Corporate and Investment Banking Market Risk - RCSA

at  Wells Fargo

PAY RANGE

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$96,600.00 - $206,100.00

APPLICANTS WITH DISABILITIES

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

WELLS FARGO RECRUITMENT AND HIRING REQUIREMENTS:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process

Required Qualifications:

• 5+ years of Business Execution, Implementation, or Strategic Planning experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, educatio

Desired Qualifications:

• Front line direct experience with developing and/or executing risk and control assessment programs.
• Experience in Markets RCSA
• Extensive knowledge of RCSA, process, purpose, scope, roles and responsibilities, accountabilities and deliverables
• Strong knowledge of products, services, applicable regulations and policies, business processes, systems and customers across Markets Division products.
• Experience in large and complex banking or broker/dealer institutions, risk management leadership experience in multi-jurisdictional global financial institution
• Proven experience with Enterprise Risk Identification process; proven track record building and implementing risk programs
• Prior experience in risk process improvement, standardization and automation of business and control processes, quality assurance and control routines, and risk and control metrics and reporting.
• Knowledge and experience in risk management practices and applicable systems used at Wells Fargo
• Knowledge of the Risk Management Framework (RMF) concepts and policies across risk types (regulatory, financial crimes, credit, operational, etc.)
• Ability to synthesize data and observations from a variety of sources, deliver succinct summaries (both verbal and written), and enact response quickly
• Personal ability to understand and operate successfully in a complex, heavily matrixed corporate environmen

Wells Fargo is seeking a Lead Business Execution Consultant. This position is within the CIB Markets Chief Operating Office (COO) organization and will be responsible for providing risk management leadership and expertise to businesses across the Markets Division. The position will be responsible for leading risk identification, assessment, escalation, and mitigation strategies, and will perform programmatic day to day risk and control activities in support of and in partnership with front line business teams. The leader should demonstrate “brilliance in the basics” in the execution of the Control function to meet regulatory commitments on time and with sustainable quality, while measurably improving the Wells Fargo control environment.

In this role, you will:

• Guide business leaders through detailed risk and control evaluations, collection of metrics and supporting observations, and maintaining recurring forums to evidence management validation and attestation to RCSA
• 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 and control issues across all risk types through the Business Environment Change (BEC) process
• Support the Key Risk indicators (KRIs) development process for Markets business high inherent risks
• Responsible for issue management by documenting and assessing control weaknesses and operational risk incidents using methods such as root cause analysis
• Consult with business process owners to develop corrective action plans and control redesign. Oversee implementation progress and conduct control evaluation efforts as required
• Coordinate with business and support partners for creation of Self-Disclosed issues in Issues Management system of record. Record losses in the system of record, as applicable
• Establish and update recurring and timely reports on risks, initiatives, and deliverables for communication with business leaders and risk partners
• Conduct advanced planning and coordination with appointed business contacts and internal testing and examination engagement leaders/teams such as Independent Testing and Validation (IT&V), Internal Audit, and Regulatory exams
• Monitor and evaluate emerging risks, operational trends, and external events for potential impact to the control environment in context of RCSA

Required Qualifications:

• 5+ years of Business Execution, Implementation, or Strategic Planning experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Front line direct experience with developing and/or executing risk and control assessment programs.
• Experience in Markets RCSA
• Extensive knowledge of RCSA, process, purpose, scope, roles and responsibilities, accountabilities and deliverables
• Strong knowledge of products, services, applicable regulations and policies, business processes, systems and customers across Markets Division products.
• Experience in large and complex banking or broker/dealer institutions, risk management leadership experience in multi-jurisdictional global financial institution
• Proven experience with Enterprise Risk Identification process; proven track record building and implementing risk programs
• Prior experience in risk process improvement, standardization and automation of business and control processes, quality assurance and control routines, and risk and control metrics and reporting.
• Knowledge and experience in risk management practices and applicable systems used at Wells Fargo
• Knowledge of the Risk Management Framework (RMF) concepts and policies across risk types (regulatory, financial crimes, credit, operational, etc.)
• Ability to synthesize data and observations from a variety of sources, deliver succinct summaries (both verbal and written), and enact response quickly
• Personal ability to understand and operate successfully in a complex, heavily matrixed corporate environment