Director of Fiduciary Risk Oversight - Wells Fargo
NEW YORK, NY
About the Job
About this role:
Wells Fargo is seeking a Director of Fiduciary Risk Oversight in Operational Risk Management as part of the Fiduciary & Investment Risk Oversight team. Learn more about the career areas and lines of business at wellsfargojobs.com .
The Director of Fiduciary Risk Oversight is accountable for overseeing and enhancing the execution of FIRO's fiduciary risk coverage program designed to proactively and systematically identify, assess, measure, monitor, control, and report on significant fiduciary risks to Wells Fargo and its customers. The primary business/enterprise groups in scope for this oversight program include Wealth & Investment Management, Wholesale Banking and Human Resources.
The Director of Fiduciary Risk Oversight is accountable to the Head of Fiduciary & Investment Risk Oversight and will manage a team that oversees highly complex businesses across several legal entities, multiple product lines and distribution channels.
In this role, you will:
+ Direct and manage fiduciary resources for the execution of fiduciary risk oversight program ensuring proactive risk identification, effective challenge, and timely escalation of key risks to senior leaders and governance forums
+ Develop, manage, and ensure implementation of fiduciary risk policies, methodologies, and procedures
+ Conduct independent risk assessments of Wells Fargo's fiduciary related businesses
+ Participate in New Business Initiatives for new products, or exit of products related to fiduciary risk
+ Aggregate and monitor the enterprise fiduciary risk profile for applicable business activities
+ Execute projects related to fiduciary risk, oversight, and governance
+ Ensure consistent, timely, and relevant management reporting of fiduciary risks
+ Participate in, and provide input to, applicable Corporate Risk and business group committees
+ Maintain collaboration and alignment with Operational Risk Coverage Programs, Operational Risk, WIM Risk, and other enterprise programs
+ Provide input into and enforce risk appetite thresholds
+ Implement appropriate risk measures to oversee and escalate fiduciary risks
+ Work directly with regulatory stakeholders on topics specific to fiduciary risk
+ Execute ad hoc risk related initiatives as needed
+ Escalate fiduciary risks to the Head of Fiduciary & Investment Risk, Senior Management, and the Board, as appropriate
+ Create a culture of excellence by proactively attracting, retaining, and developing a team of talented and diverse fiduciary risk professionals to support the execution of the FIRO program
+ Foster an environment that ensures strong relationships, communication, and cooperation across the three lines of defense, including Corporate Risk leadership, business line leadership, Legal, Audit, regulators, and other corporate stakeholders
+ Uphold the Wells Fargo Vision & Values
+ As an Employee Manager, you are expected to achieve success by leading yourself, your team, and the business.
+ Lead your team with integrity and create an environment where your employees feel included, valued, and supported to do work that energizes them.
+ Accomplish management responsibilities which include sourcing and hiring talented employees, providing ongoing coaching and feedback, recognizing and developing employees, identifying and managing risks, and completing daily management tasks.
Required Qualifications:
+ 8+ years of Operational Risk experience or equivalent experience demonstrated through one or a combination of the following: work experience, training, military experience, education
+ 4+ years of Management experience
Desired Qualifications:
+ 10+ years of experience in fiduciary related financial services (includes trust services and trust operations, wealth management, fiduciary officer, compliance, operational risk, audit, legal, and regulatory) or 10+ years of financial services industry experience, of which a significant portion of those years must include direct experience in fiduciary risk management.
+ 7+ years of management experience in fiduciary related businesses or risk management
+ Ability to influence across all organizational levels, particularly senior management
+ Strong risk management and compliance skills
+ Ability to identify gaps through risk-based testing
+ Advanced knowledge and understanding of fiduciary law and related federal regulations
+ Advanced knowledge and understanding of fiduciary related products and services, applicable regulatory framework, and emerging risk issues
+ Knowledge and understanding of fiduciary, investment, or financial planning disciplines
+ Knowledge and understanding of fiduciary law and federal regulations
+ Knowledge and understanding of fiduciary, investment, or planning disciplines
+ Knowledge and understanding of investment risk and compliance management processes
+ Knowledge and understanding of trust, fiduciary law, and federal regulations/operations
+ Knowledge and understanding of Employee Retirement Income Security (ERISA) policy
+ Experience in federal securities laws, primarily the Investment Advisers Act, Investment Company Act, or 40 Act
+ Knowledge and understanding of investment advisory
+ Ability to communicate effectively, in both written and verbal formats, with senior executive-level leaders
+ Experience in executing or managing targeted risk reviews, development, and evaluation of risk measures, policies, and internal controls
+ A master's degree or higher
+ CFP, CFIRS or related certifications
Job Expectations:
+ Ability to travel up to 20% of the time
+ Ability to work at one of the approved locations in the job posting
+ This position offers a hybrid work schedule
+ This position is not eligible for Visa sponsorship
Work Locations:
+ 150 E 42nd St - New York, NY
+ 401 S Tryon St - Charlotte, NC
+ 600 S 4th St - Minneapolis, MN
+ 800 S Jordan Creek Pkwy - West Des Moines, IA
+ 250 E John Carpenter Frwy - Irving, TX
+ 1150 W Washington St - Tempe, AZ
+ 114 N Beaumont St - Saint Louis, MO
Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$173,300.00 - $359,900.00
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
+ Health benefits
+ 401(k) Plan
+ Paid time off
+ Disability benefits
+ Life insurance, critical illness insurance, and accident insurance
+ Parental leave
+ Critical caregiving leave
+ Discounts and savings
+ Commuter benefits
+ Tuition reimbursement
+ Scholarships for dependent children
+ Adoption reimbursement
Posting End Date:
6 Oct 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.
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.
Company: WELLS FARGO BANK
Req Number: R-403227-1
Updated: Fri Oct 04 03:51:19 UTC 2024
Location: NEW YORK,New York
Wells Fargo is seeking a Director of Fiduciary Risk Oversight in Operational Risk Management as part of the Fiduciary & Investment Risk Oversight team. Learn more about the career areas and lines of business at wellsfargojobs.com .
The Director of Fiduciary Risk Oversight is accountable for overseeing and enhancing the execution of FIRO's fiduciary risk coverage program designed to proactively and systematically identify, assess, measure, monitor, control, and report on significant fiduciary risks to Wells Fargo and its customers. The primary business/enterprise groups in scope for this oversight program include Wealth & Investment Management, Wholesale Banking and Human Resources.
The Director of Fiduciary Risk Oversight is accountable to the Head of Fiduciary & Investment Risk Oversight and will manage a team that oversees highly complex businesses across several legal entities, multiple product lines and distribution channels.
In this role, you will:
+ Direct and manage fiduciary resources for the execution of fiduciary risk oversight program ensuring proactive risk identification, effective challenge, and timely escalation of key risks to senior leaders and governance forums
+ Develop, manage, and ensure implementation of fiduciary risk policies, methodologies, and procedures
+ Conduct independent risk assessments of Wells Fargo's fiduciary related businesses
+ Participate in New Business Initiatives for new products, or exit of products related to fiduciary risk
+ Aggregate and monitor the enterprise fiduciary risk profile for applicable business activities
+ Execute projects related to fiduciary risk, oversight, and governance
+ Ensure consistent, timely, and relevant management reporting of fiduciary risks
+ Participate in, and provide input to, applicable Corporate Risk and business group committees
+ Maintain collaboration and alignment with Operational Risk Coverage Programs, Operational Risk, WIM Risk, and other enterprise programs
+ Provide input into and enforce risk appetite thresholds
+ Implement appropriate risk measures to oversee and escalate fiduciary risks
+ Work directly with regulatory stakeholders on topics specific to fiduciary risk
+ Execute ad hoc risk related initiatives as needed
+ Escalate fiduciary risks to the Head of Fiduciary & Investment Risk, Senior Management, and the Board, as appropriate
+ Create a culture of excellence by proactively attracting, retaining, and developing a team of talented and diverse fiduciary risk professionals to support the execution of the FIRO program
+ Foster an environment that ensures strong relationships, communication, and cooperation across the three lines of defense, including Corporate Risk leadership, business line leadership, Legal, Audit, regulators, and other corporate stakeholders
+ Uphold the Wells Fargo Vision & Values
+ As an Employee Manager, you are expected to achieve success by leading yourself, your team, and the business.
+ Lead your team with integrity and create an environment where your employees feel included, valued, and supported to do work that energizes them.
+ Accomplish management responsibilities which include sourcing and hiring talented employees, providing ongoing coaching and feedback, recognizing and developing employees, identifying and managing risks, and completing daily management tasks.
Required Qualifications:
+ 8+ years of Operational Risk experience or equivalent experience demonstrated through one or a combination of the following: work experience, training, military experience, education
+ 4+ years of Management experience
Desired Qualifications:
+ 10+ years of experience in fiduciary related financial services (includes trust services and trust operations, wealth management, fiduciary officer, compliance, operational risk, audit, legal, and regulatory) or 10+ years of financial services industry experience, of which a significant portion of those years must include direct experience in fiduciary risk management.
+ 7+ years of management experience in fiduciary related businesses or risk management
+ Ability to influence across all organizational levels, particularly senior management
+ Strong risk management and compliance skills
+ Ability to identify gaps through risk-based testing
+ Advanced knowledge and understanding of fiduciary law and related federal regulations
+ Advanced knowledge and understanding of fiduciary related products and services, applicable regulatory framework, and emerging risk issues
+ Knowledge and understanding of fiduciary, investment, or financial planning disciplines
+ Knowledge and understanding of fiduciary law and federal regulations
+ Knowledge and understanding of fiduciary, investment, or planning disciplines
+ Knowledge and understanding of investment risk and compliance management processes
+ Knowledge and understanding of trust, fiduciary law, and federal regulations/operations
+ Knowledge and understanding of Employee Retirement Income Security (ERISA) policy
+ Experience in federal securities laws, primarily the Investment Advisers Act, Investment Company Act, or 40 Act
+ Knowledge and understanding of investment advisory
+ Ability to communicate effectively, in both written and verbal formats, with senior executive-level leaders
+ Experience in executing or managing targeted risk reviews, development, and evaluation of risk measures, policies, and internal controls
+ A master's degree or higher
+ CFP, CFIRS or related certifications
Job Expectations:
+ Ability to travel up to 20% of the time
+ Ability to work at one of the approved locations in the job posting
+ This position offers a hybrid work schedule
+ This position is not eligible for Visa sponsorship
Work Locations:
+ 150 E 42nd St - New York, NY
+ 401 S Tryon St - Charlotte, NC
+ 600 S 4th St - Minneapolis, MN
+ 800 S Jordan Creek Pkwy - West Des Moines, IA
+ 250 E John Carpenter Frwy - Irving, TX
+ 1150 W Washington St - Tempe, AZ
+ 114 N Beaumont St - Saint Louis, MO
Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$173,300.00 - $359,900.00
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
+ Health benefits
+ 401(k) Plan
+ Paid time off
+ Disability benefits
+ Life insurance, critical illness insurance, and accident insurance
+ Parental leave
+ Critical caregiving leave
+ Discounts and savings
+ Commuter benefits
+ Tuition reimbursement
+ Scholarships for dependent children
+ Adoption reimbursement
Posting End Date:
6 Oct 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.
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.
Company: WELLS FARGO BANK
Req Number: R-403227-1
Updated: Fri Oct 04 03:51:19 UTC 2024
Location: NEW YORK,New York
Source : Wells Fargo