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 .
This role will assist the Finance and Financial Reporting Risk Oversight (FFRRO) leader with all matters pertaining to independent Operational Risk coverage and oversight. This role is specifically aligned to the FFRRO Shared Services team and will assist in leading and coordinating key execution routines, risk programs, and strategic initiatives. The role is also responsible for governance, oversight, and credibly challenging operational risk exposures and risk management practices through monitoring, analyzing, and developing standards for remediating risk that arises from inadequate or failed internal processes, people, systems, or external events.
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In this role, you will:
- Oversee and challenge the Finance function across all aspects of the risk management life cycle (plan, identify and assess, control, monitor and report, test and validate).
- Coordinate critical administrative activities associated with the Finance Operational Risk Business Oversight and Financial Reporting Risk Oversight functions.
- Facilitate leadership meetings, management routines, reviews and initiatives required for successful execution.
- Coordinate operational risk executive reporting for Finance Operational Risk Business Oversight and Financial Reporting Risk Oversight.
- Engage with Control Executive teams, Business Management and Independent Risk teams to promote a strong operational risk culture.
- 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 risk 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.
- Drive team onboarding program to ensure appropriate orientation and training resources are available for new hires.
- 7+ years of Operational Risk experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Proven leadership skills to influence change and drive alignment across all levels of stakeholders to develop and deliver repeatable end-to-end risk management solutions.
- Strong executive communication skills, in both written and verbal formats.
- Meaningful knowledge of the enterprise risk management frameworks and the ORM Methodology, including risk identification, risk appetite and strategy, processes and controls, risk analytics and governance, ORM execution and monitoring routines, and risk management programs.
- Understanding of the Finance functions (Controller, Treasury, Business Finance, Financial/Regulatory Reporting) business operations, processes, and products where they manifest risk.
- Ability to rationalize operations to drive efficiency.
- Strong strategic and conceptual thinking skills.
- Strong project management experience.
- Ability to interact effectively with all levels of an organization.
- Data and analytical skills with attention to detail and accuracy.
- Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills.
- This position offers a hybrid work schedule
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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
4 Nov 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.