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Business Risk and Control Senior Associate - Complex Customer Team

Company: Wells Fargo Bank
Location: West Des Moines
Posted on: March 25, 2020

Job Description:

Job Description Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as Personal Cell or Cellular in the contact information of your application. At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Wholesale Banking provides financial solutions to businesses across the United States and globally. Our four major business lines include Corporate & Investment Banking, Commercial Banking, Commercial Real Estate, and Wells Fargo Commercial Capital. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses. The Transactional Risk & Intelligence Group (TRIG) Complex Customer Team (CCT) is looking for a Business Risk & Controls Senior Associate that will be responsible for generating intelligence reports (eg, country reports, typology reports, financial crimes specialized reports, etc.), and managing ad-hoc escalations that have a high-level of complexity. The role requires a self-driven individual with experience in financial crimes or operational risk management disciplines. The individual will primarily develop intelligence reports that will be used to inform risk decisions, establish and implement risk differentiation criteria, and create mitigation solutions across Wholesale. This role will be responsible for researching, developing, socializing, and incorporating feedback into the final reports to ensure stakeholders agree with the top of mind risks as it relates to the various businesses in Wholesale. In addition, this role will also work on mentoring and coaching other team members. Individual Responsibilities:

  • Conduct deep dive research, analysis, and development of intelligence reports. Ensure reports are designed to define the benign, outline the salient risks, and link them back to how the risks may influence the broader Wholesale businesses.
  • Exercise critical thinking skills by simplifying complex topics.
  • Incorporate stakeholder knowledge to ensure the views on risks, as outlined in the intelligence reports, align with the views of the various Wholesale businesses and the WFCRC teams.
  • Document and consolidate information and ensure documentation outlines how the research led to the final version of the intelligence reports.
  • Socialize draft versions of the reports via feedback meetings to ensure stakeholder buy-in and transparency.
  • Review and collaborate with WFCRC teams when reviewing customer transactional data to conduct risk differentiations and identify any potential Financial Crimes risks, trends, or typologies that need to be incorporated into the final reports.
  • Stay attuned to recent financial crimes news, internal financial crimes case studies, and the needs of the Wholesale businesses.
  • Foster strong relationships with WFCRC cross-functional groups while quickly adapting to projects and functions, as they may change periodically according to business needs or other factors.
  • Manage ad-hoc escalations that arise from the various Wholesale businesses.
  • Other responsibilities may include working with WFCRC groups to develop, document, and implement training or action plans at the Wholesale program level. Team members 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.Required Qualifications
    • 5+ years of experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) or 5+ years of financial services industry experience, of which 3+ years must include direct experience in risk management Desired Qualifications
      • Strong analytical skills with high attention to detail and accuracy
      • Excellent verbal, written, and interpersonal communication skills Other Desired Qualifications
        • 5+ years of financial crimes and/or credit risk experience with international geographic and varied product risk in the context of Wholesale customer types and lines of business
        • Advanced Excel and PowerPoint skills including ability to work and interpret large sets of data
        • Experience in Investigation, reviewing relationship memo, Credit Memo
        • Experience with CDD
        • Experience in industry reporting
        • Demonstrated thought leadership and ability to work on high risk and complex customer/segments
        • Leadership experience including; coaching, training, and mentoring
        • Experience with assessing issues, making quick decisions, implementing solutions, and influencing change
        • Proactive self-starter who values personal accountability and thrives under pressure in a fast-paced and demanding environment
        • Degree in Economics, Business, Finance or National Security & Intelligence Studies
          • A BS/BA degree or higher in business, management, accounting, finance or economics Street Address NC-Charlotte: 301 S Tryon St - Charlotte, NCNC-Raleigh: 1100 Corporate Center Dr - Raleigh, NCAZ-PHX-Central Phoenix: 100 W Washington St - Phoenix, AZOR-Portland: 1300 Sw 5th Ave - Portland, ORCO-Denver: 1700 Lincoln St - Denver, COMN-Saint Louis Park: 435 Ford Rd - Saint Louis Park, MNMN-Saint Louis Park: 300 Highway 169 S - Saint Louis Park, MNGA-Atlanta: 3579 Atlanta Ave - Atlanta, GATX-DAL-Downtown Dallas: 1445 Ross Ave - Dallas, TXTX-San Antonio: 4101 Wiseman Blvd - San Antonio, TXIA-Des Moines: 800 Walnut St - Des Moines, IAUT-Salt Lake City: 299 S Main St - Salt Lake City, UTDisclaimerAll offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.Relevant military experience is considered for veterans and transitioning service men and women.Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Keywords: Wells Fargo Bank, West Des Moines , Business Risk and Control Senior Associate - Complex Customer Team, Accounting, Auditing , West Des Moines, Iowa

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