Business Risk-Controls Assoc. Jobs in Bangalore - Wells Fargo

Business Risk-Controls Assoc.
Wells Fargo
0 to 3 Years
Wells Fargo
Last Date 15 Aug 2020
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Wells Fargo - Job Details

Date of posting: 15 Jun 20
Market Job Description
About Enterprise Global Services
Enterprise Global Services (EGS) enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions across Technology, Business Services, Risk Services and Knowledge Services. EGS operates in Hyderabad, Bengaluru and Chennai in India and in Manila, Philippines. Learn more about EGS at our International Careers website.
About The Department
The Third Party Program (TPP) is an operational risk group with a mission to provide strong governance structure, policy framework and program oversight to third party service provider risk across Wells Fargo. The group is focused on preventative, detective and corrective controls to identify, monitor, manage, mitigate and report third party risk.
About Role
The primary role of the this position will be managing evaluating and establishing relationship with Third-party service provider and review third party performancein a day to day basis to ensure the associated third party risks are appropriately mitigated and business objectives are met. An engagement manager is a front-line team member who is accountable for managing a third-party service provider engagement in compliance with this policy
Complete planning activities, including evaluating the business need for the use of a third-party service provider, obtaining the necessary business approvals and engaging Supply Chain Management for contracts.
  • Partner with Line of Business and must follow the lifecycle process of Third Party risk management to ensure third parties is appropriately risk rated.
  • Ensure all required due diligence activities are completed with respect to the third-party service provider and associated risk are identified, assessed, mitigated, monitored, and managed.
  • Engage Wells Fargo Compliance to review and approve residual risk ratings of the Compliance and Regulatory Risk Assessment.
  • Engage Enterprise Information Security to review and complete cybersecurity-related Information Security Evaluations.
  • Monitoring the third-party service provider performance and ensuring it conforms with contractual requirements and service level agreements and meets business expectations.
  • Complete all required risk activities and assessments, including assessment of the quality and sustainability of the third-party service provider's controls relevant to the engagement
  • Thoroughly understand the third-party service provider engagement/relationship, including all products and services, contract and other risks inherent and related risks for each engagement and perform periodic oversight
  • Review the results of required risk assessments to ensure controls are working as intended.
  • The position requires the ability to lead, manage, and follow up on action items for all meetings, ensuring those assigned as owner to complete their milestones on time a timely manner.
  • Communicate, coordinate, collaborate and build partnerships effectively with Stakeholders across different business divisions.
  • Conduct regular business review meetings as required per the Third-Party Service Provider Procedures.
Market Skills and Certifications
  • University degree in Business or related discipline.
  • Strong Operational Risk Domain Experience.
Desired Qualifications
  • Experience in Banking
  • Third Party Risk Management experience is plus point
  • Ability to learn quickly
  • A flexible and nimble approach to work
  • Complete special projects as assigned
  • Self-starter and take pride and ownership of all tasks assigned
  • Excellent verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy
  • Outstanding organizational and time-management skills by working independently and multi-tasking, prioritizing and managing pipeline effectively
  • Exceptional relationship-building and team collaboration skills
  • Microsoft Office package knowledge/experience required

Job Summary

Job Type : Full Time
Job Category : Sales and Marketing
Hiring Process : Face to Face Interview
Who can apply : Freshers and Experienced (0 to 3 Years )

About Wells Fargo

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading global financial services company with $2.0 trillion in assets and offices in over 37 countries. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides asset management, capital raising and advisory, financing, foreign exchange, payments, risk management, and trade finance services to support customers who conduct business in the global economy. At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We also value the viewpoints of our team members and encourage them to be their best. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Learn more at our International Careers website.
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Wells Fargo recruiting Business Risk-Controls Assoc. Experienced(0 to 3 Years) candidates candidates nearby Bangalore.Wells Fargo vacancies for Business Risk-Controls Assoc. is recruited through Written-test, Face to Face Interview etc.
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