• Job Description

  Req#: R-270224

  About this role:

  Wells Fargo is seeking a Lead Operational Risk Officer...

  This individual, in partnership with the front line and independent risk management, will lead scenario analysis execution efforts to assess material operational risks across the enterprise covering each business group and enterprise function. This dynamic role will leverage experience and knowledge of risk management and business functions to effectively analyze and quantify hypothetical ‘tail risk’ events to support risk management and capital adequacy planning.

  
  In this role, you will:

  • Work with the scenario champion to identify participants, develop starter scenarios, develop a data pack, prepare a workshop deck, and train participants who are new to the scenario analysis process.
  • Facilitate workshop meetings with anywhere from 10 to 30 subject matter experts. Promote active engagement and challenge, while managing bias and working with participants to reach consensus and deliver robust results with well-supported rationale.
  • Facilitate meetings between workshops and conduct research to establish underlying assumptions, develop strawman scenario estimates, and work with SMEs to drive out other actions that make for efficient and effective workshops.
  • Package workshop results in a summary deck and distribute to participants. Consolidate feedback and work with scenario champion to affirm results.
  • Work with scenario champion to present results to governance for review, challenge, and approval. Finalize nine-quarter pathing and selection of severity estimate associated with the scenario for use in stress testing.
  • Ensure that all artifacts supporting end-to-end execution of the scenario are posted to SharePoint and distributed for use by other risk management programs.
  • Support execution and continuous enhancement of the GSA program, which is comprised of Enterprise Scenario Analysis (ESA), Business Level Scenario Analysis (BLSA), and International Scenario Analysis (ISA) through activities such as
  • Update procedures, controls, templates, job aides, and training materials across GSA to promote efficient, effective, well-controlled, and consistent execution.
  • Improve use of data and assessments across multiple sources to inform scenario analysis workshops while automating production of data packs.
  • Enhance integration between GSA and other risk programs such as Stress Testing, Capital, ERIA, and RCSA.
  • Provide oversight, feedback, advice, and support to BLSA and ISA scenario coordinators to help ensure that their scenario results are robust, well-supported, and appropriately cross-calibrated.
  • Support other ESA scenario coordinators with facilitation of their workshops by taking on roles such as co-facilitation and whiteboarding.
  • Identify and sharing best practices across the GSA program and being an active participant in the Scenario Analysis Community of Practice.
  • Support independent reviews of scenario analysis by such parties as Operational Risk Assurance, Internal Audit, and regulators from the OCC and FRB.

  
  Required Qualifications, US:

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

  
  Desired Qualifications:

  • Proven experience in building partnerships, collaborating and influencing at senior levels and across lines of business as well as with corporate partners
  • Ability to articulate complex concepts in a clear manner to audiences at various levels.
  • Ability to analyze information with a high attention to detail and accuracy
  • Intellectual curiosity with the desire to continuously learn, g row and work within operational risk management
  • Experience using Analytical skills to review risk data, identify trends and be able to tell the story.
  • Experience with Project management related skills to facilitate and manage meetings, workshops, trainings and or multiple like priorities at one time.
  • Demonstratable experience scenario analysis or stress testing.

  
  Job Expectations:

  • Ability to work at one of the approved posting locations on a hybrid schedule; Preferred location(s) listed.
  • This position is not eligible for Visa sponsorship.

  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, age, 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.

  Drug and Alcohol Policy

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

• About the company

  Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco.

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