Operational Risk Senior Officer - Corporate & Investment Banking

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.

The Operational Risk Sr. Officer role is responsible for the independent oversight of front line operational risk management effectiveness for the Corporate & Investment Bank (CIB) with a focus on development of a robust control framework.  This role is expected to engage with business and risk resources within the front line to influence and challenge risk management activities and decisions. This role will provide oversight for Corporate & Investment Banking (CIB) Operations, Chief Operating Office (COO) and select Risk mitigation programs. This role will rely on industry expertise in specific best practice disciplines such as User Access & Entitlements, Trader Supervision and other risk & control frameworks.  
 
This role will develop specific subject matter expertise for the Corporate & Investment Banking Group (CIB), will be considered a thought leader and will assist the business oversight leader with all matters pertaining to Operational Risk coverage and oversight.  In this capacity, this role reviews and challenges significant Front Line operational risk program execution, including, but not limited to,  business continuity, payments, external fraud, information risk management, safety and physical security, transaction processing and execution, third-party risk management and various risk assessment policies and programs. 

The Operational Risk Sr. Officer in this role will also develop detailed understanding of business strategy, the customer base, products and services and other relevant industry issues, frameworks and emerging risks. This role will support leadership and other risk professionals with execution of the work, documentation, and reporting, as well as leading tactical efforts related to the overall scope of work.  Support relationships with business partners and staff.

Specific responsibilities include:

• Oversee and challenge the Corporate & Investment Banking function 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 Corporate & Investment Banking function, inclusive of emerging risks
• Review and challenge of the Corporate & Investment Banking function risk acceptances and new business initiatives
• Use subject matter expertise and industry knowledge to provide independent oversight and credible challenge to the Line of Business’ operational risk management activities
• Engagement with the Control Executive teams, Business Management and Independent Risk teams to promote a strong operational risk culture
• Active engagement in key Corporate & Investment Banking risk governance routines inclusive of strategic planning sessions, governance committees and business reviews
• Oversee and challenge the Corporate & Investment Banking front line across all operational risk routines including – plan, identify and assess, control and mitigate, test and validate, monitor and report
• Support the Business Oversight Leader with the performance of an independent risk assessment of the Enterprise Functions front line, inclusive of emerging risks
• Understand, review and challenge the Enterprise Functions front line risk acceptances and new business initiatives
• Identify and escalate to business oversight leadership conflicts with risk management results and expected business outcomes
• Influence appropriate risk management prioritization by the front line to enable the business 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 practices by the business
• 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
• Develop and maintain relationships with Business Managers, Independent Risk teams, and Group Control Executive teams
• Facilitate IRM-sourced issues to the Enterprise Functions as needed
• Provide a business-centric view to IRM Risk Programs as needed
• Business engagement to drive and effect change
• Partners with both internal and external stakeholders, including resources from all three lines of defense
• Successfully review and challenge business operational risk management practices and outcomes
• Build and sustain a strong risk culture including a balanced approach through working in cooperation and consultation with all lines of defense across the enterprise
• Leverage experience to bring industry leading standards, practices and tools to the organization

• 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

• Advanced Microsoft Office (Word, Excel, and Outlook) skills
• Excellent verbal, written, and interpersonal communication skills
• Strong analytical skills with high attention to detail and accuracy
• Ability to interact with all levels of an organization
• Ability to articulate complex concepts in a clear manner
• Leadership skills including the ability to influence effectively in a matrix environment
• Knowledge and understanding of capital markets or trading
• Knowledge and understanding of investment banking
• Knowledge and understanding of financial products: exposure to fixed income securities, derivatives, and foreign exchange

• Experience within Capital Markets /Investment Banking, with specific experience in any or all of the following: Fixed Income securities, Municipal Products, Syndications, Funding (Repo/Reverse Repo), Foreign Exchanges, Derivatives, Distressed Securities and Loan Sales and Trading
• Strong knowledge and experience in compliance, operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk), or a combination of both.  
• Experience in policy and procedure development/management
• Experience with regulatory matters, regulatory reviews/assessments

• Ability to travel up to 15% of the time

NC-Charlotte: 301 S Tryon St - Charlotte, NC

• 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.