and implementation of new and enhanced surveillance reviews and processes
Interfacing with relevant stakeholders to review and escalate potential manipulative trading behaviors
Actively participate in team meetings. Bringing solutions / suggestions / recommendations to the table