Senior Independent Testing Specialist

Senior Independent Testing Specialist

About this role:

Wells Fargo is seeking a Senior Independent Testing Specialist...

This role is in the Regulatory Reporting Incremental Compliance (RRIC) team within Independent Testing & Validation (IT&V). RRIC is a centralized team, operates as a second line of defense over the regulatory and risk report production processes subject to BCBS 239 requirements. The team is an integral part of the Company’s control environment and provides credible challenge to relevant participants in the reporting processes. RRIC has enterprise-wide exposure to lines of business, regulatory and risk reporting stakeholders as well as the external financial reporting and regulatory reporting infrastructures and frequently coordinates with internal audit.

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 management
• Executing substantive testing including end-to-end transaction & non-transaction testing of regulatory and risk reports with supervision
• Documenting test results and timely escalation of exceptions identified
• Proactively communicating issues to stakeholders including ownership, while providing recommendations to management
• Developing clear and concise reporting to be shared with IT&V management and Front Line Units
• The successful candidate will be a team player and a self-starter who is accustomed to working in complex organizations, partnering with a diverse group of stakeholders, and achieving results. Candidates with experience in preparing or reviewing regulatory returns including capital adequacy, liquidity coverage, recovery planning etc. are encouraged to apply.

Required Qualifications:

• 4+ years of Independent Testing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• Exposure in regulatory reporting and risk management (includes compliance, financial crimes, operational risk, internal audit, legal, credit risk, market risk, business process management) or 6+ years of financial services industry experience
• Relevant & direct experience in regulatory reporting and testing

Desired Qualifications:

• Knowledge and understanding of financial services industry: compliance, risk management, or audit operations
• 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) or a  Certified Public Accountant (CPA) designation
• Knowledge and understanding of regulatory reporting e.g. Federal Reserve, Financial Conduct Authority, OCC, SEC etc.
• Knowledge and understanding of regulatory compliance requirements surrounding SOX Sarbanes-Oxley Act
• Ability to take on a high level of responsibility, initiative, and accountability
• Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
• 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 or 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)
• Ability to present results of analyses and recommendations to senior leaders or executives
• Experience supporting Regulatory Exams (Domestic and Int’l), Audits, or other regulatory reporting related assessments
• Strong critical thinking skills with ability to credibly challenge status quo
• 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

Posting End Date: 

13 Aug 2024

*Job posting may come down early due to volume of applicants.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

 

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.