About this role: Wells Fargo is seeking a Lead Business Execution Consultant. We believe in the power of working together because great ideas can come from anyone. Through collaboration, any employee can have an impact and make a difference for the entire company. Explore opportunities with us for a career in a supportive environment where you can learn and grow. In this role, you will: Lead cross functional teams to strategize, plan, and execute a variety of programs, services and initiatives Drive accountability for assigned initiatives, limit risk exposure, and create efficiencies as appropriate Review strategic approaches and effectiveness of support function and business performance Perform assessments through fact finding and data requiring creative approaches to solving complex issues, and develop appropriate solutions or recommendations Make decisions in highly complex and multifaceted situations requiring solid understanding of business group's functional area or products, facilitate decision making and issue resolution, and support implementation of developed solutions and plans Collaborate and consult with members of the Business Execution team and team leaders to drive strategic initiatives Influence, guide and lead less experienced Strategy and Execution staff within the group Required Qualifications: 5+ years of Business Execution, Implementation, or Strategic Planning experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education Desired Qualifications: Strong 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. 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 to less experienced Strategy and Execution staff. 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. Responsibilities: Execute Third Party Risk management, play the role of an Engagement Manager and Relationship Manager. Manage Engagements and Relationships independently and liaise closely with Business Operations, Supply chain, Info Security, Compliance, Resiliency, Technology teams. Complete planning activities, including evaluating the business need for the use of a third-party service provider, obtaining the necessary business approvals and engaging Supply Chain Management for contracts. Partner with Line of Business and must follow the lifecycle process of Third Party risk management to ensure third parties is appropriately risk rated. Ensure all required due diligence activities are completed with respect to the third-party service provider and associated risk are identified, assessed, mitigated, monitored, and managed. Monitoring the third-party service provider performance and ensuring it conforms with contractual requirements and service level agreements and meets business expectations. Thoroughly understand the third-party service provider engagement/relationship, including all products and services, contract and other risks inherent and related risks for each engagement and perform periodic oversight Communicate, coordinate, collaborate and build partnerships effectively with Stakeholders across different business divisions. The position requires the ability to lead, manage, and follow up on action items for all meetings, ensuring those assigned as owner to complete their milestones on time a timely manner. Conduct regular business review meetings as required per the Third-Party Service Provider Procedures. Act as an SME for the process Lead the conversations with stakeholders. Mentor and guide new team members. Identify and deliver IDEA Projects.
