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CIB Banking Principal Control Management Officer

Company: Wells Fargo
Location: New York
Posted on: August 7, 2022

Job Description:

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

About this role:

Wells Fargo is seeking a CIB Banking Principal Control Management Officer in Corporate & Investment Banking (CIB) organization as part of Corporate & Investment Banking Control Executive.

Corporate & Investment Banking

Corporate & Investment Banking (CIB), led by Jon Weiss, delivers a comprehensive suite of traditional banking solutions including credit, treasury management and payments, and capital markets and advisory solutions, including a full complement of sales, trading and research capabilities, to corporate, government and institutional clients. We focus on our clients' overall financial needs, with consideration and respect for their total relationship with Wells Fargo.

Corporate & Investment Banking Control

The Corporate & Investment Banking Control organization serves as the front line of risk management and is accountable for assessing and effectively managing all associated risks for their groups. This team works to ensure internal controls, processes, and procedures are adequate and effective, and executive management understands the risks, exposures, and trends that impact the business. The group also collaborates on projects and initiatives by providing support and awareness of risks and mitigating control solutions.

The Control Executive for CIB, Mary Lou Peters, has a business-aligned Control team that will closely partner with Operations Control for all aspects of the CIB business, including Securities Operations that support Wells Fargo Securities (WFS LLC) and regional broker dealers, derivative operations that support its Swap Dealer (WFBNA) including regional branches, and its Global Payments Services, Mortgage Servicing, FCM, and Prime Services businesses.

The Role

This position is part of the Corporate & Investment Banking (CIB) Banking Control organization which is responsible for providing risk and control leadership and expertise across the CIB Banking business. CIB Banking is the relationship management and market development function for Wells Fargo's Corporate and Investment Bank that is focused on service to multi-national corporate and institutional clients. The business is comprised of industry sector-specialized teams of corporate bankers, investment bankers, and credit portfolio managers; as well as product-specialized debt capital markets (DCM), equity capital markets (ECM), and merger and acquisition (M&A) investment banking teams.

This Principal Control Management Officer will provide front line control leadership and support the Corporate & Transaction Banking (CTB) Coverage business which is responsible for the origination and execution of all Corporate and Investment Banking products and services, including credit, treasury management, deposits, capital raising, advisory services, and rates/foreign exchange activities and their respective COOs. This individual will also serve as a senior advisor on matters of risk and control effectiveness, identification of emerging risks, and risk governance.

The Candidate

Leadership, 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 interpersonal effectiveness regarding their accomplishments. The role 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.

The successful candidate must have demonstrated ability to distill complex concepts and processes into simplified and targeted solutions while communicating those concepts effectively and ensuring that all deliverables are met. They will use process and analysis skills to identify business problems and build compelling fact-based strategic recommendations. They will also emphasize proactive monitoring, appropriate escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.

Accordingly, critical success factors will include building and maintaining strong relationships with key stakeholder groups, the ability to understand and anticipate business needs and pertinent topics and identify trends which may present opportunities or reflect gaps in the Company's risk management execution/direction.

Learn more about the career areas and lines of business at

In this role, you will:

Provide control team support across a variety of topics including:

  • Marketing, sales activity, and transactional execution with large and sophisticated multi-national corporate clients, publicly traded and institutionally owned, based domestically as well as other global regions
  • Credit underwriting, origination, distribution, and portfolio management of large corporate credit facilities, including lending-related compliance and capital/data reporting requirements
  • Securities underwriting and issuance, including both debt and equity instruments
  • M&A and other advisory services, including partnership development with Wells Fargo Commercial Banking's mid-corporate segment
  • Transaction sourcing, screening, and selection commonly involves access to sensitive material non-public information (MNPI), subject to related regulations, policies, and risks
  • Conduct and supervision of a large global team of licensed and regulated bankers, requiring focus on handling of MNPI, User Access, e-Communications, and Books/Records
  • International business teams in foreign locations, requiring control team focus on jurisdictional permissibility, legal entities, and global risk management partnership
  • Play a leadership role in CIB Banking's Risk and Control Self-Assessment (RCSA) program by conducting detailed risk and control evaluations
  • Support Control Team coverage of CIB Banking owned processes, risks, and controls
  • Serve as the issue management point of contact for members of the business and consult with process owners to develop corrective action plans and control redesign; Oversee implementation progress and conduct control evaluation efforts as required; Coordinate with business and support partners for the creation of Self-Disclosed issues in Issues Management system of record
  • Escalate, where appropriate, and present risk initiatives and other topics to the CIB Banking Risk Committee and other leadership forums
  • Develop strong working relationships and continuously engage in discussions with LOB partners on strategy, industry trends, organizational changes to determine impact and identify and remediate risk and control issues across all risk types
  • Implement strategies to influence process owners, control owners, business sponsors, and key risk partners on the need for additional or improved controls to mitigate risk; Provide operational risk expertise and consulting for projects and platform initiatives, considering impacts to risk & control framework
  • Remain abreast of changes to risk programs, risk profiles, policies, procedures and other governing documents and processesRequired Qualifications:
    • 10+ years of Risk Management or Control Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, educationDesired Qualifications:
      • Working knowledge of Corporate & Investment Banking businesses, its products and services, and relevant risks and controls of the business
      • Knowledge of Risk and Control Self-Assessment (RCSA)
      • Experience with Issue Management, root cause analysis, and corrective action development
      • Working knowledge of the Company's governance frameworks including Risk Management Framework concepts and policies across risk types
      • Strong analytical skills with high attention to detail and accuracy used to identify, assess and confidently raise risks and issues, escalate early, and independently engage in constructive credible challenge
      • Highly professional, adaptable and proactive mindset with the ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a fast paced and complex environment
      • Strong influencing skills with the ability to communicate effectively (verbal, written and interpersonal) with stakeholders at all levels of the organization
      • Self-starter with the ability to take initiative and work independently with minimal supervision in a structured environment Posting Location:

        550 S. Tryon St, Charlotte, NC

        1445 Ross Ave., Dallas, TX

        90 S 7th St., Minneapolis, MN

        30 Hudson Yards, New York NY

        Due to a city-wide mandate in New York City, all individuals who perform in-person work or interact with the public during business must be fully vaccinated against COVID-19 or qualify for an approved accommodation to be exempt from being fully vaccinated. Currently, this position falls under the scope of this mandate.

        We Value Diversity

        At Wells Fargo..... click apply for full job details

Keywords: Wells Fargo, New York , CIB Banking Principal Control Management Officer, Accounting, Auditing , New York, New York

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