Operational Risk Officer (Treasury and Investment Portfolio Operational Risk Business Oversight) Details

Operational Risk Officer (Treasury and Investment Portfolio Operational Risk Business Oversight)

Wells Fargo - Minneapolis, MN

Employment Type : Full-Time

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 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.

The Treasury and Investment Portfolio Oversight Risk Officer role is responsible for the independent oversight of front line operational risk management effectiveness of the Treasury and investment Portfolio groups within the Finance organization. This role is expected to engage with business and risk resources within the front line to influence and challenge risk management activities and decisions. Operational risk is the risk resulting from inadequate or failed internal controls and processes, people, systems, or external events. Operational risk is inherent in all Wells Fargo products and services as it often arises in the presence of other risk types.

This role will assist the business oversight leader with all matters pertaining to Operational Risk coverage and oversight. The role reviews and challenges significant Front Line operational risk program execution, including, but not limited to, financial reporting risk, data risk, technology risk, business continuity, payments, information risk management, safety and physical security, transaction processing and execution, third-party risk management and various risk assessment policies and programs. The risk professional in this role will be accountable for developing an understanding of the Finance functions, products, services and relevant industry issues.

Specific responsibilities include:

• Oversee and challenge the Finance function across all aspects of the risk management life cycle (plan, identify and assess, control, monitor and report, test and validate).
• Perform independent risk assessment of the Finance function,
• Review and challenge Finance risk acceptances and new business initiatives.
• Use subject matter expertise and industry knowledge to provide independent oversight and credible challenge to Finance’s operational risk management activities.
• Engage with Control Executive teams, Business Management and Independent Risk teams to promote a strong operational risk culture.
• Actively engage in key Finance risk governance routines including strategic planning sessions, governance committees and business reviews.
• Identify and escalate conflicts with risk management results and expected business outcomes.
• Influence appropriate risk management prioritization by the front line to enable Finance 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.
• 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.
• Provide a business-centric view to IRM risk programs as needed.
• Engage with businesses, as appropriate, to effect changes to the operational risk program.
• Partner with both internal and external stakeholders, including resources from all three lines of defense.

Preferred locations for this position are Charlotte, NC; Minneapolis, MN; Des Moines, IA; Phoenix, AZ; Saint Louis, MO; Dallas, TX.
Relocation assistance is not available for this position.

• 
  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

• 
  Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
• Excellent verbal, written, and interpersonal communication skills
• Strong analytical skills with high attention to detail and accuracy
• Ability to represent the company/business units to internal and external auditors, RECOR, OCC, or other regulatory agencies
• Ability to grasp complex business issues quickly, recommend solutions, and drive for resolutions
• Ability to develop partnerships and collaborate with other business and functional areas
• Ability to influence and collaborate at all internal organizational levels
• Ability to identify and evaluate exposures and potential risks

• Meaningful knowledge of the enterprise risk management framework, including risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance.
• Strong understanding of the Finance functions (, Treasury, Investment Portfolio, Business Finance, Financial/Regulatory Reporting) business operations, processes, and products where they manifest risk.
• Strong interpersonal, influencing, and communications skills with an ability to interact effectively with stakeholders across the organization, which includes virtual, matrixed leadership experience.
• Proven leadership skills to drive alignment across stakeholder groups to develop and deliver repeatable end to end risk management solutions.
• Be articulate and possess a demonstrated capability to organize, scope and execute complex initiatives across a complex, heavily matrixed corporate environment.
• Strong understanding of corporate/business policies, and programs.
• Demonstrated professional ability that embodies the leading transformation and leadership competencies.
• Flexibility and business savvy to navigate a complex, highly-matrixed organization.
• Experience providing reporting and updates to senior-level management.
• Ability to articulate complex concepts in a clear manner.
• Leadership skills including the ability to influence effectively in a matrixed environment

• 
  Ability to travel up to 20% of the time

NC-Charlotte: 401 S Tryon St - Charlotte, NC
TX-Irving: 5000 Riverside Drive - Irving, TX
IA-West Des Moines: 7001 Westown Pkwy - West Des Moines, IA
MN-Minneapolis: 600 S 4th St - Minneapolis, MN
AZ-Tempe: 1150 W Washington St - Tempe, AZ
MO-Saint Louis: 1 N Jefferson Ave - Saint Louis, MO