Enterprise Risk Senior Officer (Model Governance and Issue Management)

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 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.

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.

Corporate Model Risk:  Wells Fargo’s Corporate Model Risk is responsible for independently overseeing the management of model risk exposures across the enterprise (including governing, monitoring, and reporting on aggregate model risk exposures, model validations, and model oversight across enterprise). This oversight extends to all phases of a model’s life cycle, including identification, development, validation, implementation, finding resolution, usage, performance monitoring, documentation, and retirement.

CMoR (Corporate Model Risk) Governance: The CMoR Governance Team is responsible for establishing policy and procedures and providing independent risk governance leadership for all models used across Wells Fargo, including assessing, reporting, and escalating model risks and controls across the enterprise.  The team works closely with model users, group model governance teams, Corporate Functional Model Oversight (CFMO) teams, and various teams throughout CMoR to manage model risk across the firm.

The Role:  The Corporate Risk Model Governance team is seeking an experienced senior leader to play a critical role in defining and executing model governance responsibilities. This is an exciting opportunity to drive high quality standards and compliance for model governance of a variety of models and drive enhancement of our issues management process. Model risk management is an area of expanding focus and scrutiny, requiring a vision for future expectations around model risk management and an appetite for a constantly evolving process. This position will influence many stakeholders across the bank.

This role within CMoR Governance is primarily responsible for

• Interacting with key model governance and other leadership stakeholders across Wells Fargo about model risk during all model life cycle stages in order to ensure the effective governance and oversight of model identification, development, use, and evaluation processes.
• Assessing front lines for gaps in policy adherence and communicating concerns and issues with a variety of stakeholders.
• Developing and executing a process to enter issues from various sources including governance and validation activities into the issue system. Collaborating with stakeholders to assess appropriateness of action plans and facilitate issue closure.
• Leading department wide initiatives, defining process and procedures for the team and various stakeholders to execute, tracking of progress for a large number of models and projects, follow up with stakeholders, creating templates and standards and providing meaningful information for management.
• Developing and documenting processes and procedures, and related controls to ensure they are executed correctly and timely.
• Leading the creation of training materials for various audiences including model governance, model owner, model developer etc.
• Providing reporting related to model inventory and to assess compliance with the policy.
• Creating decks explaining results of complex analysis to various stakeholders
• Supporting ad hoc projects as needed, tracking milestones and deliverables.
• Providing leadership, enhancing communications, assisting with problem identification and solutions, and sharing best practices.
• Building and maintaining effective working relationships with business Model Governance teams, Model Owners, Corporate Functional Model Oversight teams, Validation teams and other external partners and stakeholders across Wells Fargo.
• Understanding model risk supervisory guidance, Model Risk Management Policy and related policies and procedures, and current industry best-practices.

• 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

• Strong analytical skills with high attention to detail and accuracy
• Microsoft Excel spreadsheets experience importing, exporting, and manipulating data
• Ability to interact with all levels of an organization

• 5+ years of management experience or equivalent experience in influencing stakeholders across large organizations in a matrixed environment
• Degree in statistics, math, engineering, accounting, finance, economics, econometrics, computer sciences, or business/social and behavioral sciences
• Model Governance knowledge
• Knowledge of the Model Risk System (MoRS)
• Knowledge of the issues management system SHRP
• Understanding of model development process and drivers of model risk
• Understand model risk management regulatory expectations. 
• Microsoft Excel – Expert Level
• Highly organized and proactive. Should be able to manage multiple tasks in a dynamic environment and deal with multiple priorities.
• Strong conceptual and quantitative problem solving skills
• Strong analytical skills with high attention to detail and accuracy
• Excellent written and oral communication skills, and interpersonal skills.
• Ability to work with highly technical individuals and ability to relay technical information to non-technical users.
• Ability to influence, partner, and negotiate with senior business leaders to gain commitment to accomplish business goals
• Ability to interact with all levels of an organization
• Understanding of the Wells Fargo organization, its business lines, and legal entities and financial systems
• Ability to coordinate activities across the company with various stakeholders.  
• Ability to manage process improvement initiatives to optimize operational effectiveness and efficiencies
• Strategic planning experience in translating leadership vision into executable strategies and initiatives
• Ability to organize and present analysis in a holistic manner for management decisions
• Experience articulating issues, risks, and proposed solutions to various levels of staff and management
   

• Ability to travel up to 10% of the time

NC-Charlotte: 401 S Tryon St - Charlotte, NC
IA-Des Moines: 206 8th St - DES MOINES, IA
MN-Minneapolis: 600 S 4th St - Minneapolis, MN
IA-West Des Moines: 7001 Westown Pkwy - West Des Moines, IA

• 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
 

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