Business Execution Associate

3 weeks ago

Hyderabad Telangana, India Wells Fargo Full time

Job Description
**About this role**:
Wells Fargo is seeking a Business Execution Associate. As part of the role, the individual will be tasked with helping to ensure that the Bank remains in compliance with its Third-Party Risk Management standards and policies.

**In this role, you will**:

- Lead support functions or operations for multiple business groups and contribute to large scale strategic initiatives
- Ensure efficiency, quality, cost effectiveness of solutions, and pipeline management relating to assigned operations
- Research moderately complex business, operational, and strategic initiatives that require analytical skills, basic knowledge of organizational strategy and Business Execution, and understanding of international business
- Work independently to make recommendations for support function by providing support and leadership
- Assist in the planning and execution of a variety of programs and initiatives that may include risk mitigation, efficiency, and customer experience
- Collaborate and consult with team leaders in developing project plans, policies and procedures
- Provide leadership in management of relationships and implementation of programs, services, and initiatives with cross functional business partners
- Understanding and analyze the need for a Third Party and the Risks that it could come with during the process of engagement.
- In-depth knowledge of Third-Party Due Diligence process of Identifying, assessing, and mitigating third party risks during and after entering contracts during onboarding, ongoing monitoring, and termination processes
- In depth understanding on different type of Services and engagements with the third-Party Service provider
- Gathering information from business on the service, evaluating them, finalizing compliance and risk evaluations, and updating them in the tool as a part of Due diligence activities
- Follow up with the Risk Partners and provide adequate responses in case of any questions / queries about the provided responses - Collaborate with Lines of Business and other required stakeholders.
- Serving as a Subject Matter Expert (SME) to identify and address key third party related risks and areas of concerns associated with new and existing third-party relationships.
- Ability to translate the Risk Entities to the Line of business and address the requirements and concerns.
- Determine areas of strength or Business Execution opportunity within defined scope of work
- Review and research strategies and action plans to establish effective processes while meeting performance metrics and policy expectations.
- Present recommendations to develop, implement and monitor strategic approaches, effectiveness of support function, and business performance improvement opportunities for managing risks of the business.
- Ability to challenge Lines of Business if needed during the process of Risk evaluation and also provide interim/ adequate communication wherever needed.
- Develop expertise in the Enterprise Third Party Risk Management policies.

**Required Qualifications**:

- 4+ years of Business Execution, Implementation, or Strategic Planning experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

**Desired Qualifications**:

- A total of 5-7 years of overall experience with a minimum of 2-4 years of experience in Risk management
- Experience in one or more risk disciplines like Information Security, Business Continuity, Data Privacy, operational risk, financial crime, or regulatory compliance is an advantage.
- Preferred experience in understanding Risk Management.
- Proficiency in Microsoft (Excel, PowerPoint, Word).
- Excellent communication skills in English, both oral and written, with the ability to articulate issues to management.

**Job Expectations**:

- Third Party Risk Management experience preferred.

**Posting End Date**:
4 Jun 2024

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

**We Value Diversity**

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.

**Applicants with Disabilities**

**Drug and Alcohol Policy**

Wells Fargo maintains a dru

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