Wells Fargo is seeking a Senior Independent Testing Specialist in Financial Crimes Independent Testing & Validation (IT&V) group within the Corporate Risk organization. Learn more about the career areas and lines of business at wellsfargojobs.com .
The Financial Crimes Independent Testing and Validation (IT&V) Consumer, Small and Business Banking (CSBB) team within Corporate Risk is an independent risk management testing function for financial crimes risk disciplines including BSA/AML, Sanctions, OFAC, and Anti-Bribery and Corruption (ABC).
The CSBB team is responsible for executing targeted reviews in the areas of high and emerging financial crimes risk and related reviews such as Risk and Control Self-Assessment (RCSA) testing to independently evaluate the adequacy and effectiveness of business processes or activities and mitigating controls. CSBB is also responsible for executing financial crimes issue validations.
In this role, you will:
Understand and apply guidance from Testing & Validation Policy, Procedures, Playbooks, and Job Aids.
Assign tasks/responsibilities to engagement tester(s)/validator(s), establishing milestone dates that allow engagement target due dates to be met and conducting frequent touchpoints to track progress, address concerns, or provide guidance.
Assess the adequacy and effectiveness of policies, procedures, processes, systems, and control environments, and understand market/business/regulatory changes to determine impacts to engagement plans and scopes.
Effectively communicate the validation or testing process, status, and results to IT&V leadership, business and risk partners
Write and/or review reports or presentations that clearly articulate the results/conclusions of validation or testing activities.
Effectively communicate with IT&V Leadership and escalate concerns or issues as appropriate.
Identify and implement efficiencies and process improvements.
Provide credible challenge and recommendations to IT&V Leadership as needed.
Actively participate in learning & development opportunities to ensure the use of best-in-class processes and procedures.
Assist in managing change to ensure an effective risk management program.
Foster relationships with teams and collaborate across all other T&V teams effectively.
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.
Work independently to execute tasks and documentation with minimal rework.
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
Desired Qualifications:
Testing, Audit, regulatory and risk management experience.
Knowledge on Financial Crimes areas including Anti-Money Laundering (AML), Bank Secrecy Act (BSA), Know Your Customer (KYC), and Sanctions/Office of Foreign Asset Control (OFAC)
Ability to identify issues, risk and escalate to the appropriate party
Full testing lifecycle experience that includes determining scope, designing test scripts, executing tests, identifying and escalating issues and risks, and documenting and reporting results
Issues management, validation and tracking
Experience leading testing engagements, preferably of large scope, while leading other testers and resources
Experience providing "credible challenge" to business partners, when necessary, with the ability to lead through influence
Experience writing reports for senior leadership audience level
Experience in Audit, Compliance, Risk and Testing
Critical Thinking and Analytical skills
One or more of the following certifications is desired:
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)
Job Expectations:
This position is not eligible for Visa sponsorship.
This position offers a hybrid work schedule.
Willingness to work on-site at stated location on the job opening.
Posting Locations:
401 S. Tryon Street - Charlotte, NC
600 S. 4th Street - Minneapolis, MN
1 N. Jefferson Avenue - St. Louis, MO
800 S. Jordan Creek Pkwy - West Des Moines, IA
1150 W. Washington Street - Tempe, AZ
250 E. John Carpenter Freeway - Irving, TX
Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates. $84,000.00 - $149,400.00 Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance
Parental leave
Critical caregiving leave
Discounts and savings
Commuter benefits
Tuition reimbursement
Scholarships for dependent children
Adoption reimbursement
Posting End Date: 12 Oct 2024 * Job posting may come down early due to volume of applicants.
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.
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.