About Wells Fargo
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.
Department Overview
OPERATIONAL RISK CONTROL TEAM supports Risk Control Self-Assessment (RCSA) Program Management, execution, data/quality assurance, gap remediation and production activities to meet the objectives of Operational Risk Strong Foundations & Risk TOS Initiatives. As the Business Process Risk Management (BPRM) program is so tightly integrated with the SHRP RCSA model, support of BPRM Compile & Stratify and Analyze & Remediate processes is also supported by this team. Including Operational Risk Events related information and life cycle.
About the Role
Use of this job is restricted to Control Executive groups with Front Line Risk Management. The Business Risk and Control team is responsible for partnering with the relevant business group to identify, assess, manage and mitigate current and emerging risk exposures associated with their activities and operations. Monitors, measures, evaluates, and reports on the impact of decisions and controls to the relevant business group and enterprise function. Provides guidance to business groups on the development, implementation, and monitoring of business-specific programs to identify, assess, and mitigate risk. Provides support in the interpretation of policy, guidelines, and governance programs as front line liaison to Independent Risk Management area for low to moderate risk and complexity enterprise risk programs. Supports business in designing and implementing risk mitigation strategies, business processes and controls that mitigate risks and address regulatory requirements. Develops and implements risk monitoring and risk reporting processes and controls. Monitors and reports on its risk concentration, current and emerging risk, and risk appetite. Aggregates, evaluates, reports results and escalates where necessary. Designs and executes control effectiveness assurance programs for Front Line-owned controls. Supports and implements initiatives with low to moderate risk. Internal interaction with team to support identification, management and mitigation of business-specific risk programs. Limited to no external interaction. Works independently; does not manage other team members.
Market Skills and Certifications
Responsibilities- Ideal candidate should possess in depth knowledge of Operational Risk Events life cycle with exposure to Wealth and Investment lines of businesses.
- Develops and implements risk monitoring and risk reporting processes that align with company-wide risk programs. Monitors and reports on its risk concentration, current and emerging risk, and risk appetite. Aggregates the results of its monitoring efforts (as part of its self-assurance activities reporting routines), evaluates findings, reports on results and escalates where necessary.
- Designs and executes a control effectiveness assurance program for Front Line-owned controls.
- Proactively creates and adapts strategies in line with Risk Appetite and adjusts business activities when required or accepts risk.
- Should possess good problem solving and decision making skills and be able to propose solution to the situation presented.
- Must have strong time management skills and the demonstrated ability to manage multiple tasks and meet deadlines with minimal supervision.
Essential Qualifications- Graduate (10+2+3) in any discipline with excellent academic track record from any reputed University/College
- 8+ years of experience in risk (includes compliance, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management demonstrated through work or military) or 3+ year in the foregoing or financial services industry and a BS/BA degree or higher in business or a related field .
- Meaningful knowledge of the enterprise risk management framework, including: risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance.
- End to end management of Operational Risk Events is preferred.
- Excellent communication skills
Desired Qualifications- Certification in Operational Risk Management
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. |
