CIB Credit Sales and Trading Control Officer

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About this role:

This position is within the CIB Markets Control organization and will be responsible for providing risk management leadership and expertise to the Credit Sales & Trading team.  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.  

This role will be expected to take on leadership accountabilities in support of the risk transformation initiatives and will operate as the primary point of contact with key partners including Control, Independent Risk, and Business Leadership. Other responsibilities include, but are not limited to, providing risk management leadership and expertise on applicable bank policies and related risk and control process requirements.

Specific responsibilities include: 

• Serve as the primary day-to-day lead coverage officer for Credit Sales & Trading

• Serve as Control team lead for risk governance and as the escalation point for all control issues for aligned business leaders and team.

• Act as the key point of contact in CIB Control for selected senior leaders in Credit Sales & Trading, Independent Risk Management, Internal Audit, regulators, and other constituents related risk and control requirements, performance, and enhancement efforts.

• 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

• Guide the Credit Sales & Trading 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.

• 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

• Management Reporting: Establish and update recurring and timely reports on risks, initiatives, and deliverables for communication with business leaders and risk partners

• Exams / Reviews:  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.

• Control development, projects & platform initiatives:  Develop business cases to influence process owners, control owners, business sponsors, and key risk partners on the need for additional or improved controls to mitigate risk; Work with the business and support teams to provide operational risk expertise and consulting for projects and platform initiatives, taking into account impacts to risk & control framework

• Monitor and evaluate emerging risks, operational trends, and external events for potential impact to the control environment in context of RCSA

• Ensure appropriate connectivity, linkage, and integration with in-region international risk management teams accountable for LOB activities.

Required Qualifications:

• 5+ years of Risk Management or Control Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Extensive front line direct experience with developing and/or executing risk and control assessment programs

• 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

• Direct experience in operational risk reporting and escalation programs

• Extensive knowledge of Target State RCSA, process, purpose, scope, the RAU Owners roles and responsibilities roles, accountabilities and deliverables

• 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.  

• Strong knowledge of products, services, applicable regulations and policies, business processes, systems and customers in the Credit Sales & Trading space

• Substantial knowledge and experience in risk management practices and applicable systems and applications used at Wells Fargo

• Knowledge of the Risk Management Framework (RMF) concepts and policies across risk types (regulatory, financial crimes, credit, operational, etc.)

• Strong work ethic, including being enthusiastic and deliverables- and performance-oriented, with a demonstrated bias toward proactive communication and responsiveness to in-flight demands

• Ability to synthesize data and observations from a variety of sources, deliver succinct summaries (both verbal and written), and enact response quickly 

Job Expectations:

• This position offers a hybrid work schedule at one of the posted locations

• Relocation assistance is not available for this position

• Visa sponsorship is not available for this position

Posting Locations:

• 550 S Tryon St. - Charlotte, NC 28202

Posting End Date: 

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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 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.

Applicants with Disabilities

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

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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.