Operational Risk Management Specialist
4 days ago
The Wells Fargo Foundation is seeking a highly skilled Lead Operational Risk Officer to join our team. In this role, you will be responsible for developing, implementing, and monitoring risk-based programs to identify, assess, and mitigate operational risks.
You will maintain a balance between risk mitigation and operational efficiency, evaluating the adequacy and effectiveness of policies, procedures, processes, systems, and internal controls. This includes analyzing complex business and system changes to determine their impact, identifying operational risk issues, and participating in the development of risk ratings.
As a Lead Operational Risk Officer, you will provide operational risk expertise and consulting to complex business units, designing and developing testing strategies, methodologies, and analyses. You will also consult with the business to develop corrective action plans and effectively manage change.
Key Responsibilities:
- Evaluate the adequacy and effectiveness of applicable policies, procedures, processes, systems, and internal controls.
- Perform gap analysis on policy requirements for risk types aligned to various operational and technology processes.
- Prepare and issue technology risk reports giving independent risk management opinions on the state of operational risk.
- Provide oversight of technology transitions by participating in risk reviews.
- Develop, implement, and support an effective control review and challenge process to provide transparency, accountability, and escalation of control effectiveness.
Requirements:
- 5+ years of operational risk experience or equivalent demonstrated through work experience, training, military experience, education.
- Experience in risk assessment, independent risk management, control evaluation, risk reporting, and issue management on various information and cyber security risks.
- Industry-recognized certification such as CISM/CISA/CRISC/CISSP.
- Good working knowledge of COBIT framework with an emphasis on measuring control effectiveness and risk assessments.
- Working knowledge of local and US banking guidelines related to Information Security oversight and outsourcing in financial services (OCC, FRB, RBI, BSP) and ability to apply that knowledge to sound risk management practices.
- Advanced Microsoft Office skills.
- Ability to challenge material areas of improvement and articulate risk impact.
- Excellent verbal, written, and interpersonal communication skills.
- Strong analytical skills with high attention to detail and accuracy.
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