Wells Fargo Operational Risk Consultant 3 in Minneapolis, Minnesota

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. We focus on three key risk areas: credit risk, operational risk and market risk. We help our management and Board of Directors identify and monitor risks that may affect multiple lines of business, and take appropriate action when business activities exceed the risk tolerance of the company.

Enterprise Testing & Validation is the testing arm of the Cards and Retail Services Compliance (CRS). We are responsible for testing, issue identification, root cause analysis, and reporting on compliance and operational risk for the CRS businesses. This includes Consumer Financial Services, Retail Services, and Servicing / Collections / Executive Office.

The Operational Risk Consultant 3 role is an individual contributor that will be focused on the development and execution of internal compliance and control reviews for CRS. These reviews provide value-added control environment assessments and risk mitigation recommendations to the CRS lines of business and their existing processes while still maintaining a balance with operational efficiency. This position will lead the execution of testing engagements, specifically for collections and recovery.

The ideal candidate will be able to exhibit strong writing capabilities in a risk management capacity, demonstrate influence and negotiation skills with all levels of management and team members, business acumen, and a strong understanding of risks and controls within business processes. The successful candidate will also demonstrate high performance in a current or previous risk management role and be able to establish credibility with their leadership and partners through a balance of high productivity, technical expertise, and robust relationship management skills. A clear, established ability to solve problems and implement solutions independently in a fast-paced environment with limited guidance is critical.

This is an exciting opportunity for a dynamic, ambitious candidate to be a part of the compliance and operational risk review activities program in Wells Fargo, and provide risk leadership and expertise in a high visibility environment.

Responsibilities:

  • Lead moderately complex reviews with limited assistance and guidance of manager. Fully understand the testing process, and make recommendations for improvement

  • Provide guidance to less experienced consultants on risk management principles, including evaluating the adequacy and effectiveness of control design and control performance during testing engagements

  • Review, apply, and educate on risk management business writing concepts to ensure issues and recommendations are clearly communicated to senior LOB leadership based on substantive evidence compiled during the testing engagement

  • Continuously enhance the use of data analytics and automated testing as a more efficient means of measuring adherence to compliance and operational risk requirements

  • Develop partnerships with line of business contacts and others within testing engagements

  • Coordinate with Testing Managers and colleagues to ensure consistent application of Testing Program standards

  • Effectively execute walkthroughs within our business areas

  • Act as subject matter expert regarding testing topics for a supported line of business (Cards, Retail Services, etc.) and/or a line of business function (collections, servicing, etc.)

  • Demonstrate ability to identify and utilize multiple resources to conduct research, learn and apply regulations and processes

  • Complete all reviews and other projects on time, and with good quality. Proactively assists others facing resource constraints.

Other Wells Fargo Locations Will Be Considered

Required Qualifications:

  • 2+ 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

  • 2+ years of experience in one or a combination of the following: additional compliance, additional operational risk management, IT systems security, business process management or financial services industry experience; or a BS/BA degree or higher in business or a related field

Desired Qualifications:

  • Intermediate 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

  • Knowledge and understanding of application testing methodologies, tools, and-execution

  • Experience developing partnerships and collaborating with other business and functional areas

  • Ability to take initiative and work independently with minimal supervision in a structured environment

  • Strong quantitative and qualitative analysis skills

  • Experience identifying key issues, involve affected parties, design solutions, obtain buy-in, and communicate effectively through resolution

  • Certified Internal Auditor (CIA), Certified Information Systems Auditor, (CISA) Certification in Control Self-Assessment (CCSA), Certified Information Systems Security Professional, (CISSP) or other risk management discipline certification

  • Experience working with internal and external auditors and examiners

  • 1+ year of collections or recovery experience

  • Audit or internal controls testing experience

  • Experience creating, executing, and documenting compliance testing

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=5439197&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.