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Business Risk & Controls Lead

Employer
Wells Fargo
Location
Bangalore, Karnataka, India
Salary
Competitive Salary
Closing date
Dec 1, 2020

View more

Job Role
Risk Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Job Description :

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

About Wells Fargo India


Wells Fargo India 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

Wells Fargo Financial Crimes Risk Management - Periodic Review Team within the Risk Organization. Responsible for a team within a financial crimes program that ensures proactive identification, prevention execution, detection and recovery. Resolves escalated issues; communicates with customers, vendors, other departments and financial crimes management. Responsible for queue distribution management, ongoing production and workflow improvement efforts. Plans and manages a wide range of analytical and investigative activities.

About the Role

This position will be working with the Wells Fargo Financial Crimes Risk Management- Periodic Review Team within the Risk Organization.

Responsibilities



  • Responsible for a team within a financial crimes program that ensures proactive identification, prevention execution, detection and recovery. Resolves escalated issues; communicates with customers, vendors, other departments and financial crimes management.

  • Responsible for leading a team of Financial Crime Analysts & Specialists that is responsible for conducting On boarding reviews on Know Your Customer (KYC) Onboarding activity, Periodic Review Refresh and other financial crimes related activities and processes to ensure compliance with both the USA Patriot Act as well as Wells Fargo Corporate AML/BSA policy requirements.

  • Ensures compliance with regulatory requirements such as Bank Secrecy Act, USA PATRIOT Act, FACTA, etc. May participate in department projects.

  • Establishes performance standards, evaluates performance, develops training materials and trains/coaches staff.

  • Business Risk & Controls Lead tasks include, but not limited to:

  • Manage work assignment for Financial Crimes Associates & Analysts and provide periodic status updates to Financial Crime Manager & Stateside partner.

  • Perform review activities that will provide reasonable assurance that controls are designed and operating effectively.

  • Ensure all review results are stored in standard formats.

  • Raise issues to management to ensure Corrective Actions can be created.

  • Participates in and provides compliance support for projects and initiatives with low to high risk to identify, assess and mitigate BSA/AML risk in business activities.

  • Assist as needed with examinations and/or audits.


Essential Qualifications


  • 8+years of people management experience in operational risk management processes and/or compliance and / or audit and / or regulatory programs with KYC Duties.

  • Knowledge of BSA/AML programs including all aspects of KYC and / or other related risk and regulatory disciplines

  • Proven ability to collaborate with all levels of management and functional groups

  • Demonstrated organizational and time management skills with the ability to manage multiple responsibilities and tasks simultaneously.

  • Thorough understanding of CIP/CDD/EDD requirements.

  • Ability to be objective and capable of independent challenge.

  • Strong analytical, presentation and critical reasoning skills.

  • Ability to quickly gain understanding of internal controls of previously unfamiliar areas.

  • Strong negotiation skills, including the ability to negotiate with numerous parties and reach agreeable solutions.

  • Proficiency in Office Suite (Excel, Word, PowerPoint, Outlook) and SharePoint

  • Bachelor's degree in business, finance or economics.


Market Skills and Certifications

Desired Qualifications

Knowledge and a broad background in Wholesale Banking. On-boarding KYC, Periodic Review or Financial Crimes Investigations experience strongly preferred.
Experience in Operational risk management processes and/or compliance and / or audit and / or regulatory programs with KYC Duties.
AML/Sanctions Credential, ACAMS, CFE or CRCM designation. Exposure to regulatory controls in a financial services environment.
As a Team Member manager, you are expected to achieve success by leading yourself, your team, and the business. Specifically you will:
Lead your team with integrity and create an environment where your team members feel included, valued, and supported to do work that energizes them.
Accomplish management responsibilities which include sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks.

Leadership Expectations at Wells Fargo

As a Team Member manager, you are expected to achieve success by leading yourself, your team, and the business. Specifically you will:
Lead your team with integrity and create an environment where your team members feel included, valued, and supported to do work that energizes them.
Accomplish management responsibilities which include sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks.

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.

Business Risk & Controls Lead

Skills: Risk Management

Experience: 8.00-11.00 Years

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