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Operational Risk Manager 3

Company: Wells Fargo
Location: Hoffman Estates
Posted on: July 11, 2019

Job Description:

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.

Wholesale Banking provides financial solutions to businesses across the United States and globally. Our four major business lines include Corporate & Investment Banking, Commercial Banking, Commercial Real Estate, and Wells Fargo Commercial Capital. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses.

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.

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 Qualifications

* 8+ 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, of which 4+ years must include direct experience in compliance, operational risk management, or a combination of both
* 3+ years of management experience

Desired Qualifications

* Advanced Microsoft Office skills
* Excellent verbal, written, and interpersonal communication skills
* Strong analytical skills with high attention to detail and accuracy
* Ability to articulate complex concepts in a clear manner

Other Desired Qualifications

* Knowledge across enterprise risk management framework, including: risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance.
* Understanding of best-practice risk management techniques applicable for LOBs similar to those found in the designated LOB.
* Knowledge of relevant financial regulations and understanding of how they are implemented, managed and enforced in LOBs similar to those found in the designated LOB.
* Experience identifying and driving process improvements financial services organizations
* Understanding of Operational Risk and Regulatory Control components, including experience driving consistency and quality across all aspects of a risk function.
* Ability to understand and work with data, including creating alignment among various data sources, developing trends, and creating risk-based analytics from multiple information sources.
* Experience in conducting risk assessments, and assessing the adequacy of policies, procedures, processes and l controls.
* Knowledge of MRs and associated controls
* Strong communication, negotiation, and collaboration skills, including the ability to negotiate with numerous parties and reach agreeable solutions.
* Ability to adapt to changing and competing priorities.
* Strong organizational and operational skills, attention to detail, and adherence to strict deadlines in a fast paced environment.
* Ability to effectively multi-task and successfully work on several unrelated projects at the same time.
* Excellent interpersonal and communication skills and experience in articulation of risks both verbally and in writing to various levels of staff and management.
* Ability to work both independently and collaboratively as part of a team within WFCC and WFCDF
* Excellent verbal, written, and interpersonal communication skills
* Strong analytical skills with high attention to detail and accuracy
* Ability to articulate complex concepts in a clear manner
* Advanced Microsoft Office skills



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.

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

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