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Job Title: Business Risk & Control Senior Associate - PVSI Third Party Risk
Company Name: Wells Fargo
Location: West Des Moines, IA
Position Type: Full Time
Post Date: 01/25/2020
Expire Date: 03/01/2020
Job Categories: Accounting/Auditing, Advertising/Marketing/Public Relations, Banking, Consulting Services, Finance/Economics, Financial Services, Information Technology, Insurance, Law Enforcement, and Security, Military, Retail/Wholesale, Sales, Research & Development
Job Description
Business Risk & Control Senior Associate - PVSI Third Party Risk
Job Description

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume prior to submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message.  In order to receive text message invitations, your profile must include a mobile phone number designated as “Personal Cell” or “Cellular” in the contact information of your application.

At Wells Fargo, we want to satisfy our customers’ financial needs and help them succeed financially. We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience. 

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

The Payments, Virtual Solutions, and Innovation (PVSI) team includes Operations, Consumer Credit Card, Retail Services, Consumer Deposits, the Innovation Group, Treasury Management, Merchant Services, Marketing and Wells Fargo Virtual Channels and the professional services teams that partner with these businesses. PVSI's focus is on delivering the next generation of payments and deposit capabilities and advancing our digital and online offerings to design new customer experiences and products. Our guiding principles are to start with the customer, move faster, and partner effectively.

PVSI Third Party Risk: Business Process is seeking seasoned Business Risk and Control Sr Associate (ORC4).

Key responsibilities will include but are not limited to:
The Business Risk and Control team is responsible for partnering with the relevant business group to identify, assess, manage and mitigate current and emerging risk exposures associated with their activities and operations.

  • Monitors, measures, evaluates, and reports on the impact of decisions and controls to the relevant business group and enterprise function.
  • Consults and provides guidance to business groups on the development, implementation, and monitoring of moderately complex business-specific programs to identify, assess, and mitigate risk.
  • Consults and provides support in the interpretation of policy, guidelines, and governance programs as the front line liaison to independent Risk Management area for moderate to high risk and complexity enterprise risk programs.
  • Provides risk management consulting to support the business in designing and implementing risk mitigation strategies, business processes and controls that mitigate risks and address regulatory requirements.
  • Develops and implements risk monitoring and risk reporting processes and controls.
  • Monitors and reports on its risk concentration, current and emerging risk, and risk appetite. Aggregates, evaluates, reports results and escalates where necessary.
  • Designs and executes control effectiveness assurance programs for Front Line-owned controls.
  • Consults and implements initiatives with moderate to high risk.
  • Internal interface with business regarding risk management of business-specific risk programs.
  • Limited to no external interaction.
  • Does not manage other team members.

Preferred locations: 7001 Westown Parkway West Des Moines, IA 50266; 2701 Wells Fargo Way, Minneapolis, MN 55467; 2600, S Price Rd, Chandler AZ 85286; or 301 S College St, Charlotte NC 28202. Open to other PVSI approved locations in the Wells Fargo foot print.

Required Qualifications

  • 5+ years of experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) or 5+ years of financial services industry experience, of which 3+ years must include direct experience in risk management

Desired Qualifications

  • A BS/BA degree or higher
  • Ability to interact with all levels of an organization
  • Ability to work effectively in virtual environment where key team members and partners are in various time zones and locations
  • Ability to work and influence successfully within a matrix environment and build effective business partnerships with all levels of team members
  • Ability to implement a solution and communicate, in clear business terms, the benefits of the proposed risk management approach

Other Desired Qualifications
  • Advanced Microsoft Office skills
  • Strong Third Party Risk Management experience
  • Experience with multiple Operational Risk programs
  • Strong experience in working on large scale initiatives that cross lines of business and functional areas
  • Strong understanding of the consumer financial services industry, including Community Banking business and operating model, products, and customer experience
  • Strategic leadership skills
  • Experience using data analysis to identify trends
  • Strong experience with Wells Fargo Third Party Risk Management program, policies and tools.
  • Experience identifying risks and issues, and determining effectiveness of assessments and mitigation plans

Job Expectations

  • Ability to travel up to 10% of the time


All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

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Company Name: Wells Fargo
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