Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Market Job Description
This position will support the WFBI Head of Operational Risk and wider WFBI Operational Risk team for all day-to-day Operational Risk activities; developing, implementing monitoring of operational risk based programs across WFBI and operating as a partner / sounding board for the front line risk teams / senior management.
Responsibilities will include the identification, assessment, measuring, monitoring and mitigation of all operational risk that arise from inadequate or failed internal processes, controls, people, systems or external events, while maintaining a balance between risk mitigation and operational efficiency.
This position, under the leadership of the WFBI Head of Operational Risk, will also work closely with the EMEA Operational Risk team to ensure appropriate implementation of regional initiatives where appropriate/relevant
Delivery of Operational Risk Framework components across WFBI within agreed timelines, including, but not limited to:
Governance and Reporting
New business initiative and change/remediation project risk assessment
Development and delivery of Corporate Risk Management Programs for WFBI supporting the following drivers of Operational Risk:
Third Party Risk
Business Continuity Risk
Information Security Risk
Human Capital Risk
External Fraud Risk
Data Management Risk
Financial reporting Risk
Information Management Risk
Fiduciary and Investment Risk
Safety and Physical Security Risk
Transaction Processing and Execution Risk
Contribute to development, implementation and monitoring risk based programs to identify, assess and mitigate any operational risk that arises within WFBI in line with EMEA regional approach where appropriate/relevant.
Continual development of the IRM component of the WFBI Risk Control Self-Assessment (RCSA) and Business Process Risk Management program (BPRM); providing oversight and credible challenge to Lines of Business and Support Functions by ensuring risk identification and control effectiveness are assessed, measured, monitored and reported on an ongoing basis.
Assess all Operational Risk Incidents pertinent to WFBI and provide appropriate review and challenge. Work with business partners to identify risk mitigation plans, considering wider impact on the EMEA region where appropriate/relevant.
Manage self-disclosure of risks and proactively monitor Shared Risk Platform issues and corrective actions impacting WFBI to ensure that progress is being made, information is updated in the system, closure of issues are appropriately verified and items of concern are escalated in line with procedures.
Development and analysis of Key Risk Indicators, and Statement of Risk Appetite metrics for WFBI Operational Risk in line with EMEA regional approach where appropriate/relevant.
Support the Lines of Business and Support Functions in developing a clear understanding of their operational risk profiles and subsequent responsibilities. Provision of operational risk support, advice and guidance to ensure appropriate operating procedures and controls are in place across WFBI.
Maintain internal control standards, including timely resolution of internal and external audit points and any issues raised by regulators relating to WFBI .
Support the operation of the WFBI risk governance structures as part of the EMEA regional risk governance structures, providing relevant, accurate and timely management reporting and present at appropriate governance fora.
Provide accurate and timely responses to address regulatory requests.
Provide cross training to support depth of coverage within WFBI Operational Risk team and where required the EMEA OR team.
Develop and deliver training around lessons learned from internal and external events.
Market Skills and Certifications
Extensive experience in all aspects of operational risk within Wholesale Banking and Finance industry.
Experience of leading and delivering Operational Risk Programs.
Knowledge of lending operations and operating models.
Extensive experience in delivering Operational Risk identification/assessments (RSCA and Basel III) and the identification and setting of risk indicators.
Knowledge of operational risk methodologies.
Strong commercial awareness of the financial drivers and risk activities of a banking services operation.
Demonstrated ability to build partnering relationships across the company at all levels (persuasive, good listener and assimilator of ideas and perspectives).
Excellent analytical skills, with the ability to identify problems and develop solutions.
Proven interpersonal, organisational and communication skills.
Ability to work effectively with change.
Relevant business/accounting degree or equivalent.
Operational Risk qualification a plus.
We Value Diversity
At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.
Team members 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.
Internal Number: 53782BR
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
www.wellsfargo.com | Twitter: @WellsFargo