Job Description Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through our many locations, ATMs, the internet (wellsfargo.com) and mobile banking. To learn more, Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.Join the Corporate Risk Model Risk Governance (MRG) team as a key contributor reporting to the Corporate Operational Risk Model Risk Governance Program Leader. This role will serve as an advisor to Corporate Operational Risk\u2019s executive/senior management team and deliver governance and oversight for the model risk governance program. This position will play a key role in the establishment of controls to ensure compliance with the new WF Non-Model QTM program and policy, which is currently in development. This position will also drive compliance with the WF Model Risk Management Policy and supporting standards, and deliver the program in support of the Corporate Risk Model Risk Officer, Model Owners, and key model stakeholders.The TeamThe Operational Risk Group is responsible for independently overseeing the management of operational risk exposures (including monitoring and reporting on aggregate operational risk exposures across groups, legal entities, geographies and jurisdictions) and the quality of operational risk management practices across the company. The Corporate Risk \u2013 Model Risk Governance Program team focuses on the oversight and governance of the Corporate Risk Model Inventory in support of the Corporate Risk Model Risk Officer, Mark D\u2019Arcy. Specific responsibilities include: Develop strong understanding of the WF Model Risk Management policy, supporting standards, and related policies and standards (CCAR, EUC, G&O/Enterprise Data Governance Policies). Enforce adherence to WF Model Risk Management Policy, supporting standards, and related policies and standards as appropriate. Engage with the new WF Non-Model Risk Management program and the development of the policy and supporting guidance for the program, providing insights and feedback to the program manager to drive a solid implementation. Ensure the Corporate Risk Non-Model portfolio is well controlled and new requirements and implementation milestones are met in alignment with program requirements. Oversee the key risks and controls for the Model governance program, document framework of controls and requirements; perform compliance assessments as needed; document procedures and support key stakeholders. Engage with interactions with WFAS that impact the portfolio, and lead the interactions with the Corporate Model Risk (CMoR) team during annual CMoR governance review. Take a leadership role in external regulatory exams that are focused on Models and non-models; ensure model and non-model related MRAs and MRIAs impacting the Corporate Operational Risk portfolio are well managed and that remediation is completed and validated. Take a leadership role in the development and delivery of the Corporate Risk Quarterly Model Risk Committee meeting and any other key operational risk or executive-level meetings and updates including updates to the Corporate Model Risk Committee related to progress on Non-Model work. Support the Model Risk Officers and the Model Owners to ensure compliance with key Model risk policies and standards. Engage with COE leaders, Corporate Functional Model Oversight, and Corporate Model Risk teams to ensure compliance with policy, and to partner across key initiatives and efforts to support model risk governance across the firm. Develop materials for key meetings including the Quarterly Model Risk Committee, other ops risk quarterly meetings with the regulators, and other interactions with leadership. Ensure that procedures are documented for Corporate Risk; maintain robust sharepoint. Partner with the analytics manager on the team to develop and deliver key reporting and metrics for the Quarterly Model Risk Committee and other key ops risk meetings. Collaborate with peers across WF to help implement best practices and drive efficiency opportunities for model governance and oversight. Serve as a role model demonstrating commitment to diversity and inclusion and Wells Fargo\u2019s culture and core values. Our ideal candidate will have strong analytical, organizational governance, oral and written communication skills with the demonstrated ability to partner with the senior leaders and work in a matrixed organization. Furthermore, our ideal candidate will clearly demonstrate the following experience, knowledge and/or abilities.
Location: Flexible within the Wells Fargo footprint 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 Operational risk management experience Experience with Stress Testing processes and governance Experience with Model Risk Governance or related model risk experience Experience communicating with regulators, auditors and other oversight bodies Exceptional reporting, presentation, and project management skills Business savvy to navigate a complex, highly-matrixed organization Experience with the Model Risk Inventory, MoRS Ability to translate ambiguous ideas/issues into well-defined plans/solutions Ability to set appropriate deliverable timelines and follow-through Ability to analyze broad and deep business operations, as well as, ability to present complex concepts in a clear manner and in the right voice for the intended audience Ability to lead through adversity and adjust to changing priorities Ability to anticipate and ask the right questions to assess all facets of an effort Self-motivation ability to be adaptable to a dynamic work environment with multiple priorities and strict timelines
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.
Website : https://www.wellsfargo.com/
Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The companys Community Banking segment offers checking and market rate accounts, savings and time deposits, individual retirement accounts, and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and credit and debit cards. This segment also provides equipment leases, real estate and other commercial financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, health savings accounts, and merchant payment processing and private label financing solutions, as well as purchases retail installment contracts. Its Wholesale Banking segment offers commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management, investment management, institutional fixed-income sales, interest rate, commodity and equity risk management, insurance, corporate trust fiduciary and agency, and investment banking services, as well as online/electronic products. This segment also provides construction, and land acquisition and development loans; secured and unsecured lines of credit; interim financing arrangements; rehabilitation loans; affordable housing loans and letters of credit; loans for securitization; commercial real estate loan servicing; and real estate and mortgage brokerage services. The companys Wealth, Brokerage, and Retirement segment offers financial advisory, wealth management, brokerage, retirement, trust, and reinsurance services. As of March 7, 2014, it operated through 9,000 locations and 12,000 ATMs, and offices in 36 countries, as well as through wellsfargo.com. The Company was founded in 1852 and is headquartered in San Francisco, California.