Senior Control Management Specialist- Model Risk/Counterparty Credit Expert

7 days ago

Charlotte, North Carolina, United States Wells Fargo Full time
About this Role

Wells Fargo is seeking a highly skilled Senior Control Management Specialist to join our Corporate & Investment Banking (CIB) Control Team. This team is responsible for implementing and managing the First Line of Defense risk program requirements. As a Senior Control Management Specialist, you will support Model Development/Counterparty Credit, which spans Markets covering Equities, FX, and Fixed Income businesses.

Key Responsibilities
  • Coordinate with key stakeholder groups to support business and platform growth, governance, and control requirements.
  • Partner with COO, Compliance, Legal, and Risk partners to understand regulatory standards of conduct, identify and remediate issues, and implement required compliance and regulatory initiatives.
  • Support the firm-wide foundational RCSA process for Model Development & Counterparty Credit Risk.
  • 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.
  • 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 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.
Requirements
  • 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
  • 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 proactively 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.

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