About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Market Job Description
About Wells Fargo in India
Wells Fargo in India enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Technology, Operations, Risk, Audit, Process Excellence, Automation and Product, Analytics and Modeling. We are operating in Hyderabad, Bengaluru and Chennai locations.
Department Overview:
Wells Fargo India and Philippines (WFIP) Operational Risk Business Oversight (ORBO) team, as part of the Independent Risk Management function, is responsible for governance, oversight, and credibly challenging operational risk exposures and risk management practices through monitoring, analyzing and developing standards for remediating risk that arises from inadequate or failed internal processes, people, systems or external events, while maintaining a balance between risk mitigation and operational efficiency. The scope covers risks associated with Data Management, Resiliency, Fiduciary & Investment, Financial Reporting, Human Capital, Information Mgmt. (Records), Information Security, Safety & Physical Security, Operational Risk Events (ORE), Privacy, Technology Risk, Third Party, Transaction Process & Execution.
About the Role:
Operational Risk Officer is responsible for providing support to enterprise-wide oversight and governance of complex business group or manages integrated enterprise wide operational risk program(s) / initiative(s). Proactively identifies potential business operational risks. Develops and drives innovative operational risk approaches and solutions across the enterprise through an influence model
Key Responsibilities:
- Use subject matter expertise and business domain knowledge to provide independent oversight and credible challenge to front line operational risk management activities
- Support routine engagement requirements for/with the Control Executive teams, Function Heads and Independent Risk leaders to promote a strong operational risk culture
- Support key front line governance routines inclusive of Risk & Control committees and business reviews
- Oversee and challenge the front line across all operational risk routines including – plan, identify and assess, control and mitigate, test and validate, monitor and report
- Perform independent risk assessment of the front line, inclusive of emerging risks
- Review and challenge of front line risk acceptances and new business initiatives
- Identify and escalate to senior leadership conflicts with risk management results and expected business outcomes
- Evaluate cross-program and cross-group analytics to identify opportunities and best practices to influence stronger risk management practices by the business
- Provide consulting to business on corrective action plans and effectively managing change
- Develop and deliver content to senior business, Independent Risk, Audit and Regulatory leaders summarizing the results of the independent risk assessment activities
- Assist manage relationships with Business Head, Independent Risk Management, Group Control Executives, Legal, Audit and multiple Regulators
- May lead project/ virtual teams and may mentor but does not manage other team members.
- Engage with other region and US-based Operational Risk Business Oversight (ORBO) teams to ensure holistic oversight of the end to end business is achieved.
This position requires business engagement to drive and effect change. The candidate should have specific business domain exposure and experience in risk management activities either as an Independent Risk Management or Front Line Controls.
A successful candidate will have the experience and ability to:
- Successfully review and challenge business operational risk management practices and outcomes
- Build and sustain a strong risk culture including a balanced approach through working in cooperation and consultation with all lines of defense across the enterprise.
Market Skills and Certifications
Essential Qualifications:
University degree in Business or related discipline. 10+ years of overall experience; 5+ years of experience in risk management or front line controls function Advanced Microsoft Office skills Excellent verbal, written, and interpersonal communication skills Strong analytical skills with high attention to detail and accuracy Ability to articulate complex concepts in a clear manner
Other Desired Qualifications: Meaningful knowledge across Enterprise Risk Management framework, including: risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance Deep technical understanding of specific business operations processes, products and customer interactions and where they manifest risk (e.g. Corporate & Investment Banking/ Commercial Banking/ Consumer Lending/ Consumer & Small Business Banking/ Wealth & Investment Management) Strong interpersonal, influencing, and communications skills with an ability to interact effectively with stakeholders at all levels, experience and the ability to effectively manage and build relationships Proven skills to drive alignment across stakeholder groups to develop and deliver repeatable end to end risk management solutions Industry certification such as CIA/ CFSA/ CFA/ CISA/ CRISC
We Value Diversity
At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate. |
