Apr 02, 2020
Job Description 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. We focus on three key risk areas: credit risk, operational risk and market risk. We help our management and Board of Directors identify and monitor risks that may affect multiple lines of business, and take appropriate action when business activities exceed the risk tolerance of the company. Independent Risk Management (IRM) establishes, implements, and maintains the Company's Risk Management Program under the direction of the Risk Committee and senior management. IRM is accountable for independently overseeing the identification, measurement, assessment, monitoring, aggregation, and reporting on all risks for the Enterprise. IRM also oversees the Front Line's execution of its risk management responsibilities and independently and credibly challenges Front Line risk decisions. IRM may also approve any risk-taking activity that exceeds the Front Line Group's authority. In addition to the risk management responsibilities discussed above, Independent Risk Management (IRM) develops and reviews company-wide risk governance documents and monitors compliance with such documents. IRM considers statutes, regulations, and regulatory guidance when developing risk governance documents. IRM also monitors compliance with company-wide risk appetite thresholds and limits. The Operational Risk Group is responsible for independently overseeing the management of operational risk exposures (including monitoring and reporting on aggregate operational risk exposures across groups, legal entities, geographies, and jurisdictions) and the quality of operational risk management practices across the company. More specifically, the Operational Risk Group's responsibilities include: Developing, maintaining, and ensuring adherence to enterprise-wide operational risk frameworks, policies, and procedures that are aligned with Board-approved risk appetite statements. Providing subject matter expertise, advising on risk management best practices, conducting analysis, and communicating with groups and lines of business in order to oversee and support the front line in implementing the requisite controls, processes, and systems to comply with corporate operational risk frameworks, policies, and procedures. Independently evaluating group and line-of-business compliance with corporate level frameworks, policies, and procedures. Credibly challenging management's decisions, business processes, and activities. Escalating operational risk concerns and issues (including breaches and near-breaches of relevant risk appetite tolerances and limits) to senior management and the Board, as appropriate. The Operational Risk team, as part of the Independent Risk Management function, is responsible for governance, oversight, and credibly challenging operational risk exposures and risk management practices through monitoring, analyzing and developing standards for remediating risk that arises from inadequate or failed internal processes, people, systems or external events, while maintaining a balance between risk mitigation and operational efficiency. Provides operational risk expertise and consulting to complex business units for initiatives with high risk, generally spanning multiple business lines. Identifies operational risk issues and may participate in development of risk ratings. Designs and developscomplex testing strategies, methodologies and analyses. Evaluates the adequacy and effectiveness of policies, procedures, processes, systems and internal controls. Analyzes complex business and/or system changes to determine impact. Provides consulting to business on corrective action plans and effectively managing change. Reports findings and develops business cases to influence executive management or management committee member/head of business on the need for controls to mitigate risk. Identifies training opportunities. Designs, develops and delivers training. Leads implementation of initiatives with moderate to high risk. Internal collaboration with business for oversight of risk management. May interface with Audit, Legal, external agencies, and regulatory bodies on risk related topics. May lead project/virtual teams and may mentor but does not manage other team members. This role will be administratively strong: assisting with the buildout and maintenance of risk appetite programs; proficient in translating high level priorities into low level detail and actions; strategically insightful; skilled in satisfying key objectives under tight timelines; and collaborative across a broad audience of individuals at both the senior and junior level including the Chief Operational Risk Officer, Operational Risk Group Leadership, Control Executives and Audit. The candidate must be willing to operate in an environment of change and be flexible as the operational risk reporting team continues to evolve. ** The locations that will be considered will be: 299 S Main St Floor 06 Salt Lake City, UT 84111-2263 2202 W Rose Garden Ln 2nd Floor Phoenix, AZ 85027-2643 3579 Atlanta Ave 3rd Floor Atlanta, GA 30354-1705 1 Home Campus 1st Floor Des Moines, IA 50328-0001 Required Qualifications 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 Desired Qualifications Advanced Microsoft Office skills Excellent verbal, written, and interpersonal communication skills Strong analytical skills with high attention to detail and accuracy Ability to interact with all levels of an organization Tableau experience Ability to articulate complex concepts in a clear manner Other Desired Qualifications The ideal candidate will present the following skills and experience: Knowledge of Wells Fargo Systems and Operational Risk systems a plus Skilled in operations administration (Process improvement, Strategic planning and development, Performance measures, Policy Documentation, Executive Summary reports ) Analytics experience Experience with conducting risk assessments, assessing the adequacy of policies, procedures, processes, and compliance and operational controls. Prior experience with Compliance/Operational Risk Metric Development and Analysis Knowledge and experience with operational risk requirements Experience working with operational risk indicators and risk metrics Experience and ability to successfully partner with a diverse and geographically dispersed team Proven experience in building partnerships, collaborating and influencing at senior levels and across lines of business as well as with corporate partners Proven independent risk management experience including effectively developing and implementing risk management frameworks and policies, oversight and challenge of front-line risk, operational risk aggregation Strong understanding of regulatory environments and expectations related to risk metrics Proven experience quantifying and assessing risks, developing alternative solutions and translating information into a concise, meaningful summary for multiple audiences Self-motivated and able to adapt to dynamic work environment with multiple priorities and strict timeliness Proven ability to develop and articulate sound proposals to key stakeholders, including ability to influence and drive timely decision making Ability to translate ambiguous ideas/issues into well-defined plans/solutions Ability to anticipate and ask the right questions to assess all facets of an effort Oversight experience from the 2nd line of defense Job Expectations Ability to travel up to 10% of the time Street Address NC-Charlotte: 128 South Tryon Street - Charlotte, NC UT-Salt Lake City: 299 S Main St - Salt Lake City, UT AZ-PHX-Northwest Phoenix: 2202 W Rose Garden Ln - Phoenix, AZ GA-Atlanta: 3579 Atlanta Ave - Atlanta, GA Disclaimer 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.
Atlanta, GA, USA