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 Associate will report to the Business Risk and Controls Frontline Execution Manager. The Business Risk and Controls Frontline Execution team is responsible for partnering with the relevant business group to manage and mitigate current and emerging risk exposures associated with their activities and operations.
Monitors, measures, evaluates, and reports on the impact of decisions and controls to the relevant business group and enterprise function.
Provides guidance and execution support to business groups on the development, implementation, and monitoring of business-specific programs to identify, assess, and mitigate risk.
Provides support in the interpretation of procedures as front line liaison to Independent Risk Management area for low to moderate risk and complexity enterprise risk programs.
Supports business in implementing and executing risk mitigation strategies, business processes and controls that mitigate risks and address regulatory requirements.
Develops and implements risk monitoring and risk reporting processes and controls.
Monitors and reports on its risk concentration, current and emerging risk, and risk appetite.
Aggregates, evaluates, reports results and escalates where necessary.
Executes control effectiveness assurance programs for Front Line-owned controls.
Supports and implements initiatives with low to moderate risk.
Manages specific operational risk routine procedures to execute to.
Internal interaction with team to support identification, management and mitigation of business-specific risk programs.
Market Skills and Certifications
2+ years of direct experience in risk (includes compliance, financial crimes, operational risk, audit, legal, business process management)
Strong experiences in writing, delivering/executing business procedural controls
Solid experiences with operational risk control execution
Experiences in executing business-specific risk programs
Bachelor's Degree in businesses, risk management or a related field
Experience with foreign bank branch structure or global financial services industry with matrix organizational structure
Knowledge of Business Process Management
Knowledge on wholesale/commercial/corporate banking products
Knowledge of Canadian banking regulatory/supervisory frameworks
Familiar with the lines of defense model
Proactive self-starter who values personal accountability and thrives under pressure in a fast-paced and demanding environment
Ability to meet stringent deadlines
Ability to work independently
Excellent verbal, written, and interpersonal communication skill
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.
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.
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: 55331BR
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