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 2 Lead
Control Management Officers in the Corporate & Investment Banking
(CIB) Commercial Real Estate Control organization. Learn more about
the career areas and lines of business at In this role, you will:
Will be responsible for providing risk management leadership and
expertise across the following businesses: Community Lending and
Investment (CLI) and Multifamily Capital (MFC) businesses within
Commercial Real Estate (CRE), and the aligned business support
groups. Specific responsibilities include, but are not limited to:
Position 1 - Leader for CRE Wide Issues
- Provide leadership and coordination for cross platform issues
(impacting multiple CRE businesses). Act as the primary 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
- Develop a strong working knowledge of the CRE business and
other CRE business aligned teams to lead and guide issues with
cross business impact through the issues management lifecycle,
including issue pre-vetting and identification, intake and root
cause analysis, effective corrective action and control design,
ongoing progress and project management updates, gathering of
artifacts to demonstrate sustainability, and successful validation
and closure
- 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
- Exams / Reviews: Coordinate with internal testing engagements
such as Enterprise T&V, Internal audit, and Regulatory exams
Position 2 - Leader for Internal Controls (CLI and MFC)
- Provide leadership for the Internal Control Program, including
direct engagement on uplift of controls and procedures to align to
current guidance and expectations and support successful issues
management and control validations
- Provide cutting edge subject matter expertise on control design
development to ensure that robust, effective controls are fully
documented per FRASA and other bank-wide standards
- Support ongoing Control Design Effectiveness ratings,
assessments and evaluations across risk programs, such as Risk and
Control Self-Assessment (RCSA), Enterprise Risk Identification and
Assessment (ERIA) and Risk Measurement
- Continuously engage in strategic initiatives for regulatory,
operational risk and technology enhancements to identify and
maximize opportunities for control efficiencies and soundness that
support our strategic goals and exceed the expectations of our
customers Responsibilities common to all these positions:
- 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
- Provide risk management consultation on applicable bank
policies, commercial real estate and banking regulations, and
related process risks and controls
- Liaise with Control team partners aligned to serve CRE segments
to foster a standardized, timely, and best practice approach to
related risk and control pursuits across the platform
- Consult with business process owners to develop corrective
action plans and control redesign
- Oversee implementation progress and conduct control evaluation
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
- As an independent contributor, the candidate will escalate and
present risk initiatives to risk councils and committees
- Continuously engage in discussions with LOB partners on
strategy, industry trends, organizational changes, and
new/modified, systems, products and services, to determine impact
and identify and remediate risk and control issues across all risk
types
- Control development, projects & platform initiatives: Develop
strategies to influence process owners, control owners, business
sponsors, and key risk partners on the need for additional or
improved controls to mitigate risk
- Work with the business and support teams to provide operational
risk expertise and consulting for projects and platform
initiatives, considering impacts to risk & control
frameworkRequired 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,
educationDesired Qualifications:
- Working knowledge of Corporate & Investment Banking businesses,
its products and services, and relevant risks and controls of the
business
- Strong analytical skills with high attention to detail and
accuracy used to identify, assess and confidently raise risks and
issues, escalate early, and independently engage in constructive
credible challenge
- Highly professional, adaptable and proactive mindset with the
ability to prioritize work, meet deadlines, achieve goals, and work
under pressure in a fast paced and complex environment
- Strong influencing skills with the ability to communicate
effectively (verbal, written and interpersonal) with stakeholders
at all levels of the organization
- Proven knowledge of and experience with Commercial/Corporate
Banking customer service responsibilities
- Knowledge of Risk and Control Self-Assessment (RCSA)
- Experience with identifying, reporting and assessing
Operational Risk Events
- Experience with Issue Management, root cause analysis, and
corrective action development
- Self-starter Posting Location: 301 S Tryon St CHARLOTTE, NC 100
N 18th St PHILADELPHIA, PA 19103 80 S 8th St MINNEAPOLIS, MN 55402
500 W 33rd St NEW YORK, NY 10001 1445 Ross AVE DALLAS, TX 75202 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. 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. Candidates
applying to job openings posted in Canada: Applications for
employment are encouraged from all qualified candidates, including
women, persons with disabilities, aboriginal peoples and visible
minorities. Accommodation for applicants with disabilities is
available upon request in connection with the recruitment
process.
Keywords: Wells Fargo, Minneapolis , Lead Control Management Officer-Commercial Real Estate (CRE), Executive , Minneapolis, Minnesota
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