About this role:
This role aligns to the Consumer, Small & Business Banking (CSBB) organization, supporting the Branch Systems & Transformation Organization. Branch Systems & Transformation leads the development and execution of all hardware, software platforms, and physical aspects of the National Branch Network, including branches, ATMs, and all banker systems.
The individual will leverage their experience and knowledge of risk management, business functions, products, and services to provide independent, holistic risk leadership and oversight of the business. The organizational design will follow a consistent framework, while allowing customization to meet the needs of the business. In addition to primary accountability for aligned business groups, Senior Lead Risk Officers may be accountable for oversight of other key functions such as business strategy, strategic partnerships, risk policy or programs - and/or CRO initiatives or management functions that cut across the business groups, contribute to CSBB CRO initiatives or advancement of the Wells Fargo CRO execution model.
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The Senior Lead Enterprise Risk Officer will report directly to the CRO for Consumer Data, Analytics, & AI (CDAI), Branch Systems & Transformation (BS&T), Chief Administrative Office (CAO), Chief Marketing Office (CMO) and Diverse Customer Segments (DCS).
In this role, you will:
- Oversee and actively manage risks within the risk appetite approved by the Operating Committee and the Board, oversee the continued refinement and/or development of appropriate controls within the Consumer Small Business Banking segment
- Advise CSBB senior leadership regarding appropriate operations policies and processes leveraging risk management metrics/business scorecard, track performance and monitor trends across the business
- Develop an aggregated holistic view of risks in the CSBB business segment. This includes an understanding across compliance risk, credit risk, operational risk, reputation risk, and strategic risk - both in aggregate and individually
- Identify and escalate risk and control issues to the Business Line CRO and CSBB Chief Risk Officer with transparency, in a timely manner and in accordance with Company policies and procedures.
- Lead the development of the strategic planning process to assess risks within business line; provide credible challenge to CSBB senior leadership
- Completion of emerging risk deep dives and understanding themes and trends across industry and competitor landscape
- Understand the risks within other businesses across the enterprise (i.e. WIM, Consumer Lending, etc.); identify themes and partner with risk stripes to assess and mitigate any potential risks
- Serve as a subject matter expert regarding new policy and guidelines interpretation
- Create risk presentations and present regularly to key stakeholders
- Drive the execution of remediation plans and regulatory commitments, as applicable
- Promote a strong risk management culture and discipline throughout the CSBB
- 7+ years of Risk Management experience (Compliance, Financial Crimes, Operational Risk, Audit, Legal, Credit Risk, Market Risk, IT Systems Security, Business Process Management) or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 7+ years of direct experience in risk management
- Strategic thinker that excels in business and risk acumen
- Broad understanding of various risk types (e.g., credit, operational or compliance risk)
- Knowledge and experience with end-to-end consumer and small business products throughout both the product management and customer life-cycle
- Understanding of channel interaction, segmentation, marketing, cost, and revenue drivers; working knowledge of other consumer products and interdependencies preferred
- Knowledge and experience of Small Business lending and deposit products
- Ability to manage and prioritize multiple initiatives simultaneously while applying critical thinking in describing multiple risks into a single risk landscape
- Ability to develop and manage business relationships while interacting with all levels of an organization; Strong leadership experience
- Advanced Microsoft Office skills
- Excellent verbal, written, and interpersonal communication skills
- Strong analytical skills with high attention to detail and accuracy
- Ability to work in a fast-paced deadline driven environment
- 401 S. Tryon Street - Charlotte, North Carolina
- 1445 Ross Ave - Dallas, Texas
- 1150 W. Washington - Tempe, Arizona
- Ability to work at one of the approved locations in the job posting
- This position currently offers a hybrid work schedule
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
29 Sep 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.