E-Trading Lead Control Officer

Why Wells Fargo:This is where your true career begins. We ranked #2 on the 2023 LinkedIn Top Companies list - and #1 among financial services companies - as the best workplace "to grow your career" in the U.S. At Wells Fargo, we support employees' career aspirations and growth. We're proud of our employee-welfare-centered business approach and our commitment to diversity, equity, and inclusion in the workplace.We offer competitive salaries and one of the richest benefits packages in the industry. Our Total Rewards program focuses on wellness, work-life balance and the financial health of our employees. Our customers invest with us, we invest in you. Apply today.About this role:Wells Fargo is seeking a Lead Control Management Officer within the Corporate & Investment Banking (CIB) Control Team, which is responsible for the implementation and management of the First Line of Defense corporate risk program requirements. This position will support Electronic Trading (E-Trading) across Capital Markets. The E-Trading Business Control Officer will be an individual contributor responsible for the line of business risk, control and governance programs. This position requires a detailed understanding of E-Trading, in addition to the principles of operational risk management as prescribed by the Basel Committee.Employees 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 responsible for execution of 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 requirementsLearn more about the career areas and lines of business at wellsfargojobs.comIn this role, you will:

Serve as the primary control management contact for CIB E-Trading, with proven knowledge of products, services, processes, systems, and customers

Continuously engage in discussions and work in close partnership 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 issues across all risk types, including financial risks

Execute and manage the advancement of core risk program requirements such as RCSA, Self-Assurance, Issues Management, loss capture as well as related enterprise risk programs (BCP, Information Security, Sales Practices, Conduct Risk, etc.)

Collaborate with, guide, and counsel LOB partners on ongoing initiatives in across the E-Trading Governance Framework, including the assessment of operational risk exposure from existing capabilities and strategies and the consistent implementation and adherence to internal policies across Markets

Establish the inventory of all relevant business processes, governance channels, internal testing, audit, regulatory engagements and prioritize internal preparation, review routines and the integration with RCSA as applicable

Establish regular routines with corporate risk, testing & validation, and audit partners to provide transparency into business risk profile and trends as well as ongoing governance initiatives

Establish a formal communication channel to inform coverage areas of risk program updates, risk profiles, policy updates and other key risk program information to impacted coverage areas

Manage in partnership with LOB E-trading leads, an E-trading focused Risk-Governance forum, RCSA Affirmation process and related feeder/governance meetings

Work with the business and support teams to provide risk and control expertise and consulting for projects and platform initiatives

Conduct risk assessments to evaluate the adequacy and effectiveness of policies, procedures, processes, systems, technology and internal controls

Analyze business, industry, system changes or other material business environment changes to determine impact, identify and assess potential operational risk issues

Collaborate with, guide and counsel Control and LOB partners on control design and implementation to mitigate risks specific to electronic trading

Collaborate with, guide, and counsel LOB process and control owners for Control Assurance, including identifying where controls reside, managing control changes, evaluating effectiveness and functioning as liaison to control assurance team in Governance & Programs

Collaborate with business control managers across the control team to ensure that E-Trading processes, risks and controls are identified and reviewed regularly for accuracy

Ensure a proper LOB profile of applicable regulations and associated controls as well as residual risks and compensating controls are maintained and continuously updated in appropriate systems of record on an ongoing basis

Provide reporting, written and verbal updates, to LOB risk oversight councils, CIB/Wholesale and Enterprise risk committees as issues/incidents arise that require escalation

Report risk assessment findings through corporate risk reporting channels and develop business cases to influence control owners and business sponsors on the need for additional or improved controls to mitigate risk as applicable

Required Qualifications:

5+ 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

Desired Qualifications:

Strong working knowledge of Electronic Trading platforms, Capital Markets businesses and the relevant risks and controls associated with these types of businesses

Working knowledge of the Risk Management Framework (RMF) concepts and policies across risk types (regulatory, financial crimes, credit, operational, etc.)

Excellent communication skills (verbal, written and interpersonal); ability to concisely articulate complex concepts in a clear manner

Strong analytical skills with high attention to detail and accuracy

Highly professional, adaptable and pro-active mindset

Demonstrated capability to confidently raise issues, escalate early, and engage in constructive credible challenge independently

Advanced Microsoft Office skills

Technical understanding of specific business operations, processes, products, and customer interactions where they manifest risk

Ability to develop high performing, diverse risk structure in a highly matrixed environment

Ability to assess and determine when to raise concerns and escalate

Pro-actively resolve conflict and maintain objectivity

Ability to conceptualize, develop, and deliver quality analysis and highly actionable management information

Demonstrated capacity to pro-actively and independently analyze and solve problems and address risks

Job Expectations:This position is not eligible for Visa sponsorshipThis position offers a hybrid work scheduleThis position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.Posting Location:500 W 33rd St New York, NY550 S Tryon Charlotte, NCThe Control Functions adhere to a 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.Pay RangeReflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.$111,100.00 - $237,100.00BenefitsWells Fargo provides all eligible full- and part-time employees with a comprehensive set of benefits designed to protect their physical and financial health and to help them make the most of their financial future. Visit Benefits - Wells Fargo Careers for an overview of the following benefit plans and programs offered to employees.

401(k) Plan

Paid Time Off

Parental Leave

Critical Caregiving Leave

Discounts and Savings

Health Benefits

Commuter Benefits

Tuition Reimbursement

Scholarships for dependent children

Adoption Reimbursement

Posting End Date:30 Jul 2024 Job posting may come down early due to volume of applicants.We Value DiversityAt Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.Employees 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.Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.Applicants with DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .Drug and Alcohol PolicyWells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.Wells Fargo Recruitment and Hiring Requirements:a. Third-Party recordings are prohibited unless authorized by Wells Fargo.b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.Company: WELLS FARGO BANKReq Number: R-381474-2Updated: Thu Jul 18 01:08:59 UTC 2024Location: NEW YORK,New York