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Senior Independent Testing Specialist-Financial Crimes and Validation Team

Company: Wells Fargo
Location: Tempe
Posted on: June 21, 2022

Job Description:

About this role: Wells Fargo is seeking a Senior Independent Testing Specialist with a focus in Consumer Lending, Financial Crimes, Independent Testing & Validation . The Consumer Lending Financial Crimes IT&V primarily works with the following groups: Home Lending; Auto; Cards and Merchant Services; Personal Loans & Retail Services; Consumer Lending Control; and Consumer Lending Shared Services. Independent Testing & Validation is responsible for control testing activities are point-in-time reviews that independently assess adherence to regulatory and internal policy requirements and evaluate the effectiveness of business processes, controls, and risk management activities. Control testing activities are performed on a pre-defined frequency based on the level of risk for a given process, control, or activity. In this role, you will:

  • Lead or participate in moderate to high risk or complex review activities in a matrixed environment and communicate emerging risks to management within Independent Testing
  • Contribute to large scale planning related to Independent Testing deliverables
  • Review and research moderately complex potential corrective actions, and follow through on reporting, escalation, and resolution
  • Ensure effective and appropriate testing, validation, and documentation of review activities for risk programs and controls according to standards and other applicable policies
  • Resolve moderately complex issues and lead team to meet Independent Testing deliverables while leveraging solid understanding of risk management framework and the risk and control environment
  • Collaborate and consult with colleagues, internal partners, management and lines of business regarding risk managementRequired Qualifications, US:
    • 4+ years of Independent Testing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, educationDesired Qualifications:
      • 2+ years of Independent Testing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
      • Ensure effective and appropriate testing, validation, and documentation of review activities for risk programs, risks, and controls according to standards and other applicable policies within Independent Testing.
      • Present recommendations for resolving more complex situations and exercise independent judgment while developing expertise in risk management framework and the risk and control environment
      • Collaborate and consult with colleagues, internal partners and managementJob Expectations:
        • Executes review activities in an effective manner and communicate potential emerging risks appropriately.
        • May serve in either a control script execution and/or review lead capacity, participating in review activity engagements in a matrixed environment, and communicating emerging risks to management. Completes review activities on schedule.
        • Raises schedule delays to the review activity lead. Escalates any potential issues discovered during the completion of review activities to a review lead, and follows through on reporting, escalation, and resolution.
        • Completes all documentation under supervision and appropriately retains all work papers, (testing schedule, templates, work-papers, deferrals, deviations, etc.).
          • Preferred location(s) listed above. Other locations within the Wells Fargo footprint may be considered for current Wells Fargo employees. Corporate Risk employees who have assigned office space today can further their careers by applying for Corporate Risk roles and remain in their current location. Attachments 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.

Keywords: Wells Fargo, Tempe , Senior Independent Testing Specialist-Financial Crimes and Validation Team, Accounting, Auditing , Tempe, Arizona

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