EMEA Controls - Investor and Financing Solutions (IFS) - Control Officer

Wells Fargo
London, United Kingdom
31 Jul 2022
30 Aug 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Department Overview

The EMEA Control Team, as part of the International Control Organisations serves as the front line non-financial risk management organization of Wells Fargo supporting the Corporate & Investment Banking, and other businesses in EMEA with risk strategy, implementation, and execution.

The team assesses and effectively manages risks and delivers an integrated view of risks, produces a sustainable control environment, and instils a culture of strong risk management. CIB Control interfaces with Independent Risk Management and Audit to consistently drive comprehensive implementation of regulatory and corporate risk policies and programs across all lines of business.

About this Role

The Business Control Executive (BCE) Officer will report to an EMEA Markets Control team Manager within the International Control organization.

This position will be accountable for the front line control responsibilities related to the EMEA Investment Funding Solutions (IFS) line of business. This is a regional Officer position which will develop and execute consistently with the Group Control Executive's 5 pillars amongst other objectives this targets risk identification & assessment, control & issue management and control design & evaluation.

The BCE Officer will work within the EMEA IFS line of business (LOB) to implement and execute the required risk and controls framework and help identify, escalate and proactively manage 'non-financial' risks in the designated lines of business. This position will partner functions across the second and third lines of defence as required.


Performs and manages for the Front Line the programs with respect to the designated EMEA IFS LOB as follows:

• Identifies and documents risks, controls and self-assurance activities associated with the EMEA IFS line of business and business processes.

• Assist, advise and support the EMEA IFS business with the management of non-financial risk events and issues.

• Partner with the respective Support Function Controls teams (Finance, Ops, HR, Legal, etc.) to understand and assess the front-to-back risk & control environment as it impacts the business line.

• Coordinate the development, implementation, and monitoring of Legal Entity (LE), business-specific programs to identify, assess, and mitigate risk.

• Support related LE Risk & Control Self-Assessment, and Control Design activities consistent with the Group Control Executive's 5 pillars, Risk Management Framework, regulatory commitments and associated policies established by Independent Risk Management (IRM)

• Manage the design of business-specific risk controls and provides the leadership over the development of remediation plans to address any control weaknesses or gaps. Advise and coordinate with the respective Support Functions as required,

• Drive collaboration with the EMEA Control Programs management to lead and promote a strong risk culture to ensure effective communication and supportive partnerships

• Where necessary assist with the design, implementation and monitoring of new front line controls for the Legal Entity across the relevant LoBs, consistent regulatory requirements and associated IRM policies

• Ensure EMEA IFS and, where necessary, planned support function activities in region are consistent with the Enterprise Risk Framework, policies, and programs and risk appetite framework, and to ensure they are well-calibrated and integrated within the Line of Business.

• Attends and represents EMEA Regional Business Control team in relevant business meetings

Skills and Certifications

• Direct experience and working knowledge of a Derivatives and Structured Finance business acquired through experience in non-financial risk roles across the three lines of defence (including compliance, financial crimes, operational risk, audit, legal)

• Specific product knowledge including Sovereign Bonds, RMBS/CMBS, ABS, Interest Rate products (e.g. swaps) and structured derivative solutions.

• Detailed knowledge of front to back transaction lifecycles and bookings flows to support the business.

• Proven experience in the coordination and implementation of complex risk management and client risk mitigating programs.

• Proven management of programs, ability to plan, organise, prioritise and work under pressure under tight timescales and demanding requirements and dynamic environment

• Provide succinct and timely reporting and tracking of progress including status of issues that supports effective decision-making

• Excellent inter-personal skills with the ability to work, and collaborate with, geographically dispersed teams, in matrixed relationships and interact with all levels of an organization

• Must be a proactive self-starter who values personal accountability and thrives under pressure in a fast-paced and demanding environment

• Ability to work with a high degree of autonomy, demonstrating flexibility in skillset and approach

• Strong relationship management skills and organizational savvy with a 'no surprises' approach to communicating issues

• Experience communicating in both written and verbal formats with Business leaders

• Ability to analyze data and make connections across various data sets to make recommendations to management and project teams in a timely manner.

• Ability to leverage creative thinking and problem solving skills to facilitate decisions and to ensure project outcomes result in expected business value.

• Ability to exercise independent judgment to identify and resolve problems

• Ability to articulate complex concepts in a clear manner

• Ability to escalate issues

• Ability to meet stringent deadlines

• Advanced Microsoft Office skills

• Excellent verbal, written, and interpersonal communication skill

• Solid conflict management and decision making skills

• Strong analytical skills with high attention to detail and accuracy. 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.

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