Operational Risk Manager, Wells Fargo

Wells Fargo

Location:
India, Bengaluru

Category:
Banking

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

Wells Fargo is seeking an Operational Risk Manager to manage and develop a team of individual contributors with low to moderate complexity and risk in Compensation functional area. The role involves engaging stakeholders, managing risk-based programs, and ensuring a balance between risk mitigation and operational efficiency.

Job Responsibility:

Manage and develop a team of individual contributors with low to moderate complexity and risk in Compensation functional area
Engage stakeholders and internal partners associated with Compensation functional area
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
Influence operational risk and business management to identify, formulate, and implement operational risk policies, procedures, and controls for the respective business or functional area to mitigate risk
Provide operational risk expertise to business projects and initiatives and participates in the development of risk rating systems
Consult with and influence operational risk and business management to identify, formulate, and implement operational risk policies, procedures, and controls for the respective business or functional area to mitigate risk
Manage reporting, escalation, and timely remediation of issues, deficiencies, or regulatory matters regarding operational risk to management
Lead implementation of complex and strategic initiatives with moderate risk and complexity
Collaborate and influence all levels of professionals including more experienced managers
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
Mentor and guide talent development of direct reports and assist in hiring talent

Requirements:

4+ years of Operational Risk experience or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
2+ years of Leadership experience

Nice to have:

Knowledge and understanding of continuous monitoring tools/detection tools/controls/processes including technology processes, and ability to identify emerging risks and offer mitigations recommendations
Business domain knowledge on Banking business functions / processes
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

Additional Information:

Job Posted:
May 05, 2025

Expiration:
May 11, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Operational Risk Manager