Operational Risk Consultant 4 - Commercial Banking Risk Governance

Wells Fargo   •  

Des Moines, IA

Industry: Manufacturing


5 - 7 years

Posted 21 days ago

This job is no longer available.

Job Description

At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Wholesale Banking provides financial solutions to businesses across the United States and globally. Our four major business lines include Corporate & Investment Banking, Commercial Banking, Commercial Real Estate, and Wells Fargo Commercial Capital. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses. Note: Additional OCC language is required to be added to Wholesale job openings. This language should be added at the bottom of the job description.

This role will be responsible for assisting with development and execution of Commercial Banking risk governance processes including risk committees, policy implementation management operations, quarterly risk-related attestations, new products, and escalation reporting.

Specific responsibilities will include:

  • Support establishment and maintenance of routines to support the Commercial Banking Risk Committee, including material preparation, distribution, and tracking of any action items or escalations required
  • Coordinate activities that monitor compliance with governance matters, including the accuracy of information in reports, regulatory risk related attestations, and adherence to policy
  • Develop executive-level presentations and other informational materials to be used in committees, councils, and regulatory meetings
  • Establish reporting requirements and supporting routines to provide visibility into the health of the overall risk portfolio to Commercial Banking Control and Business executives and partner with the Analytics, Reporting and Administration team to synthesize the report
  • Coordinate governance processes and supporting routines to maintain an inventory of credit products owned by Commercial Banking to support corporate and Wholesale policy requirements for any new products or business initiatives
  • Coordination of Commercial Banking's Customers' Legal Entities Risk Appetite Countries – "CLERAC" process to support corporate and Wholesale policy requirements

***** Job posting may be removed earlier than stated close date due to volume of applicants.

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume prior to submitting your application for consideration. If you are a Wells Fargo Team Member, in your Jobs Profile ensure that your email address is valid and updated to an address that can receive external emails outside of the banking network. Initial contact with you will be made via e-mail. Please check your e-mail regularly for updates. If you plan to be away the office, update to include your personal email to ensure you do not miss communication through the selection process.

Team members 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.

Required Qualifications

  • 6+ years of experience in compliance, operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk), or a combination of both; or 6+ years of IT systems security, business process management or financial services industry experience, of which 3+ years must include direct experience in compliance, operational risk management, or a combination of both

Desired Qualifications

  • Advanced Microsoft Office skills
  • Excellent verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy
  • Ability to interact with all levels of an organization
  • Ability to synthesize complex analytical findings into executive level communications
  • Ability to consult, build, and maintain solid working relationships in and outside of immediate department
  • Ability to evaluate risks and the impact of decisions on an overall organization
  • Ability to articulate complex concepts in a clear manner
  • Ability to identify inefficiencies, opportunities tostreamline business processes, and implement change

Other Desired Qualifications

  • Meeting facilitation experience in leading discussions that result in consensus and commitment

Job Expectations

  • Ability to travel up to 10% of the time