About this role:
Wells Fargo is seeking a Lead Business Accountability Specialist to lead governance over Wells Fargo Advisor's supervisory control systems, including designing and maintaining systematic risk based supervisory controls, assessing their operating effectiveness, gaining consensus on proposed changes and partnering with the agile software engineering team to implement these changes.
A successful candidate must possess strong risk management, controls, data analytics, technology and/or brokerage experience as well as have strong analytical skills to evaluate controls and evaluate data.
In this role, you will:
- Lead complex initiatives with broad impact which are designed to mitigate current and emerging business risk issues and concerns; act as key participant in large-scale, cross-functional planning for the business
- Identify and implement innovative solutions to manage supervisory risk scenarios and improve efficiency of supervisory processes using creative approaches though fact finding and data analysis
- Design risk based supervision logic and system functionality for systematic supervisory controls to ensure adequate risk mitigation by assessing regulations and policies, performing in depth data analysis, and collaborating with and gaining consensus from key stakeholders
- Work closely with the agile software engineering team responsible for the supervisory control systems to define the business requirements and provide coaching on the brokerage industry & regulations and Wells Fargo Advisors products & supervisory processes
- Design and manage user acceptance tests of automated supervisory controls
- Assess the design and operating effectiveness of the existing systematic supervisory controls, recommend, and implement an approach to mitigating any risks identified
- Assess, analyze, and design complex and multi-faceted controls, protocols, and approaches with respect to risk mitigation and the control environment, including ensuring effective planning for sustainability, ongoing control adherence, reporting, measurement, technology impacts, and monitoring
- Make decisions in complex and multifaceted situations requiring solid understanding of business's functional area or products, operations, and regulatory environment; facilitate decision-making and issue resolution, and support implementation of developed solutions and plans; influence and lead key business partners to meet deliverables and drive new initiatives
- Strategically collaborate and consult with peers, colleagues, and mid to senior-level managers to identify current and emerging risks associated with business activities and operations, and provide guidance in interpreting, developing, and implementing risk-mitigating strategies
- Act as liaison for the business with external parties to support timeliness, appropriate response strategy, and effectiveness of communications and materials
- May lead projects, teams, or serve as a peer mentor
- Demo supervisory control systems, and respond to questions regarding the supervisory control systems from supervisory users, and partner with the stakeolders to help find the most effective way to utilize the systems
- Stay informed and evaluate the implications of changing regulations and firm policies
Want more jobs like this?
Get jobs in Minneapolis, MN delivered to your inbox every week.
- 5+ 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
- Experience with supervision and regulatory / legal issues in retail brokerage
- Knowledge and understanding of retail brokerage and industry trends
- Proficient at gathering, analyzing, and interpreting data from multiple sources, identifying trends, and presenting analysis through meaningful statistics
- Independent negotiation experience
- Ability to interact with all levels of an organization
- Conflict management and decision-making skills
- Excellent verbal, written, and interpersonal communication skills and ability to interact with senior leaders
- Ability to work independently, make decisions, and instruct others, while balancing the needs of multiple projects
- Strong attention to detail and accuracy skills
- Strong time management skills
- Strong research and documentation skills
- Experience with resolving production system issues, and troubleshooting system issues discovered by the end user
- Advanced Microsoft Office skills
- FINRA registration including Series 7, 9/10, 66 (or FINRA recognized equivalents)
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$111,100.00 - $197,500.00
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
4 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.
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.