Lead Independent Testing Officer - Regulatory Reporting Incremental Compliance

About this role:

Wells Fargo is seeking a Lead Independent Testing Officer in Independent Testing & Validation (IT&V) as part of Corporate Risk. Learn more about the career areas and lines of business at wellsfargojobs.com .

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.

The Regulatory Reporting Incremental Compliance (RRIC) team within Independent Testing & Validation (IT&V). RRIC is a centralized team, operates as a second line of defense over the regulatory and risk report production processes subject to BCBS 239 requirements. The team is an integral part of the Company's control environment and provides credible challenge to relevant participants in the reporting processes. RRIC has enterprise-wide exposure to lines of business, regulatory and risk reporting stakeholders as well as the external financial reporting and regulatory reporting infrastructures and frequently coordinates with internal audit. The Lead Independent Testing Officer role will provide strategic support & leadership during testing engagements performed by the team.

• Lead complex initiatives executing moderate to high risk or complex review activities and engagements in a matrixed environment.
• Communicate emerging risks with broad impact and act as key participant in large scale planning for Independent Testing.
• Develop and design methodologies and standards for review activities across the enterprise in alignment with the risk management framework.
• Review and research complex development and design of methodologies and standards for review activities companywide in alignment with the risk management framework.
• Ensure effective and appropriate testing, validation, and documentation of review activities for risk programs, risks and controls.
• Make decisions in complex situations requiring solid understanding of risk management framework and the risk and control environment that influence and lead enterprise testing to meet deliverables and drive new initiatives.
• Collaborate and consult with Audit, Legal, external agencies, and regulatory bodies to resolve risk related topics.
• Lead project teams and mentor individuals.
• Timely completion of testing engagements in accordance with annual test plan.
• Executing substantive testing including end-to-end transaction & non-transaction testing of regulatory and risk reports.
• Leading and supporting efforts to credibly challenge risks in the end-to-end regulatory reporting processes and effectively evaluate controls to mitigate those risks.
• Documenting test results and issues identified while also providing and communicating recommendations to management.
• Reviewing and interpreting new and revised corporate and IT&V policies and procedures and assess impacts.
• Building relationships and collaborating with key stakeholders in the applicable line of business, other second and third line functions, and IT&V functions.
• Identifying and implementing efficiencies and process improvements, including automation opportunities pertaining to metrics and reporting.

• 5+ years of Independent Testing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

• 5+ years of relevant experience in regulatory reporting and risk management includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management).
• 5+ years must include direct experience in regulatory reporting and testing.
• Knowledge and understanding of financial services industry: compliance, risk management, or audit operations.
• Big four public accounting experience.
• Chartered Accounting experience.
• A BS/BA degree or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting.
• A Master of Business Administration (MBA) or a Certified Public Accountant (CPA) designation.
• Knowledge and understanding of regulatory reporting e.g. Federal Reserve, Financial Conduct Authority, OCC, SEC etc.
• Knowledge and understanding of regulatory compliance requirements surrounding SOX Sarbanes-Oxley Act.
• Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment.
• Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important.
• Specialized knowledge or prior regulatory compliance testing or review experience.
• 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.
• Intermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint).
• Ability to present results of analyses and recommendations to senior leaders or executives.
• Experience supporting Regulatory Exams (Domestic and Int'l), Audits, or other regulatory reporting related assessments.
• Strong critical thinking and analytical skills with high attention to detail and accuracy.
• 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 technology. This includes the willingness and ability to question decisions, understand direction and escalate issues, where necessary.

• 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.

• 401 S Tryon Street - Charlotte, NC
• 600 S 4th Street, Minneapolis, MN
• 1N 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

• 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