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Lead Independent Testing Officer

  • Governance & Controls
  • Full time
  • R-235976

About the Role:

This role is in the Enterprise Testing - Finance team within Independent Testing & Validation (IT&V). This centralized team operates as a second line of defense to key Finance processes and major requirements. The team is an integral part of the Company’s control environment and provides credible challenge to relevant participants in the reporting processes and has enterprise-wide exposure to lines of business, internal audit, regulatory and risk reporting stakeholders.

The Lead Independent Testing Officer for Finance will lead and work with a high-performing team of testing and validation professionals with subject matter expertise in financial institution Finance functions. Including, but not limited to financial planning & analysis, cost allocations, stress testing, product control and pricing, international business/regional reporting, Treasury support activities, SEC and regulatory reporting, and internal control frameworks for financial reporting.

The testing officer role is accountable for developing and executing independent operational and compliance risk control testing aligned to key finance functions. The officer is responsible for conducting end-to-end business process walkthroughs; identification of risks and compensating operational and compliance controls; evaluation of control design; and testing of effectiveness of manual and automated controls.  Additionally, the officer will supervise others throughout the testing life cycle to provide ongoing guidance on scope, sampling, testing approach, issue identification, work papers, quality reviews, etc. Strong operational and/or compliance-based testing/auditing experience, and financial services business acumen and experience will be determining factors in selection. Successful candidates will be articulate, thought leaders, and possess demonstrated leadership capability; they will be impressive in their inter-personal effectiveness, about their accomplishments, and with a proven ability to engage and influence senior management and business and risk partners.

Market Job Description:

Responsibilities of the Officer role include, but are not limited to:

  • Leading and overseeing execution of moderate to high risk or complex testing activities/engagements in a matrixed environment, and communicating emerging risks to management
  • Ensure teams execute testing and validation in an effective manner with high quality, according to IT&V standards and other applicable policies
  • Provide guidance on key scoping decisions including those tied to high-risk items or targeted reviews associated risk levels.
  • Provide thoughtful credible challenge internally and to LOBs, cross-enterprise and across other corporate risk programs.
  • Own accountability for ongoing updates to key business stakeholders on the status of the program and potentially on specific reviews where warranted.
  • Partner closely with frontline stakeholders to ensure Annual Plan is well-aligned with front line Risk & Control Self-Assessment (RCSA) activities, as well as CCAR CFO Attestation and COSO program activities for financial reporting risk.
  • Leading and supporting efforts to effectively challenge risks in the end-to-end reporting processes and evaluate controls designed 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
  • 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
  • Identifying and implementing efficiencies and process improvements, including automation opportunities pertaining to metrics and reporting

Required Qualifications 

  • 10+ years of relevant experience in risk management (includes external/internal audit, compliance, operational risk, interest rate risk, credit risk, market risk)
  • 5+ years must include direct experience in independent testing

  Desired Qualifications 

  • Extensive knowledge and understanding of financial services industry: compliance, risk management, or audit operations
  • 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. This includes the willingness and ability to question decisions, understand direction and escalate issues, where necessary.
  • Foundational understanding of Finance functions and related supervisory expectations for large financial institutions
  • 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), Chartered Accountant (CA), or a Certified Public Accountant (CPA) designation
  • Strong knowledge of the COSO Framework and Risk & Control Self-Assessment (RCSA) programs
  • Exposure to bank financial reporting requirements, such as familiarity with CCAR related processes
  • Knowledge and understanding of regulatory compliance requirements surrounding SOX Sarbanes-Oxley Act
  • Excellent verbal, written, and interpersonal communication skills
  • Strong organization and prioritization skills
  • Strong critical thinking & analytical skills with high attention to detail and accuracy
  • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
  • Specialized knowledge or prior regulatory compliance testing and 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)
  • Articulate, poised and comfortable in direct interaction with senior lines of business partners, Compliance, Independent Risk Management, and Internal Audit.

OTHER DESIRED QUALIFICATIONS :

  • Experience supporting Regulatory Exams (Domestic and Int’l), Audits, or other regulatory reporting related assessments
  • 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

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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