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Operational Risk Manager 3

Company: Wells Fargo
Location: Hoffman Estates
Posted on: April 15, 2019

Job Description:

Operational Risk Manager 3 Job Description At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll 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. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,200 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune's 2017 rankings of America's largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories . Wholesale Banking Wholesale Banking, led by Perry Pelos, provides financial solutions to businesses across the United States and globally, with annual sales generally in excess of $5 million. It has nine major business lines, including: Business Banking, Middle Market Banking, Government and Institutional Banking, Corporate Banking, Commercial Real Estate, Financial Institutions Group, Wells Fargo Commercial Capital, Wells Fargo Securities, and Principal Investments. It also has groups in credit risk, operational risk and compliance, finance, marketing, human relations, and the Wholesale Chief Operating Office supporting its businesses. Wholesale Control (WC) The Wholesale Control (WC) organization serves as the front line risk management organization within the Wholesale Banking group of Wells Fargo supporting the Wholesale businesses with risk strategy, implementation, and execution. The Wholesale Control team is accountable to assess and effectively manage risks across all risk types and Wholesale businesses delivering an integrated view of risks, producing a sustainable control environment, and instilling a culture of strong risk management. The team is responsible to identify and assess risks, design and implement controls, and execute and monitor the controls to ensure they are working effectively to manage risk across Wholesale. Wholesale Control interfaces with Independent Risk Management and Audit to drive comprehensive and consistent implementation of regulatory and corporate risk policies and programs across Wholesale. The Role Wells Fargo Commercial Capital Business Control provides operational risk, regulatory control, financial crimes and business risk management services through an optimized model which leverages centralized functions and agile business focused teams to support sound risk management for the Capital Finance, Commercial Distribution Finance, Corporate Trust Services, Equipment Finance, International Trade Services, Strategic Capital and Renewable Energy & Environmental Finance lines of business. The risk management team enables efficient and effective execution of Corporate, Wholesale, and Line of Business programs, policies, and procedures to ensure alignment with the overarching risk management priorities of Wells Fargo while meeting the unique needs of each business.This position aligns to Commercial Distribution Finance (CDF) Business Risk Manager and will provide operational risk support to CDF. CDF provides inventory financing solutions, service and intelligence through in-depth industry expertise and a commitment to customers. The Business Risk Management Leader will work with the designated lines of business (LOBs) to implement and execute the required risk controls in an effective, sustainable manner and help identify, escalate and proactively manage risks in the LOBs. This Leader will report directly to the LOB Group Control Leader Individual Responsibilities Responsible for proactive identification and resolution of operating risk and control issues and promote risk awareness and program execution. Continually assess and drive CDF risk mitigation by aligning the CDF control environment to regulatory requirements through proactive identification and escalation of control gaps and proposed recommendations Develop a team with a strong working knowledge of CDF and the key risk controls that apply. Develop a team that serves as the primary day-to-day coverage officers for CDF with proven knowledge of products, services, processes, systems and customers. Continuously engage in discussions with LOB partners on strategy, industry trends, organizational changes, and new/modified markets, systems, products and services, to determine impact and identify and remediate risk control issues across all risk types. Collaborate with, guide and counsel LOB partners on control design and implementation to mitigate risks. Support T&V Engagement with LOB Provides Risk Management expertise and consulting for projects and initiatives with high risk to identify and mitigate operational risk and regulatory control risk in all business activities. Work closely with the LOB BPRM team and the Ops Risk teams to self-identify gaps and corrective actions if needed Continually assess and if needed identify areas for remediation and evaluate the design of enhanced processes and controls prior to implementation Retain control documentation in a central repository to support LOB response to Testing/Audit/Exam reviews to ensure efficient reviews and minimal disruption to the LOB Support the Business Risk Management and Business Process Risk Management team in developing, implementing and monitoring risk-based programs and processes to assure compliance with federal, state, agency, legal and regulatory requirements and provide oversight to the regulatory control function. Understand the risk profile of CDF and assess regulatory processes for gaps and effectiveness. Recommend corrective action for areas of concern. Responsible for defining information needs to support business processes, initiatives and projects for areas of operational risk and regulatory control risk. Evaluate the adequacy and effectiveness of policies, procedures, processes, initiatives, products and internal controls and identify issues resulting from internal and/or external compliance examinations. Identify, plan, communicate and consult on training opportunities; designs/coordinates the development of training materials; delivers or coordinates training delivery. Leadership, integrity, and credibility will be determining factors in selection. Successful candidates will be articulate and possess a demonstrated leadership capability; they will be impressive in their inter-personal effectiveness and with regard to their accomplishments. This role requires a leader with strong relationship management, influencing, vision and execution skills. A key differentiator will be the ability to understand and operate successfully in a complex and matrixed corporate environment. The role requires a sense of urgency, passion for results, and personal integrity. Team members support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirement. Team members support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.Required Qualifications8+ years of 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; or 8+ years of IT systems security, business process management or financial services industry experience..... click apply for full job details

Keywords: Wells Fargo, Hoffman Estates , Operational Risk Manager 3, Executive , Hoffman Estates, Illinois

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