Wells Fargo Business Execution Consultant- Third Party Risk management 

India, Tamil Nadu, Chennai 

809750098

In this role, you will:

• 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 incase 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 7to 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:

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

Desired Qualifications:

• A total of 7-10 years of overall experience with a minimum of 4-6 years of 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 incase 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 7to 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

Wells Fargo Recruitment and Hiring Requirements:

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.