Bus Risk & Control Officer

Location
Fort Mill, South Carolina
Posted
November 21 2020
Ref
5557097-1
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.

For more than 160 years, Wells Fargo has been in the risk management business. It's central to what we do, and it's never been more important. If you have a passion and desire to understand and help mitigate risk, you will be interested in reading further.

Who We Are...

We evaluate whether controls are well-designed and operating effectively. Our approach is tailored based on Risk and Control Self-Assessment (RCSA) data, and it supports proactive risk management in alignment with the Risk Management Framework. We perform evidence-based evaluations and document our outcomes based on applicable policies and standards.

What we are looking for...

We have an exciting opportunity to fill 9 open positions for this role that will be aligned to different business groups and enterprise functions across Wells Fargo. Specifically these positions will report to the Control Executive organizations for:
• Consumer Lending
• Corporate and Investment Banking (CIB)
• Wealth and Investment Management (WIM)
• Corporate Risk
• Chief Operating Office
• Strategy, Digital and Innovation

We are looking for employees to perform evidence-based control evaluations. This process may involve sampling and inspecting evidence to assess the design and operating effectiveness of controls and whether they are mitigating their assigned risks.

We are looking for a Business Control Officer to join our team and bring prior control design and operating effectiveness assessment experience to the Front Line. The right candidate will be responsible for evaluating controls to ensure proactive self-identification of issues and events, root cause analysis, resolution of control deficiencies and provides insight into emerging risks while operating in a very dynamic manner, connecting and building relationships with key partners.

Position Responsibilities

The accountabilities of this position include, but are not limited to:

• Identify, assess and mitigate risks across all risk types, in coordination with LOB and assurance activities consistent with the risk management framework and policies established by Independent Risk Management.
• Evaluate the design and performance of internal controls through the execution of control evaluations, which may vary in complexity, in an effective manner.
• Completes control evaluations on schedule.
• Raises schedule delays to the evaluation lead with proposed resolution plans. Creates schedules for evaluations.
• Escalates any potential control deficiencies discovered during the completion of the control evaluation to a control evaluation lead.
• Foster relationships with team and collaborate effectively. Coordinates with team, line of business, other business units on risk related topics.
• Completes applicable documentation in accordance with requirements.
• Interfaces internally with the team and line of business.
• Dynamic individual contributor role with the opportunity to lead project/virtual teams and mentor less experienced employees.

'The positions for this posting will be allocated to the individual LOB or Enterprise Function Control Exec organizations upon hire.'

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

  • Knowledge and understanding of audit, regulatory compliance, or risk management
  • Ability to negotiate, influence, and collaborate to build successful relationships
  • Ability to exercise independent judgment to identify and resolve problems


Other Desired Qualifications
  • General knowledge of industry standards and best practices around control evaluations and risk management processes.
  • Proficiently builds constructive and effective relationships. Delivers on commitments and renegotiates when needed. Sense of accountability.
  • Audit or internal control evaluation experience preferably within the financial services industry
  • Experience drafting and executing control evaluation test scripts to assess the design and performance of internal controls
  • Thorough knowledge of industry standards and best practices around control evaluations and risk management processes
  • Experience evaluating the adequacy and effectiveness of policies, procedures, processes, systems and internal controls; additional experience analyzing business and/or systems changes to determine impact. Familiar with various quality assurance techniques
  • Proficiency with risk types, methodologies and frameworks for evaluating or testing controls and assessing results, conducting research, and identifying control deficiencies.
  • Ability to make timely and independent judgment decisions while working in a fast-paced and results-driven environment.
  • Experience drafting and executing control evaluation test scripts to assess the design and performance of internal controls.
  • Risk Management Certification Programs
  • Ability to effectively communicate, verbal and written, with various levels of management.
  • Proficient understanding of operational risk management in the financial services industry
  • Experience in assessing risk, reviewing risk ratings, and identifying control deficiencies.
  • Willingness and ability to question decisions, understand direction and escalate issues, where necessary.
  • Ability to synthesize data from a variety of sources and deliver results quickly.
  • Skilled ability to deliver high quality output.


Street Address

SC-Fort Mill: 3480 State View Blvd - Fort Mill, SC
TX-DAL-Downtown Dallas: 1445 Ross Ave - Dallas, TX

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.