Operational Risk Consultant 2 - Core Banking

Wells Fargo Saint Louis , MO 63150

Posted 2 months ago

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 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.

Wealth and Investment Management (WIM) is one of the United States' leading providers of financial and investment services. WIM provides a full range of personalized wealth management, investment, and retirement products and services to meet clients' unique needs and help them achieve financial goals. Our mission is to help clients pursue their financial goals with confidence. We accomplish this by building enduring client relationships through sound, thoughtful, and objective advice. Developing individualized plans for clients to help meet their financial objectives. Helping clients build, manage, preserve, and transition their financial resources and wealth.

Monitor a risk-based program to identify, assess and mitigate any operational risk that arises from inadequate or failed internal processes, people, systems or external events, while maintaining a balance between risk mitigation and operational efficiency.

  • Evaluate the adequacy and effectiveness of policies, procedures, processes, systems and internal controls

  • Document end to end process flows including dependencies, controls, inputs/outputs, systems, gap identification, etc.

  • Identify and assess operational risk issues; assign risk ratings consistent with established policy standards.

  • Develop testing strategies and methodologies to evaluate the adequacy and effectiveness of policies, procedures, processes, systems and internal controls.

  • Execute testing strategies in accordance with both Enterprise and Firm policies and procedures

  • Effectively analyze for root causes

  • Report findings and recommendations to mitigate risk.

  • Prepare oversight reports/dashboards

  • Analyze business and/or system changes to determine impact

  • Accurately and timely identify risk concerns/gaps;

  • Participate in and provide consulting and support for projects and initiatives with moderate risk to identify and mitigate operational risk.

  • Execute risk assessments; report findings and provide recommendations

  • Assist in drafting corrective action plans and in managing change

  • Coordinate production of periodic risk reports

Required Qualifications

  • 1+ year 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 demonstrated through work or military experience
  • 1+ year of experience in one or a combination of the following: additional compliance, additional operational risk management, IT systems security, business process management or financial services industry experience demonstrated through work or military experience; or a BS/BA degree or higher in business or a related field

Desired Qualifications

  • Intermediate Microsoft Office 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 interact with integrity and a high level of professionalism with all levels of team members and management

  • Ability to organize and manage multiple priorities

  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment

  • Advanced Microsoft Excel skills

Other Desired Qualifications

  • Reporting experience

  • Advanced Microsoft PowerPoint skills

  • Project management experience

  • Ability to articulate complex concepts in a clear manner

  • Ability to create and improve process through strategic thinking

  • Intermediate Microsoft Visio skills

  • Ability to organize and manage multiple priorities

  • Ability to perform assurance activities

Salary Information

The salary range displayed below is based on a Full-time 40 hour a week schedule.

MO-Saint Louis: Min: $50,400 Mid: $70,000

Street Address

MO-Saint Louis: 1 N Jefferson Ave - Saint Louis, MO

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.

icon no score

See how you match
to the job

Find your dream job anywhere
with the LiveCareer app.
Mobile App Icon
Download the
LiveCareer app and find
your dream job anywhere
App Store Icon Google Play Icon
lc_ad

Boost your job search productivity with our
free Chrome Extension!

lc_apply_tool GET EXTENSION

Similar Jobs

Want to see jobs matched to your resume? Upload One Now! Remove
Operational Risk Business Aligned Oversight Leader Sales Practices Oversight & Management Chief Policy Advisor Customer Excellence And Strategy Execution & Operations (Seo)

Wells Fargo

Posted 7 days ago

VIEW JOBS 11/17/2020 12:00:00 AM 2021-02-15T00:00 Job Description 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, investment, and mortgage products and services, as well as consumer and commercial finance, through 7,500 locations, more than 13,000 ATMs, the internet (wellsfargo.com), and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 261,000 team members, Wells Fargo serves one in three households in the U.S. Wells Fargo & Company was ranked No. 29 on Fortune's 2019 rankings of America's largest corporations. News, insights, and perspectives from Wells Fargo are also available at: Wells Fargo Stories. Independent Risk Management Independent Risk Management (IRM) establishes, implements, and maintains the Company's Risk Management Program under the direction of the Risk Committee and senior management. IRM is accountable for independently overseeing the identification, measurement, assessment, monitoring, aggregation, and reporting on all risks for the Enterprise. IRM also oversees the Front Line's execution of its risk management responsibilities and independently and credibly challenges Front Line risk decisions. IRM may also approve any risk-taking activity that exceeds the Front Line Group's authority. In addition to the risk management responsibilities discussed above, IRM develops and reviews company-wide risk governance documents and monitors compliance with such documents. IRM considers statutes, regulations, and regulatory guidance when developing risk governance documents. IRM also monitors compliance with company-wide risk appetite thresholds and limits. Corporate Operational Risk Management The Corporate Operational Risk Management is responsible for independently overseeing the management of operational risk exposures (including monitoring and reporting on aggregate operational risk exposures across groups, legal entities, geographies, and jurisdictions) and the quality of operational risk management practices across the company. More specifically, the Corporate Operational Risk Management responsibilities include: * Developing, maintaining, and ensuring adherence to enterprise-wide operational risk frameworks, policies, and procedures that are aligned with Board-approved risk appetite statements. * Providing subject matter expertise, advising on risk management best practices, conducting analysis, and communicating with groups and lines of business in order to oversee and support the front line in implementing the requisite controls, processes, and systems to comply with corporate operational risk frameworks, policies, and procedures. * Independently evaluating group and line-of-business compliance with corporate level frameworks, policies, and procedures. * Credibly challenging management's decisions, business processes, and activities. * Escalating operational risk concerns and issues (including breaches and near-breaches of relevant risk appetite tolerances and limits) to senior management and the Board, as appropriate. The Role The Operational Risk Business-aligned Oversight leader is responsible for the independent oversight of front line operational risk management effectiveness, and is expected to engage with senior leaders within the business to influence and challenge risk management activities and decisions. Operational risk is the risk resulting from inadequate or failed internal controls and processes, people and systems, or resulting from 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 serve as the key point of contact for Sales Practices Oversight & Management, Chief Policy Advisor, Customer Excellence and Strategy, Execution & Operations (SEO) for all matters pertaining to Operational Risk and is considered a thought leader for operational risk activities. In this capacity, this role reviews and challenges significant Front Line operational risk program execution. Specific responsibilities include: * Use subject matter expertise and industry knowledge to provide independent oversight and credible challenge to the Line of Business's operational risk management activities. * Direct engagement with the senior Control Executive leaders, Operations Leaders and Independent Risk leaders to promote a strong operational risk culture. * Active engagement in key front line governance routines inclusive of strategic planning sessions, governance committees and business reviews. * Oversee and challenge the front line 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 Front Line, inclusive of emerging risks. * Review and challenge of front line risk acceptances and new business initiatives. * Identify and escalate to senior 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, routine engagement with senior Independent Risk Management leaders to ensure information sharing across Risk Types. * Develop and deliver content to senior business, Independent Risk, Internal Audit and regulatory leaders summarizing the results of the independent risk assessment activities. * Manage relationships with Business Heads, Independent Risk Management, Group Control Executives, Legal, Audit and multiple Regulators. * Direct IRM-sourced issues to the Front Line as needed. * Provide a business-centric view to IRM Risk Programs as needed. The Candidate This position requires business engagement to drive and effect change. This position will partner with both internal and external stakeholders, including senior management from all three lines of defense, as well as relevant regulatory agencies. A successful candidate will have the experience and ability to: * 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 their experience to bring industry leading standards, practices and tools to the organization. Leadership, integrity, and credibility will be determining factors in selection. Successful candidates will be articulate and possess a demonstrated leadership capability. It 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, heavily matrixed corporate environment. Required Qualifications * 10+ years of management experience * 12+ 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 12+ years of financial services industry experience, of which 10+ years must include direct experience in risk management Other 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 * Meaningful knowledge across enterprise risk management framework, including: risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance * Deep technical understanding of specific business operations, processes, products and customer interactions and where they manifest risk * Strong interpersonal, influencing, and communications skills with an ability to interact effectively with stakeholders at all levels, and regulators, to include virtual, matrixed leadership experience and the ability to effectively manage and build relationships within the business and enterprise Risk function * Proven leadership skills to drive alignment across stakeholder groups to develop and deliver repeatable end to end risk management solutions * Deep understanding of corporate/business policies, and programs * Demonstrated leadership ability that embodies the Wells Fargo Vision and Values and leadership competencies * Proven ability to build and lead senior leaders and a high performing risk management organization in a matrixed environment, ensure proper staffing and expertise exists and can coach and enable others in risk management and risk ownership * Flexibility and business savvy to navigate a complex, highly-matrixed organization * Experience providing reporting and updates to senior-level management * Experience communicating with regulators, auditors and other oversight bodies * Relevant Masters or Graduate degree 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. Wells Fargo Saint Louis MO

Operational Risk Consultant 2 - Core Banking

Wells Fargo