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Institutional Investment Operations Specialist

1 month ago


Bengaluru, Karnataka, India WELLS FARGO BANK Full time
About this role:

We are seeking a Risk Management Leader for Institutional Investment Operations to join our team at Wells Fargo. This position will be responsible for providing risk management leadership and expertise to businesses in Security Operations. The leader will be responsible for leading risk identification, assessment, escalation, and mitigation strategies, and will perform programmatic day-to-day risk and control activities in support of and in partnership with front-line business teams.

Key Responsibilities:
  • Guide business leaders through detailed risk and control evaluations, collection of metrics and supporting observations, and maintaining recurring forums to evidence management validation
  • Continuously engage in discussions with LOB partners on strategy, industry trends, organizational changes, and new/modified markets, systems, products, and services, to determine impact and identify and remediate risk and control issues across all risk types
  • Support the Key Risk Indicators (KRIs) development process for Markets business high inherent risks
  • Responsible for issue management by documenting and assessing control weaknesses and operational risk incidents using methods such as root cause analysis
  • Consult with business process owners to develop corrective action plans and control redesign. Oversee implementation progress and conduct control evaluation efforts as required
  • Coordinate with business and support partners for creation of Self-Disclosed issues in Issues Management system of record. Record losses in the system of record, as applicable
  • Establish and update recurring and timely reports on risks, initiatives, and deliverables for communication with business leaders and risk partners
  • Conduct advanced planning and coordination with appointed business contacts and internal testing and examination engagement leaders/teams such as Independent Testing and Validation (IT&V), Internal Audit, and Regulatory exams
  • Monitor and evaluate emerging risks, operational trends, and external events for potential impact to the control environment in context of RCSA
  • Review and analyze functional operational tasks that require research, evaluation, and exercise independent judgment to guide the deliverable
  • Present recommendations for resolving complex situations and exercise independent judgment while developing expertise on functions, projects, internal and industry-related initiatives
  • Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals
Requirements:
  • 5+ years of Investment banking Operations, Implementation, or Strategic Planning experience, or equivalent demonstrated through one or a combination of the following: work experience, training, education
Preferred Qualifications:
  • Front-line direct experience with developing and/or executing risk and control assessment programs
  • Extensive knowledge of RCSA, process, purpose, scope, roles, and responsibilities, accountabilities, and deliverables
  • Strong knowledge of products, services, applicable regulations, and policies, business processes, systems, and customers across Markets Division products
  • Experience in large and complex banking or broker/dealer institutions, risk management leadership experience in multi-jurisdictional global financial institution
  • Proven experience with Enterprise Risk Identification process; proven track record building and implementing risk programs
  • Prior experience in risk process improvement, standardization, and automation of business and control processes, quality assurance, and control routines, and risk and control metrics and reporting
  • Knowledge and experience in risk management practices and applicable systems used at Wells Fargo
  • Knowledge of the Risk Management Framework (RMF) concepts and policies across risk types (regulatory, financial crimes, credit, operational, etc.)
  • Ability to synthesize data and observations from a variety of sources, deliver succinct summaries (both verbal and written), and enact response quickly
  • Personal ability to understand and operate successfully in a complex, heavily matrixed corporate environment