About this role:
Wells Fargo is seeking a Business Execution Consultant.
Team:The CRE-COO Risk Execution & Liaison team supports the execution and maintenance of the RCSA effort as well as ongoing execution of activities and initiatives resulting from the RCSA execution.CRE-COO Risk Execution & Liaison team is seeking experienced professionals with control, reporting and project management capabilities to support RCSA-related initiatives, including front line monitoring, research, and analysis reporting and project management.
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 tolessexperiencedStrategyand Execution staff
- Perform in-line Quality Control (QC) Controls for the business, including:Perform control pursuant to published procedures; Follow up on any fails in the relevant process identified through the QC process; Documentand track history of performance and any fails; Prepare routine reporting on control performance.
- Perform certain Quality Assurance (QA) controls for the business, including:Perform sampling and review of results pursuant to published procedures; Follow up on any fails in the relevant process identified through the QC process; Documentand track history of performance and any fails; Prepare routine reporting on control performance
- Perform other controls (neither QA nor QC):Perform control pursuant to published procedures; Follow up on any fails in the relevant process identified through the QC process; Documentand track history of performance and any fails; Prepare routine reporting on control performance
- Report on Key Risk Indicators (KRIs) as follows:Gather required data elements from systems of record and/or request reporting that needs to be evaluated in order to report on KRI; Perform any necessary data analysis and / or assessment required prior to reporting the KRI metric to the CRE Measures team; Track KRI performance over time and prepare any necessary analysis and reporting.
- Note:The team would not execute QA and QC controls simultaneously related to the same process. For a given process, the team may perform either QA or QC, but not both.
- Evaluate and assess performance of the above and advice regarding improvements or enhancements to the Front Line Monitoring environment.
- Participate in the development of front line monitoring processes and provide advice on design.
- Provide Project management support related to the above.
Required Qualifications:
5+ years ofBusiness Execution, Implementation, or Strategic Planningexperience, or equivalent demonstrated through one or a combination of the following: work experience - CRE Experience with Risk
Other Activities:
- Retrieve data from various sources and reporting tools and analyze in support of RCSA workshop, annual refresh and ongoing assessment of control environment and comparison across other CIB Businesses.
- Analysis of Business Environment Changes in order to improve efficiency of execution.
- Process control testing / control validation testing.
- Project management related to issues management or complaints.
- Conduct research and analysis regarding control environment, Major Compliance Requirements and Risk alignment across CRE and Wells Fargo as needed to support ongoing RCSA-related and other initiatives.
- Conduct research and analysis regarding third party service providers, applications, RANBI products and other RCSA-related artifacts and data points in support of RCSA-related and other initiatives.
- Prepare management-level reporting on Front Line Monitoring & RCSA-related and otherinitiatives.
- Project-management activities related to all of the above.
