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Job Title: Operational Risk Senior Associate - Data Management
Company Name: Wells Fargo
Location: Minneapolis, MN
Position Type: Full Time
Post Date: 02/26/2020
Expire Date: 03/30/2020
Job Categories: Accounting/Auditing, Finance/Economics, Financial Services, Information Technology, Insurance, Law Enforcement, and Security, Legal, Military, Executive Management, Quality Control, Research & Development
Job Description
Operational Risk Senior Associate - Data Management
Job Description

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume prior to submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message.  In order to receive text message invitations, your profile must include a mobile phone number designated as “Personal Cell” or “Cellular” in the contact information of your application.

At Wells Fargo, we want to satisfy our customers’ financial needs and help them succeed financially. We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk.

The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.

Within Corporate Risk, the Operational Risk Group is responsible for independently overseeing the management of operational risk exposures (including monitoring and reporting on aggregate operational risk exposures across groups, legal entities, geographies and jurisdictions) and the quality of operational risk management practices across the company.  Responsibilities of this group include: developing, maintaining, and ensuring adherence to enterprise-wide operational risk frameworks, risk policies, and risk management procedures aligned to approved risk appetite statements. 

Data Management Risk Governance (DMRG) – Enterprise Data Governance (EDG):

The Data Management Risk Governance (DMRG) Team is part of the Enterprise Data Governance (EDG) Group. DMRG is responsible for integration of data management risk governance and challenge routines horizontally across the enterprise, including:

  • Effective governance structure and engagement model with stakeholders, including the Enterprise Risk Programs (ERPs) and Operational Risk Management Capabilities (ORMCs) in Corporate Risk
  • Effective processes to identify, assess, and measure risk
  • Monitoring Key indicators to better inform management of current state of risk and exposure

Data Management Risk Governance (DMRG) Operational Risk Senior Associate:

This position reports to a Data Management Risk Governance manager which has key functions in support of Independent Data Governance and Oversight of Enterprise Risk Programs including:

  • Responsible for DMRG effectiveness in identification, assessment, and mitigation of data management risk across enterprise business groups as Data Management Risk Type
  • Demonstrates a high level of efficiency in effective communication and collaboration with enterprise wide business groups and cross functional business partners

Data Management Risk Governance is responsible for approving alternative risk management practices and maintaining records of those practices, governing risk acceptances and review activities, performing necessary governance functions to ensure effective management of the risks and compliance with company-wide requirements and providing risk management best practices, risk aggregation, analysis and communication to highlight area of acute or emerging risk.

Our environment continues to be one of heightened standards, raised risk consciousness, and regulatory requirements. This role provides challenge across the enterprise, consistent with the Wells Fargo Vision, Values & Goals and risk appetite.

Position Responsibilities:

  • Develop and document governance and challenge routines and standard operating procedures
  • Lead governance routines for Enterprise Risk Programs (ERPs)
  • Provide comprehensive view into data management integration into Enterprise Risk Programs (ERPs) and Operational Risk Management Capabilities (ORMCs)
  • Provide Enterprise Risk Title governance and support across Business Groups and Risk Types
  • Engage in Enterprise Control Taxonomy governance routine representing DMR interests across Business Groups and Risk Types including New Business Initiatives
  • Perform challenge routines with policy, issues management, event escalations, operational losses, testing & validation, Integrated Process Risk Control (IPRC) Assessment, Business Process Mapping (BPM), and Risk Control Self-Assessments (RCSA) in collaboration with DMRG Team
  • Collaborate with DMRG and related EDG teams to identify and manage synergies, dependencies, and common challenges

This position may consider other locations.

Required Qualifications

  • 5+ years of experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) or 5+ years of financial services industry experience, of which 3+ years must include direct experience in risk management

Desired Qualifications

  • Change management experience
  • Leadership experience including; coaching, training, and mentoring
  • Advanced 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
  • Knowledge and understanding of Shared Risk Platform (SHRP) such as reporting and issue management

Other Desired Qualifications
  • Experience evaluating issues and controls surrounding Data Risk Management
  • Confident understanding of Data Risk and ability to provide challenge
  • Demonstrated experience with Risk Control Self-Assessments (RCSA)
  • Experience with Integrated Risk & Controls (IPRC) & Enterprise Risk ID programs, &  SHRP Issues Management

Job Expectations

  • Ability to travel up to 10% of the time


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.

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Company Name: Wells Fargo
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