Operational Risk Associate - Risk & Audit

Bangalore, Karnataka, India
Competitive salary
26 Nov 2020
27 Nov 2020
About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Market Job Description

About Wells Fargo India

Wells Fargo India enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Technology, Operations, Risk, Audit, Process Excellence, Automation and Product, Analytics and Modeling. We are operating in Hyderabad, Bengaluru and Chennai locations

Department Overview

Corporate Risk

Risk management at Wells Fargo is organized with clearly defined lines of defense to provide effective risk oversight and decision-making across the organization. Each line of defense is assigned specific responsibilities and understands the associated activities it is expected to perform.
Independent risk management in Corporate Risk is responsible for independent oversight of risk-taking activities. The function is led by the Chief Risk Officer, who reports to the chair of the Risk Committee of the Board of Directors. Strategic enterprise function-aligned leaders in the Corporate Risk organization provide an independent view of horizontal, cross-business risks.

About the Role

This is an exciting opportunity to join a team and function committed to providing Wells Fargo with world-class risk management. The Fiduciary & Investment Risk Oversight ("FIRO") Group is responsible for independently overseeing a broad collection of activities and risk types across the Enterprise. Our environment continues to be one of heightened standards, raised risk consciousness, and regulatory requirements.


The Operational Risk Associate position will support the administration and execution of FIRO's Risk Program. The individual will be responsible for supporting FIRO's risk assessment process and working with various lines of business to develop transparent and supportable oversight processes.
Specific responsibilities include:
• Support senior management in the development, socialization and execution of FIRO's risk assessment process
• Lead efforts to integrate with Enterprise risk programs
• Procedural or analytical expert in one or more risk, product, or business areas
• Develop and implement a support model for managing and aligning data
• Support development and execution of reporting for internal and external stakeholders
• Assist in the governance of team milestones, tasks, activities

Required Qualifications

• 3+ years of experience in one or a combination of the following: finance, risk, or audit
• 3+ years of data collection and reporting experience
• 3+ years of SQL experience

Desired Qualifications

• Experience with Sharepoint Development and administration.
• 3+ years of risk management experience
• Experience with Tableau
• Process design or improvement experience
• Knowledge and understanding of brokerage or asset management
• Ability to interact with all levels of an organization
• Excellent verbal, written, and interpersonal communication skills
• Intermediate Microsoft Office skills
• Strong analytical skills with high attention to detail and accuracy
• Support and utilize quantitative and qualitative methodologies and data produced by team analysts to measure, monitor and report on F&I risk. (e.g. SHRP, Bloomberg, BarraOne, FactSet)

Additional Details:
Work Location: Bangalore
• Shift Timings: 1:30 PM to 10:30 PM

We Value Diversity

At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.

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