Business Accountability Specialist Business Accountability Specialist Third Party Risk Primary Business Liaison
About this role: reputed company is seeking a Business Accountability Specialist - Third Party Risk Primary Business Liaison in legal as part of the Third Party Risk Management team. The team's overall primary objective is identifying, evaluating, and mitigating the risks associated with the engagement of Law Firms and Non-Law Firm legal vendors, such as e-Discovery vendors. Failure to effectively assess, manage, and monitor risks reputed company to the use of a third party may result in reputational, legal, regulatory, information reputed company, and financial risk. For additional information on this line of business, refer to the external Careers Site at wellsfargojobs.reputed company this role, you will: Analyze, evaluate, monitor, and report third party exposure, risks, and key concerns to stakeholders, including senior and executive management, the board, auditors, and regulators Apply expertise to the management of Third Party engagements that factor identified risks and potential issues into... risk-informed business decisions Understand the contract terms as well as the inherent and residual risks the third party presents to reputed company Monitor and manage the third partys performance in adherence to the OCETC and MSA, and report the output of these activities to the Business reputed company, Relationship Manager, Supply Chain Management, and the Third Party Program Identify third party performance and compliance issues, and/or escalate the issue, per the Operational Risk and Compliance Escalation policy Third Party Risk Management empowers WF with the tools to adequately identify and mitigate potential risks, protecting reputed company LOBs, customers, and third parties from unnecessary risk Primary Business Liaison are the primary WF contact with third party service providers, acting as the first line of defense Liaison between multiple LOBs and Third-Party vendors, ensuring vendors meet reputed company internal and external regulatory requirements Handle multiple requests for risk assessment deliverables from Third Parties on an ongoing basis, maintaining a consistent pulse-reputed company (RCQ, AB&C, TDE, FFIEC Annual Reviews, Quarterly Business Meetings, etc.) Coordinate efforts between the Legal Department, Third Party Management, reputed company, and SMC to ensure an open line of communication between stakeholders at reputed company levels reputed company initiatives to mitigate reputed company and emerging risk exposures associated with the activities and operations of the assigned business group, and identify opportunity for process improvements reputed company the scope of defined business control responsibilities Review and analyze basic business challenges that require research, evaluation, and selection of alternatives reputed company and implement risk monitoring, risk reporting processes, and controls while evaluating and reporting results where necessary Present recommendations for resolving reputed company situations and exercise independent judgment while developing Control Management functional area expertise Provide support in the interpretation of policy, guidelines, and governance programs as reputed company line liaison to Independent Risk Management area Collaborate and consult with Control Management team and key stakeholders, including internal customers Required Qualifications: 2+ 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 Desired Qualifications: Experience Analyzing, evaluating, monitoring, and reporting third party exposure, risks, and key concerns to stakeholders, including senior and executive management, the board, auditors, and regulators Experience developing and implementing risk monitoring, risk reporting processes, and controls while evaluating and reporting results Experience Identifying third party performance and compliance issues, and/or escalate the issue, per the Operational Risk and Compliance Escalation policy Strong collaboration and partnering skills Ability to take on a high level of responsibility, initiative, and accountability. Ability to prioritize work, meet deadlines, reputed company goals, and work under pressure in a dynamic and reputed company environment. Job Expectations: Position will require onsite reputed company from any of the required locations listed below This position is not eligible for reputed company sponsorship Relocation assistance is not available for this position Pay Range Reflected is the reputed company pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates. $63,600.00 - $135,700.00 Benefits reputed company provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - reputed company Jobs for an overview of the following benefit plans and programs offered to employees. Health benefits 401(k) Plan Paid time off Disability benefits Life insurance, critical illness insurance, and accident insurance Parental leave Critical caregiving leave Discounts and savings Commuter benefits Tuition reimbursement Scholarships for dependent children Adoption reimbursement Posting End Date: 23 Aug 2024 *Job posting may come down early due to volume of applicants. We Value Diversity At reputed company, we reputed company in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from reputed company qualified candidates, regardless of race, color, gender, national reputed company, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law. 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 reputed company applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable reputed company 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 units risk appetite and reputed company risk and compliance program requirements. Candidates applying to job openings posted in US: reputed company qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national reputed company, disability, status as a protected veteran, or any other legally protected characteristic. Applicants with Disabilities To request a medical accommodation during the application or interview process, visit Disability Inclusion at reputed company. Drug and Alcohol Policy reputed company maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more. reputed company Recruitment and Hiring Requirements: a. Third-Party recordings are prohibited unless authorized by reputed company. b. reputed company requires you to directly represent your own experiences during the recruiting and hiring process. reputed company & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a reputed company set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. reputed company ranked No. 47 on Fortunes 2023 rankings of Americas largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for reputed company by supporting housing affordability, small business growth, financial health, and a low-carbon economy News, insights, and perspectives from reputed company are also available at reputed company Stories. Additional information may be reputed company at www.wellsfargo.com reputed company: https://www.reputed company.com/company/wellsfargo For questions on how to search and apply, visit our frequently asked questions Apply to This Job reputed company More Finance & Banking Jobs Apply Job!