Lead Control Management Officer Job Vacancy in Wells Fargo Sholinganallur, Chennai, Tamil Nadu – Latest Jobs in Sholinganallur, Chennai, Tamil Nadu

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Company Name : Wells Fargo
Location : Sholinganallur, Chennai, Tamil Nadu
Position : Lead Control Management Officer

Job Description : Finance brings together enterprise functions that drive Wells Fargo’s financial management, including accounting and control, financial planning and analysis, line of business finance, asset-liability management, treasury, tax management, and the company’s investment portfolios. They also inform shareholders, regulators, taxing authorities, employees, and leaders of the company’s financial performance through earnings releases, investor meetings and conferences, and meetings with regulators and credit rating agencies, following appropriate reporting guidelines.

It is an exciting time to be a part of Wells Fargo’s Enterprise Finance Control Organization (FCO). This newly created front line risk management position will help drive Risk transformation and implementation with a focus on Process, Risk and Controls.

This front line Senior Lead Control Management Officer will report to the Business Risk and Control Senior Manager within the Finance division Business Aligned Control team.

The candidate must have strong risk and control background and business knowledge of finance with in-depth understanding of at least one of the following topics: Regulatory/Financial Reporting, Treasury, Product Control, FP&A Tax.
Essential duties and responsibilities include, but are not limited to:
Lead the implementation of an integrated business process, risk and control operating model.
Partner with the function in the construction of business process design and assessment, including risk and controls.
Ensure comprehensive coverage, consistency in execution, and maintenance of risk activities, including oversight and reporting of results
Promote a strong risk culture, cultivate relationships and foster a team orientation and interfaces with business partners in Finance function, business-specific risk program teams, and key stakeholders in the second and third lines of defense.
Lead and coordinate Risk activities related to business process – procedures – policies, risk identification/assessment/mitigation and controls evaluation including day-to-day governance/oversight, formal internal (audit, IT&V) and external reviews/exams (regulatory), and other risk management activities.
Ensure proactive identification of issues and events, and partner with the finance function throughout issue lifecycle process to ensure compliance and timely and effective remediation
Lead risk and controls governance committees and working group sessions
Provide a high level of risk management acumen and consulting to support the business in designing and implementing risk mitigation strategies, business processes and controls that mitigate risks and address regulatory requirements.
Lead implementation of initiatives with moderate to high risk through proactive management, coordination, and collaboration with key partners across the enterprise.
Design and execute control effectiveness monitoring program for Front Line-owned controls.
Adaptable to a dynamic and quickly changing, fast-paced work environment where priorities or focus may be flexible.
Ability to engage stakeholders and drive conversations on risk and controls matters.
Ability to focus on the details of an issue or task while keeping the big picture in mind (understand the context and connectivity by applying an integrated risk based approach).
Engaged project management and ability to drive progress/execution in risk initiatives.
Required Qualifications
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
Domain knowledge and subject matter expertise in one of the Finance sub-functions (Regulatory/Financial reporting, Treasury, Product Control, FP&A, Tax) gained while working in a top tier bank
Excellent written and verbal communication with proven ability to create presentations in powerpoint
Analytical mindset with proven ability to structure auditable working documents in excel
Desired Qualifications
An active Certified Public Accountant (CPA) designation
Knowledge and understanding of financial controls and risk
Ability to analyze financial statements, accounting principles, tax returns, and personal financial statements
Financial accounting experience
Experience with governance and oversight requirements for regulatory and risk reporting
Knowledge and understanding of ever-evolving regulatory environments and governance processes
Knowledge and understanding of an end-to-end accounting process flow and control structure
Ability to exercise independent judgment to identify and resolve problems
Ability to negotiate, influence, and collaborate to build successful relationships
Strong presentation and meeting facilitation skills
Ability to motivate staff to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
Ability to simultaneously lead multiple projects
Virtual leadership experience with ability to effectively drive results, provide feedback/direction, and manage and build relationships with leaders and team members in a geographically dispersed team environment
Other Desired Qualifications
Experience in Auditing, Compliance, and/or functions performing risk management, assessment, quality assurance, testing and validation, or remediation activities in the financial services industry
Experience in financial services organization’s first, second, or third lines of defense
Proven ability to discern risk and influence risk management practices, formulate and implement effective strategies, and centrally manage risks in collaboration with lines of business/groups and support functions
Proficient at process, risk, and controls design and continuous improvement
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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