Business Execution Consultant- Third Party Risk management
- Employer
- Confidential
- Location
- Chennai Chennai Tamil Nadu, Tamil Nadu, India
- Salary
- Competitive Salary
- Closing date
- Aug 10, 2024
View moreView less
- Job Role
- Risk Manager
- Sector
- Finance
- Contract Type
- Permanent
- Hours
- Full Time
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About this role:
Wells Fargo is seeking a Business Execution Consultant.
In this role, you will:
Required Qualifications:
Desired Qualifications:
Job Expectations:
Posting End Date:
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, status as a protected veteran, or any other legally protected characteristic.
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.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit.
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our to learn more.
Wells Fargo Recruitment and Hiring Requirements:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
Skills: Risk Management, Microsoft Word, Regulatory Compliance, RCSA, Operational Risk, Information Security, Microsoft Excel, Business Continuity, Microsoft Powerpoint, Audit, Communication Skills, Data Privacy, financial crime
Experience: 2.00-10.00 Years
Wells Fargo is seeking a Business Execution Consultant.
In this role, you will:
- Understanding and analyze the need for a Third Party and the Risks that it could come with during the process of engagement
- In-depth knowledge of Third-Party Due Diligence process of Identifying, assessing, and mitigating third party risks during and after entering contracts during onboarding, ongoing monitoring, and termination processes
- In depth understanding on different type of Services and engagements with the third Party Service provider
- Gathering information from business on the service, evaluating them, finalizing compliance and risk evaluations, and updating them in the tool as a part of Due diligence activities
- Follow up with the Risk Partners and provide adequate responses incase of any questions / queries about the provided responses - Collaborate with Lines of Business and other required stakeholders
- Serving as a Subject Matter Expert (SME) to identify and address key third party related risks and areas of concerns associated with new and existing third-party relationships.
- Ability to translate the Risk Entities to the Line of business and address the requirements and concerns
- Determine areas of strength or Business Execution opportunity within defined scope of work
- Review and research strategies and action plans 7to establish effective processes while meeting performance metrics and policy expectations.
- Present recommendations to develop, implement and monitor strategic approaches, effectiveness of support function, and business performance improvement opportunities for managing risks of the business.
- Ability to challenge Lines of Business if needed during the process of Risk evaluation and also provide interim/ adequate communication wherever needed
- Develop expertise in the Enterprise Third Party Risk Management policies
Required Qualifications:
- 2+ years of Business Execution, Implementation, or Strategic Planning, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
- A total of 7-10 years of overall experience with a minimum of 4-6 years of experience in Risk management or in Audit or in RCSA
- Experience in one or more risk disciplines like Information Security, Business Continuity, Data Privacy, operational risk, financial crime, or regulatory compliance is an advantage
- Preferred experience in understanding Risk Management
- Proficiency in Microsoft (Excel, PowerPoint, Word)
- Excellent communication skills in English, both oral and written, with the ability to articulate issues to management
Job Expectations:
- Understanding and analyze the need for a Third Party and the Risks that it could come with during the process of engagement
- In-depth knowledge of Third-Party Due Diligence process of Identifying, assessing, and mitigating third party risks during and after entering contracts during onboarding, ongoing monitoring, and termination processes
- In depth understanding on different type of Servicesand engagements with the third Party Service provider
- Gathering information from business on the service, evaluating them, finalizing compliance and risk evaluations, and updating them in the tool as a part of Due diligence activities
- Follow up with the Risk Partners and provide adequate responses incase of any questions / queries about the provided responses - Collaborate with Lines of Business and other required stakeholders
- Serving as a Subject Matter Expert (SME) to identify and address key third party related risks and areas of concerns associated with new and existing third-party relationships.
- Ability to translate the Risk Entities to the Line of business and address the requirements and concerns
- Determine areas of strength or Business Execution opportunity within defined scope of work
- Review and research strategies and action plans 7to establish effective processes while meeting performance metrics and policy expectations.
- Present recommendations to develop, implement and monitor strategic approaches, effectiveness of support function, and business performance improvement opportunities for managing risks of the business.
- Ability to challenge Lines of Business if needed during the process of Risk evaluation and also provide interim/ adequate communication wherever needed
- Develop expertise in the Enterprise Third Party Risk Management policies
Posting End Date:
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, status as a protected veteran, or any other legally protected characteristic.
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.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit.
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our to learn more.
Wells Fargo Recruitment and Hiring Requirements:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
Skills: Risk Management, Microsoft Word, Regulatory Compliance, RCSA, Operational Risk, Information Security, Microsoft Excel, Business Continuity, Microsoft Powerpoint, Audit, Communication Skills, Data Privacy, financial crime
Experience: 2.00-10.00 Years
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