Operational Risk Consultant - WIM ICC Control Self Assurance
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.
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Wealth and Investment Management (WIM) businesses build enduring client relationships through sound, thoughtful and objective advice. We help our clients by developing individualized plans for everything from retirement goals to business succession planning, to family legacy intentions. Services include comprehensive planning and advice, investment management, brokerage, private banking, estate planning strategies, trust, and both individual and institutional retirement.
The Investment Contact Center (ICC) Control team has a new opportunity for an experienced Operational Risk Consultant (ORC). As part of a team, this Operational Risk Consultant 4 will play a significant role in executing and administering the Frontline Self Assurance (FLSA) program for the ICC. This individual will perform monitoring and validation reviews to ensure the business line self-assurance activities (SAAs) are designed and executed in adherence with the governing WIM Frontline Self Assurance (FLSA) Program and the overarching Wells Fargo Self Assurance Activities Policy and assist in the oversight and maintenance of a central inventory of the ICC SAAs, including developing and executing change management protocols. As a result, this role will interact and work cross-functionally with teams embedded in the underlying ICC business lines and also serve as the central point of contact between the business lines and the WIM FLSA Program office. Additionally, this individual will assist in designing and conducting monthly performance reporting that reflects the results of self-assurance activities executed throughout the underlying businesses.
The Operational Risk Consultant 4 is a collaborative individual contributor role. The Consultant will initiate action and manage multiple concurrent deliverables without sacrificing quality or deadlines. Specifically, the Consultant will:
- Serve as liaison between business line partners responsible for managing SAA programs and/or executing SAA processes and the WIM FLSA Program
- Provide SAA subject-matter expertise to underlying business lines and ensure LOB activities are in compliance with governing requirements
- Ensure triggers for SAA development or enhancements/revisions are integrated with the ICC control team activities and executed appropriately
- Develop and execute effective oversight monitoring routines for SAA results reviews and SAA activity reports/results; escalate defects or significant trends
- Monitor business line SAA implementation and/or SAA remediation activities and consult with the WIM FLSA Program on the effective design and execution of SAAs
- Assist with the development and execution of key metrics and program performance reporting
- Facilitate and obtain periodic attestations by the SAA owners within the business confirming compliance with Policy requirements; as well as completeness and accuracy of the SAA inventory
- Developing, implementing and monitoring risk-based programs to identify, assess and mitigate any operational risk that arises from inadequate or failed internal processes, people, systems or external events
- Performing risk assessments to identify, assess and mitigate risks across business lines and risk domains across multiple risk categories (i.e. investment, operational, strategic, reputational, regulatory risks).
- Designing and executing control testing
- 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
- 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
Other Desired Qualifications
- Experience creating, executing, and documenting compliance/control testing
- Knowledge and understanding of financial services industry: compliance, risk management, or audit operations
- Experience creating reports in response to management, audit, or regulatory requirements
- Strong organizational, multi-tasking, and prioritizing skills
- Experience developing, implementing, and monitoring a risk-based program to assure compliance with governing requirements or providing oversight to a risk program function
- Experience working in or closely with Wealth and Investment Management lines of business (or external equivalents) sufficient to demonstrate a working knowledge of their products/services, key processes/systems, and organizational structure
- Experience implementing the Self Assurance Activities Policy or designing, implementing, or executing self-assurance activities and/or testing programs
- Strong project management and execution skills, including the ability to manage multiple engagements simultaneously while delivering all commitments on time and with high quality
- Experience developing and maintaining a risk program framework, and proven expertise applying governing requirements when meeting objectives
- Strong technical knowledge of risk management frameworks and principles, internal control design objectives, audit/testing/quality assurance methodologies
- Experience with the Issues Management, Risk and Control Self-Assessment (RCSA) and Review Activities modules in Shared Risk Platform (SHRP)
- Professional risk management designation preferred, e.g. CRCM, ACAMS, CIA
- Ability to develop pertinent reporting and analytics to help in understanding and aiding in the development of solutions for complex risk and control issues
- Ability to identify root cause of identified issues and evaluate potential mitigation plans
- Ability to travel up to 10% of the time
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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