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 Wells Fargo India
Wells Fargo India & Philippines (WFIP) enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions across Technology, Business Services, Risk Services and Knowledge Services. WFIP operates in Hyderabad, Bengaluru and Chennai in India and in Manila, Philippines. Learn more about WFIP at our International Careers website.
We evaluate whether controls are well-designed and operating effectively. Our approach is tailored based on Risk and Control Self-Assessment (RCSA) data, and it supports proactive risk management in alignment with the Risk Management Framework. We perform evidence-based evaluations and document our outcomes based on applicable policies and standards.
About the Role
We are looking for employees to perform evidence-based control evaluations. This process may involve sampling and inspecting evidence to assess the design and operating effectiveness of controls and whether they are mitigating their assigned risks.
We are looking for a
Senior Officer to join our team and bring prior control design and operating effectiveness assessment experience to the Front Line. The right candidate will be responsible for evaluating controls to ensure proactive self-identification of issues and events, root cause analysis, resolution of control deficiencies and provides insight into emerging risks while operating in a very dynamic manner, connecting and building relationships with key partners.
Identify, assess and mitigate risks across all risk types, in coordination with LOB and assurance activities consistent with the risk management framework and policies established by Independent Risk Management.
May lead control evaluations, which may vary in complexity and risk level, and may perform quality reviews of these evaluations.
May lead identification of appropriate data populations and executes control evaluation test scripts. May review evaluation strategies to effectively sample the relevant population.
Completes control evaluations on schedule.
Raises schedule delays to the control evaluation lead with proposed resolution plans. Creates schedules for evaluations and consults on scheduling and capacity planning across the team.
Escalates any potential control deficiencies discovered during the completion of the control evaluation to a control evaluation lead.
Foster strong relationships with team and collaborate effectively. Coordinates with team, line of business, other business units, Audit, and regulators on risk related topics.
Interfaces internally with the team and line of business.
Proficient knowledge of industry standards and best practices around control evaluations and risk management processes.
Dynamic individual contributor role with the opportunity to lead project/virtual teams and mentor less experienced employees.
The positions for this posting will be allocated to the individual LOB or Enterprise Function Control Exec organizations upon hire.
As an Employee Manager, you are expected to achieve success by leading yourself, your team, and the business. Specifically you will:
Lead your team with integrity and create an environment where your employees feel included, valued, and supported to do work that energizes them
Accomplish management responsibilities which include sourcing and hiring talented employees, providing ongoing coaching and feedback, recognizing and developing employees, identifying and managing risks, and completing daily management tasks
Market Skills and Certifications
10+ years of experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) or 10+ years of financial services industry experience, of which 7+ years must include direct experience in risk management
Audit or internal control evaluation experience.
Strong risk and control fundamentals experience.
Comprehensive understanding of risk types, methodologies and frameworks for evaluating or testing controls and assessing results, conducting research, and identifying control deficiencies.
Experience drafting and executing control evaluation test scripts to assess the design and performance of internal controls.
Experience evaluating the adequacy and effectiveness of policies, procedures, processes, systems and internal controls; additional experience analyzing business and/or systems changes to determine impact.
Familiar with various quality assurance techniques.
Demonstrated ability to deliver high quality output.
Skillfully builds constructive and effective relationships. Delivers on commitments and renegotiates when needed. Strong sense of accountability.
Ability to influence and consult strategically across a large organization and with various levels of leadership/stakeholders.
Risk Management Certification Programs.
Comprehensive understanding of operational risk management in the financial services industry.
Ability to effectively communicate, verbal and written, with various levels of management, including senior leaders and executives.
Experience in assessing risk, reviewing risk ratings, and identifying control deficiencies.
Demonstrated negotiation skills, especially with difficult topics when partnering with senior management. This includes the willingness and ability to question decisions, understand direction and escalate issues, where necessary.
Ability to synthesize data from a variety of sources and deliver results quickly.
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