Senior Operational Risk Specialist (RM SSC)

About this role:

Wells Fargo is seeking a Senior Operational Risk Specialist

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 with high 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:

• Experience in compliance, operational risk management (includes audit, legal, risk, compliance or the management of a process or business with accountability for compliance or operational risk), or a combination of both
• Ability to articulate complex concepts in a clear manner
• Advanced Microsoft Excel and PowerPoint skills
• Excellent verbal, written, and interpersonal communication skills
• Strong analytical skills with high attention to detail and accuracy
• Ability to interact with all levels of an organization
• Experience with risk management-related analysis, including thematic reviews

Job Expectations:

Wells Fargo is seeking a skilled & proficient Risk Management professional for the Senior Operational Risk Specialist role within the Risk Monitoring Shared Service Capabilities. The person in the role is responsible for conducting data-driven monitoring across various Operational Risk programs such as Risk & Control Environment, Issue Management, Operational Risk Events, Key Risk Indicators etc. The role will support operational risk monitoring routines across various business lines and corporate functions within Wells Fargo and utilize the monitoring routines for effective operational risk oversight.

• Support execution of risk monitoring activities as outlines under various operational risk management programs and procedures
• Review underlying data elements to identify trends and red flags
• Articulate findings in sufficient details; Discuss and finalize findings with identified stakeholders
• Reviewing existing monitoring activities for enhancements and simplification opportunities
• Collaborate and consult with peers, less experienced to more experienced managers, to resolve issues, and achieve identified goals
• Provide an aggregate independent enterprise-wide view of risk monitoring activities (execution, delivery, and process management)
• Create and maintain data-driven monitoring routines. Build automated alerting mechanisms to flag breaches based on pre-defined tolerance levels/risk appetite
• Timely escalate concerning trends and conduct root cause analysis utilizing Risk and/or business data
• Leverage technology tools to automate repeatable tasks to drive efficiencies/strengthen controls
• 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
• Report findings and develop business cases to influence management on the need for controls to mitigate risk
• Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals
• Work Location: HYD, BLR
• Shift Timings: 1:30 PM to 10:30 PM IST

Posting End Date: 

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

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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 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.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.