Senior Control Management Specialist- Model Risk/Counterparty Credit

Why Wells Fargo:This is where your true career begins. We ranked #3 on the 2022 LinkedIn Top Companies list – and #1 among financial services companies – as the best workplace “to grow your career” in the U.S. At Wells Fargo, we support employees’ career aspirations and growth. We’re proud of our employee-welfare-centered business approach and our commitment to diversity, equity, and inclusion in the workplace. We offer competitive salaries and one of the richest benefits packages in the industry. Our Total Rewards program focuses on wellness, work-life balance and the financial health of our employees. Our customers invest with us, we invest in you. Apply today.At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.Learn more about the career areas and lines of business at wellsfargojobs.comAbout this role:Wells Fargo is seeking Senior Specialist I Management Specialist n the Corporate & Investment Banking (CIB) Control Team, which is responsible for the implementation and management of the First Line of Defense risk program requirements. Within CIB Control, this position resides in the Business Aligned Control team and will support Model Development/Counterparty Credit which spans Markets covering Equities, FX and Fixed Income businesses. The role will support the global business to design and implement first line controls with respect to a variety of regulatory requirements, Wells Fargo policies and industry best practices.The role will work directly with Sales, Trading, Product, COO and various other support partners across the platform. They will collaborate with leadership to establish business priorities, drive major initiatives, and implement the model risk and control framework including the RCSA.This role requires a collaborative individual capable of initiating action and managing change in a fast-paced environment as well as strong relationship management and execution skills. The role requires a sense of urgency, passion for results, and personal accountability for achievement. They will also have a demonstrated ability to build and maintain strong credible relationships with key stakeholder groups. A strong understanding of Model Risk Management/Counterparty Credit and associated regulatory requirements is crucial for this role along with a reasonable knowledge of complex trading technology, vendor and operational platforms and processes.Specific responsibilities include, but are not limited to:• Coordinate with key stakeholder groups in order to support business and platform growth, governance, and control requirements covering algorithms, trading tools and market connections.• Partner with COO, Compliance, Legal, and Risk partners to understand regulatory standards of conduct, identification and remediation of issues and corrective actions, implementation of required compliance and regulatory initiatives (understanding requirements, implementation, and on-going compliance) and overall support of the risk and control framework.• Support the firm wide foundational RCSA process for Model Development & Counterparty Credit Risk• 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 issues across all risk types, including financial risks.• Be the primary contact on control design and implementation to mitigate risks.• Establish regular routines with corporate risk, testing & validation and audit partners to provide transparency into business risk profile and trend.• Establish a formal communication channel to broadcast risk program updates, risk profiles, policy updates and other key risk program information to the senior leaders of all coverage areas.• Work with the business and support teams to provide operational risk expertise and consulting for projects and platform initiatives.• Conduct risk assessments to evaluate the adequacy and effectiveness of policies, procedures, processes, systems, technology and internal controls.• Analyze business, industry, system changes or other material business environment changes to determine impact, identify and assess operational risk issues.• Provide reporting, written and verbal updates to LOB risk oversight councils, CIB/Wholesale and Enterprise risk committees as issues/incidents arise that require escalation.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, educationDesired Qualifications:• Strong Understanding of Model Risk/Counterparty Credit Risk and regulatory requirements• Knowledge and understanding of Risk and Control Self-Assessment (RCSA)• Strong working knowledge of Capital Markets businesses, its products and services, and relevant risks and controls of the business• Working knowledge of the Risk Management Framework (RMF) concepts and policies across risk types (regulatory, financial crimes, credit, operational, etc.)• Demonstrated capacity to pro-actively and independently analyze and solve problems and address risks with the business unit’s risk appetite and all risk and compliance program requirements.• Ability to influence executive decision-making and successfully negotiate critical issue resolution related to program initiatives.• Excellent communication skills (verbal, written and interpersonal) with the ability to concisely articulate complex concepts in a clear manner.• Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important.Job Expectations:• Position offers a hybrid work schedule in which you are required to work in office 3 days per week at a minimum in the locations listed below• Relocation assistance is not available for this position• Visa sponsorship is not available for this positionLocations:• 144039--550 S Tryon, Charlotte NC 28202The Control Functions adhere to a location strategy, therefore your candidacy may be determined based on your current location. Remote work locations are not available for these roles, so if you are not in a location listed on the posting, you must commit to relocation within an agreed upon timeframe.Posting End Date:19 Sep 2024• Job posting may come down early due to volume of applicants.We Value DiversityAt 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, status as a protected veteran, or any other legally protected characteristic.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.Applicants with DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.Drug and Alcohol PolicyWells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.Wells Fargo Recruitment and Hiring Requirements:a. Third-Party recordings are prohibited unless authorized by Wells Fargo.b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.