Control Risk Governance Lead, VPLocation: Toronto, Canada Job ID R-191598
About this role:
Wells Fargo is seeking a VP, Control Risk Governance Lead, internally known as Lead Control Management Officer within our Control Management team in our Toronto office.
The Control Management team serves as the front line risk management organization within Commercial Banking and Corporate Investment banking supporting the businesses with risk strategy, implementation, and execution. The team is responsible to identify and assess risks, design and implement controls, and execute and monitor the controls to ensure they are working effectively to manage risk across the businesses. Control interfaces with Independent Risk Management and Audit to drive comprehensive and consistent implementation of regulatory and corporate risk policies and programs across the businesses.
In this role, you will:
Assist in the execution of the risk measurement program requirements outlined in policy and procedures.
Provide risk governance support for Risk and Control Committees and other Risk Forums.
Engage Control Team members and Independent Risk Management partners for metric triggers, root cause analysis, and action plans for monthly and quarterly metric trigger responses.
Enter all required metric data on a monthly, quarterly and annual basis per Risk Measurement Program and system requirements.
Partner with risk type Control team partners to understand data inputs, risk drivers, and desired output
Provide quality check on risk measurement submissions from control team
Aggregate, evaluate, and report results
Contributes in producing quarterly reports and presentation deck for America’s Risk Committee.
Assists in analyzing data to produce insightful intelligence on risk trends and emerging risks
Participate in identifying, assessing, managing, and mitigating current and emerging risk exposures within Control Management functional area
Establish collaborative relationships across the organization with key stakeholders to drive awareness and mitigation
Assist in the monitoring, measuring and development of risk monitoring and reporting processes and controls
Provide input in the development of enterprise-wide and region-specific risk programs and policies in coordination with Control Risk program leaders and IRM
Promote and maintain a risk culture that encourages an informed, measured, disciplined and balanced approach to understand and managing business process risk and controls
Support other governance/oversight reporting routines related to Issues Management
Promote a strong risk culture and provide leadership for business requirements
Other duties as assigned as they relate to the scope of the position and goals of the department
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
In-depth knowledge of risk identification, risk appetite and strategy, risk related decisions, processes and controls, risk analytics and governance
Experience and business acumen in the financial services industry, products and regulatory environment
Experience in Governance, committee reporting, administration is an asset
Capable of working with large, disparate data sources to consolidate into concise, easy to understand, actionable metrics
Strong analytical ability to identify risks and confidently raise issues, escalate early, and engage in constructive credible challenge and will do so independently if necessary
Working knowledge of the Risk Management Framework (RMF) concepts and policies across risk types (regulatory, financial crimes, credit, operational, etc.
Demonstrated ability to solve problems and analyze issues when you collect data from multiple sources and know how to ask the right questions to obtain the information needed to size up a situation properly
Ethical integrity and demonstrated ability to assess and determine when to raise concerns and escalate
Dedicated, enthusiastic, driven and performance-oriented; possesses a strong work ethic and results orientation
Excellent organizational and time management skills with the ability to process multiple tasks simultaneously.
Strong use of applications including: Excel, Word, Power point
Ability to articulate complex concepts in a clear manner
Excellent verbal, written, and interpersonal communication skills
Discretion, attention to detail and confidentiality are essential to the role
Leadership, integrity, and credibility will be determining factors in selection. Successful candidates will be articulate and possess a demonstrated leadership capability; they will be impressive in their inter-personal effectiveness and with regard to their accomplishments. It requires a leader with strong relationship management, influencing, vision and execution skills. A key differentiator will be the ability to understand and operate successfully in a complex, heavily matrixed corporate environment. The role requires a sense of urgency, passion for results, and personal accountability for achievement.
The successful candidate will work closely with other senior leaders across CIB Control and CIB Banking, and risk and operational partners from elsewhere in the company in the development and execution of company risk management strategies. Accordingly, critical success factors will include the ability to develop partnerships with many business and functional areas, provide insight into the economic climate and related market developments and identify trends which may present opportunities or reflect gaps in the Company’s risk management execution/direction.
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.