The posting
About this role:
Wells Fargo is seeking an Independent Testing Director...
In this role, you will:
- Manage a team from cross-functional managers in accomplishing group strategic priorities
- Develop and design methodologies and standards for review activities across the Enterprise in alignment with the Risk Management Framework
- Ensure effective and appropriate testing, validation, and documentation of review activities for risk programs, risks, and controls according to standards and other applicable policies
- Oversee development and design of methodologies and standards for companywide testing
- Ensure effective and appropriate staffing levels and testing inventory for risk programs, risks, and controls
- Lead Independent Testing team to evaluate effectiveness of controls and business processes to manage and mitigate risk and assess effectiveness of completed corrective actions
- Oversee programs or initiatives related to a line of business or an Enterprise strategy with considerable impact across the Enterprise and externally
- Take ownership of line of business or regional programs to ensure effective, efficient and accurate testing and validation
- Serve as primary interface and represent with corporate, business heads, Legal, Audit, regulators, industry partners, stakeholders, elected officials and trade groups on risk related topics
- Manage allocation of people and financial resources for Independent Testing
- Develop and guide a culture of talent development to meet business objectives and strategy
Required Qualifications, US:
- 8+ years of experience in Independent Testing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 4+ years of Management experience
Desired Qualifications:
- Extensive experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, business process management) including expert level in financial services industry experience, of which must include direct experience in risk management.
- Extensive knowledge on Financial Crimes areas including anti-money laundering (AML), Know Your Customer (KYC), Sanctions/Office of Foreign Asset Control (OFAC) and Foreign Corrupt Practices Act (FCPA).
- Extensive experience designing and executing enterprise testing and validation programs, including the development of consistent standards and testing methodologies for compliance and operational risk testing, including RCSA.
- Experience supporting large complex business processes and initiatives across diverse lines of business within a bank or financial institution, products and services.
- Understanding of law, rules and regulations regarding Financial Crimes that are integral and impacting the lines of business and products and services in scope.
- Expert-level knowledge of industry standards and best practices around monitoring, testing, assurance, and risk management processes, especially Financial Crimes related processes.
- Mature understanding of the ever-evolving governance and regulatory environments.
- Organizational courage and willingness to make tough, informed decisions and thoughtfully share independent perspectives and experiences.
- Strong analytical, critical thinking and problem-solving skills, coupled with an ability to translate ambiguous ideas/issues into well-defined plans/solutions with a track-record for delivering results.
- Effective communicator, both orally and in writing, able to ask well-crafted questions and present ideas in a clear and compelling manner, good listener who engenders creative thinking and teamwork.
- Ability to develop and articulate sound proposals to key stakeholders, and an ability to influence and drive timely decision making.
- Proven ability to cultivate relationships and collaborate with multiple stakeholders and constituencies, including business leaders, legal, audit and multiple U.S. and non-U.S. regulators.
- Proven ability to build and lead high-performing teams, ensuring proper staffing and expertise, and manage the establishment of major policies and relevant compliance programs across major business divisions within a large and complex organization.
- Skilled in anticipating change, adjusting behavior to effectively handle rapid change, and the ability to adjust behavior to remain resilient through ambiguity or setbacks.
- Experience in leading others through change in order to proactively adapt.
- Adaptable to new methods, tools, and technology
- Ethical integrity and proven ability to serve as a role model by reinforcing and demonstrating to your employees the core values and behavioral expectations contained in Wells Fargo’s Vision, Values & Goals.
- 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:
- Duties will include but are not limited to:
- Lead a high-performing team of testing and validation professionals with subject matter expertise in varying functions performed throughout the LOBs.
- Support development and maintenance of the Annual Test Plan, and escalate any delays, at-risk or past due reviews with engagement leadership.
- Provide governance and oversight for engagement planning, execution and reporting, and own stakeholder communications.
- Oversee consultations with key front line and second line stakeholders to understand business/control environment, emerging risks, and issue trends.
- Ensure teams execute testing and validation in an effective manner with high
- Manage allocation of people to ensure adherence to role utilization targets
- Oversee engagement execution, issues disposition, and action plan challenge activities providing support and guidance to the engagement team.
- Provide thoughtful credible challenge internally and to lines of business, cross-enterprise and across other corporate risk programs.
- Conduct detailed work-paper documentation reviews to ensure that quality standards are met and provide for an effective audit trail.
- Instill and maintain focus on execution quality producing deliverables within minimal rework and ownership and pride of work product output.
- Deliver ongoing updates to key business stakeholders on the status of the program and on specific reviews.
- Review and approve engagement-level reporting, communications, and oversee appropriate distribution, retention, and archival in accordance with IT&V Standards and Procedures.
- As an Employee Manager, you are expected to achieve success by leading yourself and your team. Specifically, you will:
- Lead your team with integrity and create an environment where your employees feel included, valued, and supported.
- Accomplish management responsibilities which include sourcing and hiring talented employees, providing ongoing coaching and feedback, recognizing, and developing employees, identifying, and managing risks, and completing daily management tasks.
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, status as a protected veteran, or any other legally protected characteristic.
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.
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
