Business Execution Consultant

Wells Fargo is seeking a Business Execution Consultant.

In this role, you will:

• Participate in a variety of assigned and ongoing business operations to ensure success in meeting business goals and objectives
• Identify opportunities for process improvement by conducting root cause testing of all compliance and business metrics
• 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.
• Utilize independent judgment to guide moderate risk deliverables.
• Present recommendations to develop, implement, and monitor strategic approaches, effectiveness of support function, and business performance improvement opportunities for managing risks of the business.
• Exercise independent judgment and provide guidance in diverse support functions and operations for a single business group within a line of business.
• Collaborate and consult with leaders and executive management.
• Provide work direction to less experienced Strategy and Execution staff.
• To initiate applicable risk assessments like Information security, Business Continuity Plan, Third Party Hosting Solution, Third Party Assurance Attestation, Vendor Viability Assessment, Background check, The Office of Foreign Assets Control and exit strategy etc.
• Responsible for managing /Monitoring Low, Moderate and High Inherent Risk vendors though their lifecycle while engaging with Wells Fargo throughout the life cycle starting from Onboarding, Due Diligence, Continuous Monitoring and Termination of Third party as per Wells Fargo Third Party Risk Management policy and procedures.

Required Qualifications:

• 2+ 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:

• Strong experience in Risk management or in Audit or in RCSA
• 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:

• 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.