This position will support the WFBI Operational Risk manager and wider WFBI Operational Risk team for all day-to-day Operational Risk activities, including the development, implementation and monitoring of operational risk based programs across WFBI.
Working in the Operational Risk team, the role will be responsible for all aspects of WFBI operational risk input to and collaboration with EMEA wide project.
Responsibilities will include the identification, assessment, measuring, monitoring and mitigation of all operational risk that arise from inadequate or failed internal processes, people, systems or external events, while maintaining a balance between risk mitigation and operational efficiency.
This position, under the leadership of the WFBI Operational Risk manager, will also work closely with the EMEA Operational Risk team to ensure appropriate implementation of regional initiatives.
Delivery of Operational Risk Framework components across WFBI within agreed timelines. Including but not limited to:
Contribute in developing, implementing and monitoring risk based programs to identify, assess and mitigate any operational risk that arises within WFBI and where required the EMEA region.
Take primary responsibility for the coordination and completion of work stream activities and issues within WFBI for the Operational Risk team specifically related to a defined EMEA wide project.
Represent WFBI Operational Risk on specific deliverables for the EMEA wide project including leading Operational Risk specific topics requiring resolution.
Collaborate with members of the EMEA Operational Risk Team as part of a shared platform approach for the delivery of operational risk aspects of the EMEA wide project.
Partner with WFBI OR manager to enhance the WFBI Risk Control Self- Assessment (RCSA) and Business Process Risk Management program (BPRM), providing oversight and credible challenge to pertinent businesses and Support Functions, ensuring risk identification and control effectiveness are assessed, measured, monitored and reported on an ongoing basis.
Assess all Operational Risk Incidents pertinent to WFBI and provide appropriate review and challenge. Work with business partners to identify risk mitigation plans, considering wider impact on the EMEA region.
Manage self-disclosure of risks and proactively monitor Shared Risk Platform issues and corrective actions impacting WFBI to ensure that progress is being made, information is updated in the system, closure of issues are appropriately verified and items of concern are escalated in line with procedures.
Assist with the development and analysis of KRIs, and Risk Appetite Statement metrics for WFBI Operational Risk and where required the EMEA region.
Support the business in developing a clear understanding of its operational risk profile and subsequent responsibilities. Provision of operational risk support, advice and guidance to ensure appropriate operating procedures and controls are in place across WFBI and where required the EMEA region.
To maintain internal control standards, including timely mitigation of internal and external audit points, together with any issues raised by external auditors or regulators across WFBI and, where required, the EMEA region.
Support the operation of the WFBI and, where required, the EMEA region governance structures, providing accurate and timely reporting and attend appropriate governance committees.
Deliver solutions to local regulatory requests and ensure timely updates are provided.
Cross train to support depth of coverage within WFBI Operational Risk team and where required the EMEA OR team.
Develop and deliver training around lessons learned from internal and external events.
Market Skills and Certifications
Extensive experience within Banking and Finance industry, including a significant amount of experience in Operational Risk.
Experience of delivery of Operational Risk Programs.
Project management experience.
Knowledge of lending operations and operating models.
Extensive experience in the performance of Operational Risk identification/assessments (RSCA and Basel III) and the identification and setting of risk indicators.
Knowledge of operational risk methodologies.
Strong commercial awareness of the risk drivers and financial activities of a banking services operation.
Demonstrated ability to build partnering relationships across the company at all levels (persuasive, good listener and assimilator of ideas and perspectives).
Excellent analytical skills, with the ability to identify problems and develop solutions.
Proven interpersonal, organisational and communication skills.
Ability to work effectively with change.
Relevant business/accounting degree or equivalent.
Operational Risk qualification a plus.
Wells Fargo 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. As a Wells Fargo team member, you 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.