Director of Fiduciary Risk Oversight

4 days ago


Irving, Texas, United States Wells Fargo Full time
About this Role

We are seeking a highly skilled Director of Fiduciary Risk Oversight to join our Operational Risk Management team. As a key member of the Fiduciary & Investment Risk Oversight team, you will be responsible for overseeing and enhancing the execution of our fiduciary risk coverage program.

Key Responsibilities
  • Direct and manage fiduciary resources to ensure 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.
Requirements
  • 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 or 10+ years of financial services industry experience, of which a significant portion of those years must include direct experience in fiduciary risk management.
What We Offer

We offer a comprehensive set of benefits, including health benefits, 401(k) Plan, paid time off, disability benefits, life insurance, critical illness insurance, and accident insurance. We also offer parental leave, critical caregiving leave, discounts and savings, commuter benefits, tuition reimbursement, scholarships for dependent children, and adoption reimbursement.

We value diversity, equity, and inclusion in the workplace and welcome applications from all qualified candidates. We are an equal opportunity employer and comply with all applicable laws and regulations regarding employment and hiring practices.



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