Transaction Processing & Execution Risk Consultant

Wells Fargo - New York, NY

Job Description
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.

As a member of our Operational Risk Management and Analysis (ORMA) Team, these newly created Operational Risk Consultant 5s (ORC5s) will be part of the Independent Risk Management (IRM) aligned to Transaction Processing and Execution (TPE) Risk at the firm, including regular reporting to risk management committees, and quarterly reporting to the Risk Committee of the Board.

These ORC5s will support and coordinate risk management efforts with other IRM programs in the firm, including but not limited to:

Enterprise Risk Identification Program
Integrated Process Risk and Control Assessment Program
Enterprise Testing Program
Enterprise Issue Management Program
Enterprise Risk Measurement Program (Key Risk Indicators and Risk Appetite Metrics)

The ORMA Team is responsible for:
Providing an aggregate independent enterprise wide view of TPE-related risk management (execution, delivery, and process management) within the Company
Providing oversight of the related control environments
Providing a holistic perspective of the residual risk impact to the Company
Performing monitoring (including metrics) and reporting on risks associated with the risk type
Promoting awareness of appropriate risk management in the related areas and processes generating the risk
As a Team Member, these ORC5s will be responsible for, but not limited to:

Leading development of annual plan for targeted risk assessments with risk based approach utilizing data including issues, operational internal losses, external losses, and other key business external and internal control factors
Executing process-based risk assessments inclusive of understanding inherent risk, control effectiveness, and residual risk

Executing various general risk oversight processes including:
Reviewing front line mitigation/remediation plans for known control gaps and providing advice on mitigation effectiveness and alternative mitigation approaches
Developing processes, procedures, templates, and reporting to provide independent risk management oversight of TPE related processes, risks and controls
Analyzing and overseeing Wells Fargo’s front line team’s implementation of appropriate control environments to manage TPE risk
Performing review of the work products produced across the enterprise according to risk program requirements and deadlines
Attending steering committees and work groups to ensure appropriate TPE risk management coverage
Developing governance routines to support review, challenge, monitor, report, and escalate TPE risk
Identifying, documenting, executing, and escalating credible challenges
Managing governance process for Transaction Execution Processing Issues Log
Effectively collaborating with business partners in the front line and IRM in the establishment of risk management processes and appropriate control environments
These ORC5s will partner with both internal and external stakeholders, including senior management from all three lines of defense, as well as agency representatives from the Federal Reserve Bank (FRB) and the Office of the Comptroller of the Currency (OCC).

Required Qualifications

10+ 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 10+ years of IT systems security, business process management or financial services industry experience, of which 5+ 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
Ability to articulate complex concepts in a clear manner
Exposure to Wells Fargo RCSA (Risk and Control Self Assessment) tool

Other Desired Qualifications
Proven progressively responsible career growth
10+ years of professional experience in Financial Services with SR 15-18 firms, with experience covering banking, insurance, investments, mortgage, and consumer and commercial financial services
Experience developing enterprise risk management governance/framework
Experience with Key Risk Indicators (KRI), Key Performance Indicators (KPI), and/or Risk Appetite
Experience with risk management-related analysis, including thematic reviews
Experience with management-level governance committee and/or new business/products
Knowledge of Basel II event types, especially execution, delivery, and process management

Job Expectations

Ability to travel up to 5% of the time

Salary Information
The salary range displayed below is based on a Full-time 40 hour a week schedule.

NC-Charlotte: Min: $110,600 Mid: $158,000
NY-New York: Min: $132,700 Mid: $189,600
NJ-Perth Amboy: Min: $132,700 Mid: $189,600
CA-SF-Financial District: Min: $132,700 Mid: $189,600

Street Address
NC-Charlotte: 301 S Tryon St - Charlotte, NC
NY-New York: 463 Broadway - New York, NY
NJ-Perth Amboy: 214 Smith St - Perth Amboy, NJ
CA-SF-Financial District: 333 Market St - San Francisco, CA


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.