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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.
Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk. The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.
The Capital & Stress Testing team within the Operational Risk Foundational Components group, supports the end-to-end operational risk capital adequacy and stress testing process across the organization. The team is responsible for Advanced Measurement Approach capital planning and executing the annual Comprehensive Capital Analysis and Review (CCAR) by aggregating and assessing the reasonableness and completeness of the loss projections from the material risk estimation workstreams (e.g. Modeling, Scenario Analysis, and Legal). The team also contributes to the operational risk submission of required regulatory schedules and narratives. The team's responsibilities include ongoing monitoring of applicable material operational risks for capital planning purposes as well as the oversight and execution of the Business Level Scenario Analysis process – in support of more granular business level scenario analysis which may inform the stress test, but is designed to augment broader risk management efforts within the organization.
The Role: Operational Risk Sr Associate
The Operational Risk Capital & Stress Testing team (ORCAST) has an opportunity for a new position to support the growth and build-out of RMSA.
This position will be responsible for managing and leading projects and activities in support of Operational Risk Stress Testing at the firm, with heavy emphasis on support of the development and implementation of the build-out and execution of the Risk Management Scenario Analysis Tool and associated processes and controls as well as providing leadership and support in the ongoing efforts related to the execution of CCAR/DFAST and MCST.
Support the program lead in developing and maintaining firm-wide standards for the Business Level Scenario Analysis (BLSA) Framework
Provide end-to-end planning and coordination of the BLSA scenario analysis workshop meetings, including support of p of standard materials to be used during the meeting(s), Workshop facilitation, note taking, and following up, when needed.
Critically assess the risk management scenarios for reasonableness of the design and assumptions, accuracy of quantification
Ensure that Lines of Business and support functions including Independent Risk Management (IRM) have a clear understanding of the methodology utilized in the development of the RMSA scenarios
Manage the migration of BLSA library to a dedicated online risk manage
Provide support for the end-to-end CCAR loss aggregation process
Provide thought leadership and execution support in the implementation of various enhancements for operational risk stress testing
Execute ongoing monitoring of applicable material operational risks leveraged in annual capital stress testing
Effectively collaborate with members of the Operational Risk Foundational Components team as well as complementary risk review teams
This position will work closely with both internal and external stakeholders, including senior management from all three lines of defense.
5+ years of experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) or 5+ years of financial services industry experience, of which 3+ years must include direct experience in risk management demonstrated through work or military experience
Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
Good attention to detail and accuracy skills
Good analytical skills including analyzing complex data
Good project management skills
Excellent verbal, written, and interpersonal communication skills
Ability to exercise independent judgment and creative problem solving techniques
Outstanding problem solving and analytical skills with ability to turn findings into strategic imperatives
Ability to interact with all levels of an organization
Ability to manage complex projects in a large enterprise environment
Ability to manage multiple and competing priorities
Ability to work effectively in virtual environment where key team members and partners are in various time zones and locations
Ability to work independently
Experience delivering results in a fast-paced, deadline driven environment
Other Desired Qualifications
Ability to create and maintain SharePoint collections, sites, libraries, lists, workflows and forms
Operational Risk experience/expertise
CCAR/DFAST/Stress Testing experience
Experience supporting Corp Treasury line of business
All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women. Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.
Internal Number: 5554078-1
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