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EMEA Operational Risk Business Oversight Manager

Employer
Wells Fargo
Location
Lambeth, UK
Salary
Competitive
Closing date
Oct 21, 2019

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Job Role
Risk Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
London United Kingdom: United Kingdom About Wells Fargo: Wells Fargo & Company (NYSE: WFC) is a leading global financial services company with $2.0 trillion in assets and offices in over 37 countries. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides asset management, capital raising and advisory, financing, foreign exchange, payments, risk management, and trade finance services to support customers who conduct business in the global economy. At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We also value the viewpoints of our team members and encourage them to be their best. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Learn more at our International Careers website. Market Job Description: The EMEA Operational Risk Business Oversight manager role is responsible for the independent oversight of front line operational risk management effectiveness of Line of Businesses. This role is expected to engage with business and risk resources within the front line to influence and challenge risk management activities and decisions. Operational risk is the risk resulting from inadequate or failed internal controls and processes, people and systems, or resulting from external events. Operational risk is inherent in all Wells Fargo products and services as it often arises in the presence of other risk types.This role will develop specific subject matter expertise on Line of Businesses will be considered a thought leader and will assist the business oversight leader with all matters pertaining to Operational Risk coverage and oversight. The Operational Risk professional in this role will also develop detailed understanding of business strategy, the customer base, products and services and other relevant industry issues, frameworks and emerging risks. Assist leadership with strategy development, key driver in execution of the work function, will also serve as a key contact for business partners and staff.Specific Responsibilities include:Oversee and challenge the Line of Businesses across all operational risk routines including - plan, identify and assess, control and mitigate, test and validate, monitor and reportPerform independent risk assessment of the Line of Businesses functions, inclusive of emerging risksReview and challenge of the Line of Businesses risk acceptances and new business initiativesUse subject matter expertise and industry knowledge to provide independent oversight and credible challenge to the Line of Business' operational risk management activitiesDirect engagement with the Control Executive teams, Business Management and Independent Risk teams to promote a strong operational risk cultureActive engagement in key Line of Businesses risk governance routines inclusive of strategic planning sessions, governance committees and business reviewsOversee and challenge the Line of Businesses front line across all operational risk routines including - plan, identify and assess, control and mitigate, test and validate, monitor and reportStrategically support the Business Oversight Leader with the performance of an independent risk assessment of the Line of Businesses front line, inclusive of emerging risksUnderstand, review and challenge the Line of Businesses front line risk acceptances and new business initiativesIdentify and escalate to business oversight leadership conflicts with risk management results and expected business outcomesInfluence appropriate risk management prioritization by the front line to enable the business to meet strategic objectives, while meeting operational risk program expectationsEvaluate cross-program and cross-group analytics to identify opportunities and best practices to influence stronger risk management practices by the businessActive engagement with IRM risk teams supporting various risk types to ensure appropriate alignment and prioritizationDevelop and deliver oversight content summarizing the results of the independent risk assessment activitiesDevelop and maintain relationships with Business Managers, Independent Risk teams, and Group Control Executive teamsFacilitate IRM-sourced issues to the Line of Businesses as neededProvide a business-centric view to IRM Risk Programs as neededBusiness engagement to drive and effect changePartners with both internal and external stakeholders, including resources from all three lines of defenseSuccessfully review and challenge business operational risk management practices and outcomesBuild and sustain a strong risk culture including a balanced approach through working in cooperation and consultation with all lines of defense across the enterprise Market Skills and Certifications: Required QualificationsStrong 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 of IT systems security, business process management or financial services industry experience, of which 6 years must include direct experience in compliance, operational risk management, or a combination of bothExtensive management experienceDesired Qualifications: Advanced Microsoft Office skillsExcellent verbal, written, and interpersonal communication skillsStrong analytical skills with high attention to detail and accuracyAbility to interact with all levels of an organizationAbility to articulate complex concepts in a clear mannerDQO0007397 Knowledge/Skills/Ability Strong strategic and conceptual thinking skillsDQO0013556 Knowledge/Skills/Ability Leadership skills including the ability to influence effectively in a matrix environmentOther Desired Qualifications: Meaningful knowledge of an enterprise risk management framework, including: risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governanceStrong understanding of a corporate risk function, business operations, processes, products and customer interactions where they manifest riskSubject matter expertise in Line of Businesses and Enterprise Control ActivitiesStrong interpersonal, influencing, and communications skills with an ability to interact effectively with stakeholders across the organization, which includes virtual, matrixed leadership experienceStrategic leadership skills to drive alignment across stakeholder groups to develop and deliver repeatable end to end risk management solutionsStrong understanding of corporate and/or business policies, and programsDemonstrated professional ability that embodies the Wells Fargo Vision and Values and leadership competenciesProven ability to scope, manage and execute complex risk management initiatives with high quality and timely deliveryFlexibility and business savvy to navigate a complex, highly-matrixed organizationExperience providing reporting and updates to senior-level managementRequires a developed sense for strong relationship management, and can exert influenceBe articulate and possess a demonstrated capability to organize, scope and execute complex initiatives across a complex, heavily matrixed corporate environmentJEO0000179 Travel Ability to travel up to 25% of the time Leadership Expectations at Wells Fargo: As a Team Member manager, you are expected to achieve success by leading yourself, your team, and the business. Specifically you will:Lead your team with integrity and create an environment where your team members feel included, valued, and supported to do work that energizes them.Accomplish management responsibilities which include sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks. We Value Diversity: At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate. Region: EMEA

Location:
England

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