About this role:
Wells Fargo is seeking an Independent Lead Testing Officer.
We believe in the power of working together because great ideas can come from anyone. Through collaboration, any employee can have an impact and make a difference for the entire company. Explore opportunities with us for a career in a supportive environment where you can learn and grow.
About Wells Fargo:
Wells Fargo & Company (NYSE: WFC) is a leading global financial services company with $2.0 trillion in assets and offices in over 37 countries. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides asset management, capital raising and advisory, financing, foreign exchange, payments, risk management, and trade finance services to support customers who conduct business in the global economy. At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We also value the viewpoints of our team members and encourage them to be their best. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Learn more at our International Careers website.
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Department Overview
Independent Testing & Validation (IT&V) is part of Wells Fargo's second line of defense, or Independent Risk Management (IRM) team, and is responsible for the development and design of methodologies and standards for review activities across the Enterprise in alignment with the Risk Management Framework. Testing & Validation teams provide independent, comprehensive operational risk and compliance control testing as well as targeted/emerging risk reviews and issue validation.
About the Role
This role is in the Emerging Risk (ER) IT&V group as a part of the ER Testing team. The Independent Testing & Validation team is responsible for the development and design of methodologies and standards for review activities across the Enterprise in alignment with the Risk Management Framework, and ensuring effective and appropriate testing, validation, and documentation of review activities for risk programs, risks, and controls according to standards and other applicable policies.
Responsibilities:
Responsibilities of the Lead Officer role include, but are not limited to:
- Lead complex initiatives executing moderate to high risk or complex review activities and engagements in a matrixed environment
- Communicate emerging risks with broad impact and act as key participant in large scale planning for Independent Testing
- Develop and design methodologies and standards for review activities across the enterprise in alignment with the risk management framework
- Review and research complex development and design of methodologies and standards for review activities companywide in alignment with the risk management framework
- Ensure effective and appropriate testing, validation, and documentation of review activities for risk programs, risks and controls
- Make decisions in complex situations requiring solid understanding of risk management framework and the risk and control environment that influence and lead enterprise testing to meet deliverables and drive new initiatives
- Collaborate and consult with Audit, Legal, external agencies, and regulatory bodies to resolve risk related topics
- Lead project teams and mentor individuals
- 5+ years of Independent Testing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Strong experience in risk management (includes control testing, , operational risk assessments, internal audit, end to end business process reviews)
- Hands on experience of leading end to end engagements - Planning, Scoping, Execution, Issues & Observations and Final report submission - for control testing, internal / external audit functions and process reviews
- Knowledge and understanding of financial services industry, including compliance, risk management, and/or audit operations
- Specialized knowledge or prior regulatory compliance testing or review experience
- Experience reviewing testing strategies and methodologies; evaluating the adequacy and effectiveness of policies, procedures, processes, initiatives, products and internal controls; and identifying issues
- Advanced Microsoft Office (Word, Excel, Outlook, and PowerPoint)
- Ability to take on a high level of responsibility, initiative, and accountability
- Strong oral and written communication skills
- Ensure effective and appropriate testing, validation, and documentation of review activities for risk programs, risks and controls
- Ability to make decisions in complex situations requiring solid understanding of risk management framework and the risk and control environment that influence and lead enterprise testing to meet deliverables and drive new initiatives
- Collaborate and consult with Audit, Legal, external agencies, and regulatory bodies to resolve risk related topics
- Lead project teams and mentor individuals
- Minimum 2 years at Big Four/super regional public accounting firm with experience in business process, regulatory, audit and/or advisory/consulting services
- Demonstrated success with influencing business units to identify, formulate and implement processes/procedures to mitigate risk
- Demonstrated negotiation skills, especially with difficult topics when partnering with lines of business and other key stakeholders. This includes the willingness and ability to question decisions, understand direction and escalate issues where necessary
- One or more of the following certifications:
- Certified Internal Auditor (CIA)
- Certified Anti-Money Laundering Specialist (CAMS)
- Certified Financial Crimes Specialist (CFCS)
- Chartered Accountancy (CA)
- Certified Public Accountant (CPA)
- Certified Regulatory Compliance Manager (CRCM)
23 Sep 2024
*Job posting may come down early due to volume of applicants.
We Value Diversity
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, 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 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 US: 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.
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.