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
About the Role
The Business Risk and Control Officer position is within the Technology organization. The incumbent is responsible for engaging, working closely with Enterprise Functions Technology (EFT) associates in the implementation, execution and monitoring of technology controls to enable risk mitigation across assigned business.
Design meaningful metrics and monitoring of key risks and controls, and develop reporting for operations, control and business leaders, and Enterprise Risk Programs such as Risk Control Self-Assessment (RCSA) or Risk Appetite.
Supervise and oversight the Risk Management Activities.
Keep senior leaders in Operations, COO, Enterprise Functions Technology (EFT) Divisional Control, and other key stakeholders abreast of operational support risks, operational process and control health, and similar infrastructure and capacity concerns affecting EFT.
Continuously engage in discussions with the EFT COO Functions, Business partners and Operations supporting EFT on opportunities to improve end-to-end processes and controls, new product or services strategies, new/modified markets, systems, products and services, to determine impact, identify, and remediate operational risk issues across EFT.
Provide reporting, written and verbal updates to risk oversight councils, EFT and Enterprise risk committees as issues/incidents arise that require escalation.
Develop business cases to influence control owners and business sponsors on the need for additional or improved controls to mitigate risk as applicable.
Establish regular routines with corporate risk, testing & validation and audit partners to provide transparency into business risk profiles and trend.
Collaborate with the line of business to help manage Audit, IRM and Regulator engagements, reviewing submissions where necessary.
Lead or assist in regulatory risk related projects as needed
Market Skills and Certifications
University degree in Business or related discipline.
Experience of 14 years overall with a minimum of 12 years relevant experience in a multinational financial institution or similar.
One or more certifications like CRISC, CISA, CISM, CGEIT, and CISSP.
Working knowledge of the Risk Management Framework (RMF) concepts and policies across risk types (regulatory, financial crimes, credit, operational, etc.) and quantify risk (financial impact to organization, risk exposure levels).
Ability to identify risk and controls, to create remediation plans, remediation success criteria and control documentation.
Knowledge and experience in Policy Management, third party risk, BCP, SDLC, Availability Management, Configuration Management, Access Control, Segregation of Duties, vulnerability management, and other domains in technology and information security to serve as a SME.
Understanding of audit lifecycle and methodology.
Ability to lead project execution by creating project plans, tracking action items and deliverables, and reporting to showcase progress, risks and issues.
Excellent communication skills (verbal, written and interpersonal); ability to concisely articulate complex concepts in a clear manner. Strong analytical skills with high attention to detail and accuracy.
Ability to translate technical language into plain business language, and to translate business requirements into technology initiatives.
Demonstrated capability to confidently raise issues, escalate early, and engage in constructive credible challenge independently.
Technical understanding of specific business operations, processes, products, and customer interactions where they manifest risk.
Demonstrated capacity to pro-actively and independently analyze and solve problems and address risks. Take accountability of timely submission of deliverables and critical thinking.
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.
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