Operational Risk Consultant 4

Job Description

You've got the passion. You've got the skills. Now you just need the right opportunity. At Wells Fargo, you'll have the chance to join a team of intelligent and talented people who share the same values. Our diverse lines of business offer a world of opportunity to expand your capabilities and advance your career. We invest in our people and provide a supportive environment in which to learn and grow.

Wells Fargo & Company (NYSE: WFC) is a nationwide, diversified financial services company with $1.7 trillion in assets. Founded in 1852, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 9,000 locations, more than 12,500 ATMs, online (wellsfargo.com), and mobile devices. Wells Fargo has more than 265,000 team members in 36 countries across our approximately 90 businesses.

Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk areas, including credit risk, operational risk, market risk, reputation risk, and compliance risk.

Corporate Risk strives to ensure that all Wells Fargo corporate functions and lines of business soundly manage risk, comply with applicable laws and regulations, and offer products and services that meet the needs of our customers.

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.

The successful candidate will provide operational support for the Operational Risk Model Owners and COE-Operational Risk Modeling and Quantification team (ORMQ). The ORC-4 function will focus on Model Risk Management Policy and Governance, Project Management, Change Management, and Governance & Oversight requirements in support of the respective deliverables for Basel II and Comprehensive Capital Assessment Review (CCAR) Analytic Models.

The individual in this role will actively engage with team members, internal partners, and stakeholders: Corporate Model Risk Group (CMoR), CERG/ORCO, G&O, Wells Fargo Audit Services (WFAS), Treasury, Financial Planning & Analysis (FP&A), as well as various Regulatory agencies to understand engagement protocols, requirements and find appropriate solutions.

This position supports the production processing for Capital Quantification and CCAR Stress Testing.

Key Responsibilities:

  • Lead various project and document change management efforts
  • Create and manage detailed project plans for project execution
  • Synthesize information from various internal and external sources to help facilitate the resolution of complex problems with limited guidance
  • Consistently demonstrate a team approach and apply appropriate judgment to evaluate alternative solutions
  • Assess the Production Support framework to identify gaps, provide recommendations for process enhancements, and remediate issues
  • Facilitate issue management (planning, develop, document, validation, implement, and ongoing monitoring)
  • Draft documentary evidence and conduct review of artifacts (e.g., process documents, standards and policies, service level agreements, data and process flows, control inventories) that will be rigorously evaluated by internal oversight groups and by multiple Regulatory agencies to determine compliance
  • Conduct various quality and process control activities
  • Serve as subject matter expert for G&O requirements and deliverables

Required Qualifications

  • 6+ years of experience in compliance, operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk), or a combination of both; or 6+ years of IT systems security, business process management or financial services industry experience, of which 3+ years must include direct experience in compliance, operational risk management, or a combination of both
  • A BS/BA degree or higher

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
  • Ability to execute in a fast paced, high demand, environment while balancing multiple priorities
  • Project Management Professional (PMP)
  • Outstanding problem solving and decision making skills
  • SharePoint experience

Other Desired Qualifications

  • 6+ years of project management experience, utilizing PM industry approved methodologies
  • Knowledge and understanding of Basel, CCAR, Model Validation concepts, and basic/general statistical concepts
  • Experience preparing documentary evidence and written responses for internal and external auditors and regulatory examiners
  • Strong competencies in assessing the adequacy of governance, risk and compliance processes such as policies, standards, operational controls, procedures, and risk management concepts.
  • Demonstrated experience with writing process documents and business requirements.
  • Ability to research, analyze, document, and present organizational metrics that drive business decisions
  • Demonstrated experience working with cross functional teams to develop and document new processes


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.


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