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CIB Control - Equities RCSA Senior Specialist

Company: Wells Fargo
Location: Charlotte
Posted on: September 23, 2022

Job Description:

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

About this role:

Wells Fargo is seeking CIB Control - Equities RCSA Senior Specialist CIB Markets Control organization and will be responsible for providing risk management leadership and expertise to the Equities business. The position will be responsible for leading risk identification, assessment, escalation, and mitigation strategies, and will perform programmatic day to day risk and control activities in support of and partnership with front line business teams. The ideal candidate should demonstrate "brilliance in the basics" in the execution of the Control function to meet regulatory commitments on time and with sustainable quality, while measurably improving the Wells Fargo control environment.

Learn more about the career areas and lines of business at wellsfargojobs.com

In this role, you will:

Take on leadership accountabilities in support of the risk transformation initiatives, operate as the primary point of contact with key partners including Control, Independent Risk, and Business Leadership and provide risk management leadership and expertise on applicable bank policies and related risk and control process requirements.

Specific responsibilities include:

* Guide the leaders through detailed risk and control evaluations, collection of metrics and supporting observations, and maintaining recurring forums to evidence management validation and attestation to RCSA
* 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 and control issues across all risk types
* Responsible for issue management by documenting and assessing control weaknesses and operational risk incidents using methods such as root cause analysis
* Consult with business process owners to develop corrective action plans and control redesign. Oversee implementation progress and conduct control evaluation efforts as required
* Coordinate with business and support partners for creation of Self-Disclosed issues in Issues Management system of record. Record losses in the system of record, as applicable
* Management Reporting: Establish and update recurring and timely reports on risks, initiatives, and deliverables for communication with business leaders and risk partners
* Control development, projects & platform initiatives: Develop business cases to influence process owners, control owners, business sponsors, and key risk partners on the need for additional or improved controls to mitigate risk; Work with the business and support teams to provide operational risk expertise and consulting for projects and platform initiatives, considering impacts to risk & control framework
* Monitor and evaluate emerging risks, operational trends, and external events for potential impact to the control environment in context of RCSA
* Maintain the inventory of all relevant business processes, governance channels, internal testing, audit, regulatory engagements and prioritize internal preparation

Required Qualifications:

* 4+ 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:

* Extensive front line direct experience with developing and/or executing risk and control assessment programs
* Extensive knowledge of Target State RCSA, process, purpose, scope, the RAU Owners roles and responsibilities roles, accountabilities and deliverables
* Strong knowledge of products, services, applicable regulations and policies, business processes, and systems in the Equities business
* Experience in large and complex banking or broker/dealer institutions, risk management leadership experience in multi-jurisdictional global financial institution
* Proven experience with Enterprise Risk Identification process; proven history building and implementing risk programs
* Direct experience in operational risk reporting and escalation programs
* Prior experience in risk process improvement, standardization and automation of business and control processes, quality assurance and control routines, and risk and control metrics and reporting
* Substantial knowledge and experience in risk management practices and applicable systems and applications used Wells Fargo
* Knowledge of the Risk Management Framework (RMF) concepts and policies across risk types (regulatory, financial crimes, credit, operational, etc.)
* Ability to synthesize data and observations from a variety of sources, deliver succinct summaries (both verbal and written), and enact response quickly
* Capable of diagnosing business needs, conceptualizing and initiating planning, organizing the enlistment of response teams, and the implementation and management of change
* Personal ability to understand and operate successfully in a complex, heavily matrixed corporate environment

Posting Location:

30 Hudson Yards New York, NY

550 S. Tryon Street Charlotte, NC

Due to a city-wide mandate in New York City, all individuals who perform in-person work or interact with the public during business must be fully vaccinated against COVID-19 or qualify for an approved accommodation to be exempt from being fully vaccinated. Currently, this position falls under the scope of this mandate.

Pay Range

$100,800.00 - $179,200.00 Annual

Benefits

* Information about Wells Fargo's employee benefits

We Value Diversity

At 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, or status as a protected veteran.

Keywords: Wells Fargo, Charlotte , CIB Control - Equities RCSA Senior Specialist, Accounting, Auditing , Charlotte, North Carolina

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