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Deposit Product - Systems/Payments/Fraud Operational Risk ORC6

Company: Wells Fargo Bank
Location: Wilmington
Posted on: December 5, 2019

Job Description:

Job Description
Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. -- In order to receive text message invitations, your profile must include a mobile phone number designated as ------Personal Cell------ or ------Cellular------ in the contact information of your application.At Wells Fargo, we want to satisfy our customers------ financial needs and help them succeed financially. 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.Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk.The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.The Deposit Product - Systems/Payments/Fraud Operational Risk ORC6 role is responsible for the independent oversight of front line operational risk management effectiveness of PVSI. 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 provide Deposit Product subject matter expertise to the PVSI Group, will be considered a thought leader and will assist the business oversight leader with all matters pertaining to Operational Risk coverage and oversight. -- In this capacity, this role reviews and challenges significant Front Line operational risk program execution, including, but not limited to, the Deposit Product business with a focus on systems, info security, payments (Zelle/P2P payments, Billpay, Wires, Debit Card) and fraud operational risk 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. This role will assist leadership with strategy development, be a key driver in execution of the work function, and will serve as a key contact for business partners and staff.Specific Responsibilities include:

  • Oversee and challenge the Deposit Products Risk function across all operational risk routines including ------ plan, identify and assess, control and mitigate, test and validate, monitor and report
  • Perform independent risk assessment of the Deposit Products Risk function, inclusive of emerging risks
  • Use subject matter expertise and industry knowledge to provide independent oversight and credible challenge to the Line of Business------ operational risk management activities
  • Direct engagement with the Control Executive teams, Business Management, and Independent Risk teams to promote a strong operational risk culture
  • Active engagement in key PVSI risk governance routines including strategic planning sessions, governance committees, and business reviews
  • Oversee and challenge the PVSI business and front line control teams across all operational risk routines including ------ plan, identify and assess, control and mitigate, test and validate, monitor and report
  • Strategically support the Deposit Products Group Business Oversight Leader with the performance of an independent risk assessment of the PVSI front line, inclusive of emerging risks
  • Understand, review and challenge the PVSI front line risk acceptances and new business initiatives
  • Identify and escalate to business oversight leadership conflicts with risk management results and expected business outcomes
  • Influence appropriate risk management prioritization by the front line to enable the business to meet strategic objectives, while meeting operational risk program expectations
  • Evaluate cross-program and cross-group analytics to identify opportunities and best practices to influence stronger risk management practices by the business
  • Active engagement with IRM risk teams supporting various risk types to ensure appropriate alignment and prioritization
  • Develop and deliver oversight content summarizing the results of the independent risk assessment activities
  • Develop and maintain relationships with Business Managers, Independent Risk teams, and Group Control Executive teams
  • Facilitate IRM-sourced issues to PVSI as needed
  • Provide a business-centric view to IRM Risk Programs as needed
  • Business engagement to drive and effect change
  • Partners with both internal and external stakeholders, including resources from all three lines of defense
  • Build and sustain a strong risk culture including a balanced approach through working in cooperation and consultation with all lines of defense across the enterprise
  • Leverage experience to bring industry leading standards, practices and tools to the organization

    Required Qualifications
    • 12+ 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 12+ years 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 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
      • Strong strategic and conceptual thinking skills
      • Leadership skills including the ability to influence effectively in a matrix environment
      • 10+ years of deposit products experience

        Other Desired Qualifications
        • Deposit Product business and risk expertise with a focus on:
          • Deposit and Payment systems
          • Information security within payments or deposit products
          • Payments (Zelle/P2P payments, Billpay, Wires, Debit Card)
          • Electronic payment fraud, operational risk and oversight
          • Experience and expertise in Innovation strategy and processes and risk management activities
          • Meaningful knowledge of an enterprise risk management framework, including: risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance
          • Strong understanding of an enterprise risk function, business operations, processes, products and customer interactions where they manifest risk
          • Strong interpersonal, influencing, and communications skills with an ability to interact effectively with stakeholders across the organization, which includes virtual, matrixed leadership experience
          • Strategic leadership skills to drive alignment across stakeholder groups to develop and deliver repeatable end to end risk management solutions
          • Strong understanding of corporate and/or business policies, and programs
          • Demonstrated professional ability that embodies the Wells Fargo Vision and Values and leadership competencies
          • Proven ability to scope, manage and execute complex risk management initiatives with high quality and timely delivery
          • Flexibility and business savvy to navigate a complex, highly-matrixed organization
          • Experience providing reporting and updates to senior-level management
          • Requires a developed sense for strong relationship management, and can exert influence
          • Be articulate and possess a demonstrated capability to organize, scope and execute complex initiatives across a complex, heavily matrixed corporate environment

            Job Expectations
            • Ability to travel up to 25% of the time

              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.

Keywords: Wells Fargo Bank, Wilmington , Deposit Product - Systems/Payments/Fraud Operational Risk ORC6, Other , Wilmington, Delaware

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