WELLS FARGO BANK Hiring for Sr Manager Operational Risk Job at Bangalore Full Time

Wells Fargo is seeking an Operational Risk Senior Manager…

In this role, you will:

• 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 Change Management /Data Management /Third Party Risk Management /Resiliency / Fraud risk management.
• Provide SME support to effectively collaborate with business partners in the first line-of-defense (FLOD) and second line of defense (SLOD) in the establishment and maintenance of change/data/third party/resiliency/ fraud risk policy and processes
• Provide monitoring and independent oversight of the execution of change/data/third party/resiliency/ fraud risk as they relate to policy and standards, including the independent oversight of the build out of a new front line process dedicated to the end-to-end risk management lifecycle.
• Develop, implement, and support an effective control review and challenge process to provide transparency, accountability, and escalation of control effectiveness.
• Consult with frontline partners and other independent risk management teams of technology/information security/ Business aligned Ops Risk to open issues related to control failures.
• Validate/evaluate appropriateness, completeness, effectiveness, and sustainability of corrective actions taken to address situations defined as issues.
• Provide leadership and guidance to impacted stakeholders around control framework requirements aligned to change/data/third party/resiliency/ fraud and disaster recovery control implementation.
• Manage and develop an Operational Risk team of individual contributors and managers in roles with moderate complexity and risk
• Engage and influence stakeholders, internal partners, and Compensation peers associated with Compensation functional area or who are affected by its outcomes
• 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
• Establish and assure execution of operational risk programs companywide with considerable risk and multiple regulatory environments
• Provide operational risk expertise and consulting to complex business units for initiatives with high risk, generally spanning multiple business lines
• Consult with and influence executive leadership, operational risk, and business management to identify, formulate, and implement operational risk policies, procedures and controls
• Ensure reporting, escalation, and remediation of issues, deficiencies, or regulatory matters regarding operational risk to leaders, committees, and appropriate business management
• Lead initiatives that cross multiple lines of business in scope with significant impact and risk
• Collaborate and influence all levels of professionals including more experienced leaders
• Lead team to achieve objectives
• Manage communication and collaboration with business heads, Legal, Audit, and regulators on risk related topics
• Manage allocation of people and financial resources for Operational Risk
• Develop and guide a culture of talent development to meet business objectives and strategy

Required Qualifications:

• 18+ years of experience in Technology/Info Sec/Change/Data/Third party/Resiliency/Fraud or 20+ years of financial services industry experience which must include direct experience in Change, Data, Resiliency along with a strong background in operational risk management (including audit or legal) experience.
• Experience performing risk assessment, control evaluation, risk reporting and issue management on various risks, inclusive of but not limited to, information security risk, business resiliency and disaster recovery.
• Ability to lead SME team members and provide them direction on oversight priorities.
• Extensive experience on senior management reporting, board reporting, ability to deep dive into control metrics
• Good exposure in interacting with Global process owners, Enterprise Senior leaders to influence and shape the RTT Oversight deliverables.

Desired Qualifications:

• Working knowledge of local and European/US banking guidelines related to various risk types and outsourcing in financial services (OCC, FRB, RBI, BSP) and able to apply that knowledge to sound risk management practices
• Industry recognized certifications such as CISM, CRISC, CISA, ITIL
• Advanced Microsoft Office skills.
• Ability to challenge for 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.
• Ability to interact with all levels of an organization and present complex material in a digestible, consumable manner to all levels of management.

Other desirable skills experience

• Broad knowledge of operational risk frameworks, industry trends and the issues faced by financial institutions today.
• Background and experience in risk management of Technology, information Security, Application Development will be an added advantage
• Strong knowledge on enterprise risks, i.e., front office and middle office processes/controls.
• Experience developing risk metrics and trending reports.
• Strong organization and detail-oriented skills, with proven ability to manage and prioritize work to meet deadlines despite frequent interruptions.
• Highly proactive, able to work both independently and within a collaborative team-oriented environment using sound judgment in decision-making.

Demonstrated ability to work effectively with virtual and/or geographically dispersed teams.

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, or status as a protected veteran.

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.