Lead Control Management Officer - London, United Kingdom - WELLS FARGO BANK

WELLS FARGO BANK

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

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Description

About this role:

Wells Fargo is seeking a Lead Control Management Officer...

In this role, you will:

Identify and document risks, controls and selfassurance activities associated with the lines of business and business processes and policy requirements
Partner with the respective Support Function Controls teams (Finance, Ops, HR, Legal, etc.) and the three lines of defence to understand and assess the fronttoback risk & control environment as it impacts the business line.
Continually assess nonfinancial operational risk threats and opportunity for control improvement in the lines of business through review and monitoring of critical front to back metrics, outputs of independent testing results and reports, Incidents and Events, and Risk & Control Self-Assessment and Control Evaluation) alongside changes in the business landscape and operating environment to ensure a holistic assessment of the risk profile.
Proactively support the LOBs in the timely review and investigation of incidents and investigations, including rootcause and deep dive assessments. This includes review of external events and readacross incidents for further insight and opportunity for lessons learned
Lead and organise annual RCSA refresh reviews across the LOBs, supporting functions and three lines of defence, supporting the evaluation of Inherent Risk, Control Environment and Residual Risk, and opportunity for control improvement
Actively encourage and engage LOBs in the discipline to selfdeclare and raise for transparency operational issues and control weaknesses that could material harm the business to ensure effective oversight and resource allocation to manage risk back within appetite
Facilitate and support the evaluation of potential front to back risks in new business initiatives, including assessment for the need of conditions and operating limits on product launch and ongoing monitoring to ensure operational sustainability
Directly manage and support the development and implementation of the LOB remediation book of work including the design of businessspecific risk controls to address any control weaknesses or gaps, delivered through a structured plan including coordination and engagement with support functions and the lines of defence, to ensure robust and sustainable solutions and compliance with relevant policy and standards
Attends and represents Business Control team in relevant LOB meetings and forums including the provision of risk and control reporting as appropriate for transparency, oversight and decisioning
Drive collaboration with the EMEA central Control Programs management to lead and promote a strong risk culture to ensure effective communication and supportive partnerships
Ensure assigned strategic plans includes LoBs material risk and associated activities consistent with the enterprise risk framework and risk appetite statements
Support related Legal entity Risk & Control Self-Assessment and Control Evaluation activities consistent with the Group Control Executive's 5 pillars, Risk Management Framework, regulatory commitments and associated policies established by Independent Risk Management (IRM)
Ensure LoBs and, where necessary, planned support function activities in region are consistent with the Enterprise Risk Framework, policies, and programs and risk appetite framework, and to ensure they are wellcalibrated and integrated within the Line of Business.
Engage with ICARA operational risk assessment to satisfy Enterprise and Regulatory requirements
Collaborate with the Business, Business process "Subject Matter Experts" (SMEs), and business contacts across the second and third lines of defence and BCE's from other regions to deliver the designated LOBs control program requirements.

Required Qualifications:

Direct experience and working knowledge of Lending businesses, operating model and regulatory environment
Strong experience and knowledge in nonfinancial risk (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) in financial services industry experience
Proven experience implementing and maintaining effective risk management programs, especially risk controls, within a large complex financial services company
Knowledge of global banking regulatory/supervisory frameworks
Ability to manage and/or collaborate with geographically dispersed teams, matrixed relationships and interact with all levels of an organization
Must be a proactive selfstarter who values personal accountability and thrives under pressure in a fastpaced and demanding environment
Ability to work with a high degree of autonomy
Strong relationship management skills and organizational savvy Experience communicating in both written and verbal formats with executivelevel leaders
Ability to analyze data and make connections across various data sets to make recommendations to m