Lead Compliance & Operational Risk Officer

About this role:

Wells Fargo is seeking a dynamic and pragmatic Lead Compliance & Operational Risk Officer (Vice President) to join the International Legal Entity Compliance & Operational Risk team. The role provides exposure to various team activities and opportunity to drive execution front-to-end across the pillars of activities including but not limited to:

• Governance, Reporting, and Initiatives

• Operational Risk and Compliance Program Policy and Frameworks execution

• Execute from a global perspective ensuring appropriate consideration of the legal entities and lines of business across EMEA, APAC, Canada and Latin America

This role is based in Dublin and reports functionally to the Head of the International Legal Entity Compliance & Operational Risk - Program, Governance and Reporting team.

As a part of Wells Fargo’s second line of defense and Independent Risk Management team, the role covers jobs responsible for establishing, implementing, and maintaining risk standards and programs to ensure compliance with federal, state, agency, legal, regulatory, and Corporate Policy requirements, while also providing governance, oversight, and credible challenge of operational risk exposures and risk management practices arising from inadequate or failed internal processes, people, systems, or external events.

In this role, you will:

• Operate as a dedicated and embedded Subject Matter Expert (SME) and designated point of contact (‘relationship manager’) for senior leadership. The primary mandate for the team is to be accountable and execute the Compliance and Operational Risk Program Policy and Framework elements, Governance, and Reporting activities front-to-end with the legal entities in mind, leveraging the shared services from Enterprise and WFIP and enabling senior leadership and other vertical teams to focus on advisory activities. 

• Act as a fungible resource to support across the Legal Entity elements, as they relate to Governance & Reporting, Initiatives, Program, and Country Compliance to enable the Leadership team to execute against the Compliance and Operational Risk agenda.

• SME production of the Legal Entity governance and reporting for internal Compliance and Operational Risk leadership and Legal Entity Executive/Board fora, with a focus on risk intelligence, thematics, data and analytics leveraging AI including the drafting and oversight of the Planned Activities,  and leading Risk Appetite, and SORA, intra-legal entity outsourcing arrangements, as the Enterprise Risk Program evolves.

• Ability to join-the-dots and extract the ‘so what’ for International from monitoring, IT&V, Audit, and Regulatory Engagements, amongst other firm produced MI and in close collaboration with US and Shared Service Capabilities (SSC) teams.

• Proven technical knowledge and experience of Program, Governance, and Reporting elements, alongside a good understanding of Investment Banking and Products.

• Demonstrable collaboration and influencing skills with proven ability to manage multiple priorities effectively with a risk manager and service mindset for several International businesses and legal entity requirements.

• SME for Compliance and Operational Risk Regulatory Change and Inventory Management (RCIM) activities, bringing together the legal entity lens and working collaboratively with the RCIM teams in the US and WFIP, as the Enterprise Risk Program evolves. This includes alignment of the Operational Risk RCIM approach and process.

• Provide oversight and monitoring of business group Compliance & Operational Risk based programs.

• Maintain Compliance & Operational Risk expertise and consulting for projects and initiatives with moderate to high risk, over multiple business lines.

• Establish, implement and maintain Compliance & Operational Risk standards and programs to drive compliance with federal, state, agency, legal and regulatory and Corporate Policy requirements.

• Oversee the Front Line's execution and challenges appropriately on Compliance & Operational Risk related decisions.

• Develop, oversee, and provide independent credible challenge to standards with subject matter expertise.

• Provide direction to the business on developing corrective action plans and effectively managing regulatory change.

• Report findings and make recommendations to management and appropriate committees.

• Identify and recommend opportunities for process improvement and Compliance & Operational Risk control development.

• Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance & operational risk requirements.

• Monitor the reporting, escalation, and timely remediation of issues, deficiencies or regulatory matters regarding Compliance & Operational Risk management.

• Oversee the Front Line's execution and challenges appropriately on Compliance & Operational Risk related decisions.

• Make decisions and resolve issues to meet business objectives

• Interpret policies, procedures, and Compliance & Operational Risk requirements.

• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals.

• Work with complex business units, rules and regulations on moderate to high Compliance & Operational Risk compliance matters.

• Interface with Audit, Legal, external agencies, and regulatory bodies on risk related topics.

Required Qualifications:

• Experience in Compliance, Operational Risk, or equivalent demonstrated through one or a combination of the following: work experience, training, education.

• Strong educational background ideally with a university degree and academic track record.

• Professional qualifications, certificates, and/or registrations relevant to Compliance/financial services.

• Extensive experience in Compliance and/or Operational Risk at leading international financial services firm(s).

Values:

• Client Focus - demonstrates clear understanding of importance of effective customer service (internal and external clients).

• Trust - demonstrates high standards of integrity and openness.

• Teamwork - demonstrates ability to work effectively as a member of a team, a collaborative style and understands the value of diversity.

• "Outperformance" – regularly exceeds the expectations of others and the role.

Posting End Date:

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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 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.