Job Description

The APAC Business Control organization serves as the front line risk management organization within the Corporate Investment Banking (CIB) and Wells Fargo Commercial Capital (WFCC) banking groups of Wells Fargo supporting the businesses with risk strategy, implementation, and execution. The APAC Business Control Management team is accountable to assess and effectively manage risks across all risk types and delivering an integrated view of risks, producing a sustainable control environment, and instilling a culture of strong risk management. The team is responsible to identify and assess risks, design and implement controls, and execute and monitor the controls to ensure they are working effectively to manage risks. APAC Business Control interfaces with Independent Risk Management and Audit to drive comprehensive and consistent implementation of regulatory and corporate risk policies and programs.
The Role The Senior Control Management Specialist will report funcitonally to the APAC Control Management Officer within the APAC Business Control team. The APAC Business Control team is responsible for identifying, measuring, assessing, controlling, mitigating, monitoring, and reporting current and emerging risk exposures associated with APAC activities.

This position will be accountable for the front line control responsibilities related to Risk and Control Self-Assessment (RCSA) program. This position will coordinate and support the Risk and Control Self-Assessment Activities within the program in partnership with business lines within the APAC Region. The Business Risk Controls Associate may also work with designated lines of business (LOBs) to implement and execute the required risk and controls and help identify, escalate and proactively manage risks in the LOBs. This position will partner with Independent Risk Management and the Enterprise RCSA Program team to ensure proper alignment with program requirements.

This position will also be assisting in the execution of front line control responsibilities related to the operational risk programs. This team member is expected to understand and follow instruction in the support of activities related to the programs.

Specific Responsibilities:

Performs and Manages Front Line Responsibilities for the Regional RCSA program as follows:
Identifies and documents risks, controls and self-assurance activities associated with APAC business activities.
Coordinate and drive Risk and Control Self-Assessment (RCSA) initiatives to satisfy Enterprise, Regional and Regulatory requirements.
Delivers Line of Business (LoB) Risk and Control Self-Assessments (RCSA), and Legal Entity (LE) Risk and Control Self-Assessments, which includes the aggregation of individual RCSA results.
Remediates RCSA quality assurance and IRM credible challenge findings.
Ensures that control gaps and improvement opportunities identified during the RCSA exercise are routed to the appropriate issues management routines
Collaborates with the Business Subject Matter Experts (SMEs), APAC Compliance, APAC Operational Risk, and the International RCSA team to deliver RCSA program requirements.

Other Responsibilities also include:
Consults and provides guidance on the development, implementation, and monitoring of moderately complex business-specific processes to identify, assess, and mitigate risk. Identifies, assesses and aggregates risks. Escalates risks where necessary if risk limits are triggered.
Serves as liaison between Independent Risk Management (IRM) and Front Line business groups and provides support in the interpretation of policy, guidelines, and governance programs.
Designs and implements risk mitigation strategies and controls that effectively mitigate risks and appropriately address requirements of applicable regulations, and risk governance documents.
Develops and implements risk monitoring and risk reporting processes that align with company-wide risk programs. Monitors and reports on its risk concentration, current and emerging risk, and risk appetite. Aggregates the results of its monitoring efforts (as part of its self-assurance activities reporting routines), evaluates findings, reports on results and escalates where necessary. Designs and executes a control effectiveness assurance program for Front Line-owned controls.

Required Qualifications: 5 years of experience in risk (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, RCSA management) or 5 years financial services industry experience, of which 3 years must include direct experience in risk and control management.
Desired Qualifications: Graduate
Knowledge of Risk and Control Self Assessments (RCSA)
Strong analytical skills with high attention to detail and accuracy
Ability to analyze data and make connections across various data sets to make recommendations to management in a timely manner.
Ability to leverage creative thinking and problem solving skills to facilitate decisions and to ensure project outcomes result in expected business value.
Ability to articulate complex concepts in a clear manner
Must be a proactive self-starter who values personal accountability and thrives under pressure in a demanding environment
Excellent verbal, written, and interpersonal communication skill
Ability to exercise independent judgment to identify and resolve problems
Solid conflict management and decision making skills
Ability to escalate issues
Ability to meet stringent deadlines
Advanced Microsoft Office skills
Data Analytics and advanced Data Visualization skills
Education: Any Graduate
Industry: Financial Services/Stockbroking, Banking

Skills Required