28 days old
2017-12-222018-01-31

Operational Risk Consultant

London, England W1A 2LQ
  • Job Code
    20866BR-1
About Us

Wells Fargo provides middle market, large corporate and financial institution customers with a range of international solutions, including treasury management, credit, payments, financing, foreign exchange, and trade services. Wells Fargo operates from 42 countries and territories outside of the U.S., including branches in Beijing, Cayman Islands, Dubai International Financial Center (DIFC), Hong Kong, London, Seoul.

Main Function of the Job

In accordance with the Wells Fargo enterprise wide Business Process Risk Management (BPRM) Program, the EMEA Operational Risk Testing & Validation Team (the Testing Team) sits within International Testing & Validation and assesses the adequacy and effectiveness of controls relating to Operational risks.

The EMEA Operational Risk Testing Consultant (the Consultant) will execute end to end testing in accordance with the High Risk Business Process Testing Plan. The role will report to the EMEA Operational Risk Testing & Validation Team Leader.

Responsibilities
  • Engage with key stakeholders within relevant lines of business and Operational Risk team members to effectively plan testing activity, coordinating this with the relevant Engagement Lead.
  • Plan & Perform Operational risk testing activities that independently evaluate the adequacy and effectiveness of critical end-to-end processes and controls relevant to Wells Fargo's businesses based on defined testing plan and methodology.
  • Keep all stakeholders appraised of review progress through formal updates as to fieldwork, potential issues so that issues are not surprises for lines of business.
  • Assist with planning and performing issues and corrective actions validation activities that independently evaluate the adequacy, comprehensiveness and effectiveness of corrective actions taken to remediate issues based on defined methodology.
  • Identify and raise gaps, issues and recommendations for control enhancements and formally agree associated action plans in consultation with the relevant senior management.
  • Formally document testing activity within the working papers in accordance with the methodology.
  • Support writing reports and presentations that clearly articulate the results/conclusions of testing activities.
  • Monitor corrective actions to completion.
  • Work collaboratively with internal stakeholders.
  • Build and maintain the understanding of the operational risk frameworks and the interconnectivity of its key components.
  • Build and maintain an understanding of business operations and regulatory guidance/expectations.
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Operational Risk Consultant

Wells Fargo
London, England W1A 2LQ

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Wells Fargo
London, England
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