Job
Description
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
