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    VP, Lead Operational Risk Officer - Toronto, Canada - WELLS FARGO BANK

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    Full time
    Description
    About this role:

    Wells Fargo is seeking a VP, Lead Operational Risk Officer who is an experienced independent risk management professional within the second line of defense. The VP will have the mandate of implementing a consistent, collaborative, and sustainable approach to risk type oversight horizontally across the Americas Region (Canada and Latin America), applicable legal entities, and globally.

    Reporting into the Americas Head of Operational Risk, you will be responsible for the ongoing execution of oversight routines and will work cross-functionally with multiple stakeholders and support partners within the region and globally.

    In this role, you will:
    • Develop, implement, and monitor risk-based programs to identify, assess, and mitigate any 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 extremely complex business and system changes to determine impact, identify operational risk issues and participate in the development of risk ratings
    • Provide operational risk expertise and consulting to complex business units for initiatives with high risk, generally spanning multiple business lines
    • Consult with the business to develop corrective action plans and effectively manage change
    • Review and challenge adequacy and efficiency of the front-line controls and associated metrics and measures; create reports and memos communicating oversight results
    • Report findings and develop business cases to influence executive management, management committee member or head of business on the need for controls to mitigate risk
    • Support responses to internal testing, audits, and regulatory exams
    • Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals with a 'one Wells Fargo' mindset
    Required Qualifications:
    • 5+ years of Operational Risk experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
    Desired Qualifications:
    • Excellent verbal, written and interpersonal communication skills
    • Demonstrated ability to work effectively with virtual and/or geographically dispersed teams
    • Experience in analyzing and reporting operational risk information from a legal entity and non-US horizontal perspective
    • Knowledge of Commercial Banking lines of business, i.e. commercial lending, equipment financing/inventory financing and supporting processes/technology
    • Experience in providing oversight for Canadian operational risk regulatory requirements
    • Experience in providing operational risk oversight for cross-border businesses
    • Experience in reviewing and challenging Risk and Control Self-Assessment data
    Job Expectations:
    • Required to work during our core business hours; however flexibility is required for early and evening meetings as part of the international engagement model
    Posting End Date:
    17 May 2024
    *Job posting may come down early due to volume of applicants.

    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, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

    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.

    Applicants with Disabilities

    To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

    Drug and Alcohol Policy

    Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.


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