CIB Credit Sales and Trading Control Officer

Wells Fargo•Charlotte, NC

6d•Hybrid

About The Position

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.

Requirements

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

Nice To Haves

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

Responsibilities

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.