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Wells Fargo CIB Operational Risk Officer aligned to Capital Markets Lending and Advisory in New York, New York

Job Description

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as 'Personal Cell' or 'Cellular' in the contact information of your application.

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.

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

As the company's second line of defense, Corporate Risk — or Independent Risk Management — provides independent oversight of risk-taking activities. Independent Risk Management establishes and maintains Wells Fargo's risk management program and provides oversight, including challenges to and independent assessment of, the frontline's execution of its risk management responsibilities. We manage risk according to the Risk Management Framework and ensure all employees understand their individual accountability for managing risk.

The Corporate and Investment Banking (CIB) Operational Risk Officer - Business Oversight role is responsible for the independent oversight of front line operational risk management effectiveness for CIB's Banking businesses inclusive of Debt & Equity Capital Markets, Mergers & Acquisitions, Asset Backed Finance, and traditional Corporate & Investment lending products. This role will engage with business and risk resources within the front line to influence and challenge risk management activities and decisions as well as alignment to the Risk Management Framework via oversight of Risk & Control Self-Assessment, Issues Management, New Business Initiatives, Operational Risk Events, and related operational risk programs. Operational risk is the risk resulting from inadequate or failed internal controls and processes, people and systems, or resulting from external events. Operational risk is inherent in all Wells Fargo products and services as it often arises in the presence of other risk types.

This role will develop specific subject matter expertise for the Corporate & Investment Banking Group and will be considered a thought leader and assist the business oversight leader with all matters pertaining to Operational Risk coverage and oversight. In this capacity, this role reviews and challenges significant Front Line operational risk program execution, including, but not limited to, business continuity, payments, external fraud, information risk management, safety and physical security, transaction processing and execution, third-party risk management and various risk assessment policies and programs.

The Operational Risk professional in this role will also develop detailed understanding of business strategy, the customer base, products and services and other relevant industry issues, frameworks and emerging risks. Support leadership and other consultants with execution of the work, documentation, and reporting, as well as leading tactical efforts related to the overall scope of work. Support relationships with business partners and staff.

Specific responsibilities will include, but not be limited to, the following:

  • Oversee and challenge the Corporate & Investment Banking function across all operational risk routines including – plan, identify and assess, control and mitigate, test and validate, monitor and report

  • Use subject matter expertise and industry knowledge to provide independent oversight and credible challenge to the Line of Business' operational risk management activities

  • Engagement with the Control Executive teams, Business Management and Independent Risk teams to promote a strong operational risk culture

  • Understand, review and challenge the Enterprise Functions front line risk acceptances and new business initiatives

  • Influence appropriate risk management prioritization by the front line to enable the business to meet strategic objectives, while meeting operational risk program expectations

  • Leverage experience to bring industry leading standards, practices and tools to the organization

Required Qualifications

  • 7+ 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 7+ years of financial services industry experience, of which 5+ years must include direct experience in risk management

Desired Qualifications

  • Excellent verbal, written, and interpersonal communication skills

  • Ability to interact with all levels of an organization

  • Ability to work and influence successfully within a matrix environment and build effective business partnerships with all levels of team members

  • Ability to take initiative and work independently with minimal supervision in a structured environment

  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment

  • Advanced Microsoft Office (Word, Excel, and Outlook) skills

  • Strong analytical skills with high attention to detail and accuracy

  • Ability to articulate complex concepts in a clear manner

Other Desired Qualifications

  • Experience with Debt & Equity Capital Market deal origination and syndication inclusive of security and loan issuance

  • Experience with Asset Backed Finance origination and distribution activities

  • Awareness of Investment & Corporate Banking practices and processes inclusive of M&A capabilities

  • Familiarity with regulatory requirements and governing bodies related to an Investment Bank

  • Experience leading, or providing oversight of, issue identification & management, risk and control self-assessments, business process mapping, and other framework elements of an Operational Risk program


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.

Benefits Summary


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Company: Wells Fargo

Req Number: 5571746-1

Updated: 2021-04-17 01:16:25.786 UTC

Location: New York,NY