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Operational Risk Officer-New Business Initiative Oversight Lead
Company: Wells Fargo Location: Phoenix, AZ Employment Type: Full Time Date Posted: 01/28/2021 Expire Date: 05/07/2021 Job Categories:
Accounting/Auditing, Banking, Finance/Economics, Financial Services, Information Technology, Insurance, Law Enforcement, and Security, Legal, Military
Operational Risk Officer-New Business Initiative Oversight Lead Job Description
Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message.Â In order to receive text message invitations, your profile must include a mobile phone number designated as 'Personal Cell' or 'Cellular' in the contact information of your application.
At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk. The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.
This newly created Operational Risk Officer will be part of the Risk Program Oversight Team in Independent Risk Management (IRM) aligned to Transaction Processing and Execution (TPE). This team member will partner with internal and external stakeholders, including senior management from all three lines of defense.
Responsibilities include, but are not limited to:
Serving as lead point of contact for transaction process and exception risk (TPE) within the New Business Initiatives Program
Attending steering committees and work groups to ensure appropriate risk management coverage
Challenging strategic initiatives requirements and develops alternative approaches/solutions
Engaging subject matter experts in focus areas including: Operations, WIM, WHSL, CB/CIB and Enterprise Functions
Building and sustaining a strong risk culture including a balanced approach through working in cooperation and consultation with all lines of defense across the enterprise
Executing timely oversight responsibilities while serving as centralized contact for TPE activities and related risks
Providing and facilitating the administration of credible challenge in a structured, timely and focused manor
Reviewing and approving material changes to methodology and related questionnaire
Highlighting and/or escalating material operational risk management issues generated through New Business InitiativesÂ
Driving critical decisions and managing multiple stakeholders to reach agreed upon solutions
Communicating internally/externally across the Operational Risk Type Coverage Program
7+ 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 7+ years of financial services industry experience, of which 5+ years must include direct experience in risk management
Ability to articulate complex concepts in a clear manner
Advanced Microsoft Office skills
Excellent verbal, written, and interpersonal communication skills
Exposure to Wells Fargo RCSA (Risk and Control Self Assessment) tool
Strong analytical skills with high attention to detail and accuracy
Ability to interact with all levels of an organization
Other Desired Qualifications
7+ years of professional experience in Financial Services with SR 15-18 firmsÂ with experience covering banking, insurance, investments, mortgage,Â consumer and /or commercial financial services
Knowledge of Basel II event types, especially execution, delivery, and process management-
Experience with an enterprise risk management framework, including: risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance and thematic reviews.
Experience with management-level governance committee and/or new business/products
Challenging strategic initiatives requirements and develops alternative approaches/solutions, with an ability to prioritize leveraging risk based approach
Ability to successfully identify, assess, measure, mitigate, monitor, control and report current and emerging operational risk exposures within TPE (Transaction processing and execution risk)
Leading change management initiatives
Demonstrated ability to effectively lead change through actions, deeds and peer network.
Strategic leadership skills to drive alignment across stakeholder groups to develop and deliver repeatable end to end risk management solutions
Proven ability to scope, manage and executeÂ business initiatives with high quality and timely delivery in a matrixed Corporate environment
Ability to travel up to 5% of the time
The salary range displayed below is based on a Full-time 40 hour a week schedule.
NC-Charlotte: 301 S Tryon St - Charlotte, NC NY-New York: 100 Park Ave - New York, NY TX-DAL-Downtown Dallas: 1445 Ross Ave - Dallas, TX MN-Minneapolis: 550 South 4th St - Minneapolis, MN AZ-PHX-Central Phoenix: 100 W Washington St - Phoenix, AZ
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.