Enterprise Testing Sr. Associate (Emerging Risk Testing Team)

Job description

Job Description

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as "Personal Cell" or "Cellular" in the contact information of your application.

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.

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. Corporate Risk roles depend on a variety of skills, including: Data analysis and synthesis, root cause analysis, change management, process management & execution, risk governance, risk strategy, risk identification & assessment, risk prevention, controls & mitigation, risk monitoring, reporting & escalation, risk systems & technology.

This role is in the COO, Technology, Strategy, Digital & Innovation (CTSD&I) IT&V group as a 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 of the Senior Associate role include, but are not limited to:

• 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.

• 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

• 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)
  

• 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

IA-West Des Moines: 7001 Westown Pkwy - West Des Moines, IA
AZ-Tempe: 1150 W Washington St - Tempe, AZ
MN-Minneapolis: 600 S 4th St - Minneapolis, MN
TX-Irving: 5000 Riverside Drive - Irving, TX
NC-Charlotte: 401 S Tryon St - Charlotte, NC
MO-Saint Louis: 1 N Jefferson Ave - Saint Louis, MO
TX-DAL-North Dallas: 14241 Dallas Parkway - Dallas, TX
SC-Fort Mill: 3480 State View Blvd - Fort Mill, SC

All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.



Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Benefits

Visit for benefits information.