What are the responsibilities and job description for the Senior Lead Operational Risk Officer - Consumer Lending Operational Risk position at Wells Fargo?
About This Role
Wells Fargo is seeking a Senior Lead Operational Risk Officer within the Consumer Lending Operational Risk team (CL ORBO). The CL ORBO team is responsible for providing independent oversight of front-line operational risk management effectiveness of the Consumer Lending business. Operational Risk is the risk resulting from inadequate or failed internal controls and processes, people and systems, or resulting from external events.
This role will be responsible for conducting data-driven analysis across various areas such as Risk & Control Environment, Issue Management, Operational Risk Events etc., understand concentration of high risks and provide actionable insights to drive effective risk outcomes. The role is expected to engage with senior business and risk leaders, influence and challenge risk management activities, evaluate trade-offs and facilitate effective decision making.
This role will also develop detailed understanding of business strategy, the customer base, products/services, relevant industry issues/emerging risks, advanced analytical techniques and serve as the subject matter expert across Operational Risk and execute the vision of expanding data-driven analytics across Operational Risk in Wells Fargo.
In This Role, You Will
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$144,400.00 - $300,000.00
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
13 Mar 2025
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Applicants With Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment And Hiring Requirements
R-438999-5
Wells Fargo is seeking a Senior Lead Operational Risk Officer within the Consumer Lending Operational Risk team (CL ORBO). The CL ORBO team is responsible for providing independent oversight of front-line operational risk management effectiveness of the Consumer Lending business. Operational Risk is the risk resulting from inadequate or failed internal controls and processes, people and systems, or resulting from external events.
This role will be responsible for conducting data-driven analysis across various areas such as Risk & Control Environment, Issue Management, Operational Risk Events etc., understand concentration of high risks and provide actionable insights to drive effective risk outcomes. The role is expected to engage with senior business and risk leaders, influence and challenge risk management activities, evaluate trade-offs and facilitate effective decision making.
This role will also develop detailed understanding of business strategy, the customer base, products/services, relevant industry issues/emerging risks, advanced analytical techniques and serve as the subject matter expert across Operational Risk and execute the vision of expanding data-driven analytics across Operational Risk in Wells Fargo.
In This Role, You Will
- Perform highly complex analytics leveraging data across areas such as Risk & Control, Operational Risk Events/Losses, Issue Management etc. and other business specific data to understand pockets of high concentration of operational risk.
- Oversee analytical deliverables, generate innovative ideas to solve complex business/risk problems, identify appropriate analytical techniques, develop analytic plans, conduct advanced analytics and summarize insights into crisp packages.
- Build routines to proactively track and analyze key metrics and bring forward actionable insights in a timely manner.
- Utilize advanced analytical techniques/decision sciences to answer complex questions by leveraging a wide array of risk and business data.
- Translate highly complex analysis into simple/actionable insights and create compelling stories in power point for effective decision making.
- Leverage technology tools to automate repeatable tasks to drive efficiencies/strengthen controls.
- Own analytical process supporting CL ORBO team and ensure good documentation/ governance exists across core processes.
- Build connections with the data and reporting teams across the enterprise, keep up with the data knowledge and influence data/reporting teams to supplement/aid analytics.
- Guide and mentor other junior members on the team.
- 7 years of Operational Risk experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Master's degree or higher in a quantitative discipline such as mathematics, statistics, engineering, economics, or computer science.
- 7 years of hands-on programming experience using languages such as SAS, SQL, Python, etc.
- Strong analytical skills with high attention to detail and accuracy.
- Risk Management and Consumer Lending Finance experience.
- Experience communicating insights and recommendations using data in a digestible format to a non-technical audience of varying levels, including leadership.
- Advanced Microsoft Excel and Power Point skills with the ability to create compelling visualization to support analytical output and put effective stories together.
- Experience leading cross-functional teams across multiple geographies and significant experience influencing stakeholders.
- Ability to take ambiguous business problems, determine data-needs, come up with creative solutions and create digestible presentations for non-technical audience across various levels of the company.
- This position offers a hybrid work schedule.
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Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$144,400.00 - $300,000.00
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
13 Mar 2025
- Job posting may come down early due to volume of applicants.
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Applicants With Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment And Hiring Requirements
- Third-Party recordings are prohibited unless authorized by Wells Fargo.
- Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
R-438999-5
Salary : $144,400 - $300,000
