The Business Control organization serves as the front line risk management organization of Wells Fargo supporting the Corporate & Investment Banking, other businesses and enterprise functions with risk strategy, implementation, and execution.
Our five core responsibilities are as follows :
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.
About the Role
The Business Risk & Controls Senior Associate will report to the Business Risk & Controls Leader for COO and Operations.
This includes key risk management focus areas such as end to end processes and evaluation of controls performed in the COO organization and Operations teams for front line processes, design and evaluation of key risk and control measures for operational processes including regulatory reporting and client onboarding, design and reporting related to quality assurance and quality control activities, and oversight of control testing activities and outcomes.
Opportunities for process improvement and control enhancement will be a critical focus area, partnering with the front office, COO, Corporate & Investment Banking and Enterprise technology teams, in order to enhance first line control effectiveness and efficiency end to end.
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 and if 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.
Market Skills and Certifications