Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Market Job Description
EMEA TPE & SPS risks Operational Risk Officer:
The Transaction, Processing & Execution (including payments and implementation risks) and Safety Physical Security risks Risk Officer will be a part of the EMEA Operational Risk Coverage Programs team with responsibility for oversight of TPE & SPS risks horizontally across the Region and applicable Legal Entities (LEs). TPE & SPS risks Officer will provide subject matter expertise and oversight for TPE & SPS risks. This includes establishing and maintaining policies that may be region and /or LE specific to TPE & SPS risks; providing credible challenge in conjunction with the Operational Risk Business Oversight teams to the Front Line for risks controls, and programs related to TPE & SPS risks; overseeing adherence to Operational Risk Group and Strategic Enterprise Risk Management guidance and risk governance requirements across the risk management lifecycle for TPE & SPS risks; aggregating exposure for these risks; creating and monitoring Region and/or Legal Entity specific operational risk key indicators for these risks; and evaluating and reporting on Regional and/or Legal Entity risk appetite for these risks.
Will lead the execution of the TPE & SPS risks programs, including maintaining any region specific TPE & SPS risk Policies, providing challenge to the business on the implementation of the policies, and supporting the key program components. Key functions include maintaining regional and/or Legal Entity specific program documentation, processes, and procedures; creating and maintaining oversight of testing and validation processes associated with TPE & SPS risks, creating and maintaining oversight of region specific TPE & SPS risks training and communication plans; executing oversight of key risk assessments and measurement programs, including review of new business initiatives, and creation of metrics and key indicators to measure and monitor TPE & SPS risk analysis and communication to highlight areas of acute or emerging risks for the EMEA Region and any applicable Legal Entity in scope.
Responsible for TPE & SPS effectiveness in identification, assessment, and mitigation of these risk across business groups and Legal Entities (in scope) identified in the EMEA Region.
Demonstrates a high level of efficiency in effective communication and collaboration with enterprise wide business groups and cross functional business partners
Develop and document governance and credible challenge routines and standard operating procedures
Lead governance routines as outlined in Operational Risk Coverage Programs (ORCP) Target Operating Model
Provide comprehensive view into TPE SPS Risk Program integration into Risk Management Framework and Operational Risk Management Capabilities (ORMCs)
Provide Enterprise Risk Title governance and support across Business Groups and Risk Types for the EMEA Region and Legal Entities in scope.
Engage in ORCP governance routine representing TPE & SPS interests across Business Groups and Risk Types including New Business Initiatives in the EMEA Region and/or Legal Entities in scope.
Monitoring emerging risks, key risk measures and policy management
Perform credible challenge routines with issues management, risk event escalations, operational losses, testing & validation, Risk Control Self-Assessments (RCSA) to support executing a Risk Assessment to build an EMEA and/or LE Risk Profiles that would be integrated into the overall TPE & SPS risks Profile.
Collaborate with Enterprise TPE & SPS teams, when applicable, to identify and manage synergies, dependencies, and common challenges
Market Skills and Certifications
: Extensive experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) or experience of financial services industry experience, of which some must include direct experience in risk management
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
Transaction Processing, Safety Physical Security experience and expertise with additional combined expertise in any of the following:
Policy, Governance and Business Oversight
Measurement & Reporting Oversight
New Business Initiatives and Product Oversight
Independent Risk Assessments
Payment products, clearing and settlement processes or practices, money movement including securities related transactions.
Change Management – Project Management
Meaningful knowledge of an enterprise risk management framework, including: risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance
Strong understanding of a corporate risk function, business operations, processes, products and customer interactions where they manifest risk
Strong interpersonal, influencing, and communications skills with an ability to interact effectively with stakeholders across the organization, which includes virtual,
Strong understanding of corporate and/or business policies, and programs
Flexibility and business savvy to navigate a complex, highly-matrixed organization
Job Expectations: Ability to travel up to 10% of the time
We Value Diversity
At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.
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.
Internal Number: 50287BR
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
www.wellsfargo.com | Twitter: @WellsFargo