Business Execution Consultant - BFS

As discussed, PFB JD for the role of Business Execution Consultant with Wells Fargo Hyderabad/ Chennai.

About the Role -

This position will report into the Finance Operational Risk & Compliance Leader. This role is responsible for leading implementations across all risk types of corporate policies and procedures. The Business Execution Consultant is responsible for effectively managing the day-to-day operational risk and compliance requirements of the corporate policies and procedures and regulatory requirements. The individual will partner with US leads to implement the various Operational Risk & Compliance Programs such as Resiliency, Third-Party, Privacy & Data Management Risk, Information Security, and Operational Risk Events (ORE). This role may expand to other risk-based activities over time.

Responsibilities -

- Responsible for implementing and monitoring risk-based programs to identify, assess and mitigate any operational risk that arises from inadequate or failed internal processes, people, systems or external events, while maintaining a balance between risk mitigation and operational efficiency.

- Support the function in various capacities in activities such as, but not limited to, Resiliency, Third-Party, Privacy & Data Management Risk, Information Security, Audit responses and other requirements that may arise from Enterprise programs & local regulations.

- Gap assessment against policy requirements, develop action plans and create SHRP issues for implementation action plans as needed, file extensions and exceptions for the policy as needed

- Develop and update procedures based on new policy requirements

- Develop metrics for risk measurement based on their respective policy/program requirements

- Support execution of implementation action plan

- Perform risk and control identification and assessments, testing, monitoring and assurance activities as needed.

- Develop artifacts like training, strategic plans, issue summary and other analysis documents required by the policy

- Identify, assess, and aggregate current and emerging Compliance, Reputational & Operational risks for Enterprise Finance and escalate following established escalation protocols

- Support regulatory relations & audit coordination for Finance to ensure a proactive, strategic, coordinated, comprehensive, and consistent approach to those interactions as outlined in the Risk Management Framework.

Under Market Skills and Certifications:

Essential Qualifications

- University degree in Business or related discipline.

- Experience of more than 8 years in one or combination of any of the following:

5+ years of experience in Regulatory Compliance, Policy Management

5+ years of experience in Operational Risk Management

- Knowledge of the Operational Risk Framework and disciplines primarily in the Banking industry and its related operations.

- Critical thinking with high attention to detail and accuracy

- Fluency in English. Excellent verbal, written, and interpersonal communication skills.

- Experience with developing and creating documentation for support and training activities

- Ability to work with and communicate with all levels of the organization

- Proficiency with MS office (MS Word, Excel, PowerPoint).

- Self-starter and able to work independently

Desired Qualifications

- Experience working across one or more geographic territories or regions

- Certification in Operational Risk Management