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Senior Operational Risk Specialist

4 months ago


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

Wells Fargo is seeking a Sr Operation Risk Specialist

To oversee and independently assess the Front Line's execution of its risk management responsibilities and Front Line risk decisions. Additionally, responsible for aggregating risks and identifying trends across the organization and provides senior management with an independent perspective on the level of risk to which the Company is exposed across all Business Groups, Enterprise Functions, and Level 1 risk types.

In this role, you will:
  • Manage the development, implementation, and monitoring of a risk-based program for a business or large functional area with moderate to high risk to identify, assess and mitigate 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 business and system changes to determine impact, assess operational risk issues, and assign risk ratings consistent with established policy standards
  • Provide operational risk expertise and consulting to complex business units for initiatives withhigh risk
  • Design and develop 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 management on the need for controls to mitigate risk
  • Manage and coordinate production of periodic operational risk performance reports for management, including trend research and recommended strategies
  • Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals
Required Qualifications:
  • 4+ years of Operational Risk experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:

7+ years of experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management)
  • Excellent verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy, and ability to draw conclusions and translate findings from complex data
  • Experience gathering, analyzing and interpreting large datasets
  • Ability to execute in a fast paced, high demand environment while prioritizing work and balancing multiple priorities
  • Advanced Microsoft Office skills
  • Ability to work effectively in a team environment and across all organization levels, where flexibility, collaboration and adaptability are important
  • Ability to exercise independent judgement and creative problem solving techniques
Additional Requirements:
  • Knowledge and understanding of continuous monitoring tools/detection tools/controls/processes, and ability to identify emerging risks and offer mitigations recommendations
  • Experience with Risk Appetite Metric and Key Indicator programs
  • Experience with Risk Control Self-Assessment (RCSA) process
  • Experience with Operational Risk Event (ORE) assessment process
  • Experience with Enterprise Risk Identification (ERID) assessment process
  • Experience with Tableau and other visualization tools, with the ability to incorporate a visual data story into an actionable narrative for executive audience
  • Knowledge of SHRP and other risk systems
  • Experience in establishing and managing training programs
  • Ability to review and develop work plans and effectively summarize results
  • 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.

Posting End Date:

*Job posting may come down early due to volume of applicants.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.