Business Risk & Controls Associate
- Wells Fargo
- 2 - 6 years
- Bengaluru
- 5 years ago
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Job Description
About the Role
The role requires a strong demonstration on technical, functional, and job-specific knowledge required. Accurately process high volumes of work, within established deadlines. Examines and delivers as per the required quality, following the laid down procedures and under guidance. Constructively challenge the usual approach to doing things, and find new and better ways to do the job
Responsibilities
- The Operational risk consultant will support wholesale lines of business in Reporting, Data mining and Analysis. The Key responsibilities are:
Build a high-performing reporting capability serving the Wholesale lines of business (LOB)
- Reviewing, enriching and reporting the newly created Operational Losses over 10K, Internal Losses over 500K and External Losses over 5mm, Near Misses, Quality Assurance Report, LoB Monthly & Quarterly Loss Reports, OCC/FRB, Issues Management to the Risk Officers, LOBs, Payment Risks and many others to drive real-life enhancements in the way of managing risk
- Meet FRB/OCC regulatory requirements by providing a comprehensive view of operational losses for Wholesale businesses and also provides a Business summary review to Wholesale Risk Leadership team facilitating discussion on the operational losses, root causes, emerging trends and remediation efforts
- Broaden the scope of monitoring and reporting key metrics on Operational Risk frame across Wholesale Line Of Business and also to include risk types not previously scoped into the operational risk governance structure
- Develop metrics to provide insight into trends and an early warning of potential changes to the risk profile, as well as key process indicators and key control indicators to monitor performance of processes and controls
- Build 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
- Proactively identify, communicate, mitigate and escalate risk originating from non-compliance of processes, operational errors, and data integrity issues in all applicable processes
- Actively manage risk throughout the change management lifecycle as it relates to executing Efficiency & Effectiveness (E&E) initiative
- Accountable for execution of risk programs (Technology, Financial Crimes, Operational Risk, Information Security, Regulatory Compliance), which includes effectively following, and adhering to and if 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
- 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
- Adherence to agreed project timelines within and across the teams and ensure timely reporting of any differences and address all project/assignment related queries/escalations
Essential Qualifications
- University degree in Business or related discipline
- 3 to 7 years of experience in one or a combination of the following
- Key Risk Indicators (KRI) administration, reporting and analysis
- Quality assurance design and execution across all programs
- Operational loss analysis and reporting
- Enhance and maintain desktop procedures
- Credible challenge reporting and analysis for observations and recommendations
Project Management
- Data Analytics and Insights
Desired Qualifications
- Demonstrate technical, functional, and job-specific knowledge required
- Constructively challenge the usual approach to doing things, and find new and better ways to do the job
- Excellent communication and relationship/partnership building skills
- Demonstrate a curiosity toward learning
- Consistently meet or exceed commitments
- Maintain high standards of performance
- Go above and beyond what needs to be done without being told
- Communicate clearly and concisely
Essential Qualifications
- University degree in Business or related discipline
- 3 to 7 years of experience in one or a combination of the following
- Key Risk Indicators (KRI) administration, reporting and analysis
- Quality assurance design and execution across all programs
- Operational loss analysis and reporting
- Enhance and maintain desktop procedures
- Credible challenge reporting and analysis for observations and recommendations
- Project Management
- Data Analytics and Insights
Desired Qualifications
- Demonstrate technical, functional, and job-specific knowledge required
- Constructively challenge the usual approach to doing things, and find new and better ways to do the job
- Excellent communication and relationship/partnership building skills
- Demonstrate a curiosity toward learning
- Consistently meet or exceed commitments
- Maintain high standards of performance
- Go above and beyond what needs to be done without being told
- Communicate clearly and concisely
Job Classification
Industry: Banking, Financial Services, BrokingFunctional Area: Accounts, Finance, Tax, Company Secretary, Audit, Role Category: Finance/AuditRole: Finance/AuditEmployement Type: Full timeEducation
Under Graduation: Any Graduate in Any SpecializationPost Graduation: Post Graduation Not RequiredContact Details:
Company: Wells FargoLocation(s): Bengaluru
Keyskills: Process audit Automation Operational risk Risk control Senior Executive Process excellence Risk management Analytics Wholesale Technology operations
Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community- based financial services company with $1. 9 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more ...
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