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.
Wells Fargo 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 Senior Officer is responsible for 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.
Use subject matter expertise and business domain knowledge to provide independent oversight and credible challenge to front line operational risk management activities
Routine engagement with the Control Executive teams, Function Heads and Independent Risk leaders to promote a strong operational risk culture
Active engagement in 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
Provides 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
Manage relationships with Business Head, Independent Risk Management, Group Control Executives, Legal, Audit and multiple Regulators
Leads project/ virtual teams and mentors 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
University degree in Business or related discipline.
12+ years of overall experience; 6+ 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
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.
Internal Number: 55488BR-1
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