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Control Management Manager- COOCSBBOps

  • Governance & Controls
  • Full time
  • R-366065

About Wells Fargo India & Philippines

Wells Fargo India & Philippines (I&P) enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions across Technology, Business Services, Risk Services and Knowledge Services. WFIP operates in Hyderabad, Bengaluru and Chennai in India and in Manila, Philippines. Learn more about WFIP at our International Careers website.


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

About the Role

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 Control Manager (Vice President) 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 / testing 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.

The team will be set up a shared utility and the Manager would be expected to drive delivery management, team management and talent management in close partnership with other leaders in the Controls Evaluation organization


Responsibilities

  • 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.
  • Leads control evaluations, which may vary in complexity and risk level, and may perform quality reviews of these evaluations. Proficient understanding of quality reviews to ensure the accuracy of evaluation scope, test scripts, assessment results, and control deficiencies identified.
  • Consults on the development, maintenance and execution of control evaluation test scripts and evaluation strategies.
  • Completes control evaluations on schedule. Maintains and executes the Evidenced-Base Control Evaluation Plan.
  • Assesses, documents, and communicates emerging risks, themes and identified control deficiencies to management and risk partners in a timely manner.
  • Ensures any potential control deficiencies discovered during the completion of the control evaluation are properly documented and follow through on reporting, escalation, and resolution.
  • Foster strong relationships with team and collaborate effectively. Ensures coordination with team, line of business, other business units, Audit, and regulators on risk related topics.
  • Completes applicable documentation in accordance with requirements.
  • Ensures internal collaboration with the team, line of business, and risk partners.
  • Aggregates emerging risks from teams as control evaluations are performed.
  • Interfaces internally with the team, line of business, and risk partners.
  • Dynamic leader role with the opportunity to lead project/virtual teams and mentor less experienced employees.
  • Manages a team of Associate Managers, Officers, Senior Associates and/or Associates or cross-functional teams in accomplishing goals.

Essential Qualifications

  • University degree in Business or related discipline.
  • 15+ 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 15+ years of financial services industry experience, of which 5+ years must include direct experience in risk management demonstrated through work.
  • 5+ years of leadership / management experience demonstrated through work or military experience.

Desired Qualifications

  • Strong relationship management skills
  • Ability to effectively listen and elicit information
  • Experience leading, training, and providing feedback to staff and corresponding managers
  • Management experience
  • Ability to exercise independent judgment to identify and resolve problems
  • Time management skills and ability to meet deadlines coupled with experience renegotiating times lines when needed.
  • 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.
  • Experience implementing control evaluation methodologies to support the target state.
  • Thorough knowledge of industry standards and best practices around control evaluations and risk management processes.
  • Proficiency with risk types, methodologies and frameworks for evaluating or testing controls and assessing results, conducting research, and identifying control deficiencies.
  • Experience in assessing risk, reviewing risk ratings, and identifying control deficiencies.
  • 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 experience with demonstrated leadership skills and ability to drive improvements.
  • Proficient at influencing and consulting strategically across a large organization and with various levels of leadership/stakeholders.
  • Experience communicating in both written and verbal formats with senior executive-level leaders.
  • Balance strong, innovative problem solving skills with the practical ability to implement workable solutions to problems in a fast-paced, deadline driven environment.
  • 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.

Posting End Date: 

29 Sep 2024

*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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