Business Risk & Controls Senior Associate
- Wells Fargo
- 8 - 10 years
- Hyderabad
- 3 years ago
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Job Description
ABOSER Background
Application Business Owner Secondary Entitlement Review (ABOSER): Supports CIB lines of business in the Applications Business Owner Secondary Entitlement Review Process. Also responsible in identifying and getting the access removals processed on identified access anomalies.
Responsibilities
- Perform a continuous organizational evaluation of end users of high-risk applications to detect access anomalies.
- Utilizing rules to detect anomalies, log all potential triggered exceptions in a central tracking sheet.
- Review trigger events and determine if access is appropriate.
- Getting the access removals processed on identified access anomalies track in the central tracking sheet.
- Maintain metrics for each application reviewed to include number of employees who have access, lines of businesses who have access, number of trigger events, number of processed removals, and summary of reason why trigger events did not result in removals.
- While reviewing each application, should analyze entitlement definitions to ensure the applied plain business language meets the corporate standard.
- Identified deficiencies should be logged and escalated to the users and their managers for review.
- Ensure end-to-end review process steps are followed through.
- Annually, Team should have completed a review of end users who have access to Trade Execution applications and cross-reference users against Settlement and Money Movement applications. End users who have write access to both Trading and Settlement (and/or) Money Movement applications should be logged in a tracking sheet and reported periodically.
- Act as an SME for the process
- Conduct new hire training and refresher trainings for the team
- Lead the conversations with stakeholders.
- Mentor and guide team members.
- Identify and deliver IDEA Projects
Essential Qualifications
- 8+ years of experience in a banking/ mortgage process
- Good knowledge on Securities, Investment Banking and Foreign Exchange Business
- Should possess excellent reporting and PowerPoint presentation skills.
- University degree in Business or related discipline.
- Knowledge of the operational risk framework and disciplines primarily in the banking industry and its related operations
- Critical thinking and problem-solving skills with attention to detail and accuracy
- Ability to drive projects/initiatives independently
- Excellent reporting skills and advanced Excel knowledge
- Experience in Securities, Investment Baking and FX functions
Job Classification
Industry: Banking, Financial Services, BrokingFunctional Area: Accounts, Finance, Tax, Company Secretary, Audit,
Role Category: Finance/Audit
Role: Finance/Audit
Employement Type: Freshers
Education
Under Graduation: B.B.A / B.M.S in ManagementPost Graduation: Post Graduation Not Required
Contact Details:
Company: Wells FargoLocation(s): Hyderabad
Keyskills: Business services Operational risk Banking Advanced Excel Power point presentation Investment banking Risk management Monitoring Foreign exchange Investment
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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