Department Overview
Commercial Banking is accountable for holistically assessing, aggregating, and effectively managing risks across all risk types and CB lines of business. It has three main programs: Business Control, Risk Control, and Cross-Functional Control.
About the Role
The Business Execution Associate will participate in the testing, monitoring and quality assurance of work performed by CB & CIB Businesses and by CBFCRC supporting risk roles. Tasks include, but not limited to:
Responsibilities
Candidates should focus on building strong risk mitigating and compliance driven culture. They are accountable for execution of all applicable risk programs, 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. These include and not limited to:
Support performance and overall effectiveness of team, as well as cross-group complex quality assurance and assess problems and issues to ensure activities follow the necessary internal and external regulatory and risk management practices.
Provide feedback and present ideas for improving or implementing processes and tools.
Perform or guide others on complex development of new concepts, techniques and standards that require planning, evaluation, and interpretation.
Independently prioritize work and provide day-to-day-work leadership and mentorship to team.
Lead or contribute to reviews including analysis and trending of findings, proposed recommendations for change to impact future quality, test development and reporting on results.
Provide guidance and subject matter expertise to immediate team and function.
Receives feedback openly from others post implementation of learning experiences.
Adapts to change within the organization with guidance from others.
Willingly shares knowledge and information on his/her work area.
Exhibits enthusiasm towards team initiatives.
Perform Quality assurance on special projects and remediation activities
Thorough understanding of the upstream and downstream processes
Will serve as a single point of contact for the dedicated program & will keep track of the BAU and assist less trained staff on process queries
Will perform reviews as a SME/ Internal PoC for escalated cases
Conduct trainings for new joiners – India and US teams
Works closely with the consultants to identify process gaps and ways to solution
Essential Qualifications
- Bachelor’s degree in business, finance or economics.
- Experience of more than 6+ years
- Knowledge in Risk management
- Strong analytical skills
- Fluency in English (written and verbal)
Desired Qualifications
- Strong analytical skills with high attention to detail and accuracy
- Excellent verbal, written and interpersonal communication skills
- Ability to translate and summarize complex issues into understandable information
- Experience preparing reporting, metrics and presentation materials for various levels of leadership.
Posting End Date:
30 Mar 2025*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.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment and Hiring Requirements:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
