Operational Risk Director - Wholesale Operations Risk Oversight

About this role:

Wells Fargo is seeking an Operational Risk Director to lead a Wholesale Operations Group operational risk function.  This role reports to the Global Operations Operational Risk Executive and focusses on our Wholesale Operations function, which is a large organization within Global Operations engaged in significant business and client focused operations activities.  Learn more about the career areas and lines of business at wellsfargojobs.com.
 

The Risk team supporting Wholesale Operations plays a critical role in supporting the organization's ability to manage and mitigate risks across this large, complex function, and operates in tandem with our BACO (Business Aligned Compliance Officer).  Wholesale Operations plays a crucial role in maintaining relationships with corporate clients and facilitating their financial needs. Wholesale Operations is comprised of Corporate & Investment Banking Operations (CIB), Commercial Banking Operations, and Wealth & Investment Management Operations (WIM) with employees located globally.  The organization manages financial transactions for business, institutions, and wealth management clients - ensuring efficient processing of securities transactions, cash transactions and loans. The team also manage the risk management, regulatory compliance, and client service associated with these transactions. 

This role will lead numerous high impact projects, oversee ongoing open issues and an increasing risk profile.  The leader will be responsible for providing a consistent, in-depth risk oversight view and approach of the Wholesale Operations function including providing expertise and risk insights Corporate & Investment Banking Operations, Commercial Banking and Lending Operations, Wealth & Investment Management Operations, Wholesale Shared Services Operations and International Operations especially as it relates to operations execution and client impact.  The role will lead Independent Risk Management governance, coordination, and reporting routines across the Wholesale ORM team. 

In this role, you will:

• Support Wholesale Operations in addressing regulatory remediation activities, tracking and escalating issues and concerns, and ensure future programs are subject to appropriate risk oversight

• Identify and respond to emerging risk issues in a timely manner and balance the workload across the team for markets, banking, lending, wealth and investment management operations arenas

• Assess and help manage risk associated with execution of financial transactions for business, institutions, and wealth management clients - supporting efficient processing of securities transactions, cash transactions and loans

• Provide vision and set direction for Global Operations risk oversight teams covering aforementioned areas of Wholesale Operations, to achieve long term strategic objectives that impact organization and management across functions

• Manage the development, implementation, and monitoring of a risk-based program for a business or large functional area with moderate to high risk to identify, assess, and mitigate operational risk that arises from inadequate or failed internal processes, people, systems, or external events

• Influence and provide input on policy, framework, and program development for business or enterprise strategy for markets, banking, lending, wealth and investment management operations arenas

• Maintain a balance between risk mitigation and operational efficiency, and an awareness of the state of operational risk companywide

• Ensure reporting, escalation, and remediation of issues, deficiencies or regulatory matters regarding operational risk to leaders, committees, and appropriate executive management

• Challenge operational risk-related business management decisions, activities, and operating processes for assigned area

• Manage communication and collaboration with business heads, Legal, Audit, and regulators on risk related topics

• Partner closely with Compliance and Strategic and Enterprise Risk Management in providing Risk Oversight of Wholesale Operations

• Develop and guide a culture of talent development to meet business objectives and strategy

• Manage allocation of people and financial resources for this pillar of Operational Risk

Required Qualifications:

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

• 4+ years of Management experience.

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