Business Risk & Controls Associate
- Wells Fargo
- 5 - 10 years
- Hyderabad
- 5 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 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 Community Reinvestment Act (CRA)
- Responsible for evaluating, monitoring, assessing and/or reviewing programs, processes, claims, documentat6ion 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; providing guidance to lenders and other staff regarding documentation and underwriting requirements; reversing credit decisions where necessary; or evaluating in-process, closed, cancelled and declined credit applications, insurance claims, accounts, files, systems and/or processes to ensure company standards are met.
- 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.
- 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.
- May design and conduct training programs.
- The position also requires the ability to communicate broad themes about the entire portfolio to senior management and other stakeholders.
- 5+ 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
Desired Qualifications
- Experience in Banking/ Mortgage
- Risk Management
Job Classification
Industry: Banking, Financial Services, BrokingFunctional Area: Accounts, Finance, Tax, Company Secretary, Audit, Role Category: OtherRole: OtherEmployement Type: Full timeEducation
Under Graduation: B.B.A / B.M.S in ManagementPost Graduation: Post Graduation Not RequiredContact Details:
Company: Wells FargoLocation(s): Hyderabad
Keyskills: Business services Loans Assurance Mortgage Underwriting Commercial banking Advanced Excel Manager Quality Control Risk management Monitoring
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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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