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Lead Independent Testing Officer

  • Governance & Controls
  • Full time
  • R-185686

Market Job Title / Designation : Lead Independent Testing Officer

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 CTSD&I IT&V group. 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.

Lead Independent Testing Officer role will provide strategic support for testers by gathering requirements and delivering data needs and detailed analysis for their organization.

Market Job Description :

  • Leading and supporting efforts to credibly challenge risk and effectively evaluate and/or test controls to mitigate those risks.
  • 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.
  • Ensuring metrics offer insight into realized and emerging risks.
  • Monitoring metrics and associated data to identify and escalate potential issues and providing recommendations for resolution to ensure optimal performance

Required Qualifications 

• 10+ years of experience in risk management includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, business process management) . 5+ years must include direct experience in Risk management, includes but not limited to: leadership experience in driving risk reviews,  RCSA  and Risk related projects for the enterprise

Desired Qualifications 

  • Knowledge and understanding of Control testing and RCSA
  • Knowledge of regulatory compliance requirements in financial industry
  • Ability to summarize and recommend new strategies/solutions. 
  • Strong ability to research, trend, and analyze data. 
  • Ability to effectively communicate, verbal and written, with various levels of management, including senior leaders and executives.
  • Strong critical thinking and analytical skills with high attention to detail and accuracy. 
  • 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 take on a high level of responsibility, initiative, and accountability

OTHER DESIRED QUALIFICATIONS :

  • Minimum two years at Big Four/super regional public accounting firm with experience in business process, regulatory, and/or business process, regulatory, or advisory/consulting service
  • 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

Prefer one of the following certifications:

  • Chartered Accountant (CA)
  • Certified Public Accountant (CPA)
  • Certified Internal Auditor (CIA)
  • Certified Anti-Money Laundering Specialist (CAMS)
  • Certified Financial Crimes Specialist (CFCS)

RWF@22

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, 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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