Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Market Job Description
The Business Risk and Controls Senior Associate will report to the EMEA Regional
team within the International Control organization. The Business Risk and Control team is responsible for identifying, measuring, assessing, controlling, mitigating, monitoring, and reporting current and emerging risk exposures associated with EMEA activities.
This position will be accountable for the front line control responsibilities related to the International Business Process Management (BPM) / Risk and Control Self-Assessment (RCSA) programs. This position will execute the Risk and Control Activities within the programs in cooperation with business lines within the EMEA Region. The Business Risk and Controls Senior Associate may also work with designated lines of business (LOBs) to implement and execute the required risk and controls and help identify, escalate and proactively manage risks in the LOBs. This position will partner with Independent Risk Management and the Integrated Business Process Risk and Control team to ensure proper alignment with program requirements.
Performs and Manages Front Line
for the Regional International Business Process Management (BPM) / Integrated Process Risk and Control (IPRC) programs as follows:
Provides input into the business process risk ranking effort to determine whether a process is high, moderate or low ranking.
Identifies and documents risks, controls and self-assurance activities associated with local business processes.
Executes Risk and Control Self-Assessments (RCSA) to satisfy Enterprise and Regulatory requirements.
Delivers Line of Business (LoB) Risk and Control Self-Assessments (RCSA), and Legal Entity (LE) Risk and Control Self-Assessments, which includes the aggregation of individual RCSA results.
Remediates RCSA quality assurance and IRM credible challenge findings.
Ensures that control gaps and improvement opportunities identified during the IPRC exercise are routed to the appropriate issues management routines
Collaborates with the Business, Business Process Subject Matter Experts (SMEs), International Compliance, International Operational Risk, and the Integrated Business Process Risk and Control teams to deliver RCSA program requirements.
Market Skills and Certifications
Strong experience in risk (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) or similar financial services industry experience, of which there must be direct experience in risk
Management of risk team ICAAP experience highly desirable
Knowledge of Business Process Management (BPM)
Experience with Risk and Control Self Assessments (RCSA)
Proven experience designing, developing, implementing and maintaining effective risk management programs, especially risk controls, within a large complex financial services company.
Knowledge of global banking regulatory/supervisory frameworks.
Ability to manage and/or collaborate with geographically dispersed teams, matrixed relationships and interact with all levels of an organization
Must be a proactive self-starter who values personal accountability and thrives under pressure in a fast-paced and demanding environment.
Strong, proactive leadership and ability to work with a high degree of autonomy
Strong relationship management skills and organizational savvy
Experience communicating in both written and verbal formats with executive-level leaders
Ability to analyze data and make connections across various data sets to make recommendations to management and project teams in a timely manner.
Ability to leverage creative thinking and problem solving skills to facilitate decisions and to ensure project outcomes result in expected business value.
Ability to exercise independent judgment to identify and resolve problems
Ability to articulate complex concepts in a clear manner
Ability to escalate issues
Ability to meet stringent deadlines
Advanced Microsoft Office skills
Excellent verbal, written, and interpersonal communication skill
Solid conflict management and decision making skills
Strong analytical skills with high attention to detail and accuracy
We Value Diversity
At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.
Team members 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.
Internal Number: 50393BR
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $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 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
www.wellsfargo.com | Twitter: @WellsFargo