Operational Risk Officer

Company: Wells Fargo
Location: Irving
Posted on: January 15, 2022

Job Description:

Job DescriptionImportant Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. -In order to receive text message invitations, your profile must include a mobile phone number designated as "Personal Cell" or "Cellular" in the contact information of your application. -At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.As the company's second line of defense, Corporate Risk - or Independent Risk Management - provides independent oversight of risk-taking activities. Independent Risk Management establishes and maintains Wells Fargo's risk management program and provides oversight, including challenges to and independent assessment of, the frontline's execution of its risk management responsibilities. We manage risk according to the Risk Management Framework and ensure all employees understand their individual accountability for managing risk. Corporate Risk roles depend on a variety of skills, including: Data analysis and synthesis, root cause analysis, change management, process management & execution, risk governance, risk strategy, risk identification & assessment, risk prevention, controls & mitigation, risk monitoring, reporting & escalation, risk systems & technology.The Corporate Risk Finance and Financial Risk Oversight Risk Officer role is responsible for the independent oversight of the Finance organization's operational risk management effectiveness. 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 independent Operational Risk coverage and oversight. 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, key risks, controls and relevant industry issues. -Specific responsibilities include but not limited to:

• Oversee and challenge the Finance function across all aspects of operational risk management life cycle (plan, identify and assess, control, monitor and report, test and validate).
• Perform independent risk assessment of the Finance 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 Control Executive teams, Business Management and Independent Risk teams to promote a strong operational risk culture.
• Actively engage in key Finance risk governance routines including risk identification and assessment, issue management, 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 IRM 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.
• Partner with both internal and external stakeholders, including resources from all three lines of defense.
• 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 experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) or 7+ years of financial services industry experience, of which 5+ years must include direct experience in risk managementDesired Qualifications
    • Ability to interact with all levels of an organization
    • Strong strategic and conceptual thinking skills
    • Ability to articulate complex concepts in a clear manner
    • Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
    • Ability to interact with integrity and a high level of professionalism with all levels of team members and managementOther Desired Qualifications
      • Experience in building or evaluating Operational Risk Management Programs (e.g., ERIA, IORA, Issue Management, etc.)
      • Experience in the COSO Framework and SOX Compliance
      • Strong understanding of the Finance functions (Controller, Financial & Regulatory Reporting, Treasury, Business Finance) business operations, processes, and products where they manifest operational risk.
      • 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 data and analytical skills with high attention to detail and accuracy.
      • Ability to communicate effectively, in both written and verbal formats, with senior level leaders
      • Experience providing reporting and updates to senior-level management
      • Proven leadership skills to drive alignment across stakeholder groups to develop and deliver repeatable end to end risk management solutions.
      • Meaningful knowledge of the enterprise risk management frameworks, including risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance.
      • Finance or Accounting Degree -
      • Experience working with issue management tools to track and monitor issue and remediationJob Expectations
        • Ability to travel up to 10% of the timeStreet AddressMN-Minneapolis: 600 S 4th St - Minneapolis, MNNC-Charlotte: 401 S Tryon St - Charlotte, NCTX-Irving: 5000 Riverside Drive - Irving, TXIA-West Des Moines: 7001 Westown Pkwy - West Des Moines, IAAZ-Tempe: 1150 W Washington St - Tempe, AZMO-Saint Louis: 1 N Jefferson Ave - Saint Louis, MODisclaimer
          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.Benefits SummaryBenefits -Visit -for benefits information.

Keywords: Wells Fargo, Irving , Operational Risk Officer, Accounting, Auditing , Irving, Texas