Senior Control Management Specialist

About this role:

Wells Fargo is seeking a Senior Control Management Specialist.

In this role, you will:

• Participate in identifying, assessing, managing, and mitigating current and emerging risk exposures within Control Management functional area
• Provide risk management consulting to support the business in designing and implementing risk mitigation strategies, business processes, and business controls
• Monitor moderately complex business specific programs and provide risk management consulting to support the business in designing and implementing risk mitigation strategies
• Monitor, measure, evaluate, and report on the impact of decisions and controls to the relevant business group or functional area
• Provide guidance to business groups on the development, implementation, and monitoring of business specific programs to identify, assess, and mitigate risk
• Collaborate with relevant business group to identify current and emerging risks associated with business activities and operations

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:

• Experience in Risk Management oversight (Line 1 or Line 2) in a Global Bank or Financial Services organization.
• Exposure to Consumer, Small and Business Banking will be an added advantage.

Job Expectations:

• The following Risk Management lifecycle stage related skills are expected:
• Incorporate risk considerations into decision making, including strategic initiatives
• Execute effective governance committees
• Help establish front line statements of risk appetite
• Following Risk Management lifecycle stage capabilities are expected:
• New Business Initiatives
  Incorporate risk considerations into decision making, including strategic initiatives
  Governance Committees
  Execute effective governance committees
  Risk Appetite
  Help establish front line statements of risk appetite
  RCSA - Execution
  Readiness
  Pre-Workshops
  Workshops
  Post-Workshops
  RCSA - Annual Refresh
  Preparedness - Review of history, delta changes, BECs etc.
  Execution - Determining Change Levels and conducting workshops as required
  Post-Execution - Submission of CRs through SharePoint or RCSA Next Gen Tool
  Issue Management
  Capture - Identify Issue, PVC, capture in SOR within SLAs
  Plan - Review CA(s)/RCA/RA/CIA
  Mitigate - Help Develop corrective actions to remediate control breakdowns etc.
  Horizontal Reviews
  Consistent application and assessment of risks across similar RAUs across the BG/EF and across the bank
  Consistent application and assessment of MCRs across similar RAUs across the BG/EF and across the bank
  Risk Type Reviews across all RAUs for consistency in applicability and assessment of expected controls
  Review of Control Inventory for consistent application of controls across similar risks
  Escalation Management
  Disposition potential escalations and input into the SOR
  Complaints Management
  Perform root cause analysis with RAU/Control owners & key stakeholders
  Change Management
  Execute change management protocols when implementing new business initiatives, Organizational Change and new and revised requirements
  Enterprise Risk Identification and Assessment
  Support Assessment of Risks applicable to respective business area
  Operational Risk Events
  Near Misses - Perform root cause analysis with RAU/Control owners & key stakeholders
  Internal Losses - Perform root cause analysis with RAU/Control owners & key stakeholders
  Internal Control Policy
  Governance and Hygience checks on Control Inventory
  Review, update and maintain control documentation and assessments including procedures for completeness and consistency
  Issue Management
  Monitor, Manage and close issues through the issue management lifecycle
  Issue testing and validation
  Control Inventory Reviews and Automation Opportunities
  Review of the Control Inventory for Rationalization Opportunities / Shared Controls
  Review of Control Inventory for Automation Opportunities
  Review of Control Inventory for consistent application of controls across similar risks
  Measures and Metrics
  Establish metrics, measures and trigger events and monitor triggers or boundary breaches
  Self Assurance Activities
  Engage with EBCE for testing, remediaton post testing
  Issue Management
  Monitor Issues & Cas for updates until closure
  RCSA - Trigger / Change Management
  Monitoring of triggers and the business environment
  Determine Impact on business and review for adjustments to RCSA
  Disposition BEC and Execute adjustments in RCSA - Submission of CRs through SharePoint or RCSA Next Gen Tool
  Governance Committees
  Risk & Control Committees/Councils/Forums
  Issue Management
  Sustainability - Complete test of design (CA completion) and performance (sustainability); documentation for Issue closure
  Readiness
  Engaged in business led audit, exam, and issue validation management, which may include active inspection readiness activities.
  Enterprise Risk Identification and Assessment
  Complete ERIA Inventory Assessment for each risk applicable to LOB