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Private Wealth Management Business Control Leader (Business Risk and Control Senior Director)

Company: Wells Fargo Bank
Location: Gastonia
Posted on: January 15, 2020

Job Description:

Job Description
About Wells FargoWells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,600 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 263,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune's 2019 rankings of America's largest corporations.Wealth & Investment ManagementWealth & Investment Management (WIM) is one of the nation's leading providers of financial and investment services with team members present in all 50 states. WIM provides a full range of personalized wealth management, investment, and retirement products and services to meet clients' unique needs and help them achieve financial goals. Our businesses include Wells Fargo Advisors, The Private Bank, Abbot Downing, and Wells Fargo Asset Management. WIM administers $1.9 trillion in client assets2, including $142 billion in deposits, and has $76 billion in loans.The RoleThe Private Wealth Management Business Control Leader (BCL) is the responsible risk management leader for assigned lines of business within Private Wealth Management. BCLs are responsible for ensuring an effective and appropriate control environment for all business activities across all risk types, ensuring the business consistently implements regulatory and corporate risk programs, and counseling business leaders on risk, issues, remediation, and regulatory interactions. The Private Wealth Management BCL will proactively provide aggregated views of risk across the business and counsel business leadership on risks, issues, remediation, and regulatory interactions. - This leader also must foster a collaborative environment that ensures timely communication and strong cooperation between the front line organization and Independent Risk Management (IRM).Specific responsibilities include:

In coordination with Private Wealth Management business leaders, identify and assess risks across all risk types, and ensure assurance activities are consistent with the risk management framework and policies established by IRM. Responsible for working closely with each of the Control risk program leaders to lead and promote a strong risk culture to ensure effective communication and collaborative partnerships. - - Ensure that the business is designing and implementing front line controls across major business processes, consistent with policies established by IRM. - Ensure that Private Wealth Management's strategic plan identifies the material risks and associated activities consistent with the enterprise risk framework and risk appetite statements. - Ensure the business consistently implements the overall Wells Fargo Risk Management Framework, including associated policies, programs and risk appetite framework. Ensure business is appropriately staffed with capacity and skills to properly manage the risk. Escalate concerns and issues to Senior Leadership, IRM, Management Committees and the Board as appropriate. - - Manage relationships and foster a team orientation with business heads, IRM, legal, audit and multiple regulators. - Build a high performing risk management and controls organization and ensure proper staffing and expertise exists at the line of business level and build capabilities, processes and teams that meet heightened risk management expectations. The successful candidate will work closely with other senior leaders across Private Wealth Management and the company in the development and execution of company risk management strategies. - Accordingly, critical success factors will include the ability to develop partnerships with many business and functional areas, provide insight into the economic climate and related market developments and identify trends which may present opportunities or reflect gaps in the Company's risk management execution/direction. - The CandidateLeadership, integrity, and credibility will be determining factors in selection. -Successful candidates will be articulate and possess a demonstrated leadership capability; they will be impressive in their inter-personal effectiveness and with regard to their accomplishments. -It requires a leader with strong relationship management, influencing, vision and execution skills. - 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. -

Required Qualifications
  • 10+ years of management experience
  • 12+ 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 12+ years of financial services industry experience, of which 10+ years must include direct experience in risk management



    Other Desired Qualifications
    Meaningful knowledge across enterprise risk management framework, including: risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance. Understanding of best-practice risk management techniques across financial services industry. Knowledge of relevant financial regulations and understanding of how they are implemented, managed and enforced. Deep technical understanding of specific WIM and/or legacy Private Wealth Management business operations, processes, products, and customer interactions and where they manifest risk. Strong interpersonal, influencing, and communication skills with an ability to interact effectively with stakeholders and regulators, to include virtual, matrixed leadership experience and the ability to effectively manage and build relationships within the business and enterprise Risk function. Proven leadership and project management skills to drive alignment across stakeholder groups to develop and deliver repeatable end to end risk management solutions and controls aligned with business/customer processes. Deep understanding of risk framework, corporate/business policies, and programs to translate into plans for the business, function and/or risk type. Demonstrated leadership ability that embodies the Wells Fargo Vision and Values and leadership competencies. Ethical integrity and demonstrated ability to assess and determine when to raise concerns and escalate. Proven ability to build and lead a high-performing control risk management organization in a matrixed environment, ensure proper staffing and expertise exists and can coach and enable others in risk management and risk ownership. Strong analytical ability used to identify risks and confidently raise issues, escalate early and engage in constructive credible challenge and will do so independently when necessary. Proven ability to proactively manage and resolve conflict and effectively defend decisions with objective rationale.Location: Charlotte, NC; Minneapolis, MN; other major WF hubs will be considered



    Disclaimer

    All 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, Gastonia , Private Wealth Management Business Control Leader (Business Risk and Control Senior Director), Executive , Gastonia, North Carolina

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