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Control Management Associate

  • Governance & Controls
  • Full time
  • R-381649

About this role:

Wells Fargo – Corporate and Investment banking Control Program team is seeking a Control Management Associate


In this role, you will:

  • 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
  • Proactively monitor the operating environment to identify Business and System triggers that have the potential to affect the RCSA.
  • 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
  • Support business with risk mitigation strategies, business processes, and controls that effectively mitigate risks and appropriately address requirements of applicable statutes, regulations, and risk governance documents
  • Receive direction from supervisors and exercise judgment within defined parameters while developing understanding of function, policies, procedures, and compliance requirements
  • Provide information to managers, functional colleagues, and key stakeholders, including internal customers after monitoring, measuring, and evaluating the impact of decisions on the relevant business group and enterprise function


Required Qualifications:

  • 2+ year of experience in Risk Management or Financial Services industry, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education


Desired Qualifications:

  • 4+ years of financial services or corporate and investment banking or risk, control, advisory experience
  • Good knowledge on RCSA Triggers and Business environmental changes (BEC)
  • Knowledge on RCSA trigger cycle, Trigger types, Cascading impacts and BEC reporting
  • Good working knowledge of corporate and investment banking , its products and services, and relevant risks and controls of the business will be an advantage.
  • Working knowledge of the Risk Management Framework (RMF) concepts and policies across risk types (regulatory, financial crimes, credit, operational, etc.)
  • Experience interpreting and applying state, federal, and agency legal and regulatory compliance requirements.
  • Excellent communication skills (verbal, written and interpersonal); ability to concisely articulate complex concepts in a clear manner.
  • Strong analytical skills with high attention to detail and accuracy
  • Highly professional, adaptable and pro-active mindset
  • Involvement in the technical build-out and/or support of databases, query tools, reporting tools, BI tools and dashboards that enable analysis and data visualization.
  • Ability to assess and determine when to raise concerns and escalate.
  • Ability to conceptualize, develop, and deliver quality analysis and highly actionable management information.
  • Demonstrated capacity to pro-actively and independently analyze and solve problems and address risks with the business unit’s risk appetite and all risk and compliance program requirements.


Job Expectations:

  • Act as the point of contact for team members withing controls management and partners in business, IRM, Wells Fargo Audit, regulators, and other constituents, as needed; ensure that all inquiries are responded to appropriately and in a timely manner.
  • Risk and Control Self-Assessment (RCSA): Guide the CIB business leader(s) through detailed risk and control evaluations.
  • Actively engage in Trigger Event Identification, BEC Creation, BEC assessment, Quality Control & Closure.
  • Ensure alignment of event details against source documentation as applicable, and upload source documentation into the document repository.
  • Review challenge feedback received from independent risk management teams and make relevant updates to the events to resolve challenges, as required.
  • Management Reporting: Establish and update regular risk reports for communication of risk ratings, issues and key topics.
  •  Designing and developing various Governance, Operational reports in partnership with Stakeholders
  • Ability to handle huge data and has strategic mindset, ability to interpret and draw conclusion from complex data
  • Follow and adhere to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.

Posting End Date: 

*Job posting may come down early due to volume of applicants.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

 

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.


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