Senior Business Accountability Specialist - Third-Party Risk Management

About this role:

Wells Fargo is seeking a Senior Business Accountability Specialist in the Front Line Risk Execution Third Party Services team within the Global Payments and Liquidity (GPL) Business.

The team provides centralized management of GPL’s vendor support needs including contract, vendor and Third-Party Risk Management (TPRM) through collaborative partnerships with key stakeholders and internal support teams.  We simplify the vendor onboarding and contract management process for the internal GPL customer while identifying, minimizing and managing all third-party risk. These vendors provide services and technologies that both support the GPL business and product and services offered to customers.

In this role, you will:

• Lead or participate in moderately complex initiatives and deliverables within business and contribute to large-scale, cross-functional planning related to mitigation of current and emerging business risk issues and concerns
• Assess, analyze, and design moderately complex controls, protocols, and approaches with respect to risk mitigation and the control environment, including ensuring effective planning for sustainability, ongoing control adherence, reporting, measurement, technology impacts, and monitoring
• Independently make decisions and resolve moderately complex issues while leveraging solid understanding of the business’s functional area or products, operations, and regulatory environment; facilitate decision-making and issue resolution, and support implementation of developed solutions and plans; lead peers and key business partners to meet deliverables and drive new initiatives
• Collaborate and consult with peers, colleagues, and mid-level managers to address current and emerging risks associated with business activities and operations, and provide guidance or support in interpreting, developing, and implementing risk-mitigating strategies
• Partner with peers and the business in interactions with external parties to support appropriateness and timeliness of response, and effectiveness of communications and materials
• May serve as a mentor for lower-level staff
• Advocate for GPL third-party support needs by understanding, evaluating, documenting and fully scoping their third-party support needs to identify and onboard new vendors in support of approved business initiatives.  This includes Engagement Manager/Primary Business Liaison and Relationship Manager duties partnering with Supplier Management Consultant’s, subject matter experts and Third-Party Officers to complete Risk assessments and develop onboarding timelines and project plans.
• Manage vendor relationships and monitor vendor performance, capability and capacity including facilitating periodic Business Reviews and invoice review and approval.
• Proactively track, monitor and manage all support requests, while managing stakeholder expectations and support partner progress.  
• Simplify the contract management process for the GPL customer by partnering with them, the Supply Chain Consultant and vendor for timely contract execution. This includes including the appropriate performance metrics and being the contract SME for your assigned engagements.
• Extracting data from various systems to analyze trends and summarize Engagement portfolio activity, trends and forecast for management and Risk reporting.

Required Qualifications:

• 4+ years of risk management, business controls, quality assurance, business operations, compliance, or process experience, or equivalent demonstrated through one or a combination of the following:  work experience, training, military experience, education
• Experience with Third-Party Risk and/or Supply Chain Contract management working directly with vendors

Desired Qualifications:

• Experience as a Third-Party Risk Manager in an Engagement or Relationship Manager role.
• Working knowledge of Wells Fargo’s Third-Party system of record, STORM and/or Ariba.
• Experience combining, analyzing and reporting on data in Excel using Pivot tables and lookups for management reporting purposes.  This includes drafting summary level comments and presenting information to explain trends or conclusions from the underlying data.

Job Expectations:

• This position is not eligible for Visa sponsorship
• Ability to work on-site at approved location at least three days a week

Posting End Date: 

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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 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.