Lead Independent Testing Officer - Corporate Risk T&V
Wells Fargo
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About this role:
Wells Fargo is seeking a Lead Independent Testing Officer.
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In this role, you will:
Leading execution of moderate to high risk or complex testing activities/engagements in a matrixed environment, and communicates emerging risks to management
- Timely completion of testing engagements in accordance with annual test plan
- Leading and supporting efforts to credibly challenge risks in the end-to-end regulatory reporting processes and effectively evaluate controls to mitigate those risks
- Partnering with business partners to understand the environment and related initiatives to develop appropriate and complementary testing procedures
- Documenting test results and issues identified while also providing and communicating recommendations to management
- Reviewing and interpreting new and revised corporate and IT&V policies and procedures and assess impacts
- Developing clear and concise reporting to be shared with IT&V management and Front Line Units
- Building relationships and collaborating with key stakeholders in the applicable line of business, other second and third line functions, and IT&V functions
- Identifying and implementing efficiencies and process improvements, including automation opportunities pertaining to metrics and reporting
The successful candidate will be a team player and a self-starter who is accustomed to working in complex organizations, partnering with a diverse group of stakeholders, and achieving results. Candidates with strong experience in Testing and validation in space of Credit Risk, Market Risk, Operational Risk, Model Risk and EUCT governance and testing are encouraged to apply.
Required Qualifications
- 5+ years of Independent Testing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications
- Knowledge and understanding of financial services industry: compliance, risk management, or audit operations
- 4+ years must include direct experience in risk reporting and testing
- A BS/BA degree or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting
- Big four public accounting experience
- A Master of Business Administration (MBA) or a Certified Public Accountant (CPA) designation
- Technical knowledge in data mapping and data lineage tracing
- Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
- Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
- Specialized knowledge or prior experience in Credit Risk, Market Risk, Operational Risk, Model Risk / EUCT 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 resulting from internal and/or external compliance examinations
- Intermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint)
- Ability to present results of analyses and recommendations to senior leaders or executives
OTHER DESIRED QUALIFICATIONS:
- Experience supporting Regulatory Exams and Audits
- Strong critical thinking and analytical skills with high attention to detail and accuracy
- 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 technology. This includes the willingness and ability to question decisions, understand direction and escalate issues, where necessary
Posting End Date:
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.