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At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
We are seeking a Business Risk and Control Senior Associate who will serve as an important member of the Front Line Control organization and is accountable for assessing and ensuring effective management and control of associated risks for Data Management & Insights (DMI).
This role is part of the team that counsels DMI leadership on risk and control issues, issue management and remediation and regulatory interactions. This role must foster a collaborative environment that ensures timely communication and strong cooperation between this front line unit and independent risk management under Corporate Risk, and a strong connection with Wells Fargo Audit Services.
Specific responsibilities include:
Supports the development of a strong risk and control culture within the group.
Escalates concerns and issues to senior leadership and the Board as appropriate, following established protocols.
Provides Front Line input to the establishment of enterprise risk programs to ensure risk factors are identified, monitored and considered.
Provides guidance and works closely with the leaders in the respective organizations in the establishment of controls in alignment with Enterprise and functional policies and standards. Operationalizes those controls consistent with guidance from Risk Control Executive.
Proactively counsels leadership of lines of businesses on new and emerging risks, issue management, and remediation and provides reporting on risks/controls/issues to the respective business leader and Independent Risk Management.
Develop and implement mitigation strategies to address known gaps and deficiencies in an effective and timely manner.
A BS/BA degree or higher
Excellent verbal, written, and interpersonal communication skills
Experience developing partnerships and collaborating with other business and functional areas
Other Desired Qualifications
The successful candidate will also work closely with Data Management and Insights and with other Control Organizations in the execution of company risk management strategies. Accordingly, critical success factors will include the ability to develop partnerships with many functional areas, provide insight into the regulatory climate and identify trends which may present opportunities or reflect gaps in the Company's strategic execution/direction.
A strong track record and business knowledge in the financial services sector with subject-matter expertise as it pertains to business functions
Demonstrates the ability to make subjective and informed decisions based upon output, influence stakeholders and justify decision making
Understands the respective businesses they are supporting and understanding of related laws/rules/regulations
Strong analytical ability used to identify risks and confidently raise issues and through proper statue and authority will counsel and escalate early and when necessary
Design a control and ways to measure effectiveness
Meaningful knowledge across the enterprise risk management framework, including: risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance
Strong interpersonal, influencing, and communications skills with an ability to interact effectively with stakeholders and regulators, to include virtual, matrixed leadership experience and the ability to effectively manage and build relationships within the enterprise Risk function and the business
Ability to analyze, problem solve with demonstrated excellence at identifying stakeholders, understanding needs, and driving decision- making/resolution through a consensus building approach
Implement solutions through written action plans, procedures and change management
Deep understanding of ever-evolving governance processes and regulatory environments
Ability to fluently articulate strategy and operations; translating organizational strategies into clear objectives and action
Experience working horizontally across an organization and participating in enterprise-wide implementations of major policy and relevant risk programs
Experience with regulatory reporting
Demonstrated experience working in a rapidly changing and complex environment
The salary range displayed below is based on a Full-time 40 hour a week schedule.
NC-Charlotte: Min: $80,500 Mid: $115,000
All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.