Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Market Job Description
About Wells Fargo Philippines Wells Fargo Philippines enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Operations, Risk and Compliance, Project Management, Finance & Accounting and Data Analytics. We operate in Taguig City, Metro Manila.
The Business Risk and Control team is responsible for identifying, measuring, assessing, controlling, mitigating, monitoring, and reporting current and emerging risk exposures associated with the activities and operations to their relevant Business Group or Enterprise Function. Responsible for evaluating the impact of decisions to the relevant Business Group and Enterprise Function.
About the Role
Consults and provides guidance on the development, implementation, and monitoring of business-specific programs to identify, assess, and mitigate risk. Develops Front Line statements of risk appetite that comply with company-wide expectations and incorporates risk considerations into its business and strategic decision making to align the risk appetite of the business. Identifies, assesses and aggregates risks generated by its activities. Escalates risks where necessary if risk boundaries or limits are triggered.
Serves as liaison between Independent Risk Management (IRM) and a Front Line business group or functional area with low risk and complexity in support of enterprise risk programs
Provides support in the interpretation of policy, guidelines, and governance programs
Designs and implements risk mitigation strategies and controls that effectively mitigate risks and appropriately address requirements of applicable statutes, regulations, and risk governance documents
Develops and implements risk monitoring and risk reporting processes that align with company-wide risk programs
Monitors and reports on its risk concentration, current and emerging risk, and risk appetite
Aggregates the results of its monitoring efforts (as part of its self-assurance activities reporting routines), evaluates findings, reports on results and escalates where necessary
Designs and executes a control effectiveness assurance program for Front Line-owned controls
Proactively creates and adapts strategies in line with Risk Appetite and adjusts business activities when required or accepts risk
Market Skills and Certifications
Graduate of any Bachelor's degree or higher in business or a related field
2+ years of experience in risk (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management demonstrated through work military)
1+ year in the foregoing or financial services industry
Experience in financial industry specific to brokerage and/or investment banking is preferred but not required
We Value Diversity
At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.
Internal Number: 54673BR
About Wells Fargo
Wells 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 7,400 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 260,000 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. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
www.wellsfargo.com | Twitter: @WellsFargo