Wells Fargo Operational Risk Officer- Corporate and Investment Banking Salary in the United States

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 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 Enterprise Functions Operational Risk Business Oversight consultant role is responsible for the independent oversight of front line operational risk management effectiveness of a specific enterprise function.  This role is expected to engage with business and risk resources within the front line to influence and challenge risk management activities and decisions.  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, will be considered a thought leader and will 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. 

Enterprise Operational Risk Corporate Investment Banking will be seeking 4 Operational Risk Officers to support the Banking and Macro and Spread pillars. 

Specific responsibilities include:
• 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
• Perform independent risk assessment of the Corporate & Investment Banking function, inclusive of emerging risks
• Review and challenge of the Corporate & Investment Banking function risk acceptances and new business initiatives
• 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
• Active engagement in key Corporate & Investment Banking risk governance routines inclusive of strategic planning sessions, governance committees and business reviews
• Oversee and challenge the Corporate & Investment Banking front line across all operational risk routines including – plan, identify and assess, control and mitigate, test and validate, monitor and report
• Support the Business Oversight Leader with the performance of an independent risk assessment of the Enterprise Functions front line, inclusive of emerging risks
• Understand, review and challenge the Enterprise Functions front line risk acceptances and new business initiatives
• Identify and escalate to business oversight leadership conflicts with risk management results and expected business outcomes
• Influence appropriate risk management prioritization by the front line to enable the business to meet strategic objectives, while meeting operational risk program expectations
• Evaluate cross-program and cross-group analytics to identify opportunities and best practices to influence stronger risk management practices by the business
• Active engagement with IRM risk teams supporting various risk types to ensure appropriate alignment and prioritization
• Develop and deliver oversight content summarizing the results of the independent risk assessment activities
• Develop and maintain relationships with Business Managers, Independent Risk teams, and Group Control Executive teams
• Facilitate IRM-sourced issues to the Enterprise Functions as needed
• Provide a business-centric view to IRM Risk Programs as needed
• Business engagement to drive and effect change
• Partners with both internal and external stakeholders, including resources from all three lines of defense
• Successfully review and challenge business operational risk management practices and outcomes
• Build and sustain a strong risk culture including a balanced approach through working in cooperation and consultation with all lines of defense across the enterprise
• Leverage experience to bring industry leading standards, practices and tools to the organization

• 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

• Investment banking experience
• Capital markets experience
• Experience in the Securities industry including Financial Institutions coverage
• Knowledge and understanding of financial products: exposure to fixed income securities, derivatives, and foreign exchange
• Knowledge and understanding of theoretical pricing of cash, derivatives, commodities, or foreign exchange
• Knowledge and understanding of credit or risk management in the municipal or non-profit sectors
• 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

• Ability to travel up to 10% of the time

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.