New job Control Associate in Karnataka

Control Associate
Control Associate

Control Associate

Company : WELLS FARGO BANK
Salary : Details not provided
Location : Karnataka

Full Description

About Wells Fargo


Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 20 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Market Job Description


Use of this job is restricted to Control Executive groups with Front Line Risk Management. The Business Risk and Control team is responsible for partnering with the relevant business group to identify, assess, manage and mitigate current and emerging risk exposures associated with their activities and operations. Monitors, measures, evaluates, and reports on the impact of decisions and controls to the relevant business group and enterprise function. Provides guidance to business groups on the development, implementation, and monitoring of business-specific programs to identify, assess, and mitigate risk. Provides support in the interpretation of policy, guidelines, and governance programs as front line liaison to Independent Risk Management area for low to moderate risk and complexity enterprise risk programs. Supports business in designing and implementing risk mitigation strategies, business processes and controls that mitigate risks and address regulatory requirements. Develops and implements risk monitoring and risk reporting processes and controls. Monitors and reports on its risk concentration, current and emerging risk, and risk appetite. Aggregates, evaluates, reports results and escalates where necessary. Designs and executes control effectiveness assurance programs for Front Line-owned controls. Supports and implements initiatives with low to moderate risk. Internal interaction with team to support identification, management and mitigation of business-specific risk programs. Limited to no external interaction. Works independently; does not manage other team members.

Department Overview


This position is part of the Corporate Risk (CR) Control Organization and will play a significant role in supporting RCSA Program for CR Control Organization. This function have processes that impact Wells Fargo's business groups. The CR Control Executive Team provides Frontline Risk support for all Corporate Risk groups' business teams.

About the role
This is an Individual Contributor role supporting Corporate Risk Controls group. The individual will be responsible for supporting the RCSA program (End-End Execution of RAU's) requirements from I&P.

Responsibilities


The primary role of the Control Associate will be to support the RCSA Program for Corporate Risk Organization. Candidate should possess background in RCSA program or Operational Risk Management and the ability to support the work conducted across a large, complex and highly matrixed organization will be critical. As the Controls organization, we are responsible for the identification and assessment of a strong control environment that leads to early identification and sustainable mitigation of operational risk.
  • Support the implementation of sustainable RCSA for Corporate Risk—the foundational element of the enterprise risk management framework—based on our end-to-end understanding of the business process, inherent risks, and the controls to mitigate them.
  • Support the execution team during end-end RCSA scope of work (From Data support – RCSA workshop (Execution) – SHRP entry) and related requirements/activities
  • Thorough functional understanding of RCSA and related programs as a subject matter expert
  • Demonstrate collaborative efforts and strong partnership with stakeholders and internal teams
  • Drive continuous improvement & transformation initiatives to enable new opportunities for process efficiencies
  • Support CR execution team in data gathering and upload of various data/results in system of record (SHRP)
  • Populate templates that are used for RCSA/Other risk programs execution
  • Document approvals and final template versions in SOR
  • Accountable to ensure final template are uploaded to respective SP sites
  • Prepare procedure documents for their scope of work and update them as an on-going activity.



Market Skills and Certifications


Essential Qualification


  • University degree in Business or related discipline.
  • Experience of minimum 2+ years in RCSA program execution or Operational Risk domain.
  • Knowledge of the Operational Risk Framework and disciplines primarily in the Banking industry and its related operations
  • Good interpersonal skills with the ability to convey complex information in a clear, concise manner. Ability to produce high-quality reports and documentation
  • Good time management skills and the demonstrated ability to manage multiple tasks and meet deadlines with minimal supervision
  • Experience with developing and creating documentation for support and training activities
  • Strong comprehension/ability to learn technology tools, communication & analytical skills
  • Excellent verbal, written, and interpersonal communication skills.
  • Ability to work with and communicate with all levels of the organization
  • Proficiency with MS office (MS Word, Excel, PowerPoint) and MS-Visio.
  • Self-starter and able to work independently
  • Stakeholder management skills


Desired Qualification


  • Minimum of 4.5+ years of overall experience with a minimum of 2+ years in the RCSA program execution, Operational Risk Management, Risk Assessment etc.,
  • Experience in Banking or Multinational Financial Institution.
  • Experience of working across one or more geographic territories or regions
  • Professional Risk Certifications if any.



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. 66840

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