1+ months
2017-12-162018-02-05

Operational Risk Manager

London, England W1A 2LQ
  • Job Code
    22530BR-1


Wells Fargo Asset Management (WFAM) strives to help investors achieve their financial goals through investment solutions managed by specialized investment teams and backed by collaborative service. WFAMs investment approach centers on autonomous investment teams that maintain their own independent research, idea-generation, and decision-making processes. Its independent investment risk management approach provides a consistent, unbiased framework for analyzing and balancing risk in portfolios. WFAM offers the expertise of over 29 investment teamseach focused on specialized, niche portfolio management strategiesthat attempt to meet the diverse needs of our investors.

Wells Fargo Asset Management (WFAM) is seeking a candidate who will serve as the business lead to drive all international regulatory and compliance related issues to resolution. This role will work in partnership with the Head of WFAM Audit Control to radically improve responsiveness to Corrective Actions (CAs) and shorten the timeline to validation and close-out. This leader will be part of a team that will create an environment in which compliance with applicable regulations and policies is achieved through architected interventions to processes and procedures. Further, this candidate will help develop a holistic approach to business operations that helps to prevent potential issues/failures prior to audits. This position will report to Head of WFAM Audit Control.


Responsibilities include, but are not limited to:
  • Enhance management reporting to include a comprehensive inventory of open audit issues routinely distributed to senior leadership, focusing on FIA, ECM and WFAML entities
  • Drive resolution/closure of open Corrective Actions associated with failed internal and external audits, including working closely with senior leaders across all functions within WFAM, facilitating working discussions with key stakeholders to identify and remediate issues
  • Identify root cause, create enhanced processes and procedures to avoid future issues from surfacing
  • Assist in developing an effective operating framework to ensure regulatory compliance with Internal Audit / Wells Fargo policies and Regulatory agencies such as OCC, Fed, SEC, FINRA, CSSF, FCA
  • Enhance reporting processes and internal controls to ensure line of business activities are conducted in compliance with regulatory obligations
  • Enhance the operational risk environment within WFAM to ensure compliance with regulatory expectations by leveraging input/results from the WFAM governance team and working with key stakeholders to create or modify new or enhanced processes and procedures
  • Document and enhance controls where needed
  • Escalate issues to senior leaders to ensure proper support and focus on remediation
  • Identify manual processes and seek automated solutions
  • Maintain up-to-date inventory of open audit issues relating our international entities and drive to timely closure
  • Special projects, as required
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Operational Risk Manager

Wells Fargo
London, England W1A 2LQ

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