Lead Compliance & Operational Risk Officer - VP

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 London and will report functionally to the International Legal Entity Compliance & Operational Risk - Program, Governance and Reporting Senior Manager.

As a part of Wells Fargo’s second line of defense and Independent Risk Management team, 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.
• 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.