Corporate and Investment Banking Control International Regulatory Control Director

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The Corporate & Investment Bank (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 Bank’s Control organization serves as the front line of risk management and is accountable for risk assessment and control design and evaluation activities business and infrastructure groups supporting CIB. 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 International Regulatory Control Director is the responsible risk management leader for lines of business within the International regions, and is accountable for the supervision and management of all front line risk activities across the regulatory risk type. This role is specifically designated to oversee all International Risk Assessments.  Additionally, this individual is accountable to the International Control Executive for ensuring that the businesses consistently implement the front line regulatory and corporate risk programs in all regions outside of the United States. They will proactively provide aggregated views of regulatory risk across the business and guide business leadership on risks, issues, remediation, and regulatory interactions.  They will also foster a collaborative environment across the International regions that ensures timely communication and strong cooperation between the front line organization and Independent Risk Management (IRM) under Corporate Risk.

Specific responsibilities include:

• Identify, assess and mitigate risks across the Regulatory Risk type, in coordination with the supported International businesses and assurance activities consistent with the risk management framework and policies established by IRM.
• Work closely with the Business Control Leaders to execute and promote a strong risk culture to ensure effective communication and collaborative relationships between the domestic and international Control teams.
• Spearhead and lead remediation efforts across International.  
• Ensure that International strategic plans include the material risk identification and mitigation, and associated activities consistent with the enterprise risk framework and risk appetite statements. 
• Escalate concerns and issues to International Senior Leadership, IRM and Management Committees as appropriate.  
• Defining and ensuring execution and maintenance of risk tolerance statements, KPIs, monitoring, reporting and escalation to ensure visibility to/ownership of operating quality and regulatory compliance gaps and issues
• Advising and challenging business and operating groups on business process design/implementation and control, monitoring and testing design/implementation and results.
• Partner to help manage Audit, IRM and Regulator engagements to ensure a consistent engagement model and effective ownership and remediation of issues.
• Initiate new regulatory programs, as needed.
• Enhance existing regulatory programs, as needed, according to feedback from self-directed assessments, monitoring/testing results, Audit and IRF results and Regulator input.
• Partner to build a high performing risk management and controls organization and ensure that proper staffing, expertise, tools and technology exist to deliver capabilities, processes and teams that meet heightened risk management expectations. 
• Provide input to the design, development, implementation, and maintenance of the overall Wells Fargo Risk Management Framework. 

The successful candidate will work closely with other senior leaders across International and the company in the development and execution of company risk management strategies.  Accordingly, critical success factors will include the ability to develop partnerships with many business and functional areas, provide insight into the economic climate and related market developments and identify trends which may present opportunities or reflect gaps in the Company’s risk management execution/direction. 

As a Team Member Manager, you are expected to achieve success by leading yourself, your team, and the business. Specifically you will:

• Lead your team with integrity and create an environment where your team members feel included, valued, and supported to do work that energizes them.
• Accomplish management responsibilities which include sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks.

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 inter-personal effectiveness and with regard to their accomplishments. It 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 will work closely with other senior leaders across CIB Control and CIB Banking, and risk and operational partners from elsewhere in the company in the development and execution of company risk management strategies. Accordingly, critical success factors will include the ability to develop partnerships with many business and functional areas, provide insight into the economic climate and related market developments and identify trends which may present opportunities or reflect gaps in the Company’s risk management execution/direction.

Team members 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.

• 7+ years of management experience
• 10+ years of experience in risk management or 10+ years of financial services industry experience, of which 7+ years must include direct experience in risk management

• Demonstrated experience in international risk management leadership.
• Meaningful knowledge across enterprise risk management framework, including: risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance.
• Understanding of best-practice risk management techniques across financial services industry.
• Knowledge of relevant financial regulations and understanding of how they are implemented, managed and enforced.
• Deep technical understanding of specific International business operations, processes, controls, products, and customer interactions and where they manifest risk.
• Strong interpersonal, influencing, and communications skills with an ability to interact effectively with stakeholders and regulators, to include virtual, matrixed leadership experience and the ability to effectively manage and build relationships within the business and enterprise Risk function.
• Proven leadership and project management skills to drive alignment across stakeholder groups to develop and deliver repeatable end to end risk management solutions and controls aligned with business/customer processes.
• Experience in building new groups, including creating the infrastructure, hiring, assembling, and coaching a team and then charting the course for the team.
• Ability to act as a liaison between stakeholder partners which includes the ability to consult on identified risk issues or gaps.
• Ethical integrity and demonstrated ability to assess and determine when to raise concerns and escalate.
• Strong time management skills and the ability to manage multiple tasks and meet deadlines with minimal supervision.
• Demonstrated leadership ability that embodies the Wells Fargo Vision and Values and leadership competencies.

• All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
  
  Relevant military experience is considered for veterans and transitioning service men and women.
  Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.