Wells Fargo Operational Risk Consultant 4 in El Paso, Texas

At Wells Fargo, we have one goal: to satisfy our customers’ financial needs and help them achieve their dreams. 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.

Wholesale Banking provides financial solutions to businesses across the United States and globally. Our nine major business lines include 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 the Investment Portfolio. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses.

Financial Institutions Group (FIG): Financial Institutions Group is one of nine major lines with Wholesale Banking. It is a specialized coverage team responsible for national relationships with financial services providers. Relationships span across a broad range of industries, including: Insurance, Securities brokerage, Asset Management, Exchanges, Payment Processing, Financial Technology, Title and Escrow, Consumer and commercial.

FIG’s mission is to build long lasting relationships with Financial Institutions globally by providing premier solutions, bringing industry and geographic expertise, and delivering a holistic Wells Fargo experience.

The FIG Compliance and Operational Risk (FIG COR) Team of FIG, is searching for an Operational Risk Consultant to assist us in achieving our goals.

The Operational Risk Consultant within FIG COR will be responsible for SHRP (Business Profile Management and eRCSA) administration and management.

This position will provide first line of defense and implementation support on evaluating Major Compliance Requirements and Major Policy Requirements that must be evaluated and dispositioned in SHRP. In addition, this role will be required to address all eRCSA deliverables as well as ensure that the system of record appropriately represents FIG’s overall risk profile. The qualified individual will act as a key subject matter expert associated to these programs, drive implementation of requirements and provide support the FIG COR team on all reporting requirements.

In addition, the successful candidate will be expected to provide recommendations and assessments on potential impacts, as well as provide implementation awareness and progress to strategic stakeholders within FIG COR and our 2nd LOD partners.

SHRP Business Profile Program Management

Support the maintenance and execution of the FIG risk management program by collaborating with Wholesale Group Risk Office (WGRO), Wells Fargo Complance (WFC), and other stakeholders in regard to both project and business-as-usual efforts. Examples of ongoing/ maintenance activities include:

  • Collaborate with FIG risk teams, WGRO, WFC, and other stakeholders to ensure SHRP framework and approach is consistent with corporate and group policy, procedure, and standards.

Responsibilities include:

  • Assist with SHRP major requirements (MR) evaluation process across FIG; engaging with appropriate subject matter experts throughout the process.

  • Review SHRP to ensure data supports acceptance or rejection of allocated MR, with thorough substation and rationale.

  • Review inherent (i.e. likelihood and frequency) risk ratings and supporting rationale for completeness and accuracy.

  • Review controls of accepted MRs for completeness and accuracy.

  • Assist in the production of reporting aimed at summarizing MR review observations, and present to stakeholders.

  • Maintain line of business profile within SHRP to ensure accuracy and address necessary changes in light of revisions to system requirements, modified products/ service offerings, and other factors.

Assist FIG management in SHRP driven risk assessment and reporting activities, including:

  • Annual Enhanced Risk Assessment (ERA)

  • Risk and Control Self-Assessment (RCSA)

  • Operational Risk Dashboard (ORD)

SHRP eRCSA Program Management

  • Supporting the Risk and Control Self-Assessment (RCSA): Updating risk and control assessment ratings and supporting information, collection of metrics and reporting to management to support the validation and attestation to RCSA deliverables.

  • Assisting with the development of the quarterly Business Environment Changes review

  • Assessment Global Business Environment Changes added to eRCSA by proponents to determine applicability and impact to FIG.

Overall, other duties for this position include, but are not limited to:

  • Provide oversight, guidance and credible challenge

  • Build strong partnerships and collaborate effectively with business partners.

  • Assist with ad-hoc projects

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 and if 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.

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:

  • Ability to interact with all levels of an organization

  • Advanced Microsoft Office skills

  • Excellent verbal, written, and interpersonal communication skills

  • Strong analytical skills with high attention to detail and accuracy

How to Express Interest in This Job: Wells Fargo invites you to apply for this job at https://employment.wellsfargo.com/psc/PSEA/APPLICANTNW/HRMS/c/HRSHRAMFL.HRSCGSEARCHFL.GBL?Page=HRSAPPJBPST_FL&FOCUS=Applicant&SiteId=1&JobOpeningId=5403738&PostingSeq=1.

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.

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.