Institutional Investment Operations Specialist - Governance and Oversight(G&O)

• About I & P
  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

  Governance and Oversight (G&O) is responsible to manage risk and control within Corporate Investment Banking (CIB-Wholesale) group by executing Self Inspection program (SIP), Business Continuity Planning (BCP), weekly production of WFS Operations metric program to support business decisions in references to Audits, regulations, Control assurance.

  About the Role

  You will be required to have Capital Markets experience, will be responsible for executing the Governance and Oversight (G&O) Self Inspection program (SIP), which involves process risk reviews, Control testing and validation, Risk Governance, Incident Management, Risk Issue management, Production of WFS Operations metric program and assisting in contributing to Risk Meeting at Head of International Ops level.

  Responsibilities

• The candidate is expected to conduct Walk through (Process Risk Reviews) sessions for different operations teams with in Corporate Investment Banking(CIB) and socialize the team members in order to maintain a collaborative environment to perform process gap analysis, control testing, Metric Mapping, Identifying Key risk indicators and continuous monitoring.
• Is expected to understand various aspects in Risk and Control Framework, like RCSA, Incident Management, Issue Management, Control Testing and Validation.
• Team member heavily involves in interacting with EMEA business partners in delivering the responsibilities like control testing, Incident Reporting, Risk reviews.
• The successful candidate will be responsible for delivering these work streams.
• For Self-Inspection Program(SIP), the candidate will work closely with EMEA(UK) manager on executing risk assessment of WFS Operations functions.
• For WFS Operations Strategy and Metrics, the candidate will contribute to the KRI/KPI/KCI metric platform for local teams across the organization as part of team strategy.
• Successful candidates will need to build and manage cross-functional, cross-organizational relationships through consistent collaboration.
• The individual will also work with technical and operational partners throughout WFS.

• Essential Qualifications

• Experience in operational risk management, incident management, Issue Management, Control Testing, RCSA is very much essential.
• Candidate is expected understand operational incidents/events(ICT) and should be capable to run throuhg the root causes with business team's assistance. Good Written skills are very much needed.
• Understanding of Control Testing and its attributes and writing the testing script and summarizing, presenting the testing result to senior leadership is essential.
• Experience in Capital Market operations/middle office operations into the trade life cycle of static data, confirmations, settlements, reconciliations and investigations.
• Good amount of working experience in the product classes like FX, equity, fixed income with the functional expertise of brokerage, broker dealer services.
• Moderate experience in Operational risk, specifically identifying and assessing the Key risks, Key Controls, and key risk indicators.
• 6-8 yrs of experience
• English language proficiency. Ability to work nights
• Attention to detail.
• Understanding of the process's flows, process gaps and controls associated with a Capital Market operations/middle office operations.
• Knowledge of BCP and Risk Mgt.
• MS Office skills

• Desired Qualifications

• Understanding Capital Markets and the different product taxonomies within the business segments (FX, Derivatives, Brokerage)
• Knowing Risk function deliverables like Key Risks & Controls and the testing thereof
• Importance and role of MIS

• Preferred Skills:

• Knowledge of the systems: GMI, Intellimatch, Imagine, Broadridge, Calypso
• Good team player
• Working experience in Corporate investment banking in the capacity of operational risk role

Posting End Date:

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.

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