Business Risk & Controls Analyst
- Wells Fargo
- 3 - 6 years
- Hyderabad
- 3 years ago
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Job Description
Community Reinvestment Act (CRA) Background:In order to evaluate Wells Fargo s performance under the law, regulators require the bank to provide an annual report comprised of its Small Loans to Businesses and Farms (SLBF) loan/line record originations. This information is subsequently available to the general public. To accomplish this, data for all SLBF must be accurately collected, maintained, and submitted to the federal government each year. Responsibilities
- This position requires an understanding of the banking domain and functionality. Knowledge of Community Reinvestment Act (CRA) would be an added advantage
- Responsible for evaluating, monitoring, assessing and/or reviewing programs, processes, claims, documentation and/or files to ensure compliance with internal company requirements and/or agency or government regulations.
- Functions may include evaluating processes to ensure business standards are followed
- Ensures corrective action on exceptions and problems identified, required data is input and proper procedures are followed.
- Ensures identified risks and/or problems are clearly documented and interacts with appropriate parties for timely resolution.
- Attention to details and analytical skills for performing the activity
- Performs ongoing reviews and generates reports summarizing results. Identifies risks and problem areas and recommends standards, policies, and procedures to correct deficiencies and improve performance.
- The position also requires the ability to communicate broad themes about the entire portfolio to senior management and other stakeholders.
- 3+ years of experience in a banking/ mortgage process
- University degree in Business or related discipline.
- Excellent verbal and written communication skills.
- Strong Quality control and assurance experience coupled with good Risk knowledge
- Excellent reporting skills and advanced Excel knowledge
- Experience in Banking/ Mortgage
- Experience in Risk Management
Job Classification
Industry: Banking, Financial Services, BrokingFunctional Area: Accounts, Finance, Tax, Company Secretary, Audit,
Role Category: Finance/Audit
Role: Finance/Audit
Employement Type: Full time
Education
Under Graduation: B.B.A / B.M.S in ManagementPost Graduation: Post Graduation Not Required
Contact Details:
Company: Wells FargoLocation(s): Hyderabad
Keyskills: Loans Automation Assurance Claims Mortgage Commercial banking Manager Quality Control Risk management Analytics Monitoring
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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