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Control Management Specialist

  • Governance & Controls
  • Full time
  • R-367392

About this role:

Wells Fargo is seeking a Control Management Specialsit...

Business Control Management: Covers jobs responsible for partnering with their relevant business group to develop and maintain a strong control environment leading to the early identification and sustainable mitigation of operational risk. Responsible for Risk Identification & Assessment, Control Design & Evaluation, Issues & Control Deficiencies, Control Governance & Reporting, and Control Programs.

The Consumer, Small and Business Banking Controls team is responsible for delivering a more consistent approach to business groups, strengthening the company’s risk and control infrastructure,


About this role:

Wells Fargo is seeking a Control Management Specialist

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
  • Develop and implement risk monitoring, risk reporting processes, and controls while evaluating and reporting results where necessary
  • Provide support in the interpretation of policy, guidelines, and governance programs as front line liaison to Independent Risk Management area
  • Collaborate and consult with key stakeholders, including internal customers


Required Qualifications

  • 5+ years of overall experience in Financial or Banking industry with atleast 2+ years in Risk Management and Controls.
  • B Com, BBM, MBA, M Com with Business, Finance, Banking, Accounting or Economics as preferred major subject.
  • Understanding of Consumer Banking products and services Deposits, Checking and DDA, Home Loan, Servicing, Credit and Merchant Services, Personal Loans and Auto Loans.

Desired Qualifications:

  • Knowledge and understanding of operational risk management in the financial services industry
  • Comprehensive understanding of operational risk management and or operations process management
  • Excellent communication skills
  • Ability to prepare management level presentations

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.
  • Support LOB RCSA Affirmation process(s) and related feeder/governance meetings.
  • Review and approval process for line managers through senior management
  • Support the execution and maintenance of RCSA program which includes:
  • Identify risks applicable for the RAU
  • Ensure data is up to date
  • Identify items that are applicable to the RAU in the data provided
  • Identify risk drivers
  • Ensure process inventory is updated in the RCSA RAU
  • Assesses, documents, and communicates emerging risks, themes and identified control deficiencies to management and risk partners in a timely manner.
  • 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.
  • Ensures internal collaboration with the team, line of business/ partners.
  • Interfaces internally with the team, line of business, and risk partners.
  • Timely update, reporting and escalation of issues.
  • Partners with business groups and enterprise functions to facilitate issues partners throughout the issue lifecycle including Root cause identification, Corrective action development and RCSA alignment.
  • Experience in evaluating the adequacy and effectiveness of policies, procedures, processes, systems and internal controls; additional experience analyzing business and/or systems changes to determine impact.
  • Assist for control forums and provide necessary reporting for the assigned business group which includes report & escalate issues, key risks, control gaps, corrective actions, OREs and align them to the respective onshore Risk and Control Committees.

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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