Cib Control - Macro/Forex Senior Control Officer

About this role:
Wells Fargo is seeking a Senior Lead Control Management Officer.
This position is within 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 Macro businesses. The position requires a detailed understanding of Capital Markets products and services, as well as good knowledge and understanding of Foreign Exchange, other Fixed Income products and Electronic Trading across Capital Markets.
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.
Specific CIB responsibilities include:

• Primary risk management contact for the CIB Macro groups with proven knowledge of products, services, processes, systems and customers.
• 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 issues across all risk types, including financial risks.
• 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 for Control Assurance, including identifying where controls reside, managing control changes, evaluating effectiveness and functioning as liaison to control assurance team in Governance & Programs.
• 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 LOB activities in EMEA, Canada, Asia, ANZ, and Latin America.
• Execute and manage the advancement of core risk program requirements such as RCSA, loss capture as well as related enterprise risk programs (BCP, Information Security, Sales Practices, Conduct Risk, etc.)
• Partner with Macro and Middle Office managers and control functions to complete risk program requirements.
• Establishing 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.
• Establish and update regular risk reports for communication of risk ratings, issues and key topics.
• Work with the business and support teams to provide operational risk expertise and consulting for projects and platform initiatives.
• Work within the CIB Business Control Management team to ensure requirements of the corporate risk management programs (CRMPs) are appropriately communicated to and met by the line of business.
• Conduct risk assessments to evaluate the adequacy and effectiveness of policies, procedures, processes, systems, technology and internal controls.
• Analyze business, industry, system changes or other material business environment changes to determine impact, identify and assess operational risk issues.
• 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:

• 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:

• 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.)
• 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.
• Highly professional, adaptable and pro-active mindset.
• Demonstrated capability to confidently raise issues, escalate early, and engage in constructive credible challenge independently.
• Advanced Microsoft Office skills.
• Technical understanding of specific business operations, processes, products, and customer interactions where they manifest risk.
• Ability to develop high performing, diverse risk structure in a highly matrixed environment.
• Ability to assess and determine when to raise concerns and escalate.
• Pro-actively resolve conflict and maintain objectivity.
• 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.

Job Expectations:

• Hybrid work schedule. Must be able to work from the approved job posting location, three (3) days in office & two (2) days remote.
• Ability to travel up to 10%.
• This position is not eligible for Visa sponsorship.

Pay Range
$144,400.00 - $300,000.00
Benefits
Wells Fargo provides all eligible full- and part-time employees with a comprehensive set of benefits designed to protect their physical and financial health and to help them make the most of their financial future. Visit Benefits - Wells Fargo Careers for an overview of the following benefit plans and programs offered to employees.

• 401(k) Plan
• Paid Time Off
• Parental Leave
• Critical Caregiving Leave
• Discounts and Savings
• Health Benefits
• Commuter Benefits
• Tuition Reimbursement
• Scholarships for dependent children
• Adoption Reimbursement

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.
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.