Job Description

Specific responsibilities include:

• Support reporting, timelines and routines for all RCSA related risk programs impacting Equities coverage areas.
• Support RCSA workshops and related efforts to collect and document business risk and controls.
• Ensure maintenance of the RCSA profile including regulations, risks, controls and other RCSA meta-data.
• Manage RCSA triggers, including the assessment of RCSA.
• Coordinate with business and support partners for creation of Self-Disclosed issues in Issues Management system of record.
• Support of the inventory of business processes, internal testing, audit, regulatory engagements outputs and the integration with RCSA, as applicable.
• Support time-lines and preparations for Evidence Based Control Evaluation and QA engagements over the RCSA outputs
• 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
• 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
• Establish and update recurring and timely reports on risks, initiatives, and deliverables for communication with business leaders and risk partners
• 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
• Desired Qualifications
• University degree in Business, Finance, or related discipline
• Strong operational risk domain knowledge/experience
• Strong understanding of Process, Risk and Control and experience with RCSA
• Extensive front line direct experience with developing and/or executing risk and control assessment programs.
• Demonstrated capability to confidently raise issues, escalate early, and engage in constructive credible challenge independently.
• Extensive knowledge of Target State RCSA, process, purpose, scope, the RAU Owners roles and responsibilities roles, accountabilities and deliverables
• Strong knowledge of products, services, applicable regulations and policies, business processes, systems and customers in Equities
• 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
• 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.
• Substantial knowledge and experience in risk management practices and applicable systems and applications used 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
• Capable of diagnosing business needs, conceptualizing and initiating planning, organizing the enlistment of response teams, and the implementation and management of change
• Personal ability to understand and operate successfully in a complex, heavily matrixed corporate environment

Specific responsibilities include:

• Support reporting, timelines and routines for all RCSA related risk programs impacting Equities coverage areas.
• Support RCSA workshops and related efforts to collect and document business risk and controls.
• Ensure maintenance of the RCSA profile including regulations, risks, controls and other RCSA meta-data.
• Manage RCSA triggers, including the assessment of RCSA.
• Coordinate with business and support partners for creation of Self-Disclosed issues in Issues Management system of record.
• Support of the inventory of business processes, internal testing, audit, regulatory engagements outputs and the integration with RCSA, as applicable.
• Support time-lines and preparations for Evidence Based Control Evaluation and QA engagements over the RCSA outputs
• 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
• 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
• Establish and update recurring and timely reports on risks, initiatives, and deliverables for communication with business leaders and risk partners
• 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
• Desired Qualifications
• University degree in Business, Finance, or related discipline
• Strong operational risk domain knowledge/experience
• Strong understanding of Process, Risk and Control and experience with RCSA
• Extensive front line direct experience with developing and/or executing risk and control assessment programs.
• Demonstrated capability to confidently raise issues, escalate early, and engage in constructive credible challenge independently.
• Extensive knowledge of Target State RCSA, process, purpose, scope, the RAU Owners roles and responsibilities roles, accountabilities and deliverables
• Strong knowledge of products, services, applicable regulations and policies, business processes, systems and customers in Equities
• 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
• 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.
• Substantial knowledge and experience in risk management practices and applicable systems and applications used 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
• Capable of diagnosing business needs, conceptualizing and initiating planning, organizing the enlistment of response teams, and the implementation and management of change
• Personal ability to understand and operate successfully in a complex, heavily matrixed corporate environment

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.