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Senior Risk Analytics Consultant / Corporate & Investment Banking

Wells Fargo

Wells Fargo

Data Science
Charlotte, NC, USA
Posted on Thursday, May 16, 2024

About this role:

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

As the company's second line of defense, Corporate Risk — or Independent Risk Management — provides independent oversight of risk-taking activities. Independent Risk Management establishes and maintains Wells Fargo's risk management program and provides oversight, including challenges to and independent assessment of, the frontline's execution of its risk management responsibilities. We manage risk according to the Risk Management Framework and ensure all employees understand their individual accountability for managing risk. Risk management at Wells Fargo is organized with clearly defined lines of defense to provide effective risk oversight and decision-making across the organization. Each line of defense is assigned specific responsibilities and understands the associated activities it is expected to perform.

Independent risk management in Corporate Risk is responsible for independent oversight of risk-taking activities. The function is led by the Chief Risk Officer, who reports to the chair of the Risk Committee of the Board of Directors.

The Governance & Risk Programs team is seeking a Senior Risk Analytics Consultant. The role will report to the Governance & Risk Programs Senior Manager. The Corporate & Investment Banking (CIB) Chief Risk Officer (CRO) Governance & Risk Programs Senior Risk Analytics Consultant is an individual contributor responsible to support engagement with CIB business and risk resources within the front line and across Corporate Risk to influence and challenge risk management activities and decisions as well as ensure alignment to the Risk Management Framework.

In this capacity, this role supports review and credible challenge to significant front line risk program execution, including, but not limited to, the Risk Measurement Program (RMP), Enterprise Risk Identification and Assessment (ERIA), Issues Management (IM), New Business Initiatives (NBI), Risk and Control Self-Assessments (RCSA), and engagement with Wells Fargo’s Independent Testing & Validation (IT&V) and Internal Audit (IA) teams to evaluate risk and control testing results. The role is expected to support engagement with senior management across CIB and Corporate Risk to influence and challenge risk management activities and decision. This role is responsible for supporting the development, implementation, and monitoring of risk-based programs to help identify, assess, and mitigate risks. This role will develop specific subject matter expertise for the Corporate & Investment Banking Group including understanding of business strategy, the customer base, products and services and other relevant industry issues, frameworks and emerging risks to provide effective IRM oversight and credible challenge. The role requires a sense of urgency, passion for results and personal accountability for achievement.

In this role, you will:

  • Support execution and credible challenge of RMP, ERIA, IM, and NBI processes including identifying areas for various strategic enhancements to the program.

  • Support independent cross-functional risk assessments, aggregate risk assessments, evaluate effectiveness of internal controls, and review and credibly challenge frontline control enhancements.

  • Contribute to the buildout of cross-program and cross-group analytics to identify opportunities and best practices to influence stronger risk management practices by the business.

  • Support the Governance & Risk Program team to influence appropriate risk management prioritization by the front line to enable the business to meet strategic objectives, while meeting IRM expectations.

  • Contribute to independent risk management credible challenge to support the business in designing and implementing risk mitigation strategies, business processes and controls that mitigate risks and address regulatory requirements.

  • Support the development of a holistic CIB business-centric view to IRM Risk Programs across all risk types.

Required Qualifications:

  • 4+ years of Risk Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.

Desired Qualifications:

  • A BS/BA degree or higher.

  • Ability to articulate issues, risks, and proposed solutions to various levels of management.

  • Ability to quickly establish credibility to build and maintain effective working relationships.

  • Ability to take on responsibility, initiative, and accountability.

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

  • Ability to identify risk factors and ensure enactment of appropriate controls.

  • Ability to track and monitor project progress, identify project and process gaps, recommend controls and communicate progress to business leaders.

  • Ability to translate and present complex data in a manner that educates, enhances understanding, and influence decisions.

  • Excellent verbal, written, and interpersonal communication skills.

  • Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills.

  • Experience building and implementing risk program.

  • Demonstrated experience managing high levels of change.

  • Proven experience partnering with varying levels of stakeholders across the organization.

  • Demonstrated experience with complex data analysis used to inform management reporting.

  • Ability to prepare and deliver complex data in a way that is concise/ understandable.

Posting Location(s):

  • 401 S Tryon Street, Charlotte, North Carolina

Job Expectations:

  • Ability to work at the approved location(s) in the job posting.

  • This position offers a hybrid work schedule.

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

Posting End Date:

8 Jun 2024

*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.