Why Wells Fargo:This is where your true career begins. We ranked #2 on the 2023 LinkedIn Top Companies list - and #1 among financial services companies - as the best workplace "to grow your career" in the U.S. At Wells Fargo, we support employees' career aspirations and growth. We're proud of our employee-welfare-centered business approach and our commitment to diversity, equity, and inclusion in the workplace.We offer competitive salaries and one of the richest benefits packages in the industry. Our Total Rewards program focuses on wellness, work-life balance and the financial health of our employees. Our customers invest with us, we invest in you. Apply today.About this role:This position is within the Corporate & Investment Banking (CIB) Control Team, which is responsible for the implementation and management of the First Line of Defense risk program requirements. Within CIB Control, this position resides in the Business Aligned Control team and will support the Macro businesses.The CIB Macro Control Officer requires a detailed understanding of Capital Markets products and services, as well as good knowledge and understanding of Foreign Exchange, other Fixed Income products and Electronic Trading across Capital Markets. Furthermore, the ideal candidate should have a strong understanding of the principles of operational risk management, as prescribed by the Basel Committee. The role will support global business leadership and COO teams to design and implement first line controls with respect to a variety of regulatory requirements, Wells Fargo policies and industry best practices.Learn more about the career areas and lines of business at wellsfargojobs.comIn this role, you will:
Serve as the primary risk management contact for the CIB Macro groups with proven knowledge of products, services, processes, systems and customers.
Continuously engage in discussions with LOB partners on strategy, industry trends, organizational changes, and new/modified markets, systems, products and services, to determine impact and identify and remediate risk issues across all risk types, including financial risks.
Collaborate with, guide and counsel Risk Control and LOB partners on control design and implementation to mitigate risks.
Collaborate with, guide and counsel LOB process and control owners for Control Assurance, including identifying where controls reside, managing control changes, evaluating effectiveness and functioning as liaison to control assurance team in Governance & Programs.
Collaborate with, guide, and counsel LOB partners on matters relating to the identification, formulation, and implementation of Corporate policies, procedures to mitigate risks.
Ensure a proper LOB profile of applicable regulations and associated controls as well as residual risks and compensating controls are maintained and continuously updated in appropriate systems of record on an ongoing basis.
Ensure appropriate connectivity, linkage, and integration with in-region international risk management teams accountable for LOB activities in EMEA, Canada, Asia, ANZ, and Latin America.
Execute and manage the advancement of core risk program requirements such as RCSA, loss capture as well as related enterprise risk programs (BCP, Information Security, Sales Practices, Conduct Risk, etc.)
Partner with Macro and Middle Office managers and control functions to complete risk program requirements.
Establishing the product-risk portfolio profile, rating and trend for subject coverage areas across the L1 and L2 risk types defined in the Corporate Risk Management Framework and related RCSA process activities for areas covered.
Establish the inventory of all relevant business processes, governance channels, internal testing, audit, regulatory engagements and prioritize internal preparation, review routines and the integration with RCSA as applicable.
Establish regular routines with corporate risk, testing & validation and audit partners to provide transparency into business risk profile and trend.
Establish a formal communication channel to broadcast risk program updates, risk profiles, policy updates and other key risk program information to the senior leaders of all coverage areas.
Establish and update regular risk reports for communication of risk ratings, issues and key topics.
Work with the business and support teams to provide operational risk expertise and consulting for projects and platform initiatives.
Work within the CIB Business Control Management team to ensure requirements of the corporate risk management programs (CRMPs) are appropriately communicated to and met by the line of business.
Conduct risk assessments to evaluate the adequacy and effectiveness of policies, procedures, processes, systems, technology and internal controls.
Analyze business, industry, system changes or other material business environment changes to determine impact, identify and assess operational risk issues.
Report risk assessment findings through corporate risk reporting channels and develop business cases to influence control owners and business sponsors on the need for additional or improved controls to mitigate risk as applicable.
Provide reporting, written and verbal updates to LOB risk oversight councils, CIB and Enterprise risk committees as issues/incidents arise that require escalation.
Required Qualifications:
5+ years of Risk Management or Control Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
Strong working knowledge of Capital Markets businesses, its products and services, and relevant risks and controls of the business
Deep understanding of the principles of operational risk management
Ability to identify risk factors or exposures and ensure enactment of appropriate controls
Working knowledge of the Risk Management Framework (RMF) concepts and policies across risk types (regulatory, financial crimes, credit, operational, etc.)
Excellent communication skills (verbal, written and interpersonal) with the ability to concisely articulate complex concepts in a clear manner
Strong analytical skills with high attention to detail and accuracy
Highly professional, adaptable and pro-active mindset
Demonstrated capability to confidently raise issues, escalate early, and engage in constructive credible challenge independently
Advanced Microsoft Office skills
Technical understanding of specific business operations, processes, products, and customer interactions where they manifest risk
Ability to develop high performing, diverse risk structure in a highly matrixed environment
Ability to assess and determine when to raise concerns and escalate
Pro-actively resolve conflict and maintain objectivity
Ability to conceptualize, develop, and deliver quality analysis and highly actionable management information
Demonstrated capacity to pro-actively and independently analyze and solve problems and address risks with the business unit's risk appetite and all risk and compliance program requirements
Job Expectations:This position is not eligible for Visa sponsorship.This position offers a hybrid work schedule.This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.Posting Location:500 W 33rd St New York, NY550 S. Tryon St, Charlotte, NCThe Control Functions adhere to a location strategy, therefore your candidacy may be determined based on your current location. Remote work locations are not available for these roles, so if you are not in a location listed on the posting, you must commit to relocation within an agreed upon timeframe.New York City-Pay Range: $133,300.00 - 237,100.00 USDPay Range$111,100.00 - $237,100.00BenefitsWells Fargo provides all eligible full- and part-time employees with a comprehensive set of benefits designed to protect their physical and financial health and to help them make the most of their financial future. Visit Benefits - Wells Fargo Careers for an overview of the following benefit plans and programs offered to employees.
401(k) Plan
Paid Time Off
Parental Leave
Critical Caregiving Leave
Discounts and Savings
Health Benefits
Commuter Benefits
Tuition Reimbursement
Scholarships for dependent children
Adoption Reimbursement
Posting End Date:24 Mar 2024 Job posting may come down early due to volume of applicants.We Value DiversityAt Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.Employees 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.Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.Applicants with DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .Drug and Alcohol PolicyWells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.Company: WELLS FARGO BANKReq Number: R-349857-2Updated: Thu Mar 14 00:00:00 UTC 2024Location: CHARLOTTE,North Carolina
