Business Risk & Control Officer-Auto Contol

Location
Charlotte, North Carolina
Posted
September 24 2020
Ref
5552487-2
Industry
Banking
Job Description

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as 'Personal Cell' or 'Cellular' in the contact information of your application.

At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Wells Fargo Auto offers consumers vehicle financing and offers dealers a complete suite of products and services to help them manage the business side of their dealerships. Wells Fargo Auto is a leading auto lender with more than 11,000 dealer relationships and a portfolio of over $56 billion, helping over 3 million consumers with their auto financing needs.

The Auto Control Organization is seeking a Business Risk & Control Officer who will be responsible for partnering with Auto business groups to identify, assess, manage and mitigate current and emerging risk exposures associated with their activities and operations. Other responsibilities might include, but are not limited to:
  • Monitors, measures, evaluates, and reports on the impact of decisions and controls to the relevant business group and enterprise function.
  • Consults and provides guidance to business groups on the development, implementation, and monitoring of complex business-specific programs to identify, assess, and mitigate risk.
  • Consults and supports interpretation of policy, guidelines, and governance programs as the front line liaison to Independent Risk Management leaders for moderate to high risk and complexity enterprise risk programs.
  • Provides a high level of risk management acumen to support the business in designing and implementing risk mitigation strategies, business processes and controls that mitigate risks and address regulatory requirements.
  • Develops and implements risk monitoring and risk reporting processes and controls.
  • Monitors and reports on its risk concentration, current and emerging risk, and risk appetite.
  • Aggregates, evaluates, reports on results and escalates where necessary.
  • Designs and executes control effectiveness assurance program for Front Line-owned controls.
  • Leads implementation of initiatives with moderate to high risk.
  • Collaborates internally with business regarding risk management of business-specific risk programs. May interface with Audit, Legal, external agencies, and regulatory bodies regarding risk management of business-specific risk programs.


Required Qualifications

  • 7+ years of experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) or 7+ years of financial services industry experience, of which 5+ years must include direct experience in risk management


Desired Qualifications

  • Excellent verbal, written, and interpersonal communication skills


Other Desired Qualifications
  • A deep understanding of auto business operations, processes, products and customer interactions.
  • Ability to identify risks and confidently raise issues, escalate early and engage in constructive credible challenge.
  • Ability to foster a collaborative environment to ensure timely communication and strong cooperation between the front line organization and independent risk management.


Job Expectations

  • Ability to travel up to 25% of the time


Disclaimer

All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

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