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Operational Risk Consultant 4 - Asset Management Risk

Wells Fargo | Menomonee Falls WI 53052 USA | Full Time | Posted: 06/14/2019

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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.

Wealth and Investment Management (WIM) businesses build enduring client relationships through sound, thoughtful and objective advice. We help our clients by developing individualized plans for everything from retirement goals to business succession planning, to family legacy intentions. Services include comprehensive planning and advice, investment management, brokerage, private banking, estate planning strategies, trust, and both individual and institutional retirement.

Wells Fargo Asset Management (WFAM) is in the Wealth Investment Management (WIM) business of Wells Fargo.  WFAM strives to deliver superior investment capabilities and solutions to help clients achieve their financial goals. 

WFAM offers the expertise of over 29 investment teams, each focused on specialized, niche portfolio management strategies, to meet the diverse needs of clients. Collectively, they provide clients with a broad array of investment options across all major asset classes, including actively managed equity, fixed-income, liquidity, stable value, and alternative investments.

Investment strategies are accessible through a variety of product structures, including institutional separate accounts, retail separately managed accounts, mutual funds (open-end, closed-end, variable trust), private funds (hedge funds, commingled investment vehicles, medium term note programs), and Luxembourg-domiciled funds (UCITS).

We have over 1,000 dedicated team members, including more than 500 investment professionals, providing a global reach with offices and clients around the world.

Specifically, this position will support the Wells Fargo Asset Management (WFAM) Risk Team and provide operational risk oversight, perform risk assessments, participate in projects and reviews covering the WFAM Line of Business.

May also support WFAM’s risk appetite program and risk management reporting of various business areas, affiliated managers and its distributor within the WFAM line of business.  Reporting audiences may include various executive and senior management levels of WFAM, Corporate Risk and WIM Risk, and WFAM product boards.

In WIM Control we focus on three key risk areas: credit risk, operational risk and market risk and 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.

This role will be responsible for developing, implementing and monitoring a risk-based program to identify, assess and mitigate any operational risk that arises from inadequate or failed internal processes, people, systems or external events, while maintaining a balance between risk mitigation and operational efficiency.

Works with assigned business units providing operational risk expertise and consulting for projects and initiatives with moderate to high risk.

Interfaces with enterprise and line of business subject matter experts to facilitate the implementation of Corporate policies in various risk disciplines.

Develops testing strategies and methodologies that evaluate the adequacy and effectiveness of policies, procedures, processes, systems and internal controls; analyzes business and/or systems changes to determine impact; identifies and assesses operational risk issues and assigns risk ratings consistent with established policy standards.

Consults with business to develop corrective action plans and effectively manage change. Identifies training opportunities; may design/coordinate the development of training materials and deliver training.

Reports findings and drafts recommendations to mitigate risk to operational risk and business line management.

Coordinates production of periodic operational risk performance reports for senior management, including trend analysis and recommended strategies.

May manage project teams and provide guidance to less experienced specialists/consultants.

**The following locations will be the only locations that will be considered.
San Francisco – 525 Market Street CA 94105
Boston – 125 High Street, MA 02110
Charlotte - 401 S Tryon Street, NC 28202
Menomonee Falls - 100 Heritage Reserve, WI 53051

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
  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment

Other Desired Qualifications
  • Experience in a risk role, Investment Advisory and/or Broker/Dealer business including experience with mutual funds, separate accounts, private funds, investments, and /or trading.
  • Ability to lead and coordinate efforts/projects through strong leadership, patience, influence, relationship building, collaboration and partnership skills with peers and leaders.
  • Demonstrated success with collaborating and positively influencing business partners to identify, formulate and implement processes/procedures to mitigate risk.
  • Ability to work independently, self-directed, and working with ambiguity.
  • Effective partnering and influencing skills as well as comfort with performing in cross functional and matrixed environments
  • Familiarity with the Investment management business.
  • Ability to evaluate and assess risk inherent in processes and situations in order to develop appropriate action plans.
  • Ability to lead and coordinate efforts/projects through strong leadership, patience, influence, relationship building, collaboration, and partnership skills with peers and leaders.



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.

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Location Menomonee Falls, WI, 53052, United States
Categories Quality Assurance/Safety

Location Maptop

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Job Code 5490290-2

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