Risk And Control - Associate

• About this role:
  

Wells Fargo is seeking a Quality Assurance Operations Associate.
In This Role, You Will

• Provide operational and customer support for lifecycle tasks for institutional trades
• Assist with client account onboarding, input and monitoring of cash payments, customer service, funding operations, custodial operations, securities settlement services, asset servicing structured loan operations, general ledger reconciliation and work to resolve confirmation and ISDA related issues
• Assist in gathering data to support resolution of issues
• Receive direction from manager and exercise judgment within defined parameters of the area while developing understanding of various functions, policies and procedures
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
• Participate in identifying, assessing, managing, and mitigating current and emerging risk exposures within Corporate and Investment Banking back office and Middle office processes area. Provide risk management consulting to support the business in designing and implementing risk mitigation strategies, business processes, and business controls. Monitor moderately complex business specific programs and provide risk management consulting to support the business in designing and implementing risk mitigation strategies. Monitor, measure, evaluate, and report on the impact of decisions and controls to the relevant business group or functional area. Provide guidance to business groups on the development, implementation, and monitoring of business specific programs to identify, assess, and mitigate risk. Collaborate with relevant business group to identify current and emerging risks associated with business activities and operations.
  

Required Qualifications:

• 6+ months of Institutional Investment Operations experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• Experience in Risk Management, Control Management, or equivalent demonstrated through one or a combination of the following: work experience, training,
  

Desired Qualifications:

• Individual contributor role focusing on performing evidence-based control evaluations by conducting various evidence gathering activities. Design, maintain and execute the control evaluation scripts, identify control deficiencies, document, and escalate potential issues to appropriate stakeholders. Validate & track action plans, escalate issues as required and document the control test artifacts and findings. Perform control evaluations for moderate to complex engagements, challenge status-quo and identify opportunities to add efficiencies or refining the existing processes. Engage and work with multiple stakeholders - front line business groups, risk program aligned functions and IRM teams for driving the objectives of risk and control programs. Instill and drive proactive risk culture, operational excellence, and efficiencies.
• Bachelors degree or higher. Relevant certifications will be an advantage. Overall experience of 6+ years with 5 years of relevant experience in Financial Services industry and / or risk & control domains covering operational risk, controls testing / evaluation, compliance, internal audit, risk management etc. Experience in automation / advanced excel / reporting will be an advantage. General knowledge of industry standards and best practices around control evaluations / testing, internal audit, and risk management processes. Experience creating test questions or test scripts. Experience assessing control design and performance through testing, audit, or Risk Control Self-Assessment practices. Experience assessing processes, procedures and identifying controls. Experience in assessing risk, reviewing risk ratings, identifying control gaps, and determining the appropriate evaluation methodology.
  

Job Expectations:

• Bachelors degree or higher. Relevant certifications will be an advantage. Overall experience of 8+ years with 5 years of relevant experience in Financial Services industry and / or risk & control domains covering operational risk, controls testing / evaluation, compliance, internal audit, risk management etc. Experience in automation / advanced excel / reporting will be an advantage. General knowledge of industry standards and best practices around control evaluations / testing, internal audit, and risk management processes. Experience creating test questions or test scripts. Experience assessing control design and performance through testing, audit, or Risk Control Self-Assessment practices. Experience assessing processes, procedures and identifying controls. Experience in assessing risk, reviewing risk ratings, identifying control gaps, and determining the appropriate evaluation methodology.
• Individual contributor role focusing on performing evidence-based control evaluations by conducting various evidence gathering activities. Design, maintain and execute the control evaluation scripts, identify control deficiencies, document, and escalate potential issues to appropriate stakeholders. Validate & track action plans, escalate issues as required and document the control test artifacts and findings. Perform control evaluations for moderate to complex engagements, challenge status-quo and identify opportunities to add efficiencies or refining the existing processes. Engage and work with multiple stakeholders - front line business groups, risk program aligned functions and IRM teams for driving the objectives of risk and control programs. Instill and drive proactive risk culture, operational excellence, and efficiencies
  

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Posting End Date:

• 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 units 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.
Applicants With Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Reference Number
R-357902