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:
Wells Fargo is seeking a Control Management Senior Manager to join the Corporate & Investment Banking (CIB) Commercial Real Estate (CRE) Control Management Team. This is a highly visible strategic leadership role with an opportunity to lead and develop key risk priorities to support the CRE business.
This role will be accountable for partnering with their relevant business group to develop and maintain a strong control environment leading to the early identification and sustainable mitigation of operational risk. The leader will be responsible for leading risk identification, assessment, escalation, and mitigation, and managing a team of professionals that perform day-to-day risk and control activities in support of and partnership with front line business teams.
In this role you will:
Lead the identification, documentation, and evaluation of risks throughout Risk and Control Self-Assessment (RCSA) lifecycle
Complete assessments of control design, performance, and redesign less than effective controls
Perform root cause analysis with Risk Assessable Unit (RAU) leaders and/or control owners & key stakeholders for complaints, incidents, operational risk events, and other issues. Consult with applicable stakeholders to develop remediation plans to address root causes
Lead, document, and approve issue pre-vetting, scoping, corrective action development, and RCSA alignment
Escalate breaches, trends, or other themes to Risk & Control Committees/Councils/Forums
Engage in audit, exam, and issue validation management
Participate in new product process, including supporting risk assessments for new products and related products changes
Analyze business initiatives to influence potential process, risk, and control impacts and drive efficiency and growth
Create management reporting and presentations, including developing and managing reporting content and routines for periodic updates to senior leaders, business management meetings, risk and control committees, and ad hoc requests
Manage and develop a professional team with a strong working knowledge of the products, services, applicable regulations and policies, business processes, systems, and customers for the CRE business, including the key risk requirements and controls that apply to the business
Continuously engage in discussions with 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
Lead other special projects as needed to support the control management function in CRE and CIB, including representing CRE Control in select CIB-level forums
As a Team Member 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 team members feel included, valued, and supported to do work that energizes them
Accomplish management responsibilities which include sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks
This position directly supports 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. Teams are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following, and adhering to and if 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.
Required Qualifications:
6+ years of Risk Management or Business Controls experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
3+ years of Management experience
Desired Qualifications:
5+ years of experience in a CRE line of business or front-line risk control position
Strong awareness of industry trends and related risk, technology, and process developments
Substantial knowledge and experience in risk management practices and applicable systems and applications used across CRE
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
Experience designing efficient control frameworks across complex and multi-jurisdictional regulatory frameworks and risk types
Demonstrated leadership capability, including past hiring and building of effective and loyal teams as well as influence, partnership support, and productive impact on broader teams outside of direct management control. Collaborative team player, able to translate prior business knowledge and experience into strong and productive relationships internally and externally to achieve goals and improve business performance
Strong work ethic, including being enthusiastic and deliverables- and performance-oriented, with a demonstrated bias toward proactive communication and responsiveness to in-flight demands
Ability to synthesize data and observations from a variety of sources, deliver succinct summaries (both verbal and written), and enact response quickly
Experience with the monitoring and implementation of risk management requirements, systems and controls, on a global basis
Capable of diagnosing business needs, conceptualizing and initiating planning, organizing the enlistment of response teams, and the implementation and management of change
Ability to understand and operate successfully in a complex, heavily matrixed corporate environment
Job Expectations:
This position requires onsite presence 3 days a week at one of the posted locations
Ability to travel up to 10% of the time
Posting End Date:
28 Nov 2024*Job posting may come down early due to volume of applicants.
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, status as a protected veteran, or any other legally protected characteristic.
Candidates applying to job openings posted in Canada: 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.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment and Hiring Requirements:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.