Job Information
Wells Fargo Control Management Executive – Enterprise Functions & Corporate Risk (EFCR) in Bengaluru, India
About this role:
Wells Fargo is seeking a Control Management Executive responsible for overseeing the strategic direction and operational management of EFCR control functions within the organization and help mature the control frameworks to effectively manage risk within these functions. While the teams are based on India and Philippines, the scope and impact of the role is across the bank as the teams in the region execute significant number of functions for the overall global organization.
Control Executive is a part of Chief Control Executive organization, responsible for providing leadership for Enterprise Functions & Corporate Risk (EFCR) Control organization based in India and Philippines locations.
The executive must be proactive in initiating action and managing change in a fast-paced environment. Strong relationship management, influencing, vision, and execution skills are required. A key differentiator will be the ability to understand and operate successfully in a complex, heavily matrixed corporate environment. The role requires a sense of urgency, passion for results, and personal accountability for achievement while having the ability to make timely and difficult decisions.
Successful candidate will have ability to distill complex concepts into simplified/ targeted solutions, communicate those concepts effectively and ensure that all deliverables are met. They will use both vision and analysis to identify business problems and build compelling fact-based recommendations. They will also have a demonstrated ability to build and maintain strong credible relationships with key stakeholder groups.
As a senior leader in EFCR Controls, the Control Executive is expected to have deep understanding of BCM (Business Control Management) activities along with good experience on Key Risk Programs in enterprise functions like Finance; HR; Legal; Corporate Risk etc. The Senior leader will be responsible for providing Strategic Oversight along with stakeholder Engagement keeping innovation and improvement as the foundation.
This role will be based out of Bengaluru.
In this role, you will:
This position will be responsible for leading a team of professionals and responsible for:
Lead a credible team to support EFCR Controls who act as Risk Advisors to all Enterprise Functions (Finance; HR; Legal; Corporate Risk; etc.) in the region.
Developing and implementing the company’s long-term strategies and goals
Provide strong engagement and leadership across various verticals of EFCR functions.
Engage and manage senior executives and stakeholder relationships and ensure efficiency and effectiveness.
Enable other senior Leaders to focus on Control strategic road map, driving maturity model, drive operational excellence and consistency across all EFCR verticals.
Engage, manage Risk Management in identifying, assessing, and mitigating EFCR related risks to ensure stable running of these critical functions.
Ensure that these functions through robust controls adhere to regulatory requirement, internal policies, and industry standards.
Overseeing the design, implementation and maintenance of controls and processes to protect organizations key assets.
Leading responses to control related incidents and breaches including Root cause analysis and remediation efforts.
Managing the team’s finances, including budgeting, forecasting, and financial reporting
Develop and coordinate executive level updates to Operations leadership, Committees and stakeholders on roadmap, Target Operating Model, delivery milestones and capability maturity progress.
Leader must bring firsthand execution knowledge and oversight to the role.
They will be expected to have:
Strong relationship management and proven leadership skills, with solid conflict management, negotiation, and organizational effectiveness techniques with senior business leaders to foster and manage ongoing relationships and gain commitment to accomplish business goals.
Proactively and continuously promote engagement of all team members.
Required Qualifications:
8+ years of Risk Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
4+ years of Management experience
Desired Qualifications:
20+ years of overall experience with a minimum of 10 years in Operational Risk Management & Compliance discipline, including experience in a captive unit of a MNC financial institution.
Strong working experience in Risk & Controls with robust understanding of Enterprise Functions.
Deep knowledge and understanding of Local Rules and Regulations and their impact on the actual execution across key risk programs within the EFCR space.
Solid Experience in Business Control Management activities that leverage risk program and business subject matter expertise to enable informed business decisions and strategic growth and proactively drive business optimization.
Hands on experience in creating strategic roadmap that include plan, identify, assess, control, monitor, and report risk exposures consistent with the risk appetite.
Strong expertise in risk reporting and review with the governance committees through identification of significant and emerging risks, risk drivers, and issues and result oriented across the areas that need improvement.
Experience in building and managing a strong EFCR control function with efficient processes, skilled talent, and a clear strategic vision.
Proficient and experience on multiple EFCR areas
Strong proven experience in managing operational risk & compliance framework, primarily in the banking industry and its related operations.
Proficiency and understanding nuances of front-line control reporting. Experience with Committee and board meetings as well as regulatory engagements
Demonstrate collaboration, strong negotiation, communication, presentation, and influence skills; ability to build and lead a team across multiple geographies.
Proven ability in exercising independent judgment and applying prudent risk mitigation principles
Strong influencing skills within a complex, matrixed environment; able to gain support and cooperation and build effective business partnerships with all levels of team members to achieve results without direct organizational control.
Executive presentation, communication experience at Operating Committee level.
Posting End Date:
16 Jan 2025
*Job posting may come down early due to volume of applicants.
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, status as a protected veteran, or any other legally protected characteristic.
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.
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To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo (https://www.wellsfargojobs.com/en/diversity/disability-inclusion/) .
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b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
Req Number: R-419609