What are the responsibilities and job description for the Lead Control Management Specialist position at wellsfargo?
Title: Lead Control Management Specialist
Location:
Charlotte, NC
Duration: 5 months
Work Engagement: W2
Benefits on offer for this contract position: Health Insurance, Life insurance, 401K and Voluntary Benefits
Summary:
In this contingent resource assignment, you may: Consult on or participate in moderately complex initiatives and deliverables within Business Execution and contribute to large-scale planning related to Business Execution deliverables. Review and analyze moderately complex Business Execution challenges that require an in-depth evaluation of variable factors. Contribute to the resolution of moderately complex issues and consult with others to meet Business Execution deliverables while leveraging solid understanding of the function, policies, procedures, and compliance requirements. Collaborate with client personnel in Business Execution.
Responsibilities:
- Own and independently manage 1-2 Risk Assessable Units (RAUs), also known as RCSAs, holding the pen in drafting
- Responsible for risk identification, risk measures, control identification/design and ratings applicable to the assigned RAUs in partnership with the RAU Owner within the business
- Manage all risk management activities association to the RAU (i.e. issues, OREs, process change, etc.) to ensure control requirements are met and adhered too by the business owner
- Become the risk and control subject matter expertise on the service models assigned and underlying L4 processes
- Provide risk management consulting to support the business in designing and implementing risk-mitigation strategies
- Collaborate with relevant business group to identify current and emerging risks associated with business activities and operations, and provide guidance in developing and implementing risk-mitigating strategies
- Integrate yourself in all necessary business routines to ensure your knowledge of the processes is sufficient
- Monitor assigned portfolio of control activities and escalate when necessary
Qualifications:
- Applicants must be authorized to work for ANY employer in the U.S. This position is not eligible for visa sponsorship.
- Experience designing effective controls, issue management and supporting metrics and governance programs
- Knowledge of issue management process
- Experience determining the root cause of identified issues
- Regulatory Control knowledge across enterprise risk management framework, including: control testing, risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance.
- Knowledge and experience with Risk Control Self-Assessment activities
- Knowledge and understanding of Risk and Control Self-Assessment concepts
- Ability to proactively manage and mitigate issues
- Excellent verbal, written, and interpersonal communication skills
- Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
- Experience developing partnerships and collaborating with other business and functional areas
- Strong operational (or compliance or audit) risk management experience in the financial services industry
- Advanced Microsoft Office skills
- Previous Commercial, Corporate and/or Investment banking experience. (Preferred)
