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 I&P I&P enables businesses and staff groups to leverage global talent and capabilities across multiple geographies. The I&P Delivery platform includes global in-house centers in India and the Philippines, as well as third-party service providers located globally. Learn more about I&P at our International Careers website
The Independent Risk Management (IRM) supports the current, expected demand for implementing Risk Management Framework. As part of Business Aligned Controls group (BACG), the team is accountable for defining, implementing and managing Corporate Risk (CR) team's related risks across Wells Fargo India and Philippines
About the role This is a Senior Individual Contributor role supporting Corporate Risk Controls group. The individual will be responsible for developing, implementing the Global Delivery Risk program requirements and other controls governance / reporting routines that support the controls organization as per risk & controls framework
The primary role of the Business Risk and Controls Officer will be to support the I&P CR BACG team in executing Global Delivery Risk programs in alignment to Risk & Controls framework. Candidate should possess strong background in Operational Risk Management, and the ability to work across a large, complex and highly matrixed organization will be critical. As the Controls organization, we are responsible for the development and maintenance of a strong control environment that leads to early identification and sustainable mitigation of operational risk.
Responsible for driving end to end risk & control related programs and related requirements / activities.
Create testing framework and sustainable working solutions for any new control related activities / requirements
Demonstrate thorough functional understanding as a subject matter expert
Drive risk & control reviews on all new / change transitions per requirements from Transition Governance Framework
Development and maintenance of Risk assessment strategies, methodologies and related processes / procedures.
Evaluate the adequacy and effectiveness of policies, procedures, processes, systems and internal controls; analyze business and/or system changes to determine impact, identify and assess operational risk issues and assigns risk ratings consistent with established policy standards
Assess applicability & redraft / implement policies and procedures in alignment with CR roles & responsibilities
Facilitate end to end issue management for all risk incidents including developing & validating sustainability of action plans, root cause analysis and identify trends for proactive mitigation
Perform ongoing monitoring & validation of policy exceptions
Facilitate Enterprise Risk Identification and Assessment programs
Ability to deliver training sessions/control awareness programs to internal teams & business groups
Demonstrate documentational abilities, collaborative efforts and strong partnership with stakeholders and internal teams to support the role requirement
Support regulatory reviews, audits and other compliance activities, including:
Quarterly risk & controls reporting to leadership teams and other governance routines
Other control programs / projects in partnership with accountable business groups
Performs review activities and overlooking the nuances of the team to implement all key operational risk components
Drive continuous improvement & transformation initiatives to enable new opportunities for process efficiencies
Market Skills and Certifications
University degree in Business or related discipline.
Experience of minimum 6+ years in Operational Risk domain and Risk Assessment programs.
Strong knowledge of the Operational Risk Framework and disciplines primarily in the Banking industry and its related operations
Strong interpersonal skills with the ability to convey complex information in a clear, concise manner. Ability to produce high-quality reports and documentation
Strong time management skills and the demonstrated ability to manage multiple tasks and meet deadlines with minimal supervision
Must have demonstrated strong technical writing skills including the proven ability to clearly document activities, processes and test results
Experience with developing and creating documentation for support and training activities
Critical thinking and Strong analytical skills with high attention to detail and accuracy
Strong comprehension/ability to learn technology tools, communication & analytical skills
Excellent verbal, written, and interpersonal communication skills.
Ability to work with and communicate with all levels of the organization
Proficiency with MS office (MS Word, Excel, PowerPoint) and MS-Visio.
Self-starter and able to work independently
Strong stakeholder management skills
Strong Documentation skills
Minimum of 10-12 years of overall experience with a minimum of 6+ years in the Operational Risk Management, Risk Assessment, Global delivery model and Compliance discipline.
Experience in Banking or Multinational Financial Institution.
Experience of working across one or more geographic territories or regions
Professional Risk Certifications if any.
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.
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.
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