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 India & Philippines Wells Fargo India & Philippines (WFI&P) enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions. WFI&P operates in Hyderabad, Bengaluru and Chennai in India and in Manila, Philippines. Learn more about WFI&P at our International Careers website. Department
: Corporate Risk enables all Wells Fargo businesses to identify and manage risk. The team focuses on several key risk areas, including credit risk, operational risk, market risk, reputation risk, and compliance risk. Corporate Risk strives to ensure all Wells Fargo corporate functions and lines of business soundly manage risk, comply with applicable laws and regulations, and offer products and services that meet the needs of our customers. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.
Within Corporate Risk, the Operational Risk Group is responsible for independently overseeing the management of operational risk exposures (including monitoring and reporting on aggregate operational risk exposures across groups, legal entities, geographies and jurisdictions) and the quality of operational risk management practices across the company.
of this group include: developing, maintaining, and ensuring adherence to enterprise-wide operational risk frameworks, risk policies, and risk management procedures aligned to approved risk appetite statements.
The Technology, Third Party and Information Risk Oversight (TTIRO) team is an Independent Risk Management (IRM) function within the Corporate Risk Group. TTIRO is accountable for Operational risk oversight of the front lines: Third Party Center of Excellence, Business Continuity and Resiliency, and Wells Fargo Technology, and oversight across the enterprise for technology risk, information security risk, information management risk, third-party risk, and business resiliency and disaster recovery risk. Objectives include:
Overseeing front line adherence to the Wells Fargo Risk Management Framework
Maintaining an independent view of the Company's aggregate and material technology risk, information security risk, information management risk, third-party risk, and business resiliency and disaster recovery risk
Identifying and providing appropriate operational risk coverage for the organizations in scope and their risk-taking activities
Enabling timely, informed and efficient operational risk identification, escalation, reporting, and decision-making
Market Skills and Certifications
s & Responsibilities
Conduct independent risk management reviews and identify control expectations with primary focus on information technology, information security, third party risk management, business resiliency and disaster recovery processes/applications.
Identify operational risk issues and assign risk ratings consistent with established policies and standards.
Evaluate the adequacy and effectiveness of applicable policies, procedures, processes, systems and internal controls.
Perform testing coverage gap analysis on policy requirements for risk types aligned to various operational and technology processes.
Develop, implement, and support an effective control testing operating model to provide transparency, accountability and escalation of control effectiveness.
Create and document control test scripts, testing success criteria and executing controls performance testing as a next step to design effectiveness testing.
Consult with frontline partners and other independent risk management teams to open issues related to control failures.
Validate/evaluate appropriateness, completeness, effectiveness and sustainability of corrective actions taken to address situations defined as issues.
Review for consistency and thoroughness, and suggest improvements for better resiliency.
Proactively monitor control effectiveness through quantifiable risk measurements.
Provide leadership and guidance to impacted stakeholders around control framework requirements aligned to technology/information security/third party/business resiliency and disaster recovery control implementation.
5-8 years of experience in risk assessment, control testing/evaluation and issue management on various technology risks, inclusive of but not limited to, information security risk, third party risk, business resiliency and disaster recovery.
Industry recognized certification such as CISA / CRISC / CISSP.
Good to have working knowledge of COBIT framework with an emphasis on measuring control effectiveness and risk assessments.
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.
Other desirable skills experience
Broad knowledge of operational risks including technology risk and the issues faced by financial institutions today.
Strong knowledge on enterprise risks, i.e. front office and middle office processes/controls would be considered as an added advantage.
Proven experience with managing technology risk issues.
Experience developing risk metrics and trending reports.
Ability to synthesize data from a variety of sources and deliver results quickly.
Strong organization and detail-oriented skills, with proven ability to manage and prioritize work to meet deadlines despite frequent interruptions.
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.
Internal Number: 50763BR
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s 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 United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
www.wellsfargo.com | Twitter: @WellsFargo