Business Risk & Controls Senior Associate
Wells Fargo
Manila, Philippines
6d ago

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

    Essential Qualifications

  • 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
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