Lead Operational Risk Officer, Wells Fargo

Wells Fargo

Location:

India, Bengaluru

Category:

Finance

Contract Type:

Not provided

Salary:

Not provided

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Job Description:

Wells Fargo is seeking a Lead Operational Risk Officer to develop, implement, and monitor risk-based programs to identify, assess, and mitigate operational risks. The role involves evaluating policies, procedures, and internal controls, providing operational risk expertise to business units, and leading teams to achieve risk management goals.

Job Responsibility:

Develop, implement, and monitor risk-based programs to identify, assess, and mitigate any operational risk that arises from inadequate or failed internal processes, people, systems, or external events
Maintain a balance between risk mitigation and operational efficiency
Evaluate the adequacy and effectiveness of policies, procedures, processes, systems, and internal controls
Analyze extremely complex business and system changes to determine impact, identify operational risk issues and participate in the development of risk ratings
Provide operational risk expertise and consulting to complex business units for initiatives with high risk, generally spanning multiple business lines
Design and develop the most complex testing strategies, methodologies and analyses
Consult with the business to develop corrective action plans and effectively manage change
Identify training opportunities
Design and coordinate the development of training materials and coordinate or deliver training
Report findings and develop business cases to influence executive management, management committee member or head of business on the need for controls to mitigate risk
Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals
Lead project or virtual teams and mentor less experienced staff

Requirements:

5+ years of Operational Risk experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Knowledge of Corporate and Investment Banking Business including knowledge of entitlements, trade processing, pricing, corporate actions, middle office banking, fund management is desirable
Expert knowledge of Risk and Control assessment, process risk reviews, ORM Framework, Issue Management lifecycle
Strong MS Office skills with knowledge of systems like Power BI, Swift, BaNCS etc. is desirable
Meaningful knowledge across Enterprise Risk Management framework, including risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance
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
Ability to work in a dynamic environment, and adjust to changing priorities
Flexible to work across different time zones as per business requirements
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 certification such as CIA/ CFSA/ CFA/ CISA/ CRISC would be an advantage

Nice to have:

Knowledge of Corporate and Investment Banking Business including knowledge of entitlements, trade processing, pricing, corporate actions, middle office banking, fund management is desirable
Expert knowledge of Risk and Control assessment, process risk reviews, ORM Framework, Issue Management lifecycle
Strong MS Office skills with knowledge of systems like Power BI, Swift, BaNCS etc. is desirable
Industry certification such as CIA/ CFSA/ CFA/ CISA/ CRISC would be an advantage

What we offer:

Diversity, equity and inclusion in the workplace
Accommodation for applicants with disabilities is available upon request in connection with the recruitment process

Additional Information:

Job Posted:

March 28, 2025

Expiration:

April 29, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Lead Operational Risk Officer