1+ months
2017-11-302018-02-16

Operational Risk Consultant

Chennai, TN 600006
  • Job Code
    22250BR-1

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,500 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 273,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortunes 2017 rankings of Americas largest corporations. Wells Fargos vision is to satisfy our customers financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Job Description:

The Community Banking Review Standards (CBRS) team partners and collaborates with Community Banking businesses in executing testing and validation activities to opine on a broad spectrum of risks including:

  • Consumer Protection
  • Bank Secrecy Act/Anti-Money Laundering
  • Regulatory Compliance Risk
  • Operational Risk
  • Information Security Risk
  • Conduct Risk
  • Internal Policy

EGS team members focused on QA will assist with the design and execution of a quality assurance and practices program.

Key responsibilities include (but are not limited to):
  • Executing a quality assurance program to evaluate the adequacy and effectiveness of CBRS review work.
  • Production of periodic compliance performance reports for CBRS leadership, including trend analysis and recommendations.
  • Ongoing implementation and monitoring of a risk-based compliance program.
  • Participating in and providing compliance consulting and support for projects and initiatives with moderate risk to identify and mitigate regulatory risk in business activities.
  • Evaluating the adequacy and effectiveness of policies, procedures, processes, initiatives, products and internal controls.
  • Drafting a summary of findings, corrective action plans and recommendations to ensure operational and regulatory compliance.
  • Assisting in the development and implementation of compliance and operational risk review methodologies.
  • Assisting with the coordination of internal and external examination requests.
Duty :
  • Executing a quality assurance program to evaluate the adequacy and effectiveness of CBRS review work.
  • Production of periodic compliance performance reports for CBRS leadership, including trend analysis and recommendations.
  • Ongoing implementation and monitoring of a risk-based compliance program.
  • Participating in and providing compliance consulting and support for projects and initiatives with moderate risk to identify and mitigate regulatory risk in business activities.
  • Evaluating the adequacy and effectiveness of policies, procedures, processes, initiatives, products and internal controls.
  • Drafting a summary of findings, corrective action plans and recommendations to ensure operational and regulatory compliance.
  • Assisting in the development and implementation of compliance and operational risk review methodologies.
  • Assisting with the coordination of internal and external examination requests.
Min educational qualification :
Graduate (3 years) from a reputed educational institute
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Wells Fargo
Chennai, TN 600006

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