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
Wells Fargo 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.
Corporate Risk Risk management at Wells Fargo is organized with clearly defined lines of defense to provide effective risk oversight and decision-making across the organization. Each line of defense is assigned specific responsibilities and understands the associated activities it is expected to perform. Independent risk management in Corporate Risk is responsible for independent oversight of risk-taking activities.
About the Role
The primary role of the Operational Risk Associate will be to support TTIRO - Compliance Technology Risk Management function at EGS global in-house centers. With a strong background in technical process, risk, and control knowledge, operational risk management methodology, concepts, and good understanding of the operational landscape of enterprise tools for risk management, the ORA demonstrates experience in creating and documenting control testing requirements, and executing controls performance testing as a next step to design effectiveness testing. A proven ability to work across large, complex, and highly matrixed organization, across multiple time zones will be critical.
Develop, implement, and support an effective governance operating model to provide transparency, accountability and escalation of control design and effectiveness.
Proactively monitor control effectiveness through quantifiable risk measurements.
Provide leadership and guidance to impacted stakeholders around regulatory and authoritative source requirements and technology control implementation.
Understand and identify control expectations for technology and information security processes and activities based on regulatory requirements, corporate policy, and industry best practice.
Works with complex frontline units and provides operational risk oversight and consulting for risk initiatives and remediation activities.
Review frontline assessment strategies, methodologies, and analysis.
Evaluate the adequacy and effectiveness of applicable policies, procedures, processes, systems and internal controls.
Conduct independent risk management reviews with primary focus on authoritative source and regulatory requirements for information technology processes and/or applications, information security and third party risk management areas. Identify operational risk issues and assign risk ratings consistent with established policies and standards.
Monitor industry, technology and regulatory trends to determine business impacts.
Consult with frontline partners and other independent risk management teams to develop corrective action plans
5 - 8 years of experience in operational risk, IT systems security, compliance, business process management, or financial services, of which at least 4 - 5 years must include direct experience in operational risk (technology, information security, third party).
Working knowledge of COBIT framework with an emphasis on measuring control effectiveness.
Market Skills and Certifications
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 technology risk issues facing financial institutions today, including information security, third party providers, privacy, BCP/technology recovery, Information Life Cycle Management, and other domain risks.
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.
Industry recognized certification such as CISA / CRISC / CISSP
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: 55611BR-2
About WELLS FARGO BANK
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