Tuesday , January 31 2023

Wells Fargo Bank Jobs – Lead Operational Risk Officer

Website Wells Fargo

Job Description:

Wells Fargo is seeking a Lead Operational Risk Officer.


Job Responsibilities:

  • Consult with the business to develop corrective action plans and effectively manage change
  • 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
  • Execute and support key deliverables to develop a documented regional oversight program aligned to the Enterprise risk type oversight programs (L2s), ensuring that the programs are consistently applied, coordinating across the Operational Risk Group to review and challenge program/policy updates, while driving a coordinated credible challenge calendar.
  • Lead initiatives or virtual teams and mentor less experienced staff
  • Evaluate the adequacy and effectiveness of policies, procedures, processes, systems, and internal controls
  • Provide operational risk expertise and consulting to complex business units for initiatives with high risk, generally spanning multiple business lines
  • 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
  • Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals
  • Have the mandate of implementing a consistent, collaborative, and sustainable approach to risk type oversight horizontally across the Region (Canada and Latin America) and applicable legal entities. The specific risk types are Change Management Risk, Financial Reporting Risk, and Operational Resilience.

Job Requirements:

  • Strong analytical skills with high attention to detail and accuracy
  • Excellent verbal, written, and interpersonal communication skills
  • 7+ years of experience in operational risk management
  • Solid knowledge of risk type management experience
  • Advanced Microsoft Office skills
  • Ability to interact with all levels of an organization, and work collaboratively and influence in a highly matrixed environment.
  • Keep abreast of reporting-focused industry and regulatory developments in the evolution of operational risk practices and methodologies, and assesses and recommend approaches for the team to adopt.
  • Experience working in a large multi-national with a US parent and licensed legal entities internationally.
  • Understanding of formal governance structures, committee structures, committee participation, formal escalation, and risk appetite.

Job Details:

Company: Wells Fargo

Vacancy Type: Full Time

Job Location: Toronto, ON, CA

Application Deadline: N/A

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