Job
Description
About this role: Wells Fargo is seeking a Lead Control Management Officer. The Consumer, Small and Business Banking Controls team is responsible for delivering a more consistent approach to business groups, strengthening the companys risk and control infrastructure, In this role, you will: Lead complex initiatives designed to mitigate current and emerging risks with broad impact Act as key participant in monitoring, evaluating, and measuring the impact of decisions practiced in Control Management functional area Monitor moderately complex business specific programs, and provide risk management consulting to support the business in designing and implementing risk-mitigation strategies Monitor, measure, evaluate, and report on the impact of decisions and controls to the relevant business group or functional area Develop and implement risk monitoring and risk reporting processes and controls Collaborate with relevant business group to identify current and emerging risks associated with business activities and operations, and provide guidance in developing and implementing risk-mitigating strategies Lead Control Management project or virtual teams Required Qualifications: 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 Desired Qualifications: Knowledge and understanding of operational risk management in the financial services industry Ability to evaluate changes to regulations, processes, etc. to assess impacts and to develop implementation plan to close gaps Comprehensive understanding of operational risk management and or operations process management Understanding of US consumer laws Strong leadership skills with the ability to interact and lead discussions comfortably with senior levels of management Knowledge and understanding of financial services: regulations, compliance, policies, process, and procedures Ability to consult, build, and maintain solid working relationships in and outside of immediate department Ability to manage initiatives involving process improvements Excellent communication skills and ability to articulate complex material to a diverse audience Ability to influence, partner, and negotiate with senior business leaders to gain commitment to accomplish business goals Ability to prepare management level presentations Ability to lead projects/initiatives with high risk and complexity Job Expectations Responsible for RCSA Execution, 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 across respective CSBB 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 the Bank 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. Closely work with process owners in India and Philippines to identify, assess and mitigate deficient controls control gaps or risks identified in the processes Partners with BG/EF 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.
