Wells Fargo Hiring for Senior Lead Operational Risk Officer – Fiduciary Risk Administration II at NEW YORK, New York Full Time

About this role:

Wells Fargo is seeking a Senior Lead Operational Risk Officer in Operational Risk Management as part of Corporate Risk. Learn more about the career areas and lines of business at wellsfargojobs.com.

As the company’s second line of defense, Corporate Risk – or Independent Risk Management – provides independent oversight of risk-taking activities. Independent Risk Management establishes and maintains Wells Fargo’s risk management program and provides oversight, including challenges to and independent assessment of the frontline’s execution of its risk management responsibilities. We manage risk according to the Risk Management Framework and ensure all employees understand their individual accountability for managing risk. Corporate Risk roles depend on a variety of skills, including data analysis and synthesis, root cause analysis, change management, process management & execution, risk governance, risk strategy, risk identification & assessment, risk prevention, controls & mitigation, risk monitoring, reporting & escalation, risk systems & technology.

This role will be part of the Fiduciary & Investment Risk Oversight (“FIRO”) unit of Operational Risk Coverage Programs. FIRO’s program is designed to proactively and systematically identify, assess, measure, monitor, control and report on significant fiduciary and investment risks to Wells Fargo and its customers. The primary business group currently in scope for this oversight program is Wealth & Investment Management.

In this role, you will:

• Provide companywide oversight and governance of an integrated operational risk program or initiative

• Develop and drive innovative operational risk approaches and solutions companywide through an influence model

• Identify potential business operational risks

• Develop and drive innovative operational risk approaches and solutions companywide through an influence model

• Constructively and independently challenge existing risk management fundamentals or assumptions and develop alternative approaches and solutions

• Evaluate long term implications and consequences of strategic business decisions and recommend appropriate alternatives for risk management

• Lead implementation of complex initiatives with high risk, generally spanning multiple business lines

• Consult to the business on corrective action plans and effectively managing change

• Influence and negotiate with executive management and business heads as high-level stakeholders both within and outside Wells Fargo

• Lead initiatives and virtual teams across the organization to deliver companywide business risk management transformations

• 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, US:

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

Desired Qualifications:

• Strong risk management and compliance skills

• Strong background in trust administration

• Knowledge and understanding of fiduciary law and federal regulations

• Knowledge and understanding of fiduciary, investment, or planning disciplines

• Knowledge and understanding of investment risk and compliance management processes

• Knowledge and understanding of trust, fiduciary law, and federal regulations/operations

• CFIRS certified

Job Expectations:

• Ability to travel up to 20% of the time

• Ability to work at one of the approved posting locations

• This position offers a hybrid work schedule

• This position is not eligible for Visa sponsorship

Posting Locations:

• Charlotte, NC

• Minneapolis, MN

• Saint Louis, MO

• Boston, MA

• New York, NY

This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CRF 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.

Pay Range

$144,400.00 – $300,000.00

Benefits

Wells Fargo provides all eligible full- and part-time employees with a comprehensive set of benefits designed to protect their physical and financial health and to help them make the most of their financial future. Visit Benefits – Wells Fargo Careers for an overview of the following benefit plans and programs offered to employees.

• 401(k) Plan

• Paid Time Off

• Parental Leave

• Critical Caregiving Leave

• Discounts and Savings

• Health Benefits

• Commuter Benefits

• Tuition Reimbursement

• Scholarships for dependent children

• Adoption Reimbursement

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.

Drug and Alcohol Policy

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

Company: WELLS FARGO BANK

Req Number: R-311941-1

Updated: Tue Oct 31 00:00:00 UTC 2023

Location: NEW YORK,New York