Lead Operational Risk Officer - Technology and Information Security
- Wells Fargo
- 5 - 10 years
- Bengaluru
- 2 months ago
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Job Description
Lead Operational Risk Officer - Technology and Information Security Risk ManagementAbout this role:
Wells Fargo is seeking a Lead Operational Risk Officer
In this role, you will:
- Develop, implement, and monitor risk-based programs to identify, assess, and mitigate any operational risk that arises from inadequate or failed internal processes, people, systems, or external events
- Maintain a balance between risk mitigation and operational efficiency
- Evaluate the adequacy and effectiveness of policies, procedures, processes, systems, and internal controls
- Analyze extremely complex business and system changes to determine impact, identify operational risk issues and participate in the development of risk ratings
- Provide operational risk expertise and consulting to complex business units for initiatives with high risk, generally spanning multiple business lines
- Design and develop the most complex testing strategies, methodologies and analyses
- Consult with the business to develop corrective action plans and effectively manage change
- Identify training opportunities
- Design and coordinate the development of training materials and coordinate or deliver training
- Report findings and develop business cases to influence executive management, management committee member or head of business on the need for controls to mitigate risk
- 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:
- 5+ years of Operational Risk experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
- Good experience in risk assessment, control testing/evaluation and issue management on various technology risks, inclusive of but not limited to, information security risk, third party risk, business resiliency and disaster recovery.
- Experience in Operational Risk or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education, Industry recognized certification such as CISA / CRISC / CISSP/CISM.
- Good to have working knowledge of COBIT framework with an emphasis on measuring control effectiveness and risk assessments.
- Advanced Microsoft Office skills.
- Excellent verbal, written and interpersonal communication skills.
- Strong analytical skills with high attention to detail and accuracy.
- Ability to interact with all levels of an organization.
- Ability to present complex material in a digestible, consumable manner to all levels of management.
- Broad knowledge of operational risks including technology risk and the issues faced by financial institutions today.
- Strong knowledge on enterprise risks, i.e. front office and middle office processes/controls would be considered as an added advantage.
- Proven experience with managing technology risk issues.
- Experience developing risk metrics and trending reports.
- Ability to synthesize data from a variety of sources and deliver results quickly.
- Strong organization and detail-oriented skills, with proven ability to manage and prioritize work to meet deadlines despite frequent interruptions.
- Highly proactive, able to work both independently and within a collaborative team oriented environment using sound judgment in decision-making.
- Demonstrated ability to work effectively with virtual and/or geographically dispersed teams.
Job Expectations:
- Conduct independent risk management assessments, evaluations and identify control expectations with primary focus on information technology, information security.
- Identify operational risk issues and assign risk ratings consistent with established policies and standards.
- Evaluate the adequacy and effectiveness of applicable policies, procedures, processes, systems and internal controls.
- Perform testing coverage gap analysis on policy requirements for risk types aligned to various operational and technology processes.
- Develop, implement, and support an effective control testing operating model to provide transparency, accountability, and escalation of control effectiveness.
- Create and document control evaluations, success criteria and executing controls performance testing as a next step to design effectiveness testing.
- Consult with frontline partners and other independent risk management teams to open issues related to control failures.
- Validate/evaluate appropriateness, completeness, effectiveness, and sustainability of corrective actions taken to address situations defined as issues.
- Review for consistency and thoroughness and suggest improvements for better resiliency.
- Proactively monitor control effectiveness through quantifiable risk measurements.
- Provide mentorship and support as a SME to the team around control framework requirements aligned to technology/information security/third party/business resiliency and disaster recovery control implementation.
- Facilitate stakeholder management and communication across various levels of the organization.
- Prepare and present Risk Assessment reports, status updates and related metrics to the concerned TISRM stakeholders.
Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: IT & Information SecurityRole Category: IT SecurityRole: Chief Information Security Officer (CISO)Employement Type: Full timeContact Details:
Company: Wells FargoLocation(s): Bengaluru+ View Contact
Keyskills: Information Security evaluation enterprise risk risk assessment issue management control testing operational risk Risk Management
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Wells Fargo
'Wells Fargo is committed to building an inclusive, sustainable recovery for all through a focus on opening pathways to economic advancement, championing quality, affordable homes, empowering small businesses to thrive, and enabling a just, low-carbon economy.'
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