Senior Lead Operational Risk Officer - Consumer Lending Risk Hyderabad, India

About this role:

Wells Fargo is seeking a Senior Lead Operational Risk Officer.

To support Consumer Lending Operational Risk Business Oversight. 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.

In this role, you will:

• Provide companywide oversight and governance of an integrated operational risk program or initiative
• Develop and drive innovative operational risk approaches and solutions companywide through an influence model
• Identify potential business operational risks
• Develop and drive innovative operational risk approaches and solutions companywide through an influence model
• Constructively and independently challenge existing risk management fundamentals or assumptions and develop alternative approaches and solutions
• Evaluate long term implications and consequences of strategic business decisions and recommend appropriate alternatives for risk management
• Lead implementation of complex initiatives with high risk, generally spanning multiple business lines
• Consult to the business on corrective action plans and effectively managing change
• Influence and negotiate with executive management and business heads as high-level stakeholders both within and outside Wells Fargo
• Lead initiatives and virtual teams across the organization to deliver companywide business risk management transformations
• Collaborate and consult with peers, colleagues, and managers to resolve issues and achieve goals
• Lead project or virtual teams and mentor less experienced staff

Required Qualifications:

• 7+ years of Operational Risk experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.

Desired Qualifications:

• 7+ years of experience in risk management or front-line control's function
• Advanced Microsoft Office skills and experience in building simple solutions in tools like Alteryx/Tableau etc.
• Excellent verbal, written, and interpersonal communication skills
• Strong analytical skills with high attention to detail and accuracy 
• Ability to articulate complex concepts in a clear manner.
• Meaningful knowledge across Enterprise Risk Management framework, including risk identification, risk appetite and strategy, risk-related decisions, processes and controls, risk analytics and governance
• Deep technical understanding of specific business operations processes, products and customer interactions and where they manifest risk (e.g. Corporate & Investment Banking/ Commercial Banking/ Consumer Lending/ Consumer & Small Business Banking/ Wealth & Investment Management, Human Resources, Finance, Corporate Risk)
• Strong interpersonal, influencing, and communications skills with an ability to interact effectively with stakeholders at all levels, experience and the ability to effectively manage and build relationships
• Proven skills to drive alignment across stakeholder groups to develop and deliver repeatable end to end risk management solutions
• This position supports Consumer Lending Operational risk business oversight and is expected to use subject matter expertise and business domain knowledge to provide independent oversight and credible challenge to front line operational risk management activities.
• 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
• Experience in 1st or 2nd line of defense.
• 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.

Job Expectations:

• Shift timings: 1:30 PM to 10:30 PM.
• Qualified CA / FRM / CIA or Master's degree in business or related discipline.

Senior Lead Operational Risk 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.

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
• Leverage their experience to bring industry leading standards, practices and tools to the organization

Working Hours: 1.30 PM to 10.30 PM IST

Posting End Date: 

*Job posting may come down early due to volume of applicants.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.