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Senior Operational Risk Specialist at Wells Fargo

Senior Operational Risk Specialist

Wells Fargo Minneapolis, MN (Onsite) Full-Time
About this role:

Wells Fargo is seeking a Senior Operational Risk Specialist in Operational Risk as part of Corporate Risk. Learn more about the career areas and lines of business at

This newly created position will be a part of the Corporate & Investment Bank (CIB) and International Operational Risk Business Oversight (ORBO) organization and aligned to the CIB Banking Team. The candidate may be required to support other CIB ORBO teams (Commercial Real Estate, Fixed Income Currency & Commodities, and/or Equities) on ad hoc activities. The CIB Banking ORBO team provides operational risk oversight of all Banking businesses and has joint oversight responsibilities for oversight of the Client Support and Transformation (CST) team.

This role will be a critical part of the Banking team, focused on RCSA execution while providing real time data requests, ensuring Independent Risk Management artifacts are retained, contributing to weekly reporting, RAU execution status, KRI analysis and risk profile monitoring. This role will require strong excel experience and ability to actively contribute to RCSA execution.

In this role, you will:
  • Manage the development, implementation, and monitoring of a risk-based program for a business or large functional area with moderate to high risk to identify, assess and mitigate operational risk that arises from inadequate or failed internal processes, people, systems, or external events
  • Maintain a balance between risk mitigation and operational efficiency
  • Evaluate the adequacy and effectiveness of policies, procedures, processes, systems, and internal controls
  • Analyze business and system changes to determine impact, assess operational risk issues, and assign risk ratings consistent with established policy standards
  • Provide operational risk expertise and consulting to complex business units for initiatives with high risk
  • Design and develop testing strategies, methodologies and analyses
  • Consult with the business to develop corrective action plans and effectively manage change
  • Identify training opportunities
  • Design and coordinate the development of training materials and coordinate or deliver training
  • Report findings and develop business cases to influence management on the need for controls to mitigate risk
  • Manage and coordinate production of periodic operational risk performance reports for management, including trend research and recommended strategies
  • Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals
Required Qualifications, US:
  • 4+ years of Operational Risk experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
  • Experience or exposure to Corporate and Investment Banking, with preference for Banking (i.e. corporate lending and/or Equity Capital Markets) experience
  • Demonstrated success with influencing business units to identify, formulate and implement processes/procedures to mitigate risk
  • Strong Excel and reporting skills inclusive of creating pivot tables for analysis
  • Experience in a related operations, risk management, audit or compliance role
  • Experience with evaluating processes, risks, and control design and performance
  • Strong understanding of risk functions, business operations or processes
  • Experience or familiarity with Risk and Control Self-Assessments (RCSA), Risk Assessable Units (RAU), internal and external loss events, issues management, and key risk indicators
  • Excellent verbal, written, and interpersonal communication skills
  • Ability to interact with appropriate levels of an organization
  • Ability to work independently, as well as in a team environment while establishing and maintaining effective working relationships
  • Ability to anticipate and ask the right questions to assess all facets of an effort
  • Ability to prepare and deliver data in a way that is concise/ understandable
Job Expectations:
  • Ability to work at one of the approved locations in the job posting
  • This positions offers a hybrid work schedule
  • This position is not eligible for Visa sponsorship
Posting locations:
  • Charlotte, NC
  • Minneapolis, MN
  • Plano, TX
  • Tempe, AZ
  • St Louis, MO
  • West Des Moines, IA
Preferred location(s) listed above. Other locations within the Wells Fargo footprint may be considered for current Wells Fargo Corporate Risk employees.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees 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.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

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