Operational Risk Consultant 4 Wholesale Financial Crimes Risk Control Governance Reporting in New York, New York | DiversityInc Careers
 
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Operational Risk Consultant 4 Wholesale Financial Crimes Risk Control Governance Reporting

Job Description

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.

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, insurance, investments, mortgage, and consumer and commercial finance through more than 8,200 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Wholesale Banking
Wholesale Banking, led by Perry Pelos, provides financial solutions to businesses across the United States and globally, with annual sales generally in excess of $5 million. It has nine major business lines, including: Business Banking, Middle Market Banking, Government and Institutional Banking, Corporate Banking, Commercial Real Estate, Financial Institutions Group, Wells Fargo Commercial Capital, Wells Fargo Securities, and Principal Investments. It also has groups in credit risk, operational risk and compliance, finance, marketing, human relations, and the Wholesale Chief Operating Office supporting its businesses.

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.


The Role
The Wholesale Financial Crimes Risk & Control (WFCRC) team is responsible for the coordination, oversight and ultimate execution of Wholesale Banking’s commitments to key internal and external stakeholders as it relates to the management of financial crimes risk with the Wholesale Bank. In addition to having responsibility for Wholesale Banking’s execution of the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) program, WFCRC is also responsible for the remediation of the OCC BSA/AML Consent Order. This team will partner with line of business (“LOB”), operations, risk and compliance team members, Wholesale Control Executive Office, Enterprise Financial Crimes Risk Management, Wells Fargo Audit Services, and Testing & Validation to advocate and ensure alignment in scope, purpose, expectations and execution of the Wholesale Financial Crimes Program. The team will achieve this through a focus on strong communication, strategic planning, thoughtful and meaningful tracking/reporting, and timely escalation and change management.

The newly created Wholesale Financial Crimes Governance team is responsible for providing program operational support, acting as liaison to stakeholders and partners, and developing various governance programs to comply with Enterprise risk requirements.

In general, an ORC4 is responsible for developing, implementing and monitoring risk-based programs to identify, assess and mitigate any operational risk that arises from inadequate or failed internal processes, people, systems or external events, while maintaining a balance between risk mitigation and operational efficiency. May provide oversight to an operational risk program. Works with complex business units and provides operational risk expertise and consulting for projects and initiatives with high risk. May provide systems security consulting on complex issues. Designs and develops testing strategies, methodologies and analyses; evaluates the adequacy and effectiveness of policies, procedures, processes, systems and internal controls; analyzes business and/or system changes to determine impact, identifies and assesses operational risk issues and assigns risk ratings consistent with established policy standards. Consults with business to develop corrective action plans and effectively manages change. Identifies training opportunities; designs/coordinates the development of training materials delivers or coordinates training delivery. Reports findings and develops business cases to influence senior management on the need for controls to mitigate risk. Manages and/or coordinates production of periodic operational risk performance reports for senior management, including trend analysis and recommended strategies. Manages project teams and may provide guidance to less experienced consultants. May directly manage 1-2 specialists/consultants.

Individual Responsibilities
This ORC4 will specifically be focused on supporting WFCRC Governance Enterprise/FCRM Governance Reporting team while interacting with senior leadership and major stakeholders. Responsibilities include the following:

  • Create and maintain management information reporting processes and procedures
  • Develop and maintain template for WFCRC BSA/AML Program Dashboards until a viable reporting tool is available
  • Generate WFCRC BSA/AML Program Dashboards, review MoM results, and provide assessment of deltas identified
  • Work with team lead to identify opportunities to streamline and/or enhance various WFCRC metrics and management reporting
  • Work with WFCRC Risk Insight & Metrics team to enhance efficiency in data gathering and report production
  • Create and maintain an inventory of WFCRC reports and metrics
  • Maintain an up to date Wholesale Business Hierarchy listing and history of changes and integrate hierarchy changes into program tools, templates, checklists, and reporting as appropriate. Ensure that changes are communicated to WFCRC verticals and teams
  • Assess and develop applicable action for updates to Corporate and Wholesale Policies, Standards, and guidance that may have an impact on management information reporting
  • Support various administrative functions, including but not limited to, maintaining up to date report contact and stakeholders lists to ensure appropriate collection and dissemination of Management Information Reports



The Candidate
Leadership, integrity, and credibility will be determining factors in selection. Successful candidates will be articulate and possess a demonstrated leadership capability; they will be impressive in their inter-personal effectiveness and with regard to their accomplishments. It requires a team member with strong relationship management, influencing, vision and execution skills. A key differentiator will be the ability to understand and operate successfully in a complex, heavily matrixed corporate environment. The role requires a sense of urgency, passion for results, and personal accountability for achievement.



Required Qualifications

  • 6+ years of experience in compliance, operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk), or a combination of both; or 6+ years of IT systems security, business process management or financial services industry experience, of which 3+ years must include direct experience in compliance, operational risk management, or a combination of both



Desired Qualifications

  • 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



Other Desired Qualifications
  • 5+ years of experience in working at a large, complex, and globally-diverse financial institution where primary responsibility is focused in one or a combination of the following: Bank Secrecy Act, anti-money laundering, investigations of financial crimes transactions or policy violations, risk management, or fraud
  • Experience in Wholesale financial crimes risk control governance reporting
  • Experience with business intelligence/dashboard systems (Tableau, Qlikview)
  • 3+ years of experience in Financial Crimes Management Information Reporting. Knowledge of regulatory expectations and industry reporting standards
  • 3+ years of SQL development experience
  • 3+ years of experience with large databases (Teradata preferred), including query performance tuning and analysis experience
  • Advanced Microsoft Office skills PowerPoint and Excel with the ability to create advanced Macros
  • Ability to consume raw data and translate into meaningful, actionable MI
  • Understanding of Wells Fargo enterprise standards for control documentation




Street Address

NC-Charlotte: 301 S Tryon St - Charlotte, NC
NY-New York: 150 E 42nd St - New York, NY
MN-Minneapolis: 2701 Wells Fargo Way - Minneapolis, MN
CA-Concord: 1655 Grant Street - Concord, CA



Disclaimer


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.


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