Enterprise Testing Officer

Wells Fargo West Des Moines , IA 50398

Posted 2 days ago

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.

Within Wells Fargo Corporate Risk, the Independent Testing & Validation group is responsible for establishing and maintaining a consolidated IT&V program at the corporate level. Testing and validation teams are responsible for implementing the Enterprise Testing methodology and standards, and executing group-specific testing. Enterprise Testing and Validation for Consumer Lending is responsible for testing and validation activities for the Wells Fargo Auto line of businesses.

The Officer role will be focused on the development and execution of compliance and operational risk/control testing reviews across various business processes for Consumer Lending. Officer candidates generally are expected to lead and execute moderate to high risk or complex engagements and lead other staff assigned to engagements, and communicate emerging risks to management.

Specific Job Responsibilities:

  • Effectively design, lead, and schedule high risk or complex testing activities with little to no supervision

  • Lead development of testing engagements, including scope development, sampling strategies, control design evaluation, and testing methodologies

  • Act as a subject matter expert regarding testing topics for the Line of Business ("LOB") or LOB functions

  • Guide and/or mentor less experienced team members on risk management principles, including evaluating the adequacy and effectiveness of control design and control performance during testing engagements

  • Identify key business processes and associated controls and independently develop test plans to evaluate them, including those not captured by current compliance risk assessments or current business process procedures and policies

  • Interpret regulations and company policies and their applicability to business processes

  • Evaluate the adequacy and effectiveness of policies, procedures, processes, systems and internal controls; analyze business or system changes to determine impact; identify and assess operational risk issues and assign risk ratings consistent with established policy standards.

  • Proactively identify potential risks to Wells Fargo based on research of industry news and consent orders

  • Coordinate on the analysis of potential findings identified during testing engagements, including consultation with appropriate subject matter experts, to identify the root cause of issues, review the adequacy of management controls to mitigate risk, and make recommendations as needed

  • Ensure issues and recommendations are clearly communicated to business partners, the control executive team, compliance, Independent Testing leaders and any other applicable stakeholders based on substantive evidence compiled during the testing engagement

  • Present test results in an objective and unbiased manner, and draft opinions reflecting relevant facts that lead to logical conclusions

  • Partner with the Data Analytics team to develop and continuously enhance the use of data analytics and automated testing as a more efficient means of measuring adherence to compliance and operational risk requirements

  • Develop and maintain deep and strong relationships with business partners, control executive team, key stakeholders, all levels of leadership, and other team members. Stay abreast of ongoing business process changes, regulatory expectations, customer feedback, etc. May interface with external parties such as Audit, Legal, etc on risk related topics.

  • Elevate the team's quality of work performed. Review quality assurance feedback and take appropriate actions to address areas requiring attention

  • Perform peer-reviews of testing performed to identify opportunities for improvement. Performs effective and timely testing-related independent credible challenge internally.

  • Lead review teams that document workpapers sufficiently and write issues that clearly articulate work performed and results obtained

  • Lead review planning, scheduling, testing strategies, and coverage plan; identify and escalate trends and offer potential solutions

This position requires superior communication skills, strong analytical skills, and attention to detail. The right candidate will be committed to promoting a collaborative and team oriented environment with a bias to proactively helping manage risks to the bank.

Please note that posting duration may be shortened based on job seeker volume.

Required Qualifications

  • 7+ 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 7+ years of financial services industry experience, of which 5+ years must include direct experience in risk management

Desired Qualifications

  • Advanced Microsoft Office skills

  • Excellent verbal, written, and interpersonal communication skills

  • Good analytical skills with high attention to detail and accuracy

  • Ability to articulate complex concepts in a clear manner

  • A BS/BA degree or higher

  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment

Other Desired Qualifications

  • Testing experience in Compliance, Operational Risk, or Internal Audit in financial institutions

  • Risk and regulatory compliance experience

  • 2+ years of compliance and controls testing experience developing testing scripts and methodologies

  • Knowledge and understanding of complex regulatory/compliance issues and potential solutions

  • Knowledge and understanding of audit methodologies and tools that support audit processes

  • Understanding of risk based control testing, including assessing the adequacy of design and testing the effectiveness of internal controls

  • Experience drafting issues and executive summary reports

  • Moderate knowledge of product and process within Consumer Lending

  • Ability to articulate complex concepts in a clear manner

  • Outstanding problem solving and decision making skills

  • Ability to identify and evaluate trends, isolate root cause, and provide swift/thorough resolution

  • Strong organizational, multi-tasking, and prioritizing skills

  • Experience in Audit, Compliance, Risk and Testing

  • Strong presentation, documentation, and organizational skills

  • Certified Anti-Money Laundering Specialist (CAMS)

  • Certified Financial Crimes Specialist (CFCS)

  • Certified Information Systems Auditor (CISA)

  • Certified Internal Auditor (CIA)

  • Certified Public Accountant (CPA)

  • Certified Regulatory Compliance Manager (CRCM)

  • Certified Risk and Compliance Management Professional (CRCMP)

  • Certified Risk Professional Program (CRP) For Testing and Validation Positions Only

Job Expectations

  • Ability to travel up to 10% of the time

Street Address

IA-West Des Moines: 7001 Westown Pkwy

  • West Des Moines, IA

MN-Minneapolis: 2701 Wells Fargo Way

  • Minneapolis, MN

SC-Fort Mill: 3480 State View Blvd

  • Fort Mill, SC

AZ-Chandler: 2600 S Price Rd

  • Chandler, AZ

AZ-PHX-Northwest Phoenix: 2222 W Rose Garden Ln

  • Phoenix, AZ

NY-New York: 150 E 42nd St

  • New York, NY

TX-Irving: 250 E John Carpenter Freeway

  • Irving, TX

MN-Saint Louis Park: 435 Ford Rd

  • Saint Louis Park, MN

MN-Minneapolis: 600 S 4th St

  • Minneapolis, MN

NC-Charlotte: 128 South Tryon Street

  • Charlotte, NC

TX-Plano: 4975 Preston Park Blvd

  • Plano, TX

TX-DAL-Downtown Dallas: 1445 Ross Ave

  • Dallas, TX

NJ-Summit: 190 River Rd

  • Summit, NJ

NC-Charlotte: 1525 W Wt Harris Blvd

  • Charlotte, NC

NC-Charlotte: 401 S Tryon St

  • Charlotte, NC

NC-Charlotte: 301 S College St

  • Charlotte, NC

MO-Saint Louis: 1 N Jefferson Ave

  • Saint Louis, MO

IA-Des Moines: 206 8th St

  • DES MOINES, IA

Disclaimer

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 Summary

Benefits

Visit https://www.wellsfargo.com/about/careers/benefits for benefits information.

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Enterprise Testing Officer

Wells Fargo