Lead Control Management Officer- Credit, Market, and Counterparty RiskLocation: Atlanta, Georgia, Charlotte, North Carolina, Chicago, Illinois, Irving, Texas, Minneapolis, Minnesota, Raleigh, North Carolina, Tempe, Arizona, West Des Moines, Iowa, Wilmington, Delaware Job ID R-166417
At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
About this role:
The Lead Control Management Officer is part of the Control Management Team, supporting the Credit, Market and Counterparty Risk groups and reporting to the Control Management Senior Manager. The Control Management team is responsible for partnering with the relevant business group to identify, assess, manage and mitigate current and emerging risk exposures associated with their activities and operations. The Lead Control Management Officer is responsible for monitoring and reporting on the impact of decisions and controls to the relevant business group and enterprise function and supporting interpretation of policy, guidelines, and governance programs as the front line liaison to Independent Risk Management leaders for moderate to high risk and complex enterprise risk programs.
In this role, you will:
Consults and provides guidance to Credit, Market and Counterparty Risk groups on the development, implementation, and monitoring of complex business-specific programs to identify, assess, and mitigate risk.
Consults and supports interpretation of policy, guidelines, and governance programs as the front line liaison to Independent Risk Management leaders for moderate to high risk and complex enterprise risk programs.
Provides a high level of risk management acumen to support the business in designing and implementing risk mitigation strategies, business processes and controls that mitigate risks and address regulatory requirements.
Develops and implements risk monitoring and risk reporting processes and controls.
Monitors and reports on risk concentration, current and emerging risk, and risk appetite.
Aggregates, evaluates, reports on results and escalates where necessary.
Designs and executes the control effectiveness assurance program for Front Line-owned controls.
Leads implementation of initiatives with moderate to high risk.
Collaborates internally with business regarding risk management of business-specific risk programs.
May interface with Audit, Legal, external agencies, and regulatory bodies regarding risk management of business-specific risk programs.
May lead project/virtual teams and may mentor but does not manage other team members.
Advise aligned group on Risk and Control Self Assessments (RCSA)/Integrated Process Risk and Control (IPRC), Business Process Management (BPM), and other programs.
Required Qualifications, US:
5+ years of Risk Management or Control Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Experience in supporting one or more areas of risk including, Credit Risk or Market Risk, Operational Risk, Model Risk and Compliance for Business Control Management (BCM) roles aligned to these groups within Corporate Risk.
Risk and Control Self- Assessment (RCSA) and Issue Management experience
Experience in designing, monitoring and or remediation of controls
Experience in developing and or monitoring key risk indicators
A thorough understanding of enterprise risk management framework including risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance.
Strong interpersonal, influencing, and communications skills with an ability to interact effectively with stakeholders and regulators, to include virtual, matrixed leadership experience and the ability to effectively manage and build relationships within the Credit Risk, Market Risk, and Counterparty Risk teams and enterprise Risk function.
Technical understanding of Corporate Risk operations, processes, and responsibilities.
Proven leadership and project management skills to drive alignment across stakeholder groups to develop and deliver repeatable end-to-end risk management solutions and controls aligned with group’s processes.
Deep understanding of risk framework, corporate/business policies, and programs to translate into plans for the business, function and/or risk type.
Ability to evaluate impacts based on changes in laws/regulations and develop company response.
Knowledge and understanding of operational risk management in the financial services industry.
Preferred location(s) listed above. Other locations within the Wells Fargo footprint may be considered for current Wells Fargo Employees.
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, or status as a protected veteran.
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.