Business Risk & Controls Senior Associate - International Business Process Management & Business Control Assurance
Wells Fargo
Hong Kong, Central and Western District

Job Description

Corporate and Investment Banking

Corporate & Investment Banking (CIB) delivers a comprehensive suite of capital markets, banking, and financial products and services, including : corporate and transactional banking, commercial real estate lending and servicing, investment banking, equity and fixed income solutions including sales, trading and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe.

  • It also has groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office supporting its businesses.
  • Business Control

    The Business Control organization serves as the front line risk management organization of Wells Fargo supporting the CIB and other businesses with risk strategy, implementation, and execution.

    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 risk across CIB.

    Business Control interfaces with Independent Risk Management and Audit to drive comprehensive and consistent implementation of regulatory and corporate risk policies and programs across the lines of business.


    The Business Risk and Controls Senior Associate will report to the APAC Regional Business Control team within the International Control organization.

    The Business Risk and 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 the BPM and Business Control Assurance programs.

    This position will execute the Risk and Control Activities within the programs in cooperation with business lines within the APAC Region.

    The Business Risk and Controls Senior 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 (IRM) and the Integrated Business Process Risk and Control team to ensure proper alignment with program requirements.

    Responsibilities :

    Performs and manages Front Line Responsibilities for the Regional BPM and Business Control Assurance programs as follows :

    Identifies and documents risks, controls and self-assurance activities associated with local business processes.

    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 boundaries or limits are triggered.

    Responsible for performing risk assurance plans, and ensure timely and high quality delivery of front office assurance work across business.

    Executes Risk and Control Self-Assessments (RCSA) to satisfy Enterprise and Regulatory requirements.

    Delivers Legal Entity (LE) RCSA, which includes the aggregation of individual RCSA results.

    Remediates RCSA quality assurance and IRM credible challenge findings.

    Collaborates with Business Process Subject Matter Experts (SMEs), International Compliance, International Operational Risk, and the Integrated Business Process Risk and Control teams to deliver RCSA program requirements.

    Market Skills and Certifications


    5+ years of experience in risk (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) or 5+ years financial services industry experience, of which 3+ years must include direct experience in risk.

    Qualifications :

  • Knowledge of Business Process Management (BPM)
  • Experience with Business Control Assurance, either from 1LOD / 2LOD testing or internal audit.
  • Experience with Risk and Control Self Assessments (RCSA)
  • Proven experience designing, developing, 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 self-starter who values personal accountability and thrives under pressure in a fast-paced and demanding environment.

    Ability to analyze data and make connections across various data sets to make recommendations to management and project teams 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 exercise independent judgment to identify and resolve problems

    Ability to articulate complex concepts in a clear manner

    Ability to escalate issues

    Ability to meet stringent deadlines

    Advanced Microsoft Office skills

    Excellent verbal, written, and interpersonal communication skill

    Solid conflict management and decision making skills

    Strong analytical skills with high attention to detail and accuracy

    We Value Diversity

    At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law.

    We comply with all applicable laws in every jurisdiction in which we operate.

    Team members 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.


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