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Senior Lead Control Management Officer- Commercial Real Estate (CRE)

Company: Wells Fargo
Location: Minneapolis
Posted on: August 7, 2022

Job Description:

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. About this role: Wells Fargo is seeking a Senior Lead Control Management Officer within the CIB Control organization and will be supporting the Commercial Real Estate (CRE) business as Issues and Exam Management Lead.Learn more about the career areas and lines of business at In this role, you will:

  • Provide risk management and business subject matter expertise on lending, banking and investments issues, and responsibility for leading certain risk programs across CRE, such as Issues Management
  • Lead the CRE Control Issues and Exam Management Community of Practice, including leadership in weekly, bi-weekly and monthly forums and reporting for CRE, CIB and the enterprise. Proactively Manage Due Dates on all Issues and CAs throughout the entire Issue Lifecycle . Review and discuss issues amongst the CoP to ascertain if there are concerns with BCM/LOB Teams being able to hit deadline. CoP Members to work with BCM/LOB Teams to confirm New/Modified/Existing Controls are in FRASA Format with strong Design and Effectiveness. Tollgate and Credible Challenge Facilitation - Intake, Closures, Change to Baselines (extensions, scope, etc.). Track Non-CRE Owned Issues where CRE owns Corrective Actions . Provide guidance and input on current updates to Issues Management Policy, Procedures and Best Practices.
  • Function as the key point of contact for senior leaders and key partners in CRE businesses, IRM, Wells Fargo Audit, regulators, and other constituents; ensure that all inquiries are responded to appropriately and in a timely manner. Manage Ad-hoc requests (from outside CRE/CRE Control).
  • 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 and control issues across all risk types
  • Issue / Incident Management and Loss Capture: Assess operational risk incidents using methods such as root cause analysis. Consult with business to develop corrective action plans. Oversee implementation progress and conduct validation efforts as required. Coordinate with business and support partners for creation of Self-Disclosed issues in Issues Management system of record. Record losses in the system of record, as applicable.
  • Management Reporting: Establish and update regular risk reports for communication of risk ratings, issues, and key topics
  • Exams / Reviews: Coordinate with internal testing engagements such as Enterprise T&V, Internal audit, and Regulatory exams to facilitate early identification and preplanning efforts for Issue Validation. Pre-vetting and gap assessment for potential CRE wide applicability.Required Qualifications:
    • 7+ years of Risk Management or Financial Services Industry experience, or equivalent experience demonstrated through one or a combination of the following: work experience, training, military experience, educationDesired Qualifications:
      • 7 years of commercial real estate experience
      • Superior project management skills including the ability to manage multiple projects concurrently
      • Knowledge and understanding of project management and implementation in a matrix managed environment
      • Advanced knowledge of issue management policy
      • Knowledge and understanding of Shared Risk Platform (SHRP) such as reporting and issue management
      • Knowledge and understanding of metrics-based analysis: reporting and trend analysis
      • Experience interpreting and applying state, federal, and agency legal and regulatory compliance requirements
      • 5+ years of consulting or regulatory experience in the financial services industry
      • Strong working knowledge of Commercial Real Estate (CRE) businesses, its products and services, and relevant risks and controls of the business
      • 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 informationJob Expectations:
        • Ability to travel up to 10% of the time Posting Location: 550 S. Tryon Street Charlotte, NC1445 Ross Ave Dallas, TX 90 S. 7th Street Minneapolis, MN30 Hudson Yards New York, NY100 N 18th Street Philadelphia, PA Due to a city-wide mandate in New York City, all individuals who perform in-person work or interact with the public during business must be fully vaccinated against COVID-19 or qualify for an approved accommodation to be exempt from being fully vaccinated. Currently, this position falls under the scope of this mandate. Pay Range$144,400.00 - $300,000.00 AnnualBenefits
          • Information about Wells Fargo's employee benefits We Value Diversity At 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, or status as a protected veteran.

Keywords: Wells Fargo, Minneapolis , Senior Lead Control Management Officer- Commercial Real Estate (CRE), Accounting, Auditing , Minneapolis, Minnesota

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