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
Department Overview
Global Delivery Control Assurance (GDCA) team is the front line control assurance team for WFIP Commercial Banking and Corporate & Investment Banking (CB & CIB) line of business providing control assurance to the Global Delivery Activities (GDA) in Global Capability Centre (GCC) and Third Party Delivery Centre (TDC). This team is part of CB & CIB Control team.
About The Role
Business Risk & Control Associate is expected to work independently and support functionally to meet the targets and goals of GDCA team. The job involves interacting with the GDA managers, onshore partners to understand and analyze the processes, identify risks and controls in the processes, evaluate the controls, prepare and publish reports to stakeholders in both Wells Fargo India & Philippines and Onshore. Candidate is expected to have good stake holder management skills, strong communication skills and project management skills. Should have sound understanding of risk management principles. Be a subject matter expert with respect to the portfolios allocated and should be a team player. Should be able to manage multiple tasks under pressure.
Responsibilities
- Candidates with at least 4+ years of experience in either of Operational risk; Business Risk & Control; Third Party Risk Management
- Responsible for implementing and monitoring control assurance program as per the GDCA framework
- Conduct periodic risk connects with Front Line Managers'/Managers/Head of the department of GDA
- Perform transition risk assessment to assess the risks associated with the processes being transitioned to GDA locations
- Conduct periodic risk reviews for steady state processes through various risk programs viz., WRAR, Risk Assurance program, or any other programs as appropriate to identify and assess the emerging or residual risk and provide insights to Commercial Banking & CIB GDA on current, residual and emerging risk exposure emanating from the processes
- Conduct periodic Council meetings to discuss concerns/ issues in GDA that require management attention and ensure transparency in reporting
- Manage stakeholders at various levels of hierarchy within WFIP and Onshore. Relationship building being a key attribute.
Market Skills and Certifications
- Monitor, track and perform root cause analysis on incidents related to operational internal financial loss, data privacy and near misses within Commercial Banking & CIB GDA
- Assess and mitigate any operational risk that arises from inadequate or failed internal processes, people, systems or external events, while maintaining a balance between risk mitigation and operational efficiency
- Works with assigned business units and provides operational risk expertise and consulting for projects and initiatives with moderate to high risk.
- Exhibit credible challenge and evaluate the adequacy and effectiveness of policies, procedures, processes and internal controls while maintaining professional independence throughout the engagement
- Taking information from various formats, compiling the information and placing it into the system of record
- Should be able to drive various projects and engagements independently
Essential Qualifications
- University degree in Business, Finance or related discipline
- Strong Operational risk domain knowledge/experience
- Good presentation skills
- Sound knowledge of MS Office especially Excel and PowerPoint
- Experience in project management
Desired Qualifications
- Experience in Wholesale Banking
- Certification in Risk Management such as ORM/FRM/CISA
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.
Reference Number
52223BR