Wells Fargo Bank

Business Risk and Control Senior Officer

Posted on: 21 Feb 2021

Chandler, AZ

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 Senior Officer is a member of one of 4 Business-Aligned teams (BATs) supporting the Corporate Risk organization as part of the Control function. This particular Business-Aligned team supports 4 functional Corporate Risk areas Operational Risk, Model Risk, Corporate Strategy, Planning, and Governance, and Control Executive.

The Business Risk & Control Senior Officer supports these functions in the Corporate Risk organization in their responsibility to design and implement risk mitigation strategies and manage day-to-day risks inherent to their own business processes and controls. The position acts as a trusted advisor to the Corporate Risk team members responsible for identifying, assessing, managing and mitigating current and emerging risk exposures. This role maintains internal partnerships with the Corporate Risk business, other business units, Audit, Legal, regulators, and industry partners regarding risk management of Corporate-specific functions, leads project/virtual teams, and mentors, but does not directly manage other team members.

General Responsibilities across each of the positions in the role:

* Maintain awareness of business activity in the aligned Corporate Risk group, especially activity that could change the risk profile of the group
* Monitor, assess, and report out on the potential and actual impact of aligned group decisions and control environment performance
* Counsel aligned group leaders in the interpretation of policy, guidelines, and governance programs and/or implementation of program elements
* Provide expert level risk management consulting to aligned group leaders in the design and implementation of risk mitigation strategies, and their execution of Corporate Risk business processes and controls that mitigate risks and address regulatory requirements
* Monitor and report on aligned group risk concentration, current and emerging risk, and risk appetite, facilitating business dialogue as needed
* Synthesize and evaluate aligned group risk information
* Escalate concerns as appropriate to Senior Management
* Support aligned group process owners in the design of control effectiveness assurance programs for Corporate Risk-owned controls
* Interface with Audit, Legal, and internal partners as needed
* Lead project/virtual teams
* Advise aligned group on Issues, Controls, Risk and Control Self Assessments (RCSA)/Integrated Process Risk and Control (IPRC) activities, Business Process Management (BPM), and other programs

Other qualifications to the (3) specific defined positions could include, but are not limited to:

Position 1 aligned to support Ops Risk Foundational program and seeks RCSA risk program experience, Key risk indicators experience, Operational loss risk program experience and CCAR Risk experience.

Position 2 aligned to support Model validation, Model Governance and Operations and seeks someone with Model risk program experience, model validation process and controls experience, model operations process and controls and model governance process and controls experience.

Position 3 seeks individual with experience in managing Human Capital risk, shows strong background understanding strategic risks inherent to a Corporate Risk organization and has a broad understanding of Risk Operations functions.

IMPORTANT: Required locations for these positions are posted (Charlotte, NC/Phoenix, AZ/New York, NY/Minneapolis, MN). Candidate must reside within a reasonable commute to one of the (4)addresses listed in the posting. Position is currently remote, however candidate will eventually be expected to report to one of the locations noted. This role is not open to telecommute.

**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 within Wells Fargo.**

Required Qualifications
* 10+ 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 10+ years of financial services industry experience, of which 7+ years must include direct experience in risk management

Desired Qualifications
* Knowledge and understanding of technology risks related to business risks
* Third party service provider risk experience
* Experience with Wells Fargo risk systems such as Shared Risk Platform (SHRP), Risk and Control Self-Assessment (RCSA), or Control Risk Analysis System (CRAS+)
* Knowledge and understanding of risk model assessment and outputs
* Experience creating and executing human capital plans that align with business objectives
* Knowledge and understanding of compliance or operational risk
* Knowledge and understanding of operational risk management in the financial services industry
* Risk management and mitigation experience

Other Desired Qualifications
* 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.

Salary Information
To be determined

Street Address
NC-Charlotte: 401 S Tryon St - Charlotte, NC
TX-DAL-Downtown Dallas: 1445 Ross Ave - Dallas, TX
IA-West Des Moines: 7001 Westown Pkwy - West Des Moines, IA
MN-Saint Louis Park: 435 Ford Rd - Saint Louis Park, MN
NY-New York: 150 E 42nd St - New York, NY
AZ-Chandler: 2700 S Price Rd - Chandler, AZ
MO-Saint Louis: 1 N Jefferson Ave - Saint Louis, MO

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.

Benefits Summary
Benefits
Visit https://www.wellsfargo.com/about/careers/benefits for benefits information.

Wells Fargo Bank

San Francisco, CA

Wells Fargo & Company, a diversified financial services company, provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. It operates through three segments: Community Banking, Wholesale Banking, and Wealth and Investment Management.

The company also engages in the wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing, trust, investment advisory, mortgage-backed securities, and venture capital investment services.

As of February 7, 2019, it operated through 7,800 locations, 13,000 ATMs, and the Internet and mobile banking, as well as has offices in 37 countries and territories. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.

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