WELLS FARGO BANK Hiring for Operational Risk Officer at Hyderabad, Telangana, India Full Time

Job Description

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 20 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

Department Overview

The Risk Services aligns to the Corporate services organization and supports the current, expected demand for business process risk management. The Risk Services team supports line of business risk management and the corporate risk management.

About the Role

The primary role of the Operational Risk Officer (OR Off) will be to support the Governance and Issue Management Oversight (Gov & IMO) function at I&P global in-house centers. This team provides oversight of global technology guidance, industry standards, best practices and operational risk adherence to operational risk aspects of Laws, Rules and Regulations in support of Wells Fargo L2 Risk Type teams (see Risk Management Framework). A successful candidate for this role will have the ability to comprehend and distil regulatory requirements, evaluate and assess processes, risks and controls, articulate complex concepts in a clear manner, influence change and have the ability to work in a fast paced deadline driven environment with excellent communication skills.
A strong background in Operational Risk process and/or risk assessment including control evaluation (may include internal/external audit experience), with a primary focus on providing oversight to the first line of defence’s issue management program is desired.

Responsibilities

1.Providing guidance and best practices for identifying and documenting control gap issues and creation of remediation plans that include clear risk reduction
2.Mature monitoring and reporting processes for comprehensive, timely and accurate reporting to key stakeholders including senior management and/or risk and management committees.
3.Monitor performance metrics to understand risk implications, providing credible challenge, as needed.
4.Design and develop testing strategies, methodologies and analyses; focused on regulatory and authoritative source requirements that evaluate the adequacy and effectiveness of policies, procedures, processes, systems and internal controls
5.Actively engage in the execution of assessment of controls for regulatory and authoritative source requirements to evaluate design and effectiveness.
6.Collaborate with other independent risk management teams, for example, Enterprise Information Security, Compliance, Legal and other key risk partners as needed
7.Partner with FLU and IRM teams to communicate requirements and expectations for regulatory and authoritative source controls.
8.Capture and escalate credible challenges
9.Develop and execute IRM processes to monitor and report coverage for authoritative sources through aggregated and thematic compliance analysis.
10.Create/maintain appropriate process documentation
11.Ensure ongoing alignment to overarching authoritative sources

Essential Qualifications

• 10+ years of experience in operational risk, IT systems security, compliance, business process management, or financial services, of which at least 4 years must include direct experience in operational risk.
• Working knowledge on measuring control effectiveness.

Desired Qualifications

• Advanced Microsoft Office skills
• Excellent verbal, written and interpersonal communication skills
• Strong analytical skills with high attention to detail and accuracy
• Ability to interact with all levels of an organization
• Ability to present complex material in a digestible, consumable manner to all levels of management
• Experience in risk assessment and control evaluation
• Ability to identify and evaluate trends, isolate root cause, and provide swift/thorough resolution
• Industry recognized certification such as CISA / CRISC / CISSP

Market Skills and Certifications

Other desirable skills experience

• Experience with technology system analysis, data mapping, validation and implementations
• Demonstrated information technology experience in areas such as infrastructure management, network management, systems development lifecycle, architecture, and application support and information security.
• Experience developing comprehensive report/presentations to senior management, stakeholders, and risk and management committees
• Experience defining and/or developing business initiatives that require collaboration between multiple stakeholders and/or lines of business
• Highly proactive, able to work both independently and within a collaborative team oriented environment using sound judgment in decision-making.
• Demonstrated ability to work effectively with virtual and/or geographically dispersed teams.

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. 65337