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Lead Independent Testing Officer

wellsfargo Wells Fargo

Wells Fargo is a diversified community-based financial services company with a vision to satisfy customer’s financial needs and help them succeed financially.

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

About this role:

Wells Fargo is seeking a Lead Independent Testing Officer in Independent Testing & Validation (IT&V) as part of Corporate Risk . Learn more about the career areas and lines of business at wellsfargojobs.com .

The Independent Testing and Validation (IT&V) 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.

This testing officer will be accountable for developing and executing independent operational and compliance risk control testing focusing on emerging issues and targeted testing. Strong business acumen and experience will be a determining factor in selection. Successful candidates will be articulate, thought leaders, and possess demonstrated leadership capability; they will be impressive in their inter-personal effectiveness, regarding their accomplishments, and with a proven ability to engage and influence senior management and business and risk partners.

In this role, you will:

  • Lead teams that plan and execute compliance and operational risk control testing and is accountable for conducting end-to-end business process walkthroughs, identifying risks and primary and compensating operational and compliance controls, evaluating control design, and testing the effectiveness of manual and automated controls. Supervise the team throughout the life cycle of testing activities to provide ongoing guidance on scope, sampling, testing approach, issues, work papers, quality reviews, etc.
  • Develop, maintain and execute the Annual Plan. Ensure Plan includes targeted reviews based on risk and meets internal benchmarks. Anticipate changes in the internal and external environment and adapt the testing program of the team accordingly.
  • Lead implementation of strategic initiatives with moderate risk and complexity.
  • Develop and manage relationships with the business and implement an effective engagement model for the team and business. Understand applicable business risks and provide effective challenge to business and/or compliance partners when operational controls are missing, inadequate, or ineffective.
  • Influence line of business and control executive teams to resolve issues, develop sound corrective actions, and strengthen internal controls. Stay informed of business management’s plans to address corrective actions, and work with the validation team to understand and assess residual risks.
  • Collaborate with legal, audit, compliance, and business partners to stay up to date with ongoing business process changes, regulatory expectations, customer feedback, etc.
  • Triages critical or high-risk issues and determine next steps. Identifies repeat issues and ensure documented appropriately. Provides thoughtful independent credible challenge to lines of business, across risk programs and the enterprise.
  • Improve bench strength of the team. Develop subject matter expertise within the team of all the major products, services, and processes in the line of business and develop a thorough understanding of the laws and regulations, regulatory guidance, and policies and procedures of the functions reviewed.
  • Elevate the team’s quality of work performed. Review quality assurance feedback and take appropriate actions to address areas requiring attention.
  • Identify continuous improvement opportunities and implement routines to drive effectiveness and efficiency. Partner with other Products teams to drive synergies across the broader team.
  • Write reports that clearly articulate work performed and summarize testing results to business leadership, executive management, and the board.
  • Provide status updates to key stakeholders on programs and specific reviews where warranted.
  • Provides transparency and accuracy to regulators, Audit, other internal risk and line of business stakeholders.
  • Sustains a strong risk culture that identifies and provides oversight and escalation of existing and emerging risk issues and common themes across business groups.

Required Qualifications, US:

  • 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:

  • Meets one or a combination of the following that results in a total of 5 years of experience:
    • 5+ years of testing, testing controls or quality assurance experience
    • 5+ years of audit experience
  • CRCM, CIA, or other Compliance/Audit Certifications
  • Knowledge and understanding of complex regulatory/compliance issues and potential solutions
  • Knowledge and understanding of audit methodologies and tools that support audit processes
  • Can expertly evaluate both the adequacy and effectiveness of policies, procedures, processes, systems and internal controls; while analyzing business and/or systems changes to determine impact
  • Experience drafting executive summary reports
  • Ability to articulate complex concepts in a clear manner
  • Outstanding problem solving and decision-making skills
  • Proficient at considering a broad range of issues in making decisions and holds oneself accountable for delivering on commitments and renegotiating when needed.
  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
  • A BS/BA degree or higher
  • Strong presentation, documentation, and organizational skills
  • Expertly balances tasks and concerns for people’s needs
  • Advanced Microsoft Office skills
  • Critical Thinking and Analytical skills
  • Excellent verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy
  • Proficiently builds constructive and effective relationships

Job Expectations:

Posting Location:

  • Charlotte, NC
  • Fort Mill, SC
  • Irving, TX
  • West Des Moines, IA
  • Minneapolis, MN
  • Tempe, AZ
  • St Louis, MO

Preferred location(s) listed above. Other locations within the Wells Fargo footprint may be considered for current Wells Fargo employees.

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, 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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Lead Independent Testing Officer

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Wells Fargo

Wells Fargo is a diversified community-based financial services company with a vision to satisfy customer’s financial needs and help them succeed financially.

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