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:
- Experience in Risk Management oversight (Line 1 or Line 2) in a Global Bank or Financial Services organization.
- Exposure to Consumer, Small and Business Banking will be an added advantage.
Job Expectations:
- The following Risk Management lifecycle stage related skills are expected:
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Incorporate risk considerations into decision making, including strategic initiatives
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Execute effective governance committees
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Help establish front line statements of risk appetite
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Following Risk Management lifecycle stage capabilities are expected:
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New Business Initiatives
Incorporate risk considerations into decision making, including strategic initiatives
Governance Committees
Execute effective governance committees
Risk Appetite
Help establish front line statements of risk appetite
RCSA - Execution
Readiness
Pre-Workshops
Workshops
Post-Workshops
RCSA - Annual Refresh
Preparedness - Review of history, delta changes, BECs etc.
Execution - Determining Change Levels and conducting workshops as required
Post-Execution - Submission of CRs through SharePoint or RCSA Next Gen Tool
Issue Management
Capture - Identify Issue, PVC, capture in SOR within SLAs
Plan - Review CA(s)/RCA/RA/CIA
Mitigate - Help Develop corrective actions to remediate control breakdowns etc.
Horizontal Reviews
Consistent application and assessment of risks across similar RAUs across the BG/EF and across the bank
Consistent application and assessment of MCRs across similar RAUs across the BG/EF and across the bank
Risk Type Reviews across all RAUs for consistency in applicability and assessment of expected controls
Review of Control Inventory for consistent application of controls across similar risks
Escalation Management
Disposition potential escalations and input into the SOR
Complaints Management
Perform root cause analysis with RAU/Control owners & key stakeholders
Change Management
Execute change management protocols when implementing new business initiatives, Organizational Change and new and revised requirements
Enterprise Risk Identification and Assessment
Support Assessment of Risks applicable to respective business area
Operational Risk Events
Near Misses - Perform root cause analysis with RAU/Control owners & key stakeholders
Internal Losses - Perform root cause analysis with RAU/Control owners & key stakeholders
Internal Control Policy
Governance and Hygience checks on Control Inventory
Review, update and maintain control documentation and assessments including procedures for completeness and consistency
Issue Management
Monitor, Manage and close issues through the issue management lifecycle
Issue testing and validation
Control Inventory Reviews and Automation Opportunities
Review of the Control Inventory for Rationalization Opportunities / Shared Controls
Review of Control Inventory for Automation Opportunities
Review of Control Inventory for consistent application of controls across similar risks
Measures and Metrics
Establish metrics, measures and trigger events and monitor triggers or boundary breaches
Self Assurance Activities
Engage with EBCE for testing, remediaton post testing
Issue Management
Monitor Issues & Cas for updates until closure
RCSA - Trigger / Change Management
Monitoring of triggers and the business environment
Determine Impact on business and review for adjustments to RCSA
Disposition BEC and Execute adjustments in RCSA - Submission of CRs through SharePoint or RCSA Next Gen Tool
Governance Committees
Risk & Control Committees/Councils/Forums
Issue Management
Sustainability - Complete test of design (CA completion) and performance (sustainability); documentation for Issue closure
Readiness
Engaged in business led audit, exam, and issue validation management, which may include active “inspection readiness” activities.
Enterprise Risk Identification and Assessment
Complete ERIA Inventory Assessment for each risk applicable to LOB
Posting End Date:
25 Feb 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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