About this role:
Wells Fargo is seeking a Business Accountability Specialist
CIB Control monitoring team supports Market Conduct & Supervision program and is responsible for monitoring of identified controls as part of ICP (Internal Control Policy) and monitoring of level 1 and 2 risk types related controls for Unauthorized trading activities such as Review of Off-hours/Off Premise/manual trading, Aged Inventory & trader mandate alerting, Required absence coverage, Credit/Market risk limit breaches, Trade fail metrics, Strategic Trade book review & attestation, Late trade/unapproved products/dormant trade alerts, Non-standard Account review, Middle office trade bookings monitoring. For this role, we are looking for a candidate with good understanding of Risk Management, CIB Business, good exposure in Unauthorized trading controls, effective supervision and control of Internal Risk policy and experience in automated ORM/Control Management workflows in ORMF will be preferred.
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Responsibilities
- Individual contributor role focusing on monitoring Unauthorized trading, Market Conduct Risk & Supervision program for CIB-COO business.
- Validate & track action plans, escalate issues as required and document the control artifacts and findings.
- Perform periodic reviews for medium to complex engagements, challenge status-quo and identify opportunities to add efficiencies or refining the existing controls.
- Should have project management, control management, advanced reporting and tracking/analytical skills.
- Maintain and execute the ICP program, identify control deficiencies, document and escalate potential issues to appropriate stakeholders.
- Timely completion of all activities and documentation.
- Engage and work with multiple stakeholders - Front Line Risk Type Groups, Compliance, Internal Testing and CIB Business stakeholders.
- 2+ years of risk management, business controls, quality assurance, business operations, compliance, or process experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Overall experience of 6+ years with 4 years of relevant experience in Investment Banking industry and/or Risk & Control domains covering Compliance Reporting, Risk Management etc.
- Strong analytical skills with high attention to detail and accuracy.
- Excellent interpersonal communication skills.
- Demonstrate positive attitude and readiness to work in a challenging and dynamic environment.
- Bachelor's degree or higher. Relevant certifications will be an advantage.
- Working knowledge of the Risk Management Framework (RMF) concepts and policies across risk types and quantify risk (financial impact to organization, risk exposure levels).
- Experience in advanced excel is a must and reporting tools (Tableau or BI/automation) will be an advantage.
- General knowledge of industry standards and best practices around Risk & control evaluations, Compliance and risk management processes.
30 Dec 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.
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