Senior Control Management Specialist
Wells Fargo
Hyderabad, Telangana, India
For more than 160 years, Wells Fargo has been in the risk management business. It’s central to what we do, and it’s never been more important. If you have a passion and desire to understand and help mitigate risk, you will be interested in reading further. Who We Are: We evaluate whether Issues have been thoroughly mitigated, and confirm that evidence of that mitigation meets a high standard. Our approach is based on industry standards for Issue verification. We evaluated Root Cause Mitigation, Design Effectiveness, Outcomes, Sustainability, and Evidence Adequacy in alignment with Wells Fargo policies and standards. We are looking for employees to perform evidence-based control evaluations. This process will conduct control testing and Issue verification for all Critical/High severity and Regulatory issues in advance of Issue Closure Tollgates. We are looking for a Front Line Issue Verification Execution Team Member to join our team and bring prior control and operating effectiveness assessment experience to the Front Line. The right candidate will be responsible for evaluating Issues, including conducting root cause analysis, assessing the effective of solution design, testing the outcomes of that design, and finally ensuring the closure evidence meets standards - while connecting and building relationships with key partners. Functional Responsibilities will include: -Conduct verification testing of Issues at key points in the Issue Management lifecycle to identify observations on the success of mitigation efforts, and ultimately provide Issues rating. Conduct activities in coordination with LOB stakeholders, and in alignment with Issue Management frameworks and policies. -Manage the intake of documentation requests and subsequent requests for additional documentation -Execute pre-verification and planning activities (i.e., execute pre-verification checklist, develop verification plan) -Perform verification activities leveraging issue verification framework and related policy and procedures -Drive quality and consistency across the issue verification program -Draft conclusions and/or findings based on the verification activities performed -Maintain verification documentation (e.g., test plan, verification checklist, verification summary memo, etc.) -Interfaces internally with the team. -Dynamic Individual contributor role which requires the ability to manage multiple simultaneous workstreams at once. These critical roles will dispersed into the various lines of business at the time of hire (WIM, Commercial, CIB, etc.). During the recruiting process you may be considered for a role based on your expertise in a particular Control LOB. Additionally, each business has a specific location strategy, therefore your candidacy may be determined based on your current location. Remote work locations are not available for these roles so if you are not in a location listed on the posting, you must commit to relocation within an agreed upon timeframe. Required Qualifications, US: 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 Required Qualifications, International: - Overall minimum 10 years of experience with 5+ years of experience in controls management /internal audit (third line of defense)/ or 5+ years of financial services industry experience, of which 3+ years must include direct experience in control testing and/or internal audit (third line of defense). Desired Qualifications: • Track record of working in a team-based environment to solve business challenges • Ability to drive quality and consistency across the issue verification program • Experience in the development of testing plans and procedures. • Experience in documentation of test results in a clear and precise manner which enables independent third party review of test procedures employed. • Ability to multitask efficiently while paying close attention to detail • Listens without interrupting, asks clarifying questions as needed, forms judgements with consideration. • Experience evaluating the adequacy and effectiveness of policies, procedures, processes, systems and internal controls; additional experience analyzing business and/or systems changes to determine impact. • Familiar with various quality assurance techniques. • Audit and/or internal control evaluation experience • Risk Management Certification Programs • Ability to influence and consult internally. • Strong risk and control fundamentals. • Written and oral communication skills • General awareness of operational risk management in the financial services industry. • Experience in assessing risk, reviewing risk ratings, and identifying control deficiencies.. • Ability to synthesize data from a variety of sources and deliver results quickly. • Capable to deliver high quality output
