Job Description

About this role: Wells Fargo is seeking a Lead Operational Risk Officer... The purpose of the role I am requesting to backfill is to provide general ledger (GL) monitoring as well as support for data quality and validation, the risk measurement and KRI process, and program reporting to satisfy compliance for the fraud policy. The role requires specific knowledge of the Wells Fargo general ledger, as well as familiarity with the fraud policy and the fraud measurements process. This role is critical because it helps ensure accurate and timely loss reporting and analysis, as well as validation of underlying data elements. Some details of the various areas of responsibility include the following: G/L Monitoring/Support Monthly and ad hoc internal and external fraud loss and recovery general ledger reporting for the enterprise by business group, line of business and GL account implied product type Large dollar, summary subledger and aggregation by descriptions, general ledger transaction analysis, trending and reporting Reconcilement and maintenance of an accurate list of fraud general ledger accounts Ensure total enterprise net fraud loss is reconciled to the sum of all individual business groups by line of business reported net fraud loss Data Quality/Validation Support FITRO Independent Operational Risk Assessment source reporting for data validation Perform monthly source validations to include Issues, CPE, general ledger, plan, forecast, and business group inputs to enable consolidated enterprise metric calculations and reporting Risk Measurement Support Calculate and provide monthly net fraud loss GL based metrics for management review pre- and post-month end Calculate and report FITRO linear net fraud loss forecast and enterprise by business group plan/forecast comparisons to monthly net fraud loss Calculate and apply inner and outer boundaries for cascaded metrics Consolidate business group metrics to enable enterprise reportable enterprise metrics Program Reporting Provide required compliance monitoring, analysis and response for the Fraud Loss and Recovery General Ledger Reporting section of the fraud policy. Compliance monitoring and validation for the following fraud policy sections: Net Fraud Loss Plan Questionnaire template and net fraud loss variance to net fraud loss plan Net Fraud Loss Forecast template and net fraud loss variance to net fraud loss forecast Non-Cascaded Fraud Metrics template Cascaded Fraud Metrics templateDevelop, 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 Design and develop the most complex 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 executive management, management committee member or head of business on the need for controls to mitigate risk Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals Lead project or virtual teams and mentor less experienced staff Required Qualifications, International: Experience in Operational Risk or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education 10+ years of Operational Risk experience Primary Requirements: Excellent verbal, written, and interpersonal communication skills Strong analytical skills with high attention to detail and accuracy, and ability to draw conclusions and translate findings from complex data Experience gathering, analyzing and interpreting large datasets Ability to execute in a fast paced, high demand environment while prioritizing work and balancing multiple priorities Advanced Microsoft Office skills Ability to work effectively in a team environment and across all organization levels, where flexibility, collaboration and adaptability are important Ability to exercise independent judgement and creative problem solving techniques 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. Drug and Alcohol Policy Wells Fargo maintains a drug free workplace. Please see our to learn more.

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