International Compliance and Operational Risk – Third Party and Change Management Risks

Role Overview

• Operate as the International Subject Matter Expert (SME) and trusted advisor for senior management and stakeholders with a primary focus on Third Party and Change Management horizontal risks, supported by a comprehensive understanding of Investment Banking and Products.
• Provide technical regulatory compliance and operational risk advice and challenge to stakeholders on horizontal risks, including but not limited to regional and enterprise front-line teams, International BACOR and LECOR teams.
• Establish effective engagement with Enterprise Risk Type and ORBO teams to ensure enterprise horizontal risks impacting International are understood and appropriately assessed.
• Ensure effective International horizontal risk management and compliance with firm policies, leveraging a strong understanding of Third Party and Change Management frameworks, controls, and governance.
• Support change implementation, leveraging a strong understanding of the International Third Party and Change Management risk regulatory environment.
• Work with Enterprise Risk Type and ORBO teams to build the International horizontal risk profile and ensure adequate legal entity oversight in compliance with regulatory requirements. (e.g. WFBI).
• Ensure that relevant cascaded Risk Appetite and Key Risk Indicators are appropriate and calibrated at the legal entity level.
• Utilise AI tools to identify and manage risk and drive data-driven risk outcomes with senior stakeholders.
• Provide timely and relevant horizontal risk profile insights across teams, legal entities, and lines of business.
• Proactively identify emerging horizontal risk concerns (escalating to senior management as required) and work with stakeholders to ensure timely and appropriate resolution.
• Demonstrate collaboration and influencing skills across senior stakeholders with proven ability to manage multiple priorities effectively with a risk manager mindset.
• Drive efficiency and actively seek opportunities for process improvements, focusing on areas of heightened risk.
• Provide thought leadership on continuous enhancement opportunities.
• 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.

Requirements

• Extensive experience in Compliance and/or Operational Risk at leading international financial services firm(s).
• Technical knowledge of Third Party and Change Management risks and practical business impact.
• Strong understanding of operational risk management frameworks, in particular horizontal risk management, with specific exposure to Third Party and Change Management risk management and metrics.
• Extensive experience designing and executing advisory compliance and operational risk programs, including business line relevant regulatory change management, risk identification and assessment processes, issue management, new product/business review, complaint handling, monitoring and reporting, policy development and training.
• Clear understanding of the market and regulatory environment in which Wells Fargo International operates, including relevant sectors, countries, products, and clients.
• Deep understanding of the ever-evolving governance and regulatory environments as well as industry and operational risk and compliance risk-related best practices.
• Strong analytical, critical thinking and problem-solving skills, with the ability to connect complex topics and formulate data driven risk outcomes.
• Able to communicate effectively and confidently, orally and in writing at all levels of the organization, and capable of distilling complex processes in concise and simple ways.

Benefits

• Health insurance
• Pension scheme
• Flexible working hours
• Professional development opportunities