Senior Control Management Specialist

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 Financial Services industry and / or risk & control domains covering operational risk, controls testing / evaluation, compliance, internal audit, risk management etc.
• Experience in automation / advanced excel / reporting will be an advantage.
• General knowledge of industry standards and best practices around control evaluations / testing, internal audit and risk management processes.
• Experience creating test questions or test scripts
• Experience assessing control design and performance through testing, audit or Risk Control Self-Assessment practices
• Experience assessing processes, procedures and identifying controls
• Experience in assessing risk, reviewing risk ratings, identifying control gaps, and determining the appropriate evaluation methodology.

Job Expectations:

• Comprehensive understanding of operational risk management in the financial services or other highly regulated industries
• Strong analytical skills with high attention to detail and accuracy.
• Excellent verbal, written, interpersonal communication skills and stakeholder management.
• Demonstrate positive attitude and readiness to work in a challenging and dynamic environment.
• Flexibility to multitask and work across domains and business groups.
• Ability to credibly challenge, conduct tough conversations and effectively communicate with various levels of management
• Ability to synthesize data from a variety of sources and deliver results quickly.

Department Overview

We evaluate whether controls are well-designed and operating effectively. Our approach is tailored based on Risk and Control Self-Assessment (RCSA) data, and it supports proactive risk management in alignment with the Risk Management Framework. We perform evidence-based controls evaluations and document our outcomes based on applicable policies and standards.

About the Role

The controls evaluation team will perform evidence-based control testing which may involve sampling and inspecting evidence to assess the design and operating effectiveness of controls and whether they are mitigating the assigned risks.

This role will help in strengthening the business control environment through proactive evaluation of controls, identification of issues and by providing consultative guidance to the front-line business groups.
For this role, we are looking for a candidate with good understanding of risk management, operational risk and control evaluation methodologies with an ability to assess the design and operating effectiveness of controls for medium to high complex processes. The role requires engagement with multiple stakeholders, providing credible challenge and an ability to identify and report potential control gaps in the business processes.

Responsibilities

• Individual contributor role focusing on performing evidence-based control evaluations by conducting various evidence gathering activities.
• Design, maintain and execute the control evaluation scripts, identify control deficiencies, document and escalate potential issues to appropriate stakeholders.
• Validate & track action plans, escalate issues as required and document the control test artifacts and findings.
• Perform control evaluations for moderate to complex engagements, challenge status-quo and identify opportunities to add efficiencies or refining the existing processes.
• Engage and work with multiple stakeholders - front line business groups, risk program aligned functions and IRM teams for driving the objectives of risk and control programs.
• Instill and drive proactive risk culture, operational excellence and efficiencies.

Essential Qualifications and Experience

• Bachelor's degree or higher. Relevant certifications will be an advantage
• Overall experience of 8+ years with 5 years of relevant experience in Financial Services industry and / or risk & control domains covering operational risk, controls testing / evaluation, compliance, internal audit, risk management etc.
• Experience in automation / advanced excel / reporting will be an advantage.
• General knowledge of industry standards and best practices around control evaluations / testing, internal audit and risk management processes.
• Experience creating test questions or test scripts
• Experience assessing control design and performance through testing, audit or Risk Control Self-Assessment practices
• Experience assessing processes, procedures and identifying controls
• Experience in assessing risk, reviewing risk ratings, identifying control gaps, and determining the appropriate evaluation methodology.

Essential Skills?

• Comprehensive understanding of operational risk management in the financial services or other highly regulated industries
• Strong analytical skills with high attention to detail and accuracy.
• Excellent verbal, written, interpersonal communication skills and stakeholder management.
• Demonstrate positive attitude and readiness to work in a challenging and dynamic environment.
• Flexibility to multitask and work across domains and business groups.
• Ability to credibly challenge, conduct tough conversations and effectively communicate with various levels of management
• Ability to synthesize data from a variety of sources and deliver results quickly.