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Wells Fargo is seeking Lead Control Management Officers to support one of the following areas: Independent Solutions, WIM Shared Services, or National Sales and Marketing. This role will be responsible for the implementation and management of the First Line of Defense risk and control program requirements. This position resides in the Business Aligned Control team for all aspects of the risk and control management framework. The position requires a detailed understanding of Risk and Control Identification and Assessment and a strong understanding of inherent risks within the Wealth Management arena. The role will support business leadership to design and implement first line controls with respect to a variety of regulatory requirements, Wells Fargo policies and industry best practices.
Job Responsibility:
Lead complex initiatives designed to mitigate current and emerging risks with broad impact
Act as key participant in monitoring, evaluating, and measuring the impact of decisions practiced in Control Management functional area
Monitor moderately complex business specific programs, and provide risk management consulting to support the business in designing and implementing risk-mitigation strategies
Monitor, measure, evaluate, and report on the impact of decisions and controls to the relevant business group or functional area
Develop and implement risk monitoring and risk reporting processes and controls
Collaborate with relevant business group to identify current and emerging risks associated with business activities and operations, and provide guidance in developing and implementing risk-mitigating strategies
Lead Control Management project or virtual teams
Lead Business Control Management for >1 Risk Assessable Businesses and/or be secondary lead on moderate/high complex processes with high inherent risk
Conduct analysis of risk type themes, interconnectivity of other business processes, to either identify process efficiency to reduce risk, automation of control design, identify potential new/modified control design related to business process changes which increase risk
Proactively manage changes to controls, working with the line of business to ensure that all controls are designed and performing, as expected, within Internal Control Policy Standards
Requirements:
5+ years of Risk Management or Control Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Direct experience executing the RCSA (risk identification, risk assessment - inherent/residual, and control design)
Direct experience with Issue Management Life Cycle and issue remediation
Direct Wealth and Investment Management experience
Experience across enterprise risk management framework, including: risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics governance, risk assessment and control design
Track record of providing constructive challenge with appropriate escalation, root cause analysis and offering solutions
Experience with tracking, monitoring, implementing and drafting corrective actions
Ability to prioritize, meet deadlines, achieve goals, in a dynamic and complex environment
Ability to take on a high level of responsibility, initiative, and accountability
Excellent verbal, written, and interpersonal communication skills
What we offer:
Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance