Operational Risk Manager Vice President
- Wells Fargo
- 15 - 18 years
- Bengaluru
- 5 years ago
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Job Description
About the Role
- We are looking for employees to perform evidence-based control evaluations. This process may involve sampling and inspecting evidence to assess the design and operating effectiveness of controls and whether they are mitigating their assigned risks.
- We are looking for a Business Control Manager to join our team and bring prior control design and operating effectiveness assessment experience to the Front Line.
- The right candidate will be responsible for evaluating controls to ensure proactive self-identification of issues and events, root cause analysis, resolution of control deficiencies and provides insight into emerging risks while operating in a very dynamic manner, connecting and building relationships with key partners across respective Business Group / Enterprise Function.
Responsibilities
- Identify, assess and mitigate risks across all risk types, in coordination with LOB and assurance activities consistent with the risk management framework and policies established by Independent Risk Management.
- Leads control evaluations, which may vary in complexity and risk level, and may perform quality reviews of these evaluations. Proficient understanding of quality reviews to ensure the accuracy of evaluation scope, test scripts, assessment results, and control deficiencies identified.
- Consults on the development, maintenance and execution of control evaluation test scripts and evaluation strategies.
- Completes control evaluations on schedule. Maintains and executes the Evidenced-Base Control Evaluation Plan.
- Assesses, documents, and communicates emerging risks, themes and identified control deficiencies to management and risk partners in a timely manner.
- Ensures any potential control deficiencies discovered during the completion of the control evaluation are properly documented and follow through on reporting, escalation, and resolution.
- Foster strong relationships with team and collaborate effectively. Ensures coordination with team, line of business, other business units, Audit, and regulators on risk related topics.
- Completes applicable documentation in accordance with requirements.
- Ensures internal collaboration with the team, line of business, and risk partners.
- Aggregates emerging risks from teams as control evaluations are performed.
- Interfaces internally with the team, line of business, and risk partners.
- Dynamic leader role with the opportunity to lead project/virtual teams and mentor less experienced employees.
- Manages a team of Associate Managers, Officers, Senior Associates and/or Associates or cross-functional teams in accomplishing goals.
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: Assurance Automation Operational risk Commercial banking Investment banking Investment management Management Risk management Analytics 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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