Job Description

Job Description
Important 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 want to satisfy our customers financial needs and help them succeed financially. Were looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where youll feel valued and inspired to contribute your unique skills and experience.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk. The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.

The Business Risk & Control Officer is part of the Business Risk and Control Team, supporting the Credit, Market, Counterparty Risk and Enterprise Finance CRO Groups while reporting to the Business Risk & Control Manager. The Business Risk and Control team is responsible for partnering with the relevant business group to identify, assess, manage and mitigate current and emerging risk exposures associated with their activities and operations. The Business Risk & Control Officer is responsible for monitoring and reporting on the impact of decisions and controls to the relevant business group and enterprise function and supporting interpretation of policy, guidelines, and governance programs as the front line liaison to Independent Risk Management leaders for moderate to high risk and complex enterprise risk programs.

Specific Responsibilities:

* Consults and provides guidance to Credit, Market and Counterparty Risk groups on the development, implementation, and monitoring of complex business-specific programs to identify, assess, and mitigate risk.
* Consults and supports interpretation of policy, guidelines, and governance programs as the front line liaison to Independent Risk Management leaders for moderate to high risk and complex enterprise risk programs.
* Provides a high level of risk management acumen to support the business in designing and implementing risk mitigation strategies, business processes and controls that mitigate risks and address regulatory requirements.
* Develops and implements risk monitoring and risk reporting processes and controls.
* Monitors and reports on risk concentration, current and emerging risk, and risk appetite.
* Aggregates, evaluates, reports on results and escalates where necessary.
* Designs and executes the control effectiveness assurance program for Front Line-owned controls.
* Leads implementation of initiatives with moderate to high risk.
* Collaborates internally with business regarding risk management of business-specific risk programs.
* May interface with Audit, Legal, external agencies, and regulatory bodies regarding risk management of business-specific risk programs.
* May lead project/virtual teams and may mentor but does not manage other team members.
* Advise aligned group on Risk and Control Self Assessments (RCSA)/Integrated Process Risk and Control (IPRC), Business Process Management (BPM), and other programs.

Locations: Charlotte, NC; New York, NY

Please note:Based on the volume of applications received, this job posting may be removed prior to the indicated close date. If you do not apply prior to the closing of this posting, we encourage you to apply for other opportunities with Wells Fargo

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 management

Desired Qualifications
* Knowledge and understanding of operational risk management in the financial services industry
* Ability to identify risks and propose mitigation plans

Other Desired Qualifications
* Experience in supporting one or more areas of risk including, Credit Risk or Market Risk, Operational Risk, Model Risk and Compliance for BCL roles aligned to these groups within Corporate Risk.
* A thorough understanding of enterprise risk management framework including risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance.
* Strong interpersonal, influencing, and communications skills with an ability to interact effectively with stakeholders and regulators, to include virtual, matrixed leadership experience and the ability to effectively manage and build relationships within the Credit Risk, Market Risk, and Counterparty Risk teams and enterprise Risk function.
* Technical understanding of Corporate Risk operations, processes, and responsibilities.
* Proven leadership and project management skills to drive alignment across stakeholder groups to develop and deliver repeatable end-to-end risk management solutions and controls aligned with groups processes.
* Deep understanding of risk framework, corporate/business policies, and programs to translate into plans for the business, function and/or risk type.
* Ability to evaluate impacts based on changes in laws/regulations and develop company response.
* Experience with governance and oversight of regulatory reporting
* Experience including Risk Weighted Assets (RWA), Credit Valuation Adjustment (CVA), Current Expected Credit Loss (CECL), IFRS9, Stress Testing
* A BS/BA degree or higher

Job Expectations
* Ability to travel up to 10% of the time

Street Address
NC-Charlotte: 401 S Tryon St - Charlotte, NC
NY-New York: 150 E 42nd St - New York, NY

Disclaimer

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.