Bus Risk & Control Sr Officer

Location
Fort Mill, South Carolina
Posted
November 21 2020
Ref
5557092-1
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.

We have an exciting opportunity to fill 5 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)
  • Consumer and Small Business Banking

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 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 Senior 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.
  • May lead control evaluations, which may vary in complexity and risk level, and may perform quality reviews of these evaluations.
  • May lead identification of appropriate data populations and executes control evaluation test scripts. May review evaluation strategies to effectively sample the relevant population.
  • Completes control evaluations on schedule.
  • Raises schedule delays to the control evaluation lead with proposed resolution plans. Creates schedules for evaluations and consults on scheduling and capacity planning across the team.
  • Escalates any potential control deficiencies discovered during the completion of the control evaluation to a control evaluation lead.
  • Foster strong relationships with team and collaborate effectively. Coordinates with team, line of business, other business units, Audit, and regulators on risk related topics.
  • Interfaces internally with the team and line of business.
  • Proficient knowledge of industry standards and best practices around control evaluations and risk management processes.
  • 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.

As an Employee Manager, you are expected to achieve success by leading yourself, your team, and the business. Specifically you will:
  • Lead your team with integrity and create an environment where your employees feel included, valued, and supported to do work that energizes them
  • Accomplish management responsibilities which include sourcing and hiring talented employees, providing ongoing coaching and feedback, recognizing and developing employees, identifying and managing risks, and completing daily management tasks


Required Qualifications

  • 10+ 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 10+ years of financial services industry experience, of which 7+ years must include direct experience in risk management


Other Desired Qualifications
  • Audit or internal control evaluation experience.
  • Strong risk and control fundamentals experience.
  • Comprehensive understanding of risk types, methodologies and frameworks for evaluating or testing controls and assessing results, conducting research, and identifying control deficiencies.
  • Experience drafting and executing control evaluation test scripts to assess the design and performance of internal controls.
  • 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.
  • Risk Management Certification Programs.
  • Comprehensive understanding of operational risk management in the financial services industry.
  • Ability to effectively communicate, verbal and written, with various levels of management, including senior leaders and executives.
  • Experience in assessing risk, reviewing risk ratings, and identifying control deficiencies.
  • Demonstrated negotiation skills, especially with difficult topics when partnering with senior management. This includes the 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.
  • Demonstrated ability to deliver high quality output.
  • Skillfully builds constructive and effective relationships. Delivers on commitments and renegotiates when needed. Strong sense of accountability.
  • Ability to influence and consult strategically across a large organization and with various levels of leadership/stakeholders.
  • Ability to make timely and independent judgment decisions while working in a fast-paced and results-driven environment.


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.

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