Job Description

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading global financial services company with $2.0 trillion in assets and offices in over 25 countries. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides asset management, capital raising and advisory, financing, foreign exchange, payments, risk management, and trade finance services to support customers who conduct business in the global economy. At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We also value the viewpoints of our team members and encourage them to be their best. 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. Learn more at our International Careers website .

About Wells Fargo in India & Philippines

Wells Fargo in India & Philippines 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, Chennai & Manila locations.

About this role:

Wells Fargo is seeking a Vice President Risk & Governance

• Wells Fargo wishes to onboard a leader to ensure smooth and effective implementation of WFIP risk and governance initiatives across business groups and enterprise functions.
• This is a newly created role with the purpose to conceptualize and ensure emulation of global best practices for the WFIP risk and governance framework.
• S/he will enable the balance between risk and reward with an aim to meet the required business KPIs.
• This is a strategic hire for the organization as it embarks upon an exciting phase of evolution and growth. The purpose is to onboard someone who can develop and lead the risk function at group level while working with the team to set the pace for the organization's future.
• The incumbent will manage the risk framework structure, and regulatory strategy, responsible for proactive governance and management to identify, evaluate, mitigate and monitor the company's operational and process risk.

S/he will ensure that operating rigor, speed and Risk Excellence are delivered without compromising growth

Risk Strategy

• Establish a robust ERM framework for the organization (guided by its vision, mission, philosophy, objectives and policies), including risk policies, metrics, reporting and monitoring, and ensure alignment with the Corporate Strategy.
• Ensure that the Risk Management Framework facilitates continuous improvement of the organization's capabilities for management of top priority risks. Support leadership in ensuring that risks are mitigated to the desired level.
• Develop risk maps and formulate strategic action plans to help minimize, manage, and mitigate primary risks and then monitor the progress of these efforts.
• Design and implement methods for avoiding potential threats using available risk metric software and knowledge of the industry.
• Responsible to mitigate three main types of risks - financial, operational and technological risk.
• Ensure Implementation of the I&P governance across the business groups and enterprise functions as defined.

Risk analysis and assessment

• Measure the organization's risk appetite and set thresholds that the organization is able and willing to take on.
• Recognize the potential threats to the stability of the organization.
• Coordinate programs designed to minimize / anticipate potential threats; Ensure timely AU Risk assessment with controls team
• Prepare and maintain internal and external data gathering for risk analysis and reporting.
• Generate reports, as defined and share with concerned stakeholders.

Strengthen Governance and Control

• Lead improvements and design of innovative industry-wide compliance, governance and control practices across WFIP
• Assess and understand corporate governance involving external risk. Stay abreast of current events and the regulatory environment
• Implement governance, risk and compliance processes to continuously monitor information security controls, exceptions, risks, testing etc.
• Schedules regular assessments and testing of effectiveness and efficiency of controls and create governance reports.
• Finalize and complete the I&P governance related corrective actions as per the SHRP issue.

Stakeholder and Team Management

• Partner with Audit, Compliance, Risk, Finance, Legal and other functions to continuously identify and address areas requiring attention
• Present recommendations to Executive Leadership group detailing the benefits and associated risks.
• Ensure communication of plan with Business stakeholders to gain their commitment and buy in, as needed
• Provide guidance, support and coaching to executives to use best practices and help instill change in their teams, as well as directly supporting project teams during the change transition period
• Promote experimentation and learning and embed it in execution as well as company culture with training efforts, as needed
• Build relations with various key external and internal stakeholders, across levels and functions.
• Maintain a strong active network with relationships with all relevant government and regulatory organizations.

Professional Experience & Qualifications

This is a newly created role and an extremely critical appointment. The role holder will be a dynamic risk leader as the custodian of the organization's health. S/he should therefore bring:

• 15-20+ years of experience in Risk & Control, Audit, etc. with a stint in a financial services industry, preferably from a similar ecosystem.
• Proficient with risk management, auditing techniques, and accounting standards and principles. Experience of setting up the function (from start-up to scale) will be an added advantage.
• Ability to develop and execute risk assessment and strategy for a business that is experiencing high growth.
• Awareness of industry wide best-in-class practices in risk function.
• Preference will be given to strong and hands-on risk leader.
• Self-motivated & result oriented with ability to critically attack current business processes and challenge the status quo.
• Ability to observe business, understand pain-points and break-through legacy systems and processes. Recommend innovative & transformation solutions with strong ROI.

Management & leadership capabilities :

• Strong stakeholder relationship management skills - ability to influence and manage expectations of senior executives while ensuring deliverables.
• Maturity to build relationships across the organization; Comfort with a matrixed environment.
• Stays on top of local and global trends and has a knack for identifying opportunities for automation.
• Excellent verbal & written communication skills, good presentation skills and excellent negotiation skills.
• Team worker, proven leader and manager, able to generate trust and inspire teams.
• Good staff skills - able to coach and mentor staff.
• Hands-on leader, ability to roll up sleeves to get things done.

Education

• Graduation degree from a reputed institute; Post-graduation (MBA or similar) will be preferred.
• Relevant professional qualifications or accreditation in relevant methods.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

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.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.