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About this role:

Wells Fargo is seeking a Senior Lead Operational Risk Officer in Operational Risk Management as part of the Finance & Financial Reporting Risk Oversight group. Learn more about the career areas and lines of business at wellsfargojobs.com .

In this role, you will:

The Operational Risk Business Oversight (ORBO) Senior Lead Operational Risk Officer role is responsible for the independent oversight of front-line operational risk management effectiveness of the Finance organization. This role is expected to engage with business and risk resources within the front line to influence and challenge risk management activities and decisions. Operational risk is the risk resulting from inadequate or failed internal controls and processes, people, systems, or external events. Operational risk is inherent in all Wells Fargo products and services as it often arises in the presence of other risk types.

This role will assist the business oversight leader with all matters pertaining to Operational Risk coverage and oversight of the Treasury and Investment Portfolio functions in the Finance organization. The role reviews and challenges significant Front Line operational risk program execution, including, but not limited to, financial reporting risk, data risk, technology risk, business continuity, payments, information risk management, safety and physical security, transaction processing and execution, third-party risk management, and various risk assessment policies and programs. The risk professional in this role will be accountable for developing an understanding of the Finance functions, products, services, and relevant industry issues.

Specific responsibilities will include, but not be limited to, the following:

• Oversee and challenge the Treasury and Investment Portfolio function across all aspects of the risk management life cycle (plan, identify and assess, control, monitor and report, test and validate).

• Perform independent risk assessment of the Treasury and Investment Portfolio function, including Financial Reporting Risk.

• Use subject matter expertise and industry knowledge to provide independent oversight and credible challenge to Finance's operational risk management activities.

• Engage with Finance leadership, Control Executive, Business Management, and CRO teams to promote a strong operational risk culture.

• Actively engage in key Finance risk governance routines including strategic planning sessions, governance committees and business reviews.

• Identify and escalate conflicts with risk management results and expected business outcomes.

• Influence appropriate risk management prioritization by the front line to enable Finance to meet strategic objectives, while meeting operational risk program expectations.

• Evaluate cross-program and cross-group analytics to identify opportunities and best practices to influence stronger risk management.

• Active engagement with Independent Risk Management teams supporting various risk types to ensure appropriate alignment and prioritization.

• Develop and deliver oversight content summarizing the results of the independent risk assessment activities.

• Provide a business-centric view to IRM risk programs as needed.

• Engage with businesses, as appropriate, to effect changes to the operational risk program.

• Partner with both internal and external stakeholders, including resources from all three lines of defense.

Required Qualifications:

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

Desired Qualifications:

• 10+ years of experience in risk management (includes compliance, operational risk, audit, credit risk, market risk, liquidity risk, interest rate risk) or 10+ years of financial services industry experience

• Strong understanding of the Treasury and Investment Portfolio functions in Finance (e.g. Capital Management, Liquidity Risk Management, Balance Sheet Management, Global Funding, Interest Rate Risk Management), business operations, processes, products, data and reporting needs for these functions where operational risk may manifest

• Meaningful knowledge of the enterprise risk management framework, including risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance

• Finance or Finance Risk Management certifications

• Proven leadership skills to drive alignment across stakeholder groups to develop and deliver repeatable end to end risk management solutions

• Articulate and possess a demonstrated capability to organize, scope, and execute complex initiatives across a complex, heavily matrixed corporate environment

• Strong interpersonal, influencing, leadership and communications skills with an ability to interact effectively with stakeholders across the organization, which includes virtual, matrixed leadership experience

• Strong strategic and conceptual thinking skills

Job Expectations:

• Ability to travel up to 20% of the time

• This position offers a hybrid work schedule

Work Locations:

• 401 S Tryon St - Charlotte, NC

• 600 S 4th St - Minneapolis, MN

• 800 S Jordan Creek Pkwy - West Des Moines, IA

• 250 E John Carpenter Frwy - Irving, TX

• 1150 W Washington St - Tempe, AZ

Pay Range

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

$144,400.00 - $300,000.00

Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• Health benefits

• 401(k) Plan

• Paid time off

• Disability benefits

• Life insurance, critical illness insurance, and accident insurance

• Parental leave

• Critical caregiving leave

• Discounts and savings

• Commuter benefits

• Tuition reimbursement

• Scholarships for dependent children

• Adoption reimbursement

Posting End Date:

27 Oct 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.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

Company: WELLS FARGO BANK

Req Number: R-407777-1

Updated: Tue Oct 22 00:39:42 UTC 2024

Location: CHARLOTTE,North Carolina