Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Market Job Description
Within Wells Fargo Compliance, the Enterprise Testing group is responsible for establishing and maintaining a consolidated Enterprise Testing program at the corporate level. Enterprise Testing is responsible for developing a common methodology and standards, providing governance and oversight, executing testing; and conducting horizontal reviews. Testing and validation teams are responsible for implementing the Enterprise Testing methodology and standards, and executing group-specific testing. The International Testing & Validation (T&V) function provides independent risk oversight through the execution of standardized testing and issue validation activities across non-US-based regions. Specifically, International T&V provides independent assurance that risk programs and controls are operating effectively across the following key risk types: Financial Crimes, Regulatory Compliance, and Operational Risk; and risk programs such as Business Process Management, Information Security, Information Risk, Third Party, Process/Transaction, Conduct, Change Management, Product/Service and Human Capital. The EMEA Operational Risk Testing & Validation Team within the International Testing & Validation organization is responsible for providing assurance on the internal control environment through specific controls testing, targeted reviews and issues validation primarily driven from the Operational Risk and the Business Process Management program which at times may include components from other corporate program and risk types. (Note: In addition to these functions, employees are required to carry out such other duties as may reasonably be required.)
Engage with key stakeholders within relevant lines of business and Operational Risk team members to effectively plan testing activity, coordinating this with the relevant Engagement Lead or lead the engagement for small and non-complex engagements.
Plan and perform Operational risk testing activities that independently evaluate the adequacy and effectiveness of critical end-to-end processes and controls relevant to Wells Fargo's businesses based on defined testing plan and methodology.
Plan and perform issues and corrective actions validation activities that independently evaluate the adequacy, comprehensiveness and effectiveness of corrective actions taken to remediate issues based on defined methodology.
Identify and raise gaps, issues and recommendations for control enhancements and formally agree associated action plans in consultation with the relevant senior management.
Formally document testing activity within the working papers in accordance with the methodology.
Support writing reports and presentations that clearly articulate the results/conclusions of testing activities.
Keep all stakeholders apprised of review progress through formal updates throughout the engagement and on the potential issues so that there are no 'surprises' for lines of business.
Work collaboratively with internal stakeholders.
Collaborate with other key T&V points of contact within Corporate Risk, Wholesale and Wealth and Investment Management to ensure consistency of T&V programs, policies and procedures.
Maintain understanding of the Regulatory Compliance Risk Management, Operational Risk Framework, and T&V Standards and the interconnectivity of its key components.
Maintain understanding of business operations and regulatory guidance / expectations.
Market Skills and Certifications
Experience in compliance, operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk), or a combination of both above in one or a combination of the following: additional compliance, additional operational risk management, IT systems security, business process management or financial services industry experience; or a BS/BA degree or higher in business or a related field.
Proven operational risk testing or other related experience within an internal/external audit or other relevant testing function at global financial institutions.
Good knowledge of front to back activities and key processes pertaining to wholesale banking or capital markets or wealth & investment management or corporate staff group businesses.
Excellent verbal, written, and interpersonal communication skills.
Ability to operate in a complex and matrixed environment.
Strong analytical skills with high attention to detail and accuracy.
Ability to interact with all levels of an organization.
Excellent organization skills, prioritization, and time-management skills
Demonstrated ability to work independently, self-starter and highly motivated to work in a fast paced and changing environment.
Ability to multi-task and meet deadlines despite competing priorities.
Ability to articulate complex concepts in a clear manner.
Strong leadership, relationship building and collaboration skills and ability to operate in a team-oriented culture.
Strong Microsoft Office skills.
Ability to travel 10% or more of the time.
We Value Diversity
At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.
Team members 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.
Internal Number: 50772BR
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
www.wellsfargo.com | Twitter: @WellsFargo