Operational Risk Management Specialist

1 day ago


Chennai, Tamil Nadu, India WELLS FARGO BANK Full time

About this role:

We are seeking a highly skilled Operational Risk Management Specialist to join our team at Wells Fargo Bank. In this role, you will be responsible for mitigating current and emerging risk exposures associated with the activities and operations of our assigned business group.

Your key responsibilities will include:

  • Participating in risk monitoring, risk reporting processes, and controls while evaluating and reporting results where necessary
  • Reviewing and analyzing basic business challenges that require research, evaluation, and selection of alternatives
  • Developing and implementing risk management solutions to identify opportunity for process improvements within the scope of defined business control responsibilities
  • Presenting recommendations for resolving complex situations and exercising independent judgment while developing Control Management functional area expertise
  • Providing support in the interpretation of policy, guidelines, and governance programs as front-line liaison to Independent Risk Management area

Requirements:

To succeed in this role, you will need to have:

  • 2+ years of experience in Risk Management or Financial Services industry, or equivalent demonstrated through work experience, training, military experience, or education

Desired Qualifications:

In addition to the requirements above, we are looking for candidates who have:

  • Bachelor's degree or higher
  • Overall experience of 5+ years with 2 years of relevant experience in Financial Services industry and/or risk & control domains covering operational risk, controls testing/evaluation, compliance, internal audit, risk management, etc.
  • Experience in automation/advanced Excel/reporting will be an advantage
  • General knowledge of industry standards and best practices around control evaluations/testing, internal audit, and risk management processes
  • Experience creating test questions or test scripts
  • Experience assessing control design and performance through testing, audit, or Risk Control Self-Assessment practices
  • Experience assessing processes, procedures, and identifying controls
  • Experience in assessing risk, reviewing risk ratings, identifying control gaps, and determining the appropriate evaluation methodology

Job Expectations:

You will be expected to demonstrate:

  • A comprehensive understanding of operational risk management in the financial services or other highly regulated industries
  • Strong analytical skills with high attention to detail and accuracy
  • Excellent verbal, written, interpersonal communication skills, and stakeholder management
  • A positive attitude and readiness to work in a challenging and dynamic environment
  • Flexibility to multi-task and work across domains and business groups
  • The ability to credibly challenge, conduct tough conversations, and effectively communicate with various levels of management
  • The ability to synthesize data from a variety of sources and deliver results quickly

Compensation:

The estimated salary range for this position is $80,000-$110,000 per year, depending on experience.

About Us:

Wells Fargo is committed to diversity, equity, and inclusion in the workplace. We welcome applications from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, genetic information, individuals with disabilities, pregnancy, marital status, or any other protected characteristic.



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