Enterprise Testing Sr. Associate ...

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.

About the role

As the company's second line of defense, Corporate Risk — or Independent Risk Management — provides independent oversight of risk-taking activities. Independent Risk Management establishes and maintains Wells Fargo's risk management program and provides oversight, including challenges to and independent assessment of, the frontline's execution of its risk management responsibilities. We manage risk according to the Risk Management Framework and ensure all employees understand their individual accountability for managing risk.

This role is in the COO, Technology, Strategy, Digital & Innovation (CTSD&I) IT&V group as part of the Emerging Risk Testing team. 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.

Responsibilities

• Executes review activities in an effective manner, including leading high risk and/or complex emerging risk engagements in a matrixed environment, and communicates identified risks to management and other interested parties.
• Completes review activities on an accelerated schedule, raising schedule delays as needed while looking for opportunities to remediate schedule issues.
• Leads and supports efforts to challenge risks in processes and evaluate and/or test controls designed to mitigate those risks, including evaluation of control design and operating effectiveness, if applicable.
• Escalates any potential issues discovered during the completion of review activities.
• Identifies potential corrective actions and follows through on reporting, escalation, and resolution.
• Completes all testing and documentation under limited supervision and appropriately retains all work papers (testing schedule, templates, work-papers, deferrals, deviations, etc.).
• Provides consultation and subject matter expertise including evaluating severity of control deficiencies and related remediation efforts, if applicable.
• Documents test results and any issues identified while also providing recommendations to management, including identifying compensating controls and residual risk to issues identified.
• Builds relationships and collaborates with key stakeholders.

Requirements

• 5+ years of experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) or 5+ years of financial services industry experience, of which 3+ years must include direct experience in risk management.

Qualifications

• 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.
• Ability to take on a high level of responsibility, initiative, and accountability.
• Intermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills.
• Knowledge and understanding of financial services industry: compliance, risk management, or audit operations.
• Strong organizational, multi-tasking, and prioritizing skills.
• Certified Anti Money Laundering Specialist (CAMS).
• Certified Internal Auditor (CIA).
• Chartered Financial Analyst (CFA) or Certified Public Accountant (CPA).
• A BS/BA degree or higher in business administration, finance, or accounting.
• Strong, clear and concise written and oral communication skills.
• Specialized knowledge or prior regulatory compliance testing or review experience.
• Experience creating, executing, and documenting compliance, control, and business process testing.
• Critical Thinking and Analytical skills.
• Minimum 2 years at Big Four/super regional public accounting firm with experience in business process, regulatory, audit and/or advisory/consulting services.
• Strong critical thinking skills with ability to credibly challenge status quo.
• Strong relationship management skills; ability to negotiate difficult positions without harming relationships.
• 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 other key stakeholders. This includes the willingness and ability to question decisions, understand direction and escalate issues where necessary.
• Certified Financial Crimes Specialist (CFCS).
• Certified Regulatory Compliance Manager (CRCM).

Job Expectations

• Willingness to work on-site at stated location on the job opening.
• Flexibility to work from home and meet the home eligibility assessment conditions, based on business need.

Locations: West Des Moines, IA; Tempe, AZ; Minneapolis, MN; Irving, TX; Charlotte, NC; Saint Louis, MO; Dallas, TX; Fort Mill, SC.

Benefits

Visit Wells Fargo Benefits for more information.