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Senior Business Risk & Controls Associate @ Wells Fargo

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 Senior Business Risk & Controls Associate

Job Description

About the Role Monitors, measures, evaluates, and reports on the impact of decisions and controls to the relevant business group and enterprise function. Consults and provides guidance to business groups on the development, implementation, and monitoring of moderately complex business-specific programs to identify, assess, and mitigate risk.

Consults and provides support in the interpretation of policy, guidelines, and governance programs as the front line liaison to Independent Risk Management area for moderate to high risk and complexity enterprise risk programs. Provides risk management consulting to support the business in designing and implementing risk mitigation strategies, business processes and controls that mitigate risks and address regulatory requirements. Develops and implements risk monitoring and risk reporting processes and controls. Monitors and reports on its risk concentration, current and emerging risk, and risk appetite. Aggregates, evaluates, reports results and escalates where necessary. Designs and executes control effectiveness assurance programs for Front Line-owned controls. Consults and implements initiatives with moderate to high risk. Internal interface with business regarding risk management of business-specific risk programs. Limited to no external interaction. Does not manage other team members. Responsibilities:

  • Developing and maintaining financial crimes program, procedures and standard documents.
  • Assist in implementation of the controls and providing consultancy when needed
  • Developing Key Risk Indicator & Key Performance Indicator programs for FCRM program
  • Maintain MCR (major compliance requirement) inventory and perform risk assessments while working with business, Legal function, or other partners as necessary.
  • Responsible for preliminary investigative research, root cause analysis and consulting regarding financial crimes transactions, policy violations and/or suspicious situations with moderate to high risk.
  • Reviews and analyzes findings to determine level of risk; drafts corrective action plans and assists in managing change to prevent/mitigate risk.
  • Acts as a liaison with Legal and audit and external reviewers
  • Partners closely with senior leadership and management on day to day activities and initiatives
  • Demonstrate subject matter expertise in one or more of financial crime discipline such as Fraud, Anti-Bribery & corruption

Job Classification

Industry: Banking
Functional Area: Accounts, Finance, Tax, Company Secretary, Audit,
Role Category: Finance/Audit
Role: Finance/Audit
Employement Type: Full time

Education

Under Graduation: Any Graduate in Any Specialization
Post Graduation: Post Graduation Not Required
Doctorate: Doctorate Not Required

Contact Details:

Company: Wells Fargo
Location(s): Hyderabad

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Keyskills:   Assurance Automation Finance Consulting Management consulting Subject matter expertise Risk management Analytics Monitoring Auditing

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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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