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Bus Risk Control Sr Associate - CDF

Company: Wells Fargo Bank
Location: Hoffman Estates
Posted on: February 14, 2020

Job Description:

Job Description Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as Personal Cell or Cellular in the contact information of your application. At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Wholesale Banking provides financial solutions to businesses across the United States and globally. Our four major business lines include Corporate & Investment Banking, Commercial Banking, Commercial Real Estate, and Wells Fargo Commercial Capital. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses. Wells Fargo Commercial Capital Business Control provides operational risk, regulatory control, financial crimes and business control management services through an optimized model which leverages centralized functions and agile business focused teams to support sound risk management for the Capital Finance, Commercial Distribution Finance, Corporate Trust Services, Equipment Finance, International Trade Services, Strategic Capital and Renewable Energy & Environmental Finance lines of business. The risk management team enables efficient and effective execution of Corporate, Wholesale, and Line of Business programs, policies, and procedures to ensure alignment with the overarching risk management priorities of Wells Fargo while meeting the unique needs of each business. This position aligns to Commercial Distribution Finance (CDF) Business Control Manager and will provide operational risk support to CDF. CDF provides inventory financing solutions, service and intelligence through in-depth industry expertise and a commitment to customers. The Business Control Team Member will work with the designated lines of business (LOBs) to implement and execute the required risk controls in an effective, sustainable manner and help identify, escalate and pro-actively manage risks in the LOBs. Additional Responsibilities Include: Ensure applicable Policies and Procedures are updated and communicated across CDF and coordinate the impact of those policies and procedures with the business and other stakeholders Knowledge and management of corrective action related to Corporate Policy Risk, including root cause analysis and development of sustainable solutions Continually assess and drive CDF risk mitigation by aligning the CDF control environment to regulatory requirements through proactive identification and escalation of control gaps and proposed recommendations 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 control issues across all risk types. Work closely with the LOB BPM team and the Ops Risk teams to self-identify gaps and corrective actions if needed Knowledge and management of corrective action related to Corporate Policy Risk, including root cause analysis and development of sustainable solutions Collaborate with, guide and counsel LOB partners on control design and implementation to mitigate risks. Provides Risk Management expertise and consulting for projects and initiatives with high risk to identify and mitigate operational risk and regulatory control risk in all business activities. Support the business with engagement, responses, communications and meetings with internal and external examiners 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. Required Qualifications 5+ years of experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) or 5+ years of financial services industry experience, of which 3+ years must include direct experience in risk management Other Desired Qualifications Background in Operational Risk Program or Enterprise Risk Programs Understanding or experience writing controls Understanding of wholesale line of business Understanding or experience with floor planning or dealership finance Knowledge across enterprise risk management framework, including: risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance. Understanding of best-practice risk management techniques applicable for LOBs similar to those found in the designated LOB. Knowledge of corporate policies and understanding of how they are implemented, managed and enforced in LOBs similar to those found in the designated LOB. Experience identifying and driving process improvements in financial services organizations Understanding of CDF Operational Risk and Compliance components, including experience driving consistency and quality across all aspects of a risk function. Ability to understand and work with data, including creating alignment among various data sources, developing trends, and creating risk-based analytics from multiple information sources. Experience in conducting risk assessments, and assessing the adequacy of policies, procedures, processes and l controls. Knowledge of CDF MRs and associated controls Salary Information The salary range displayed below is based on a Full-time 40 hour a week schedule. NC-Charlotte: Min: $80,500 Mid: $115,000 IL-Chicago: Min: $88,600 Mid: $126,500 IL-Hoffman Estates: Min: $88,600 Mid: $126,500 Street Address NC-Charlotte: 301 S Tryon St - Charlotte, NC IL-Chicago: 10 S Wacker Drive - Chicago, IL IL-Hoffman Estates: 5595 Trillum Blvd - Hoffman Estates, IL Disclaimer All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act. Relevant military experience is considered for veterans and transitioning service men and women. Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Keywords: Wells Fargo Bank, Hoffman Estates , Bus Risk Control Sr Associate - CDF, Accounting, Auditing , Hoffman Estates, Illinois

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