This team member must be capable of initiating action and managing change in a fast paced environment under regulatory scrutiny and heightened expectations. It requires a team member with strong relationship management, influencing, vision and execution skills. A key differentiator will be the ability to understand and operate successfully in a complex, heavily matrixed corporate environment. The role requires a sense of urgency, passion for results, and personal accountability for achievement while having ability to make timely and difficult decisions. Successful candidate will have ability to distill complex concepts into simplified/targeted solutions, communicate those concepts effectively and ensure that all deliverables are met. They will use both experience and analysis to identify business problems and build compelling fact-based strategic recommendations. They will also have a demonstrated ability to build and maintain strong credible relationships with key stakeholder groups including Business Leaders, Independent Risk Management and Regulators.
Partner closely with appropriate stakeholders within the Wholesale, PVSI and WIM Control organizations as well as other key stakeholders, to execute on International Control programs for regulatory control and financial crimes.
Develop a team with a strong working knowledge of the designated LOBs (line of businesses) and the key risk controls that apply to these LOBs.
Develop a team that serves as the primary day-to-day coverage officers for the LOBs with proven knowledge of products, services, processes, systems and customers in these LOBs.
Continuously engage in discussions with LOB partners on strategy, industry trends, organizational changes, and new/modified markets, systems, products and services, to determine impact and identify and remediate risk control issues across all risk types.
Collaborate with, guide and counsel Risk Control and LOB partners on control design and implementation to mitigate risks.
Collaborate with, guide, and counsel LOB process and control owners on identifying where controls reside, managing control changes and evaluating effectiveness.
Collaborate with, guide, and counsel LOB partners on matters relating to the implementation of Corporate policies and Wholesale requirements.
Help ensure proper LOB profiles 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.
Responsible for providing risk management support to the line of business
Maintains an awareness of the state of risk across assigned business(es) and industry; may provide subject matter expertise across specific functional areas and ensures that all business issues are proactively identified and addressed appropriately, escalating where necessary; manages relationships and fosters a team orientation with corporate, business heads, legal, audit and multiple US and non-US regulators; represents the business(es) in the external community, including with senior regulators, elected officials and trade groups.
10+ years of experience in compliance, operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk), or a combination of both; or 10+ years of IT systems security, business process management or financial services industry experience, of which 5+ years must include direct experience in compliance, operational risk management, or a combination of both.
Ability to articulate complex concepts in a clear manner
Strong analytical skills with high attention to detail and accuracy
Advanced Microsoft Office skills
Excellent verbal, written, and interpersonal communication skill
Ability to escalate issues
Ability to exercise independent judgment to identify and resolve problems Ability to influence and collaborate at all internal organizational levels
Knowledge and understanding of risk management
Proven experience designing, developing, implementing and maintaining effective risk management programs, especially risk controls, within a large complex financial services company. Preferred experience in operationalizing controls within business operating units.
Previous experience executing regulatory remediation and corrective actions and interacting with regulators.
Proven leadership ability to develop teams, lead virtual teams, and drive successful execution of change initiatives.
Knowledge and understanding of Shared Risk Platform (SHRP) such as reporting and issue management.
Solid conflict management, decision making & project management skills
Virtual leadership experience with ability to effectively drive results, provide feedback/direction, and manage and build relationships with leaders and team members in a geographically dispersed team environment
Knowledge across enterprise risk management framework, including: risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance.
Deep understanding of risk framework, corporate/business policies, and programs to translate into plans for the business, function and/or risk type.
Deep technical understanding of specific business operations, processes, products, and customer interactions and where they manifest risk.
Ability to drive alignment across stakeholder groups to develop and deliver repeatable end-to-end risk management solutions and controls aligned with business/customer processes.
Ability to engage in constructive credible challenge when necessary.
Ability to design and implement control analytics and reporting to drive effective decision making and results.
Ability to analyze issues when data is collected from multiple sources and know how to ask the right questions to obtain the information needed to properly assess potential risks.
As a Team Member manager, you are expected to achieve success by leading yourself, your team, and the business. Specifically you will:
Lead your team with integrity and create an environment where your team members feel included, valued, and supported to do work that energizes them.
Accomplish management responsibilities which include sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks.
Internal Number: 6121909
About Wells Fargo Bank
eFinancialCareers is a career site specializing in financial services.