In this role, you will:
- Develop and maintains partnerships with the business process owner by consulting and providing expertise in the control design to effectively mitigate risks, including design of effective means of measurement.
- Contribute to the development and enhancement of the business control environment through execution of the Risk and Control Self-Assessment (RCSA) program .
- Engage in the development and implementation of new controls, action plans, and root cause analysis
- Support the evaluation and design of appropriate metrics to inform and monitor the health of the operational risk environment.
- Identify areas of improvement in existing processes. Identify gaps and recommend improvements.
- Partner and continue to build relationships with the Home Lending Business, Business Excellence and 2nd and 3rd lines of defense to foster clear and proactive communication
Required Qualifications:
- 4+ 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:
Job Expectations:
- Perform reviews on transitions per Transition Framework, Controlsopinion/acknowledgement,Second-line engagements etc.
- Support functionally to meet the BCM goals and control coverage requirements. The job involves interacting with the business managers, onshore/offshore partners to understand and analyze the processes, identify risks and controls in the processes, evaluate the controls, End to End Issue Management support Business and publish various reports to stakeholders.
- Should have sound understanding of risk management principles and will be responsible for ensuring appropriate control coverage is provided for the assigned business group, be a strong partner for business group to identify risk, control gaps and help to remediate any issues.
- Timely update, report and escalate of issues. Closely work with GDAs to identify, assess and mitigate deficient controls / control gaps or risks identified in the processes
- Partner with BG/EF to facilitate issues partners throughout the issue lifecycle including Root cause identification, Corrective action development and RCSA alignment.
- Experience in evaluating the adequacy and effectiveness of policies, procedures, processes, systems and internal controls; additional experience analyzing business and/or systems changes to determine impact.
- Assist for control forums and provide necessary reporting for the assigned business group which includes report & escalate issues, key risks, control gaps, corrective actions, OREs and align them to the respective onshore Risk and Control Committees.
- Subject matter expert with respect to aligned lines of businesses.
- Has an understanding of the Change Management review to include reviewing and approving procedures of change intact, understanding of Cross functional impacts and solutions, procedure revisions and approvals.
- Individual shall be working in US Shift hours.
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Wells Fargo Recruitment and Hiring Requirements:
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.