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CIB Control - Broker Dealer & Prime Finance Operations Senior Control Officer

Wells Fargo
Charlotte, North Carolina, United States (on-site)
6 days ago


At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

About this role:
Wells Fargo is seeking a CIB Control - Broker Dealer & Prime Finance Operations Senior Control Officer in the Corporate & Investment Banking (CIB) Control Team, which is responsible for the implementation and management of the First Line of Defense risk program requirements. Within CIB Control, this position resides in the Business Aligned Control team and will support the CIB Operations Broker-Dealer and Prime Services Operations functions, for all aspects of the risk management framework. The position requires a detailed understanding of Broker-Dealer Operations Functions within CIB. Furthermore, the ideal candidate should have a strong understanding of the principles of operational risk management, as prescribed by the Basel Committee. The role will support global business leadership and COO teams to design and implement first line controls with respect to a variety of regulatory requirements, Wells Fargo policies and industry best practices.

Learn more about the career areas and lines of business at wellsfargojobs.com

In this role, you will:
  • Primary Business Control contact for the CIB Broker-Dealer and Prime Services Operations groups with proven knowledge of industry, products, services, processes, systems and customers
  • Continuously engage in discussions with LOB partners to dimension strategy, industry trends, organizational changes, and new/modified markets, systems, products and services, to determine impact and identify and remediate risk issues across all risk types, including financial risks. Focus on alignment to committee and governance structures
  • Collaborate with, guide and counsel LOB process and control owners for Control Assurance requirements, including identifying where controls reside, oversight of control documentation changes, evaluating effectiveness and functioning as liaison to control assurance teams responsible for QA/QC/SA/Testing
  • Collaborate with, guide, and counsel LOB partners on matters relating to the identification, formulation, and implementation of corporate policies, procedures to mitigate risks
  • Ensure a proper LOB profile of applicable regulations and associated controls as well as residual risks and compensating controls are maintained and continuously updated in appropriate systems of record on an ongoing basis
  • Ensure appropriate connectivity, linkage, and integration with in-region international risk management teams accountable for Global LOB activities in all applicable regions
  • Establish the product-risk portfolio profile, rating and trend for subject coverage areas across the L1 and L2 risk types defined in the Corporate Risk Management Framework and related RCSA process activities for areas covered
  • Establish the inventory of all relevant business processes, governance channels, internal testing, audit, regulatory engagements and prioritize internal preparation, review routines and the integration with RCSA as applicable
  • Establish regular routines with corporate risk, testing & validation and audit partners to provide transparency into business risk profile and trend
  • Establish a formal communication channel to broadcast risk program updates, risk profiles, policy updates and other key risk program information to the senior leaders of all coverage areas
  • Lead LOB RCSA Affirmation process(s) and related feeder/governance meetings
  • Establish and update regular risk reports for communication of risk ratings, issues and key topics
  • Conduct risk assessments to evaluate the adequacy and effectiveness of policies, procedures, processes, systems, technology and internal controls
  • Report risk assessment findings through corporate risk reporting channels and develop business cases to influence control owners and business sponsors on the need for additional or improved controls to mitigate risk as applicable
  • Provide reporting, written and verbal updates to LOB risk oversight councils, CIB and Enterprise risk committees as issues/incidents arise that require escalation

  • Required Qualifications, US:
  • 7+ years of Risk Management or Financial Services Industry experience, or equivalent experience demonstrated through one or a combination of the following: work experience, training, military experience, education

  • Desired Qualifications:
  • Deep understanding of Process, Risk and Control and experience with RCSA (Risk Control Self Assessments)
  • Meaningful knowledge across enterprise risk management framework, including risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance
  • Strong working knowledge of Capital Markets businesses, its products and services, and relevant risks and controls of the business
  • Working knowledge of the Risk Management Framework (RMF) concepts and policies across risk types (regulatory, financial crimes, credit, operational, etc.)
  • Demonstrated capability to confidently raise issues, escalate early, and engage in constructive credible challenge independently
  • Technical understanding of specific business operations, processes, products, and customer interactions where they manifest risk
  • Ability to conceptualize, develop, and deliver quality analysis and highly actionable management information
  • Demonstrated capacity to pro-actively and independently analyze and solve problems and address risks with the business unit's risk appetite and all risk and compliance program requirements
  • Experience with issue management standards and remediation requirement
  • Experience developing, evaluating, and validating corrective action
  • Experience with control framework implementation and governance routines

  • Posting Location:
    30 Hudson Yards, New York NY
    550 S. Tryon St, Charlotte, NC

    Pay Range

    $144,400.00 - $300,000.00 Annual
  • Information about Wells Fargo's employee benefits

  • 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, or status as a protected veteran.

    Job Information

    • Job ID: 65815803
    • Workplace Type: On-Site
    • Location:
      Charlotte, North Carolina, United States
    • Position Title: CIB Control - Broker Dealer & Prime Finance Operations Senior Control Officer
    • Company Name For Job: Wells Fargo
    • Job Function: Other

    Please refer to the company's website or job descriptions to learn more about them.

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