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 .
Department Overview
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.
About the Role
This role is in the Issue Validation team within Independent Testing & Validation. Issue Validation team operates as a second line of defense over Enterprise Functions of Wells Fargo. The team is an integral part of the Company\'s control environment and provides credible challenge to front line of businesses on the process/controls implemented as part of corrective action for gaps/risk identified during various testing.
Market :
Responsibilities of the Independent Testing Specialist role include, but are not limited to:
May serve in either a validation execution and/or lead capacity, evaluating new process/control implemented as part of corrective action, ensuring risk mitigation and address root cause
Credibly challenge the front line of business on the sustainability of process/control implemented and evaluate controls designed to ensure mitigation of risk identified
Partnering with business partners to understand the process/control environment and related initiatives to develop scope/approach for validation and develop appropriate and complementary testing procedures
In depth analysis of evidence and detailed documentation of corrective action/control implemented, validation procedures, test steps, test results and timely escalation of exceptions identified
Acting as a change agent for continual improvement of the control environment
Decision making ability to conclude issue as successful or unsuccessful on the basis of validation and testing of process/control and provide appropriate recommendation accordingly to line of business
Required Qualifications
5+ years of relevant experience in risk management or control testing (includes external/internal audit, compliance, operational risk, credit risk, market risk)
Desired Qualifications
Knowledge and understanding of financial services industry: processes, compliance, risk management, or audit operations
Experience with internal control testing
Big four public accounting experience
A BCOM degree (or equivalent) or higher in one or a combination of the following: Finance, Accounting, Audit or Risk Management
A Master of Business Administration (MBA) or a Certified Public Accountant (CPA) or equivalent designation
Ability to take on a high level of responsibility, initiative, and accountability
Excellent verbal, written and interpersonal communication skills
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 controls 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
Experience creating, executing, and documenting compliance, control, and business process testing
Intermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint)
Ability to present results of analyses and recommendations to senior leaders or executives
OTHER DESIRED QUALIFICATIONS :
Strong critical thinking skills with ability to credibly challenge status quo
Strong organization and prioritization skills
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
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, age, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
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.
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