Lead Independent Testing Officer

About this role:

Wells Fargo is seeking a Lead Independent Testing Officer.

This role is in 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. Lead Independent Testing Officer role will provide strategic support & leadership during testing engagements performed by the team.

In this role, you will:

• 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

• The successful candidate will be a team player and a self-starter who is accustomed to working in complex organizations, partnering with a diverse group of stakeholders, and achieving results. Candidates with strong experience in preparing or reviewing regulatory returns including capital adequacy, liquidity coverage, recovery planning etc. are encouraged to apply.

Required Qualifications:

• 10+ 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
• 5+ years of Independent Testing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Knowledge and understanding of financial services industry: compliance, risk management, or audit operations
• A BS/BA degree or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting
• Big four public accounting experience
• 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

Posting End Date:

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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.