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Audit Director - Operational Risk

Company: Wells Fargo
Location: West Des Moines
Posted on: March 25, 2020

Job Description:

Job DescriptionAbout Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargos vision is to satisfy our customers financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment, and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com), and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the U.S. Wells Fargo & Company was ranked No. 29 on Fortunes 2019 rankings of Americas largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Wells Fargo Audit

The Internal Audit group reports to the Board of Directors, conducting audit testing and reporting on the health of the risk management and internal control structure within the company. It advises line of business leaders on risk management practices and control structures. Additionally, the group ensures risk issues are escalated and resolved. Results of internal audits are subject to quality assurance reviews and external regulatory examinations.

Audit is comprised of approximately 1,500 team members covering audit work across the company and is responsible to protect customers, team members, and communities by reducing risk.

The Role

The Audit Director will have responsibility for building and managing a team of 30-40 people. Additional responsibilities include:


  • Setting the strategy and overseeing the audit assessment of Operational Risk Management.
  • Defining and implementing the audit coverage strategy over Operational Risk Management.

    Additional responsibilities:

    • Develop a comprehensive program of coverage that assesses the design and operational effectiveness of the controls supporting operational risk management.
    • Providing thought leadership on industry best practices and regulatory changes, and contribute to continued maturation and evolution of operational risk management through credible challenge.
    • Contribute to continued maturation and evolution of the audit function.
    • Develop and execute annual audit plan to evaluate operational risk management.
    • Identifying thematic risk trends observed across the enterprise for purposes of influencing strategic direction and risk management process maturity.
    • Encourage team focus on proactive engagement and management challenge.
    • Represent WFA as a highly engaged, visible, and influential leader.

      The Candidate

      The successful candidate for this role will demonstrate experience leading audit teams and have an extensive understanding of and experience in independent and front line operational risk management. S/he will be an effective builder and leader of high performing teams focused on collaborative leadership and team member engagement; keep up with fast paced organizational change, managing and caring for team members through that change; contribute to WFA strategies with a One Wells Fargo lens; and enhance the risk management culture of Wells Fargo, living the vision and values of Wells Fargo.

      This collaborative leader must be capable of initiating action and possess strong vision, execution and relationship management skills across the organization, as well as with the regulators. A key differentiator will be the ability to understand and operate successfully in a matrixed corporate environment. The role requires a sense of personal accountability for achievement and outcomes.Required Qualifications


      • 6+ years of management experience
      • 10+ years of experience in one or a combination of the following audit or risk functions: leading teams covering risk identification, mitigation and management (includes audit, legal, operational risk, compliance risk, credit risk, market risk, technology risk, or the management of a process or business with accountability for risk.)


        Desired Qualifications


        • Certification in one or more of the following: CPA, CAMS, CRCM, CIA, CISA or Commissioned Bank Examiner designation
        • Leadership experience
        • A BS/BA degree or higher
        • Experience at a financial institution or accounting firm
        • Strong understanding of financial regulatory environment
        • Solid knowledge and understanding of audit or risk methodologies and supporting tools


          Other Desired Qualifications


          • Senior audit management experience at a large financial institution or professional practices firm
          • Understanding of and experience in financial services risks
          • Extensive understanding and experience in first and second line of defense risk management programs/practices
          • Possess strong analytical, data governance and control assessment skills
          • Bachelors degree or higher
          • Knowledge and understanding of audit methodologies and tools that support audit processes
          • Proven leadership experience with multi-functional teams across multiple locations
          • Good understanding of Institution of Internal Audit (IIA) standards, regulatory requirements, and industry guidelines
          • Experience effectively engaging with regulators
          • Ability to travel up to 25% of the time

            Location: Charlotte, NC; New York, NY; Minneapolis, MN; Des Moines, IA are preferred locations. Other Wells Fargo hub locations will be considered.DisclaimerAll offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

            Relevant military experience is considered for veterans and transitioning service men and women.

            Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Keywords: Wells Fargo, West Des Moines , Audit Director - Operational Risk, Executive , West Des Moines, Iowa

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