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Control Management Specialist - Evidence Based Control Evaluation

Company: Wells Fargo
Location: Wilmington
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 Control Management Specialist supporting our Consumer Lending group.This role is part of the Evidence Based Control Evaluation (EBCE) team that evaluates whether controls are well designed and operating effectively. Our approach is tailored based on Risk and Control Self-Assessment (RCSA) and supports proactive risk management in alignment with the Risk Management Framework. We perform evidence-based control evaluations which involve sampling and inspecting evidence to assess the design and operating effectiveness of controls and whether they are mitigating their assigned risks. In this role, you will:

  • Participate in mitigating current and emerging risk exposures associated with the activities and operations of the assigned business group, and identify opportunity for process improvements within the scope of defined business control responsibilities.
  • Review and analyze basic business challenges that require research, evaluation, and selection of alternatives.
  • Develop and implement risk monitoring, risk reporting processes, and controls while evaluating and reporting results where necessary
  • Present recommendations for resolving complex situations and exercise independent judgment while developing Control Management functional area expertise.
  • Provide support in the interpretation of policy, guidelines, and governance programs as front line liaison to Independent Risk Management area.
  • Collaborate and consult with Control Management team and key stakeholders, including internal customers. Required Qualifications:
    • 2+ years of Risk Management or Control Management experience, or Financial Services industry experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education. Desired Qualifications:
      • Experience developing partnerships and collaborating with other business and functional areas.
      • Ability to assess issues, make quick decisions, implement solutions, and influence change.
      • Ability to develop and negotiate solutions to issues with partners or clients including escalations as needed.
      • Ability to identify gaps through risk-based testing.
      • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment.
      • Ability to take on a high level of responsibility, initiative, and accountability.
      • Excellent verbal, written, and interpersonal communication skills.
      • Outstanding problem solving and decision-making skills.
      • Familiar with risk types, methodologies, and frameworks for evaluating or testing controls and assessing results, conducting research, and identifying control deficiencies.
      • Audit or internal controls assessment experience.
      • Experience creating and executing control evaluation test scripts to assess the design and performance of internal controls.
      • Ability to critically assess controls under evaluation to adequately mitigate risk and enhance the risk management process.
      • Strong analytical skills with high attention to detail and accuracy.
      • A BS/BA degree or higher. Job expectations:
        • Executes control evaluations in an effective manner.
        • Completes control evaluations on schedule.
        • Raises schedule delays to the control evaluation lead.
        • Escalates any potential control gaps discovered during the completion of the control evaluation to a control evaluation lead, and follow through on reporting, escalation, and resolution.
        • Completes applicable documentation under limited supervision and in accordance with requirements.
        • Interfaces internally within the bank regarding business risk management (There will be limited to no external interaction)
        • Works with supervision; (does not manage other team members).
        • The role may also include other responsibilities. Office locations:
          • 800 S JORDAN CREEK PKWY West Des Moines IA
          • 250 E John Carpenter Frwy Irving TX
          • 2800 S Price Rd Bldg D Chandler
          • 550 S 4th St Minneapolis MN
          • 2200 Concord Pike Wilmington DE
          • 401 S Tryon St Charlotte NC
          • 3476 STATEVIEW BLVD LAKEMONT EAST B Fort Mill SC 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, Wilmington , Control Management Specialist - Evidence Based Control Evaluation, Executive , Wilmington, Delaware

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