Job Title: Lead Operational Risk officer.
Corporate Title: Vice President
Role Type: Individual Contributor
About this role:
Wells Fargo is seeking a Lead Operational Risk Officer
In this role, you will:
The selected candidate will focus on following responsibilities/duties -
- Conduct independent risk management reviews and identify control expectations
- Identify operational risk issues and assign risk ratings consistent with established policies and standards.
- Evaluate the adequacy and effectiveness of applicable policies, procedures, processes, systems and internal controls.
- Perform gap analysis on policy requirements aligned to business processes.
- Develop, implement, and support an effective control review and challenge process to provide transparency, accountability and escalation of control effectiveness.
- Consult with frontline partners and other independent risk management teams to open issues related to control failures.
- Validate/evaluate appropriateness, completeness, effectiveness and sustainability of corrective actions taken to address situations defined as issues.
- Review for consistency and thoroughness and suggest improvements
- Provide leadership and guidance to impacted stakeholders around control framework requirements aligned to business control implementation.
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- 15+ years of experience in risk assessment, independent risk management, control evaluation, risk reporting and issue management on various risk type including business processes, of which 5+ years must include direct experience in risk management demonstrated through work.
- Industry recognized certification such as CISM/ CISA / CRISC / CISSP.
- Advanced Microsoft Office skills.
- Ability to challenge for material areas of improvement and articulate risk impact.
- 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 and present complex material in a digestible, consumable manner to all levels of management.
- Ability to work in a dynamic environment and adjust to changing priorities.
- Proven experience with managing risk and issues.
- Highly proactive, able to work both independently and within a collaborative team-oriented environment using sound judgment in decision-making.
- Demonstrated ability to work effectively with virtual and/or geographically dispersed teams.
Independent Risk Management (IRM) function within the Corporate Risk Group is accountable for Operational risk oversight of the front lines: Wells Fargo India & Philippine Legal entity, and oversight across the various risk types.
Roles and Responsibilities include:
• Perform activities required under the Wells Fargo Operational Risk Program Policy and related policies and procedures
• Review and challenge adequacy and efficiency of the front-line controls
• Create reports and memos communicating oversight results
• Support responses to internal testing, audits or regulatory examinations as needed
• Demonstrate effective collaboration via knowledge sharing, cross risk reviews, joint business connects, and adopting One-IRM mindset
• Conduct independent risk management reviews and identify control expectations within business processes
• Perform gap analysis on policy requirements
• Validate/evaluate appropriateness, completeness, effectiveness and sustainability of corrective actions taken to address situations defined as issues.
• Experience developing risk metrics and trending reports.
• Ability to synthesize data from a variety of sources and deliver results quickly.
Posting End Date:
30 May 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.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
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.