Job Description

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.
Education: Any Graduate
Industry: Financial Services/Stockbroking, Banking

Skills Required