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Operational Risk Consultant 3 - Third Party Risk Management
Location:
Minneapolis , Minnesota
Posted:
October 19, 2017
Reference:
5355416-1
Job Description

It starts with you. Our goal is to attract, develop, retain and motivate the most talented people - those who care and who work together as partners across business units and functions. We value and promote diversity and inclusion in every aspect of our business and at every level of our organization.

At Wells Fargo, we invest in our people. Our diverse lines of business offer unique opportunities to expand your knowledge and advance your career.

This Operational Risk Consultant role is an exciting opportunity to join a team and function committed to providing Wells Fargo with world-class risk management. Wells Fargo Retirement Operational Risk is searching for a highly motivated Operational Risk Consultant to be located in either Minneapolis, MN or Charlotte, NC. This is an exciting opportunity for qualified candidates to join a team of professionals who are solutions-oriented and customer-focused.

This position is responsible for developing, implementing and monitoring a risk-based operational risk program to identify and mitigate operational risk associated with Third Party Risk Management. This position acts as a resource to the assigned business units for the risk assessment process, coordinates training and completion of risk assessments, and reviews risk assessments to ensure quality and that key dates and critical requirements are being met. This position will consult with business unit representatives, provide education and training, and assist in the completion of all program requirements. This includes ensuring that third-party relationships and engagements are properly documented within the Third Party Risk Information Management System (TRIMS), and ensuring that all appropriate assessments and reviews are completed in accordance with operational risk and regulatory policies and requirements.

This position partners with key contacts and various levels of management within Retirement, Supply Chain Management, Legal, Technology, Information Security and other Wells Fargo groups.

Key responsibilities will include:

  • Providing the Retirement lines of business with consulting and guidance to identify, assess, and mitigate operational and regulatory risk in business activities, projects, and initiatives.
  • Oversight and maintenance of the Third Party Risk Information System (TRIMS).
  • Develops and maintains strong working relationships with line of business, corporate regulatory and operational risk peers.
  • Evaluating the adequacy and effectiveness of policies, procedures, processes, initiatives, products and internal controls; assisting the business to develop and implement corrective action plans when appropriate.
  • Oversight, coordination, production, communication, and training of risk-based policies and procedures.
  • Identifies training opportunities - may design/coordinate the development of training programs.
  • Coordinates production of periodic performance reports for management, including but not limited to trend analysis and recommended strategies.
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

Other Desired Qualifications
  • 5+ years of experience with Retirement or Trust lines of business.
  • Experience with WF Third Party Risk Management Program requirements
  • Working knowledge of Third Party Risk Information Management System (TRIMS)
  • Strong organizational and problem solving skills with all levels of staff to include management.
  • Proven critical thinking and analytical skills.
  • Demonstrated experience as a collaborator who has built successful relationships and influenced across the business lines.
  • Demonstrated ability to proactively manage competing priorities and functions
Disclaimer

    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.


A little about us:
Wells Fargo is committed to hiring and retaining active military personnel and veterans. Our goal is to employ 20,000 veterans by 2020.

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