17 May

Operational Risk Manager Jobs Vacancy in Wells Fargo Hyderabad

Operational Risk Manager
Wells Fargo
Hyderabad TS
17 May, 2018 30+ days ago

Wells Fargo Hyderabad urgently required following position for Operational Risk Manager. Please read this job advertisement carefully before apply. There are some qualifications, experience and skills requirement that the employers require. Does your career history fit these requirements? Ensure you understand the role you are applying for and that it is suited to your skills and qualifications.

Follow the online directions, complete all the necessary fields, and provide all relevant information so your application is submitted correctly. When you click the 'Apply this Job' button (open in new window) you will be taken to the online application form. Here you will be asked to provide personal and contact details, respond to employment-related questions, and show how you meet the key selection criteria.

Operational Risk Manager Jobs Vacancy in Wells Fargo Hyderabad Jobs Details:

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 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 than 8,500 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 273,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

About Wells Fargo EGS (India) Private Limited

We are hiring for a position in Wells Fargo EGS (India) Private Limited.We are a critical component of the Wells Fargo strategy to leverage distinct advantages of a global environment.
Currently we are 12000+ strong team members with 3 locations (Chennai, Bangalore and Hyderabad) in India and 1 center in Manila.

Role & Responsibilities of the position:
Primary (what he/she does 80% of the time)

Responsible for building the team which will have their core responsibilities around-
A. Understanding og Third Party Risk- Risk assessment, Lifecycle testing requirements,Quality assurance.
B. Understanding of Business Continuity - Risk assessment, crisis management, testing, & reporting requirements.
C. Issue Management
A. Business Process Development, Risk & Control Assessment, Data Management and Quality Reviews; Analysis of Risks and Controls
B. Risk Appetite and KRI Reporting
C. Data Quality Reviews of loss data and RCSA data
D. Loss reporting and analysis
E. RCSA credible challenge reporting
Develop and implement operational procedures
Plan and manage processes to support business goals
Work with Head of RACM to balance workload and activities to support business goals; Resolve escalated issues; Develop and / or modify Wholesale level standards, policies, procedures to maximize efficiency and ensure compliance with Corporate policy and standards
Manages the use of data to support the processes

Success Factors
Productivity and Quality
Data management of risks, controls, standard process flows, detailed process maps (online and offline)
Development of new processes, process refresh, and /or processing of change controls to quality standards including SLA
Development of meaningful insights from risk and control analysis for horizontal process reviews
Identification of data quality errors for remediation; Management of remediation process to quality standards including SLA
reporting to quality standrads including SLA
Management Skills
1 Ability to lead team members; Coaching and Development
2 Address common quality issues
3 Adoption and adaption of change

Operating Environment:
Team of risk professionals located in multiple cities/countries providing support to Wholesale teams across different lines of defense

KRAs: Financial
  • Responsible for forecasting and managing to meet the budget for all direct and indirect reports.
  • Relationship Management
  • Must work with Operational Risk and Compliance Managers across Wholesale Operations, line and group risk functions
  • Must work with Wholesale risk program support group
  • Strategic Management
  • This position is responsible for identifying the strategic direction for wholesale ops risk programs at EGS and support the functional management's strategic and tactical objectives as appropriate
  • Operational Management





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