About this role:
Wells Fargo is seeking a Lead Independent Testing Officer
In this role, you will:
- Lead complex initiatives executing moderate to high risk or complex review activities and engagements in a matrixed environment
- 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
- Leading and supporting execution of design and operating effectiveness control testing for RCSA (Risk & Control Self-Assessment) based controls.
- Proactively engaging business partners to kick-off testing and lead ongoing meetings with minimum supervision.
- Documenting test results and any issues identified while also providing and communicating recommendations to management, compensating controls and residual risks.
- Identifying and implementing efficiencies and process improvements, including automation opportunities pertaining to metrics and reporting.
- Reviewing and interpreting new and revised corporate and ITV policies and procedures and assess impacts.
- Developing clear and concise reporting to be shared with IT&V management and Front Line Units.
- Providing credible challenge to business and senior leader stakeholders as needed.
- Building relationships and collaborating with key stakeholders in the applicable line of business, other second and third line functions, and IT&V functions.
- Monitoring metrics and associated data to identify and escalate potential issues and providing recommendations for resolution to ensure optimal performance
- Lead initiatives of Data analytics with knowledge of Power BI, SAS, Tableau (Preferred)
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- 5+ years of Independent Testing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Post graduate degree in Business or in a related discipline
- 5+ years of relevant experience in risk management (includes control testing, compliance, financial crimes, operational risk, internal audit, business process management)
- Experience in Internal Control Testing
- Experience in Risk RCSA.
- Understanding of Risk Framework/Internal Audits.
- Sound knowledge of Microsoft Office (Word, Excel, Outlook, and PowerPoint)
- Experience creating, executing, and documenting compliance, control, and business process testing
- Strong oral and written communication skills
- Experience reviewing testing strategies and methodologies; evaluating the adequacy and effectiveness of policies, procedures, processes, initiatives, products and internal controls; and identifying issues
- Knowledge and understanding of financial services industry, including compliance, risk management, and/or audit operations
- Strong ability to obtain, validate, research, trend, and analyze data.
- Strong critical thinking and analytical skills with high attention to detail and accuracy. Specialized knowledge or prior regulatory compliance testing or review experience
- Knowledge of analytics and presentation tools such as Tableau, SAS, Power BI etc.
- Ability to take on a high level of responsibility, initiative, and accountability
- Minimum 4 years at Big Four or super regional public accounting firms or Financial industry 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 will be add on:
- Chartered Accountant (C.A)
- Certified Public Accountant (CPA)
- Certified Internal Auditor (CIA)
- Certified Regulatory Compliance Manager (CRCM)
- Certified Anti-Money Laundering Specialist (CAMS)
- Certified Financial Crimes Specialist (CFCS)
- Certified Fraud Examiner (CFE)
29 Dec 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.