Operational Risk Manager - Senior Lead Control Management Officer

About this role:

Wells Fargo is seeking an Operational Risk Manager/Senior Lead Control Management Officer as part of the Corporate & Investment Banking (CIB) Banking Control organization which is responsible for providing risk and control leadership and expertise across the CIB Banking business. CIB Banking is the relationship management and market development function for Wells Fargo’s Corporate and Investment Bank that is focused on service to multi-national corporate and institutional clients. The business is comprised of industry sector-specialized teams of corporate bankers, investment bankers, and credit portfolio managers; as well as product-specialized debt capital markets (DCM), equity capital markets (ECM), and merger and acquisition (M&A) investment banking teams.

In this role, you will:

Assist the Banking lines of business (LOBs) in executing their responsibilities emanating from risk, control and compliance (RCC) programs and related initiatives according to applicable policies, procedures and regulatory requirements. The successful candidate is responsible for partnering with team members from the first, second and third lines of defense across the organization to implement and execute all aspects of enterprise-wide and CIB RCC programs and initiatives from start to completion. Specific responsibilities include:

• Establishing and cultivating strong relationships across the organization serving as a point of contact for all RCC activities related to their assigned risk assessable units (RAUs). This includes coordinating the activities of teams with ancillary responsibilities for the RAU (e.g. Evidence Based Control Evaluation [EBCE], Independent Testing and Validation [IT&V], Operational Risk Business Oversight [ORBO], Compliance, Audit and others).

• Leading execution of RCC programs using risk management, control, process and business expertise; ensuring risks are monitored and mitigated appropriately, our businesses remain within regulatory rules and guidelines and risk management information is current, correct and useful for informed decision-making.

• Using cultivated partnerships and relationships to provide connectivity and consistency across risk programs and lines of business and functions.

• Collaborating closely and influencing team members in mitigating risks via providing expertise on 1) Remediating control deficiencies including designing action plans and root cause analysis; 2) engaging in the development and implementation of new controls and; 3) designing effective means of control monitoring and measurement.

• Identifying and analyzing emerging risks impacting the RAU including internal and external operational risk events (OREs).

• Determining the impact of “trigger events” (AKA “business environmental changes”) and coordinating appropriate responses; drive updates of all related systems, data and information.

• Ensuring systems of record are accurate according to current risk management guidelines.

• Identifying and remediating “data hygiene” issues ensuring all related risk, control and compliance data is accurate and of sufficient quality to be useful in making decisions.

• Developing, maintaining, monitoring and reporting on risk measures, metrics and risk appetite.

• Collaborating on follow up and resolution of all issues, inquiries and challenges emanating from EBCE, ORBO, IT&V, audit, regulatory and compliance testing and review activities; incorporate results of internal and external review activities into risk and control assessments.

• Coordinating activities across risk capabilities and acting as a seine and funnel to ensure data is appropriately analyzed and augmented, reaching the appropriate destination as meaningful information.

• Providing risk management consulting to support the business in designing and implementing risk mitigation strategies, business processes, and business controls.

• Leading and assisting on other programs as necessary e.g. new business initiatives, enterprise risk identification and assessment (ERIA), issues and exam management and policy/compliance changes.

• Escalating issues and problems expediently and presenting risk initiatives results and other topics to the CIB Banking Risk Committee and other leadership forums as necessary.

• Leading execution and implementation of changes to risk programs, risk profiles, policies, procedures and other governing documents and processes.

Required Qualifications:

• 7+ years of Risk Management or Financial Services Industry experience, or equivalent experience demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Working knowledge of Corporate & Investment Banking businesses, products and services, and relevant risks and controls.

• Working knowledge of Wells Fargo’s governance frameworks including risk management framework concepts and policies across risk types.

• Self-starter with the ability to take initiative and work independently with minimal supervision in a structured environment.

• Advanced Microsoft Office (Excel and PowerPoint) skills with the ability to conceptualize, develop, and deliver quality analysis and actionable information to senior level executives.

• Knowledge and understanding of Wells Fargo risk applications e.g. Shared Risk Platform (SHRP) and Service Now (SNOW)

• Knowledge and understanding of internal controls and internal control policy.

• Experience with RCSA, risk/control identification and assessment, and enterprise risk frameworks.

• Ability to identify inefficiencies and opportunities to streamline processes and influence change.

• Ability to synthesize data and/or observations from a variety of, often disparate and unconnected sources, deliver succinct summaries (both verbal and written), and enact responses quickly.

• Proven experience in providing executive-level reporting packages that deliver succinct, actionable information.

• Experience in facilitating virtual discussions that require consensus and commitment across disparate team members and programs who may often have different and sometimes competing agendas.

• Exceptional interpersonal and relationship building skills to effectively influence all organizational and leadership levels, where flexibility, collaboration, and adaptability are a must.

• Highly organized and proactive with demonstrated ability to assess, exercise independent judgment, apply prudent risk management principles, prioritize work to meet deadlines, proactively escalate when necessary and work under pressure in a fast paced and complex environment.

• Ability to be flexible and adjust plans quickly to adapt to changing business needs.

• Hands on style; proven ability to structure tasks or projects, execute and achieve targeted results and develop and manage associated goals and plans.

• Intellectual curiosity with proven ability to learn quickly through others as well as to conduct their own research and analysis.

• Ethical integrity and demonstrated ability to exercise independent judgment and apply prudent risk mitigation principles.

• Strong analytical skills with high attention to detail and accuracy used to identify, assess and confidently raise risks and issues, escalate early, and independently engage in constructive credible challenge.

Pay Range

$144,400.00 - $300,000.00

Posting End Date:

9 Jun 2024

*Job posting may come down early due to volume of applicants.

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, status as a protected veteran, or any other legally protected characteristic.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

 

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.