Operational Risk Specialist SLODRCSAIssue ManagementFraud RiskTPRM

About this role:

Wells Fargo is seeking a Operational Risk Specialist

In this role you will:

• Manage the development implementation and monitoring of a risk-based program for a business or large functional area with moderate to high risk to identify assess and mitigate operational risk that arises from inadequate or failed internal processes people systems or external events
• Maintain a balance between risk mitigation and operational efficiency
• Evaluate the adequacy and effectiveness of policies procedures processes systems and internal controls
• Provide operational risk expertise and consulting for projects and initiatives with moderate to high risk
• Analyze business and system changes to determine impact
• Assess operational risk issues and assign risk ratings consistent with established policy standards
• Develop testing strategies and methodologies
• Provide oversight to an operational risk program
• Consult with the business to develop corrective action plans and effectively manage change
• Identify training opportunities
• Design and coordinate the development of training materials and deliver training
• Report findings and draft recommendations to mitigate risk to operational risk and business line management
• Coordinate production of periodic operational risk performance reports for more experienced management including trend research and recommended strategies
• Collaborate and consult with peers colleagues and managers to resolve issues and achieve goals

Required Qualifications:

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

Desired Qualifications:

• University degree in Business or related discipline.

• 2 years of overall experience; 2 years of experience in risk management or Second line of Defense SLOD/RCSA/Issue Management/Fraud Risk/TPRM

• Advanced Microsoft Office skills

• Excellent verbal written and interpersonal communication skills

• Strong analytical skills with high attention to detail and accuracy

• Ability to articulate complex concepts in a clear manner

• Meaningful knowledge across Enterprise Risk Management framework including: risk identification risk appetite and strategy risk-related decisions processes and controls risk analytics and governance

• Deep technical understanding of specific business operations processes products and customer interactions and where they manifest risk (e.g. Corporate & Investment Banking/ Commercial Banking/ Consumer Lending/ Consumer & Small Business Banking/ Wealth & Investment Management/Enterprise Functions)

• Strong interpersonal influencing and communications skills with an ability to interact effectively with stakeholders at all levels experience and the ability to effectively manage and build relationships

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

• Industry certification such as CIA/ CFSA/ CFA/ CISA/ CRISC would be an advantage

Job Expectations:

• Use subject matter expertise and business domain knowledge to provide independent oversight and credible challenge to front line operational risk management activities

• Support routine engagement requirements for/with the Control Executive teams Function Heads and Independent Risk leaders to promote a strong operational risk culture

• Support key front line governance routines inclusive of Risk & Control committees and business reviews

• Oversee and challenge the front line across all operational risk routines including plan identify and assess control and mitigate test and validate monitor and report

• Perform independent risk assessment of the front line inclusive of emerging risks

• Review and challenge of front line risk acceptances and new business initiatives

• Identify and escalate to senior leadership conflicts with risk management results and expected business outcomes

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

• Provide consulting to business on corrective action plans and effectively managing change

• Develop and deliver content to senior business Independent Risk Audit and Regulatory leaders summarizing the results of the independent risk assessment activities

• Assist manage relationships with Business Head Independent Risk Management Group Control Executives Legal Audit and multiple Regulators

• May lead project/ virtual teams and may mentor but does not manage other team members.

• Engage with other region and US-based Operational Risk Business Oversight (ORBO) teams to ensure holistic oversight of the end to end business is achieved.

Posting End Date:

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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 units risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates including women persons with disabilities aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process visitDisability 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.