Senior Lead Operational Risk Officer - Finance and Financial Reporting Risk Oversight (FFRRO)

About this role:

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

This role will assist the Finance and Financial Reporting Risk Oversight (FFRRO) leader with all matters pertaining to independent Operational Risk coverage and oversight of the Finance organization. This role is expected to engage with business and risk resources within the front line to influence and challenge risk management activities and decisions. Operational risk is the risk resulting from inadequate or failed internal controls and processes, people, systems, or external events. Operational risk is inherent in all Wells Fargo products and services as it often arises in the presence of other risk types. The risk professional in this role will be accountable for developing an understanding of the Finance functions, products, services, and relevant industry issues. 

In this role, you will:

• Oversee and challenge the Enterprise Finance function across all aspects of the risk management life cycle (plan, identify and assess, control, monitor and report, test and validate).

• Perform independent risk assessment of the Finance function, including Financial Reporting Risk.

• Review and challenge Finance risk acceptances and new business initiatives.

• Use subject matter expertise and industry knowledge to provide independent oversight and credible challenge to Finance’s operational risk management activities.

• Engage with Finance leadership, Control Executive teams, Business Management, and Independent Risk teams to promote a strong operational risk culture.

• Actively engage in key Finance risk governance routines including strategic planning sessions, governance committees and business reviews.

• Identify and escalate conflicts with risk management results and expected business outcomes.

• Influence appropriate risk management prioritization by the front line to enable Finance to meet strategic objectives, while meeting operational risk program expectations.

• Evaluate cross-program and cross-group analytics to identify opportunities and best practices to influence stronger risk management. 

• Active engagement with IRM risk teams supporting various risk types to ensure appropriate alignment and prioritization.

• Develop and deliver oversight content summarizing the results of the independent risk assessment activities.

• Provide a business-centric view to IRM risk programs as needed.

• Engage with businesses, as appropriate, to effect changes to the operational risk program. 

• Partner with both internal and external stakeholders, including resources from all three lines of defense.

Required Qualifications:

• 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:

• Understanding of the Finance functions (Controller, Treasury, Business Finance, Financial/Regulatory Reporting) business operations, processes, and products where they manifest risk.

• Proven leadership skills to influence change and drive alignment across all levels of stakeholders to develop and deliver repeatable end-to-end risk management solutions.

• Strong executive communication skills, in both written and verbal formats.

• Meaningful knowledge of the enterprise risk management frameworks and the ORM Methodology, including risk identification, risk appetite and strategy, processes and controls, risk analytics and governance, ORM execution and monitoring routines, and risk management programs.

• Ability to rationalize operations to drive efficiency.

• Strong strategic and conceptual thinking skills.

• Strong project management experience.

• Ability to interact effectively with all levels of an organization.

• Data and analytical skills with attention to detail and accuracy.

• Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills.

 Job Expectations:

• This position offers a hybrid work schedule.

Locations:

• 401 S Tryon St – Charlotte, NC

• 600 S 4th St – Minneapolis, MN

• 800 S Jordan Creek Pkwy – West Des Moines, IA

• 250 E John Carpenter Frwy – Irving, TX

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