Business Accountability Specialist

• About Wells Fargo India

  Wells Fargo India & Philippines (I&P) 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. WFIP operates in Hyderabad, Bengaluru and Chennai in India and in Manila, Philippines. Learn more about WFIP at our International Careers website. About the Role

  Central Cross Border travel monitoring team is responsible for monitoring of identified controls as part of Cross Border Activities Procedures and monitoring of client and non-client facing travel and Permanent Establishment risk for Well Fargo businesses. For this role, we are looking for a candidate with good understanding of CIB and CB Businesses experienced in Control execution, monitoring, and reporting.

  Responsibilities

• Individual contributor role focusing on monitoring Cross Border Travel Review & Permanent Establishment (firmwide) risk related controls for businesses.
• Educate travelers on requirements with respect to international travel process.
• Implement an engagement model between the team and control stakeholders to manage control intake, execution, and reporting.
• Responsible for the development and review of operating model, procedures, guidance, and processes relating to control activities. Undertake periodic reviews to identify opportunities for enhancements, and drive efficiencies.
• Engage and work with multiple stakeholders - Front Line, LOB aligned COOs & Business Control Management, Compliance, Audit, Corporate Tax and Technology. for oversight / challenge to the control design and operational effectiveness.
• Monitor ongoing effectiveness (from design through to execution) of COO owned control frameworks, proactively driving continuous improvement to the control environment.
• Deliver monthly Management Information pack for governance committees and forums, as required. Identify opportunities to refine and build out the MI suite to ensure information is presented to key stakeholders with appropriate context to support data-led decision making.
• Develop, review, and enhance key performance indicators for control activities to ensure they continue to accurately reflect control activity and that insights from the metrics are used to drive process improvement.
• Validate & track action plans, escalate issues as required and document the control artifacts and findings.
• Timely completion of all activities and documentation.

• Essential Qualifications

• Overall experience of 6+ years with 3+ years of relevant experience in Investment Banking industry and/or Risk & Control domains covering Compliance Reporting, Risk Management etc.
• Strong analytical skills with high attention to detail and accuracy.
• Excellent interpersonal communication skills.
• Demonstrate positive attitude and readiness to work in a challenging and dynamic environment.

• Desired Qualifications

• Bachelor's degree or higher. Relevant certifications will be an advantage.
• Working knowledge of the Risk Management Framework (RMF) concepts and policies across risk types and quantify risk (financial impact to organization, risk exposure levels).
• Project management, data management, advanced reportingand tracking/analytical skills will be advantage.
• Experience in advanced excel is a must and reporting tools (Tableau or BI/automation) will be an advantage.
• General knowledge of industry standards and best practices around Risk & control evaluations, Compliance, and risk management processes

Posting End Date:

*Job posting may come down early due to volume of applicants.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.

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