Job Information
Wells Fargo Independent Testing Specialist - Business Process Control Testing, in Hyderabad, India
About the Role
Wells Fargo is seeking a Independent Testing Specialist.
This role is in the Corporate Risk within Independent Testing & Validation (IT&V). This is a centralized team, operates as a second line of defense key Corporate Risk processes and major requirements. The team is an integral part of the Company’s control environment and provides credible challenge to relevant participants in the reporting processes. This team has enterprise-wide exposure to lines of business, regulatory and risk reporting stakeholders as well as internal audit.
In this role, you will:
Participate in less 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 according to standards and other applicable policies within Independent Testing
Support and implement less complex initiatives with low to moderate risk and exercise independent judgment to guide risk reporting, escalation, and resolution
Present recommendations for resolving more complex situations and exercise independent judgment while developing expertise in risk management framework and the risk and control environment
Collaborate and consult with colleagues, internal partners and management
Required Qualifications
- 2+ years of Independent Testing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications
Relevant experience risk & control evaluation through design and performance testing and risk management (includes model risk, compliance, financial crimes, operational risk, internal audit, legal, credit risk, market risk, business process management)
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
Ability to take on a high level of responsibility, initiative, and accountability
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 Model Risk, EUCT governance, Market Risk, Credit Risk, Operational Risk, Enterprise Risk Management 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
Experience creating, executing, and documenting compliance, control, and business process testing
Intermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint)
Experience supporting Regulatory Exams and Audits
Strong critical thinking skills with ability to credibly challenge status quo
Strong organization and prioritization skills
Strong relationship management skills; ability to negotiate difficult positions without harming relationships
Job Expectations:
May serve in either a testing execution and/or lead capacity, participating in testing engagements in a matrixed environment, and communicating emerging risks to management
Supporting efforts to effectively challenge risks in the end-to-end reporting processes and evaluate controls designed to mitigate those risks
Partnering with business partners to understand the environment and related initiatives to develop appropriate and complementary testing procedures
Executing testing requirements with supervision
Documenting test results and timely escalation of exceptions identified
Providing credible challenge as needed
Acting as a change agent for continual improvement of the control environment
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 experience in Model Risk, EUCT governance, Market Risk, Credit Risk, Operational Risk, Enterprise Risk Management, Controls testing, are encouraged to apply.
May serve in either a testing execution and/or lead capacity, participating in testing engagements in a matrixed environment, and communicating emerging risks to management
Supporting efforts to effectively challenge risks in the end-to-end reporting processes and evaluate controls designed to mitigate those risks
Partnering with business partners to understand the environment and related initiatives to develop appropriate and complementary testing procedures
Executing testing requirements with supervision
Documenting test results and timely escalation of exceptions identified
Providing credible challenge as needed
Acting as a change agent for continual improvement of the control environment
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 experience in Model Risk, EUCT governance, Market Risk, Credit Risk, Operational Risk, Enterprise Risk Management, Controls testing, are encouraged to apply.
Posting End Date:
24 Apr 2025
*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.
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.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo (https://www.wellsfargojobs.com/en/diversity/disability-inclusion/) .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy (https://www.wellsfargojobs.com/en/wells-fargo-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.
Req Number: R-449766