Lead Operational Risk Officer

About this role:
Wells Fargo is seeking a Lead Operational Risk Officer

In this role, you will:
Develop, implement, and monitor risk-based programs to identify, assess, and mitigate any operational risk that arises from inadequate or failed internal processes, people, systems, or external events
Maintain a balance between risk mitigation and operational efficiency
Evaluate the adequacy and effectiveness of policies, procedures, processes, systems, and internal controls
Analyze extremely complex business and system changes to determine impact, identify operational risk issues and participate in the development of risk ratings
Provide operational risk expertise and consulting to complex business units for initiatives with high risk, generally spanning multiple business lines
Design and develop the most complex testing strategies, methodologies and analyses
Consult with the business to develop corrective action plans and effectively manage change
Identify training opportunities
Design and coordinate the development of training materials and coordinate or deliver training
Report findings and develop business cases to influence executive management, management committee member or head of business on the need for controls to mitigate risk
Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals
Lead project or virtual teams and mentor less experienced staff

Required Qualifications:
5+ years of Operational Risk experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:
Experience in risk assessment, independent risk management, control evaluation, risk reporting and issue management on various information and cyber security risks.
Industry recognized certification such as CISM / CISA / CRISC / CISSP.
Good to have working knowledge of COBIT framework with an emphasis on measuring control effectiveness and risk assessments.
Working knowledge of local and US banking guidelines related to Information Security oversight and outsourcing in financial services (OCC, FRB, RBI, BSP) and able to apply that knowledge to sound risk management practices.
Advanced Microsoft Office skills.
Ability to challenge for material areas of improvement and articulate risk impact.
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 and present complex material in a digestible, consumable manner to all levels of management.

Job Expectations:
Evaluate the adequacy and effectiveness of applicable policies, procedures, processes, systems and internal controls.
Perform gap analysis on policy requirements for risk types aligned to various operational and Technology processes.
Prepare and issue Technology risk report giving Independent Risk Management opinion on State of Operational Risk
Provide Oversight of Technology transition by participating in risk reviews
Provide Oversight of Technology sub-LOB’s (as assigned)
Provide Oversight of regulatory requirements (authoritative sources)
Develop, implement, and support an effective control review and challenge process to provide transparency, accountability and escalation of control effectiveness.
Consult with frontline partners and other independent risk management teams to open issues related to control failures.
Review and challenge adequacy and efficiency of the front-line controls
Create reports and memos communicating oversight results.
Support responses to internal testing, audits or regulatory examinations as needed.
Conduct independent risk management reviews and identify control expectations with primary focus on technology processes/applications.
Experience developing risk metrics and trending reports.
Ability to synthesize data from a variety of sources and deliver results quickly.

 

Posting End Date: 

30 Mar 2025

*Job posting may come down early due to volume of applicants.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees 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.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

 

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.