Faraz
Senior AVP, Wells Fargo | Ex EXL, SBI | IIIT Bangalore
- Role
- Senior Assistant Vice President at Wells Fargo
- Location
- Hyderabad, TG, IN
- LinkedIn followers
- 500 followers
About Faraz
Risk management and analytics professional with 10+ years of experience across Standard…
Experience
Senior Assistant Vice President
Oct 2022 — Present · Hyderabad, IN
Validated high-risk EUCTs used in key regulatory reporting ( FR Y-14Q/M, FR 2052a submissions, CECL) by assessing data integrity, control design, and computational logic across Excel, SQL, MS Access and SAS platforms. Reviewed complex regulatory reporting tools interfacing with Risk Modelling outputs, validating data quality and integration between upstream model inputs and downstream reporting processes.Ensured compliance with SR 11-7 governance standards, identified critical control gaps, and recommended remediation or migration to IT-managed systems, reducing regulatory and operational risk in financial reporting processes.Challenged and refined risk ratings for EUCTs by collaborating with business stakeholders, ensuring risk assessments realistically reflected operational and model risk exposure.Led Independent Risk Management (IRM) reviews for new business initiatives - products and process changes, assessing their impact on EUCT risk and control frameworks.Developed Key Risk Indicators (KRIs) to strengthen operational risk oversight across the EUCT lifecycle to proactively monitor risk and drive timely remediation efforts.Documented comprehensive validation reports highlighting key risks and providing actionable recommendations for remediation. Collaborated with business units, EUCT owners, and risk management teams to address findings and implement control enhancements.Challenged risk ratings assigned to EUCTs and led the development of a methodology for detecting anomalies in risk rank assignments. Collaborated with Lines of Business (LOBs) to revise rankings, ensuring they accurately reflected the true risk associated with each EUCT.
Education
Gayatri Vidya Parishad College of Engineering for Women, Madhurawada, PIN-530048(CC-JG)
Bachelor of Technology - BTech
2009 — 2013
International Institute of Information Technology Bangalore
PG Diploma
2021 — 2022
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