WELLS FARGO INDIA

Job Description

Market

The Business Risk & Controls Sr Associate: Proactively identifies potential business operational risks for the teams in WFIP. Develops and drives innovative operational risk approaches and solutions across the enterprise. The candidate should have specific business domain exposure to Consumer & Small Business Banking and experience in risk management activities either as an Independent Risk Management Contributor or Front Line Controls.
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.
Identify and escalate to senior leadership on the 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.

Essential Qualifications
University degree in Business or related discipline.
Experience of 10 years overall with a minimum of 8 years relevant experience in a multinational financial institution or similar.
One or more certifications like CRISC, CISA, CISM, CGEIT, and CISSP.

Desired Qualifications
Working knowledge of the Risk Management Framework (RMF) concepts and policies across risk types (regulatory, financial crimes, credit, operational, etc.) and quantify risk (financial impact to organization, risk exposure levels).
Ability to identify risk and controls, to create remediation plans, remediation success criteria and control documentation
Knowledge and experience in Policy Management, third party risk, BCP, SDLC, Availability Management, Configuration Management, Access Control, Segregation of Duties, vulnerability management, and other domains in technology and information security to serve as a SME
Understanding of audit lifecycle and methodology
Ability to find data, analyze, organize, and identify themes in large amounts of data. Also, to create action based on data analysis and KPI/KRI metrics
Ability to lead project execution by creating project plans, tracking action items and deliverables, and reporting to showcase progress, risks and issues
Excellent communication skills (verbal, written and interpersonal); ability to concisely articulate complex concepts in a clear manner., Strong analytical skills with high attention to detail and accuracy
Demonstrated capability to confidently raise issues, escalate early, and engage in constructive credible challenge independently.
Technical understanding of specific business operations, processes, products, and customer interactions where they manifest risk.
Demonstrated capacity to pro-actively and independently analyze and solve problems and address risks. Take accountability of timely submission of deliverables and critical thinking
Education: Any Graduate
Industry: Financial Services/Stockbroking, Banking