Business Support Consultant 2 Wells Fargo Minneapolis

Job Title : Business Support Consultant 2
Date : 24 July 2021
Company : Wells Fargo
City : Minneapolis

Wells Fargo Recruitment 2021 - Wells Fargo is looking for the candidates to apply Business Support Consultant 2 that will be placed in Minneapolis.

Wells Fargo Job Vacancies 2021

Detail of : Business Support Consultant 2 Job Openings in Minneapolis
Job Description

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as “Personal Cell” or “Cellular” in the contact information of your application.

At , we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.

Help us build a better . It all begins with outstanding talent. It all begins with you.

As the company's second line of defense, Corporate Risk — or Independent Risk Management — provides independent oversight of risk-taking activities. Independent Risk Management establishes and maintains 's risk management program and provides oversight, including challenges to and independent assessment of, the frontline's execution of its risk management responsibilities. We manage risk according to the Risk Management Framework and ensure all employees understand their individual accountability for managing risk.

The Consumer Credit team is responsible for leading, developing and implementing strategic initiatives and processes to drive the company credit culture, appetite, and business performance. Applies subject matter knowledge to serve as a consultant and resource to corporate and/or line of business management regarding credit performance, potential or emerging risks, and business conformity with risk appetite, credit culture, and policies. Creates and analyzes reports. Presents findings to management and provides input into decision-making. Prepares recurring and ad hoc reporting packages for management. Compiles moderate to complex reports to assess and predict risk and monitor performance. Utilizes analytical tools to review and analyze credit trends and recommends appropriate risk mitigation strategies. Works with business partners to provide analytic solutions and develops strategies to support or negate change recommendations. Supports and implements initiatives with low to moderate risk. Internal interaction with team to support risk oversight and monitoring. Limited to no external interaction. Works independently; does not manage other team members.

This job is part of a small team that plays a very large role in the fast-moving payments system in the U.S. This position will assist a small number of senior risk professionals who oversees the payment processing of medium to very large organizations. This is an exciting growth area within and is a wonderful opportunity for a disciplined self-starter with strong writing skills and analytical skills. The ideal candidate will have experience in the payments system and will have knowledge of Visa and MasterCard compliance rules.

The new team member will participate in the oversight program and due diligence process of our largest customers and he/she will be responsible for accurately reviewing and assessing risks and controls, exhibiting appropriate judgment regarding issue notification, drafting findings and final audit reports, and assisting in communications with partners.


In short, this will provide oversight of operational risk and compliance programs. Moreover, in this position will be responsible for implementing and monitoring risk-based programs to identify and mitigate any operational risks that arise from inadequate or failed internal processes, controls, staff, systems or external events.

The right candidate will be tracking remediation plans, managing shadow risk management programs and may assist in consulting and support for projects and initiatives to identify and mitigate operational risk in complex business activities. This includes but not limited to: evaluating the adequacy and effectiveness of policies, procedures, processes, initiatives, products and internal controls; identifying operational risk issues; advising management on risk ratings, drafting detailed reports of findings and recommendations, coordinating production of periodic operational risk performance reports for senior management, including trend analysis and recommendations, drafting relevant procedures documents and more.

In this position, the right candidate must:

  • Experience Regulatory or compliance experience in the electronic payments industry
  • Knowledge and understanding of MasterCard and Visa products
  • Knowledge/Skills/Ability Knowledge and understanding of Payment Card Industry (PCI) controls
  • Demonstrate professional skepticism
  • Manage a number of concurrent projects and remediation plans
  • Present relevant concerns in professional and unbiased manner
  • Write opinions reflecting relevant facts that lead to logical conclusions
  • Escalate significant risks and loss exposures to appropriate levels of management
  • Review and evaluate risk management practices and develop recommendations to improve operating processes while minimizing the overall risk exposure
  • Determine if policies, practices, procedures and internal controls (e.g., merchant underwriting, OFAC, AML, BCP) regarding merchant processing are adequate
  • Perform analysis focusing on minimizing risks to , through compliance with relevant bank policies, VISA/MasterCard rules and relevant regulations
  • Initiate/suggest corrective action when policies, practices, procedures or internal controls are deficient or when violations of laws, rules, or regulations are noted

Required Qualifications

  • 4+ year of experience in one or a combination of the following: administrative support, project management, implementation, business operations or strategic planning in financial services demonstrated through work or military experience

Desired Qualifications

  • Ability to deliver results with speed and agility
  • Regulatory or compliance experience in the electronic payments industry
  • Ability to consolidate large amounts of project status information to identify key risks, customer impact, financial implications, delays, and issues that pose material risk
  • Ability to deliver dynamic presentations to business clients
  • Ability to interact with all levels of an organization
  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
  • Ability to produce high level summary analysis reports in a meaningful and understandable format
  • Ability to take initiative and work independently with minimal supervision in a structured environment
  • Advanced Microsoft Office (Word, Excel, Outlook and PowerPoint) skills
  • Excellent verbal, written, and interpersonal communication skills
  • Knowledge and understanding of Payment Card Industry (PCI) controls
  • Strong analytical skills

Other Desired Qualifications
  • CAMS designation
  • Knowledge and understanding of MasterCard and Visa products

Job Expectations

  • Ability to travel up to 20% of the time

If you feel that you can meet the qualification and up to the challenge, please send directly through :

Notes :

  • Only qualified candidates that meet with the above requirements would be processed in this recruitment.
  • Only short-listed candidates will receive responses.

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