What are the responsibilities and job description for the Lead Control Management Officer position at Wells Fargo?
About this role:
Wells Fargo is seeking a Lead Control Management Officer for the Control team within Commercial Banking Control supporting Middle Market Banking. The Control team is responsible for partnering with their relevant business group to develop and maintain a strong control environment leading to the early identification and sustainable mitigation of operational risk. The team focuses on five areas: Risk Identification & Assessment, Control Design & Evaluation, Issues & Control Deficiencies, Control Governance & Reporting, and Control Programs.
A Lead Control Management Officer develops and maintains partnerships with the business process owner by consulting and providing expertise in the control design to effectively mitigate risks on more complex regulatory compliance related rules, laws, and regulations, including design of effective means of measurement. Supports the business with implementation, validation of control effectiveness, and control evaluations. Develops and implements control monitoring and reporting processes. The Lead Control Management Officer is a key partner to the Business in identification control gaps or emerging risk that may result in Issues and Corrective Actions, as well as participating as a critical partner in creating controls to close gaps. This role interacts with peers across Commercial Banking businesses and Control and is active in RCSA.
In this role, you will:
550 S. Tryon St. Charlotte, NC
14241 Dallas Pkwy. Dallas, TX
800 S. Jordan Creek Pkwy. West Des Moines, IA
600 S. 4th St. Minneapolis, MN
4101 Wiseman Blvd. San Antonio, TX
This position is not eligible for Visa Sponsorship
Job posting may come down early due to volume of applicants.
Posting End Date:
3 Aug 2024
*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.
Wells Fargo is seeking a Lead Control Management Officer for the Control team within Commercial Banking Control supporting Middle Market Banking. The Control team is responsible for partnering with their relevant business group to develop and maintain a strong control environment leading to the early identification and sustainable mitigation of operational risk. The team focuses on five areas: Risk Identification & Assessment, Control Design & Evaluation, Issues & Control Deficiencies, Control Governance & Reporting, and Control Programs.
A Lead Control Management Officer develops and maintains partnerships with the business process owner by consulting and providing expertise in the control design to effectively mitigate risks on more complex regulatory compliance related rules, laws, and regulations, including design of effective means of measurement. Supports the business with implementation, validation of control effectiveness, and control evaluations. Develops and implements control monitoring and reporting processes. The Lead Control Management Officer is a key partner to the Business in identification control gaps or emerging risk that may result in Issues and Corrective Actions, as well as participating as a critical partner in creating controls to close gaps. This role interacts with peers across Commercial Banking businesses and Control and is active in RCSA.
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
- 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
- 3 years' experience designing/monitoring/remediating risk and controls (RCSA -Risk and Control Self-Assessment)
- 3 years' experience identifying risk and controls, conducting root cause analysis to create remediation plans, remediation success criteria and control documentation
- 3 years' experience interpreting applicable laws, rules and regulations impacting controls
- Advanced experience with Microsoft Office
- Experience communicating effectively, in both written and verbal formats, with senior executive-level leaders and various LOB stakeholders
- Ability to drive and lead organizational change, prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
- Ability to take on a high level of responsibility, initiative, and accountability
- Ability to positively influence executive decision-making and successfully make quick decisions and implement solutions
- A BS/BA degree or higher preferred
- This position offers a hybrid work schedule
- Ability to travel up to 5% of the time
550 S. Tryon St. Charlotte, NC
14241 Dallas Pkwy. Dallas, TX
800 S. Jordan Creek Pkwy. West Des Moines, IA
600 S. 4th St. Minneapolis, MN
4101 Wiseman Blvd. San Antonio, TX
This position is not eligible for Visa Sponsorship
Job posting may come down early due to volume of applicants.
Posting End Date:
3 Aug 2024
*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.