About this role: Wells Fargo is seeking a Lead Enterprise Risk Officer to join its Enterprise Risk team, with responsibility for leading the risk analytics team.
You will assist the CRO, Deputy CRO, Head of Credit Risk and members of the wider risk leadership team in managing core risk data reporting, including IFRS 9 model data components, to facilitate ongoing risk oversight and reporting; oversight of model risk; and input and challenge of annual regulatory stress testing and data submissions.
In this role, you will: Lead the production of core credit risk reporting data, underpinning management and Board level reporting.
Support quarterly credit risk regulatory report submission and quarterly credit risk appetite metric calculations.
Manage IFRS 9 loss provision model data components (including engagement with group model service providers).
Lead and direct a team with limited supervisory focus.
Support the CRO and wider Risk function in oversight of conformance with and understanding of the data management framework requirements (including BCBS 239 requirements).
Input and challenge of annual regulatory stress testing and data submissions; annual strategic plan; annual ICAAP and annual risk appetite processes.
Lead model risk oversight, including oversight of outsourced agreements with group model risk management and model governance teams Review moderately complex business, operational, or technical challenges that require an in depth evaluation of variable factors Utilize risk knowledge to issue resolutions for moderate to high-risk companywide projects and initiatives Develop, implement, monitor and interpret, risk based governance programs, create new policies and guidelines Resolve moderately complex issues and lead team to meet risk area, projects and process deliverables, while leveraging solid understanding of the risk policies, procedures and compliance requirements Lead and manage multiple concurrent initiatives Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals Partner with managers to coordinate risk reporting to executive management, committees, and Board of Directors Required Qualifications: Experience in Risk Management (Compliance, Financial Crimes, Operational Risk, Audit, Legal, Credit Risk, Market Risk) or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education Desired Qualifications: Thorough knowledge of the local regulatory environment.
Analytical problem solver with a strategic mindset, ability to understand and analyse large complex databases and datasets.
Strong understanding of modelling and stress testing concepts and high-level ability to analyse and interpret data and create comprehensible insight from a business/management perspective.
Advanced proficiency in coding (SAS / SQL).
Understanding of enterprise risk management foundational programmes and regulatory requirements (specifically relating to IFRS 9, BCBS 239 and Capital).
Excellent stakeholder management, team leadership and communication skills; Posting End Date: 13 Feb 2025 *Job posting may come down early due to volume of applicants.
We Value Diversity 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.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities.
Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
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: a.
Third-Party recordings are prohibited unless authorized by Wells Fargo.
b.
Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.