About this role:
Wells Fargo is seeking a Senior Control Management Specialist
In this role, you will:
- Participate in identifying, assessing, managing, and mitigating current and emerging risk exposures within Control Management functional area
- Provide risk management consulting to support the business in designing and implementing risk mitigation strategies, business processes, and business controls
- 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
- Provide guidance to business groups on the development, implementation, and monitoring of business specific programs to identify, assess, and mitigate risk
- Collaborate with relevant business group to identify current and emerging risks associated with business activities and operations
Required Qualifications:
- 4+ 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:
- Extensive experience in the review of trade surveillance/transaction monitoring alerts across market conduct / market abuse behaviors as well as rules-based surveillance using surveillance applications (Actimize, OneTick, , Protegent Market Abuse, Protegent Trading Compliance and Trading Hub).
- Strong understanding of Market Abuse scenarios - FCA MAR, Dodd Frank Act Title VII and CFTC/SEC regulations, etc.
- Prior experience executing a Quality Assurance program, including process documentation and maintaining relevant procedures. Experience in credit, commodities, fixed income, FX, equities, and other derivatives at global financial institutions
- Proficient knowledge of data sets for capital markets trading, including but not limited to quotes, orders and executions.
- In depth knowledge of US/UK Market Abuse or Manipulation Regulations and similar FCA MAR Behaviors, SEC, FINRA market abuse rules and regulations.Familiar with gathering data and corresponding materials in support of internal audits and/or regulatory requests.
- Interfacing with relevant stakeholders to review and escalate potential manipulative trading behaviors.
- Experience with drafting, updating, and maintaining procedure manuals documenting team processes.
- Actively participate in team meetings. Bringing solutions / suggestions / recommendations to the table
- Demonstrated ability to handle multiple tasks in a fast-paced environment
- Strong written communication and verbal communication skills in English
- Excellent analytical skills and strong attention to detail
- Must exhibit highest standards of integrity and maintain confidentiality
- Experience in creating MIS for senior management.
Job Expectations
- Be part of the Front-Line Market conduct and supervision team and responsible for review, research and disposition of market abuse and rule-based trade surveillance/transaction monitoring alerts across the following asset classes: credit, commodities, fixed income, FX, equities, and other derivatives.
- Develop, oversee, and provide independent credible challenge to standards with subject matter expertise, in part through execution of a Quality Assurance (QA) program.
- Support the development and performance of surveillance controls to identify misconduct and market abuse, including user-acceptance testing of next generation systems and first line-of-defense monitoring routines in relation to consequential risks.
- Perform basic or tactical ongoing regulatory and operational reviews as well as other duties related to best practices and opportunities for additional synergies to maximize efficiencies.
- Collaborate and consult with Onshore teams and India Management for any escalations and process improvement ideas.
- Identify any non-compliant or suspicious activity and escalate questionable trading activity to the onshore team (L2 team)
- Assisting with analysis and implementation of new and enhanced surveillance reviews and processes
intake id - 3696
Posting End Date:
9 Mar 2025
*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.
Wells Fargo Recruitment and Hiring Requirements:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
Top Skills
What We Do
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with approximately $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through more than 7,300 locations, 12,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in over 40 countries and territories to support customers who conduct business in the global economy. With approximately 250,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 41 on Fortune’s 2022 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation. © 2016 Wells Fargo Bank, N.A. All rights reserved. Member FDIC.
Why Work With Us
We're known for our “Well Life” approach to supporting employees’ career aspirations, work-life balance, and mental and physical health. We ranked #2 on the 2023 LinkedIn Top Companies list – and #1 among financial services companies – as the best workplace “to grow your career” in the U.S.
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