About This Role
Wells Fargo is seeking a...
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 concern 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
- Develop expertise in Enterprise Third Party Risk Management policies
Job 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
Reference Number
R-523432
