Sreedevi Arava

Strategic Risk Governance Leader with 19 years of excellence in Banking and Financial Services, driving enterprise-wide Operational Risk Management, Control Assurance, and Governance Frameworks to strengthen risk culture and regulatory resilience. Instrumental in fortifying global control ecosystems, embedding Non-Financial Risk Management Frameworks, and orchestrating large-scale RCSA implementations across multi-regional business units. Trusted advisor to senior leadership in shaping risk taxonomy, designing sustainable control strategies, and steering audit-readiness programs that elevate compliance maturity and operational efficiency.

Proven transformation enabler, recognized for leading transition governance across global service centers, authoring critical SOPs and data manuals, and advancing automation in risk monitoring and reporting processes. Collaborative and analytical professional known for stakeholder influence, mentoring cross-functional teams, and fostering a proactive control culture through data-driven insights, transparency, and continuous improvement.

Vice President - Lead Control Management Officer at Wells Fargo (2022-12 – Present)

Serving as the Lead Control Partner for Business group Underwriting and Corporate Risk – Financial Crime Risk Management (FCRM), driving the implementation and oversight of critical risk and control initiatives across business units.

• Risk & Control Partnership: Serving as the Lead Control Partner for Business group Underwriting and Corporate Risk – Financial Crime Risk Management (FCRM), driving the implementation and oversight of critical risk and control initiatives across business units.
• Issue Management & Remediation: Spearheading end-to-end issue management processes, conducting root-cause analysis, assessing issues, and creating corrective action plans to mitigate operational risks.
• RCSA Execution & Governance: Collaborating in executing and monitoring Risk and Control Self-Assessments (RCSA) for FCRM groups across two units, ensuring robust risk governance and control effectiveness.
• Process Improvement & Knowledge Sharing: Facilitating continuous "Lessons Learned" sessions with global control teams, enhancing processes, promoting cross-site learning, and improving operational resilience.
• Stakeholder Engagement & Control Design: Engaging with stakeholders and Independent Risk Management (IRM) teams to design, refine, and document controls, ensuring sustainable performance and audit readiness.
• Leadership & Capability Building: Leading, coaching, and mentoring control officers and SMEs in performing RCSA activities, delivering subject matter expertise, and fostering a culture of proactive risk ownership.

Assistant Vice President – Group FC NFRO and Risk Steward Support at HSBC Electronic Data Processing India Pvt. Ltd. (2021-04 – 2022-11)

Led the delivery and continuous embedding of the Risk Management Framework across eight regions, ensuring enterprise-wide compliance and effective risk mitigation. Managed the refresh of the Financial Crime Risk Taxonomy Control Library and implemented robust Risk and Control Assessments to strengthen control effectiveness.

• Non-Financial Risk Stewardship: Led the delivery and continuous embedding of the Risk Management Framework across eight regions, ensuring enterprise-wide compliance and effective risk mitigation.
• Financial Crime Risk Management: Managed the refresh of the Financial Crime Risk Taxonomy Control Library and implemented robust Risk and Control Assessments to strengthen control effectiveness.
• Audit, Governance & Assurance: Oversaw governance, reporting, and audit follow-ups, ensuring timely resolution of actions from audits, assurance reviews, and operational risk oversight activities.
• Business & Financial Management Support: Provided strategic business management support for approximately 4000 FTEs across Compliance functions in GSC and GHQ, monitored migrations, re-migrations, headcount, and financial forecasts to achieve Annual Operating Plan targets.
• Technology Testing & Stakeholder Engagement: Directed end-to-end process reviews and technology testing activities, ensured superior quality benchmarks, and strengthened stakeholder relationships while serving as a trusted advisor for assurance and control testing.

Manager – Business Management at HSBC Electronic Data Processing India Pvt. Ltd. (2019-10 – 2021-03)

Assistant Manager – Technology Assurance Testing at HSBC Electronic Data Processing India Pvt. Ltd. (2017-09 – 2019-09)

Assistant Manager – Operations Wholesale CDD at HSBC Electronic Data Processing India Pvt. Ltd. (2015-04 – 2017-08)

Fraud Investigator/Trainer/SME/Complaints Specialist/Team Leader (Deputy) – Security and Fraud Risk at HSBC Electronic Data Processing India Pvt. Ltd. (2007-03 – 2015-03)

Customer Care Executive at E2E Serwizsol (2006-02 – 2006-10)

B.Tech. in Computer Science – JNTU, Hyderabad (2005)