Operational Risk Seniorr Officer
- Wells Fargo
- 5 - 8 years
- Bengaluru
- 5 years ago
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Job Description
About the Role:
Operational Risk Senior Officer is responsible for enterprise-wide oversight and governance of complex business group or manages integrated enterprise wide operational risk program(s) / initiative(s). Proactively identifies potential business operational risks. Develops and drives innovative operational risk approaches and solutions across the enterprise through an influence model. Key Responsibilities:
- Use subject matter expertise and business domain knowledge to provide independent oversight and credible challenge to front line operational risk management activities
- Routine engagement with the Control Executive teams, Function Heads and Independent Risk leaders to promote a strong operational risk culture
- Active engagement in key front line governance routines inclusive of Risk Control committees and business reviews
- Oversee and challenge the front line across all operational risk routines including plan, identify and assess, control and mitigate, test and validate, monitor and report
- Perform independent risk assessment of the front line, inclusive of emerging risks
- Review and challenge of front line risk acceptances and new business initiatives
- Identify and escalate to senior leadership conflicts with risk management results and expected business outcomes
- Evaluate cross-program and cross-group analytics to identify opportunities and best practices to influence stronger risk management practices by the business
- Provides consulting to business on corrective action plans and effectively managing change
- Develop and deliver content to senior business, Independent Risk, Audit and Regulatory leaders summarizing the results of the independent risk assessment activities
- Manage relationships with Business Head, Independent Risk Management, Group Control Executives, Legal, Audit and multiple Regulators
- Leads project/ virtual teams and mentors but does not manage other team members.
- Engage with other region and US-based Operational Risk Business Oversight (ORBO) teams to ensure holistic oversight of the end to end business is achieved.
- This position requires business engagement to drive and effect change. The candidate should have specific business domain exposure and experience in risk management activities either as an Independent Risk Management or front line Controls.
A successful candidate will have the experience and ability to:
- Successfully review and challenge business operational risk management practices and outcomes.
- Build and sustain a strong risk culture including a balanced approach through working in cooperation and consultation with all lines of defense across the enterprise.
Job Classification
Industry: Banking, Financial Services, BrokingFunctional Area: Financial Services, Banking, Investments, Insurance, Role Category: Senior ManagementRole: Senior ManagementEmployement Type: Full timeEducation
Under Graduation: Any Graduate in Any SpecializationPost Graduation: Post Graduation Not RequiredDoctorate: Doctorate Not Required, Any Doctorate in Any SpecializationContact Details:
Company: Wells FargoLocation(s): Bengaluru
Keyskills: Automation Financial reporting Data management Risk assessment Information security Consulting operational risk management Analytics Monitoring Auditing
Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community- based financial services company with $1. 9 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more ...
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