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.
As the front line risk management organization for Wells Fargo lines of business operating outside the U.S., International Control is accountable for holistically assessing, aggregating, and effectively managing risks across all lines of business. International Control facilitates business execution by identifying risks, designing and assisting in the implementation of controls, and evaluating the execution of controls to ensure effective management of associated risks for our businesses and our customers. International Control interfaces with Business/Risk Control, Independent Risk Management and Audit to drive comprehensive and consistent implementation of regulatory and corporate risk policies and programs.
International Control Governance and Programs leader position reports to the Regional
Leader within the International Control organization. The purpose of the International Control team is to identify, assess and mitigate risks across Financial Crimes, Regulatory and Operational Risk types. We achieve this by coordinating with businesses operating internationally, while adhering to policies established by Independent Risk Management (IRM).
This position, though individual contributor, will be accountable for guiding a team of risk professionals responsible for the development and execution of a regional control program, governance framework, and analytics, reporting and administration program, which involves identifying, designing, and implementing an effective suite of controls to meet Corporate and local jurisdictional requirements. This position will execute the programs in cooperation with Regional Business Control Leaders, Corporate and Investment Banking (CIB) Control teams and LOB Control teams. This position will also maintain relationships across the various CIB, Payments, Virtual Solutions and Innovation (PVSI) and Wealth & Investment Management (WIM) Control programs (e.g. Governance, Enterprise Risk, Compliance, Operational Risk, and Financial Crimes) to ensure effective end-to-end integration of risk management initiatives across risk types and business control programs across International.
This candidate will work cross-functionally with multiple stakeholders and support partners globally. The team member will drive implementation of Wells Fargo's Corporate and business specific policies and procedures in a holistic, consistent and practical manner.
Market Job Description
Identify, design, and implement regional programs and controls for local jurisdictional requirements in conjunction with the International Control Programs and Issues Management Leader and LOB Control teams.
Provide input into the development of enterprise-wide and region-specific risk programs and policies in coordination with Control Executive Risk program leaders and IRM.
Lead the implementation of regional regulatory change management in coordination with the International Control Programs and Issues Management team and LOB Control teams.
Design and implement controls to address outstanding issues within the region, including issues identified by Wells Fargo Audit Services and Regulators.
Ensure an adequate design of the regulatory control framework across the region and escalate areas of concern of deficiency, including possible solutions.
Accountable for the successful validation, audit, and regulatory inspection of the International Control implementation of risk management program requirements in alignment with Corporate Risk and Regulatory requirements.
Leads engagement of stakeholders across Wholesale, PVSI and WIM as well as other supporting organizations in the execution of the International Control transformation program.
Manage relationships and foster a team orientation with corporate, business heads, legal, audit and multiple US and non-US regulators.
Promote and maintain a risk culture that encourages an informed, measured, disciplined and balanced approach to understanding and managing business process risk and controls
Establish a regional issues management program, in coordination with the International Control Programs and Issues Management Leader, including issue intake, root cause analysis, corrective action and related plan development, management through the target completion date and validation, in coordination with International Control Programs and Issues Management, Wholesale Group Issues Management and LOB Issues Management teams.
Establish a regional governance program, in coordination with the International Control Governance Leader, including committees, escalations, enterprise risk programs (risk identification), and strategic planning.
Analytics and Reporting and Administration
Design and implement front-line risk and control reporting across the region, in coordination with the International Control Analytics, Reporting and Administration Leader, ensuring consistent standards and aggregation of reports at the legal entity, country and regional levels.
Developing risk data and analytics across the region, in coordination with the International Control Analytics, Reporting and Administration Leader, ensuring consistent standards and in close coordination with Wells Fargo's Data Management & Insights group and Wholesale Control Analytics and Reporting.
Supporting administration and infrastructure coordination on behalf of the Regional Business Control Leader (including expense/budget planning, leadership meeting routines, workforce planning, team member engagement, talent management, communication and training, etc.) and in partnership with International Control Analytics, Reporting and Administration.
Implementing a fully integrated analytics, reporting and administration infrastructure to support the group and leverage resources for multiple, on-going activities/initiatives.
Market Skills and Certifications
10+ years of experience in compliance, operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk), or a combination of both; or 10+ years of IT systems security, business process management or financial services industry experience, of which 7+ years must include direct experience in compliance, operational risk management, or a combination of both.
Knowledge of Latin American countries' banking laws and regulations.
Experience in Governance, committee reporting, administration is an asset.
Proficient knowledge and experience in International Financial Services and regulatory agencies, especially those in the particular region.
Extensive experience leading the development and implementation of risk management programs and associated controls, especially operational risk, compliance, financial crimes, or enterprise risk programs, as well as integration across risk programs is critical.
Proven experience designing, developing, implementing and maintaining effective risk management programs, especially risk controls, within a large complex financial services company. Preferred experience in operationalizing controls within business operating units.
Experience driving forward-looking strategic plans and full lifecycle transformation leadership from idea inception to implementation to adoption into business as usual operations.
Ability to identify and transform existing programs that may be ineffective or deficient from a technological, operational and/or human capital perspective.
Strong experience and business acumen in the financial services industry, products, and regulatory environment.
Previous experience executing regulatory remediation and corrective actions and interacting with regulators.
Proven leadership ability to develop dynamic and high performing teams, lead virtual teams, and drive successful execution of change initiatives.
Ability to articulate complex concepts in a clear manner.
Ability to influence and consult strategically across a large organization and with various levels of leadership/stakeholders.
Excellent organizational and time management skills with the ability to process multiple tasks simultaneously.
Working knowledge of Wholesale Banking.
Excellent verbal, written, and interpersonal communication 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.
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, colour, gender, gender identity, sexual orientation, national or ethnic origin, age, disability, religion or any other status protected by applicable legislation, 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.
Internal Number: 53658BR
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