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Senior Lead Control Management Officer
Company: WELLS FARGO BANK
Location: Boston, MA
Employment Type: Full Time
Date Posted: 08/19/2022
Expire Date: 10/24/2022
Job Categories: Accounting/Auditing, Banking, Consulting Services, Finance/Economics, Financial Services, Human Resources, Information Technology, Installation, Maintenance, and Repair, Legal, Research & Development
Job Description
Senior Lead Control Management Officer

About this role:

Wells Fargo is seeking a talented, organized, and experienced Senior Lead Control Management Officer for a challenging opportunity responsible for assisting in resolution of high priority efforts including design, implementation, monitoring and ongoing maintenance of the Commercial Banking Risk and Control Self- Assessment (RCSA) Program.  This Senior Lead Control Management Officer will be responsible for leading and navigating in a collaborative environment that ensures timely communication, swift execution and strong cooperation between control program leaders, business-aligned control teams, and Commercial Banking's core business leadership


In this role, you will:

  • Be responsible for supporting the end-to-end Risk and Control Self-Assessment (RCSA) program which covers the full lifecycle of the RCSA (i.e. risk identification and assessment, control identification and assessment, residual risk assessment, key risk indicators, evidence based control evaluations, issue remediation of control deficiencies, monitoring & reporting and ongoing maintenance). 
  • Function as the key point of contact for implementation of Commercial Banking Control Programs.  Includes but not limited to provide vision, direction, and expertise to control program leaders on implementing innovative solutions and sustainable routines to satisfy complex policy and program requirements
  • Commercial Banking Strategic Initiative Management: partner with all Commercial Banking leaders to help identify, coordinate, and manage impacts to or from control program outcomes
  • Management Reporting: Establish and update regular reports for communication of program health, issues and key topics.
  • Lead the strategy and resolution of alignment issues raised by other control programs/functions.
  • Facilitate extensive collaboration with stakeholders across multiple lines of business and various control programs.
  • Follow and adhere 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.
  • Engage with all levels of roles across the control and business groups and serve as an experienced advisor in designing and implementing control program strategies, routines and controls that mitigate control program risk and help drive best practice execution


Required Qualifications:

  • 10+ years of experience in risk management or 10+ years of financial services industry experience, of which 7+ years must include direct experience in risk management.


Desired Qualifications:

  • Superior organizational skills including the ability to manage multiple projects concurrently
  • Experience consulting on regulatory matters or change management experience in the financial services industry
  • Ability to synthesize complex findings into understandable, actionable information and recommendations presented to executive business leadership
  • Strong working knowledge of Commercial Banking (CB) businesses (including CB control Management Programs), its products and services, and relevant risks and controls of the business
  • Change Management and Process Improvement experience
  • Experience working in risk identification and assessment programs such as the Risk and Control Self-Assessment (RCSA) program
  • Knowledge and understanding of systems of record used to run effective Control Management programs, including but not limited to SHRP
  • Working knowledge of the Risk Management Framework (RMF) concepts and policies across risk types (regulatory, financial crimes, credit, operational, etc.)
  • Experience managing and implementing risk management or control programs in a matrixed environment
  • Excellent communication skills (verbal, written and interpersonal); ability to concisely articulate complex concepts in a clear manner
  • Strong analytical skills with high attention to detail and accuracy
  • Experience interpreting and applying state, federal, and agency legal and regulatory compliance requirements
  • Proactively resolve conflict and maintain objectivity
  • Provides consultation, expertise and strategic direction in the control design to effectively mitigate risks.
  • Ensures the effective implementation and ongoing maintenance of the business control environment through execution of the Risk and Control Self-Assessment (RCSA) program.
  • Gathers and analyzes data to understand and diagnose issues; designs appropriate reporting and metrics to inform and monitor the health of the operational risk and control environment.
  • Leads and influences the design and implementation of business controls programs and complex initiatives generally spanning multiple business lines.
  • Consults with business groups to assess the issues and assist with the development of  corrective action plans.
  • Builds and maintains partnerships with the business, Corporate Risk, Audit, Legal, and regulators.


Job Expectations:

  • Ability to travel up to 10% of the time

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.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

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