Lead Operational Risk Officer, VP
Location: Toronto, Canada
Job ID: R-178119
Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk.
The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.
Our team members are the Wells Fargo brand and the foundation of our brand’s success. See top traits we’re looking for and see if you have the right mix.
About this role:
Wells Fargo is seeking a Lead Operational Risk Officer, VP in our Toronto office within the independent risk management (IRM), second line of defense. The role will have the mandate of implementing a consistent, collaborative, and sustainable approach for their coverage area horizontally across the Region (Canada and Latin America) and applicable legal entities.
Reporting into the Americas Head of Operational Risk, the Lead Operational Risk Officer will be responsible for the Americas view of current and emerging risks for their assigned Operational Risk coverage area as the incumbent will be responsible for aggregating oversight information for their portfolio and also more broadly as part of the Independent Operational Risk Assessment, Enterprise Risk Identification and Assessment, and Risk and Control Self-Assessment (RCSA) oversight routines. The Lead Officer will provide RCSA Operational Risk support and will work cross-functionally with multiple stakeholders and support partners within Americas Operational Risk, the region and globally.
In this role, you will:
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
Provide operational risk expertise and consulting to the frontline for initiatives with moderate/high risk, generally spanning multiple business lines
Consult with the frontline to develop corrective action plans and effectively manage change
Identify training opportunities for the assigned coverage area
Develop risk data and analytics across the region (with the ability to aggregate information at Line of Business, legal entity, risk type and regional level) to drive development of risk profile for the region.
Develop and execute information sharing routines across the Americas team. Use knowledge of current key topics to drive reporting routines across the region; status reporting, agenda setting for regional governance routines, input to challenge of front line outputs and the development of independent opinions regarding the risk profile in the region.
Provide support for Operational Risk related audits and exams.
Provide RCSA oversight support for the Americas Operational Risk team and guidance externally to the broader regional IRM/Front-line partners (as needed)
Support the Americas Operational Risk team in the development, implementation and monitoring of a risk-based program for Americas to identify, assess and mitigate operational risk while maintaining a balance between risk mitigation and operational efficiency.
5+ years of Operational Risk experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Strong practical experience in executing and providing oversight for RCSA
Strong analytical skills with high attention to detail and accuracy
Strong interpersonal, influencing, and communications skills with an ability to interact effectively with stakeholders across the organization, which includes virtual, matrixed leadership experience
Excellent verbal, written, and interpersonal communication skills
Advanced Microsoft Office skills
Knowledge of Corporate/Commercial lending processes
Experience working in a large multi-national with a US parent and licensed legal entities internationally.
Proven ability to drive and influence successful execution of change initiatives with minimal oversight.
Ability to influence and consult strategically across a large organization and with various levels of leadership /stakeholders
Meaningful knowledge of enterprise risk management framework, including: risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance
Strong understanding of corporate / business policies, and programs
Proven leadership skills to drive alignment across stakeholder groups to develop and deliver repeatable end to end risk management solutions
Proven ability to scope, manage and execute complex risk management initiatives with high quality and timely delivery
Flexibility and business savvy to navigate a complex, highly-matrixed organization
Experience providing reporting and updates to senior-level management
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, or status as a protected veteran.
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.
Wells Fargo wants to help you get more out of life and take care of things outside the office to make life a little easier. We provide:
Medical, Dental and Vision
Employer Matching 401(k)
Maternity and Paternity Leave
Paid Time Off
I feel proud in the work that I do as I protect the bank from unnecessary risk. I have a large and diverse team operating in eight countries and doing testing work for 40 countries within which the bank operates. This gives me a unique opportunity whereby every single day there's something new that I learned. And both of these things give me immense professional satisfaction in the work that I do.– Rahim, Director Enterprise Testing and Head of International Testing & Validation