Senior Lead Independent Testing Officer – Finance and Accounting

About this role:

The Independent Testing and Validation Team supporting Finance coverage is seeking a Senior Lead Independent Testing Officer with subject matter expertise to support the testing and validation of Finance & Accounting activities including but not limited to COSO/SOX/FDICIA/Broker-dealer reporting requirements, legal entity accounting, recovery/resolution planning and related BCBS 239 requirements.

In this role, you will:

Provide testing support to the testing program through overseeing review activities, identifying and reporting of issues, and validation of corrective actions to ensure regulatory compliance for multiple reviews at once, covering complex risk and control topics.

Leads complex, cross-functional regulatory and audit exams within tight timeframes.

Develops executive-level responses in partnership with Legal, Reg Relations, IRM partners, Audit, front line and others.

Work with assigned business units and provides compliance risk expertise and consulting for projects and initiatives with moderate to high risk to identify, assess and mitigate regulatory risk in all business activities.

Exercise effective communication and promotes positive client relations with business line team members and management.

Facilitate an efficient and valued review process. Ensure Associates and Sr. Associates executing testing thoroughly document and succinctly write test work summaries and review activity reports.

Ensuring issues are identified and documented appropriately and escalates any critical or high-risk issues to appropriate leadership.

Maintain authoritative knowledge and full understanding of laws and regulations, regulatory guidance, policy, and procedures concerning all compliance functions reviewed.

Subject matter expert on testing topics, risk types, line of business process walkthroughs, test results, quality assurance, researching, and issue identification.

Provides transparency through regular status updates to IT&V Senior Leaders, Internal Audit, other internal risk, and line of business stakeholders.

Keep abreast of regulatory changes and issues affecting the testing program.

Required Qualifications:

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

Desired Qualifications:

Experience testing broker-dealer financial regulatory reporting requirements

Knowledge of recovery and resolution planning requirements for GSIBs

Big Four/super regional public accounting firm experience in business process, regulatory, or compliance audits and/or business process, regulatory, or advisory/consulting service

Exposure to bank financial reporting requirements, such as familiarity with legal entity accounting, Broker-dealer capital and bank CCAR related processes

Foundational understanding of Finance and Risk functions and related supervisory expectations for large financial institutions

Strong knowledge of the COSO Framework and Risk & Control Self-Assessment (RCSA) programs

Experience assessing and executing on BCBS 239 requirements

Experience providing reporting and updates to senior level management

Ability to effectively communicate, verbal and written, with various levels of management, including senior leaders and executives

Demonstrated success influencing business units to identify, formulate and implement processes/procedures to mitigate risk

Demonstrated negotiation skills, especially with difficult topics which includes the willingness and ability to question decisions, understand direction and escalate issues, where necessary

Posting Locations:

401 S. Tryon Street – Charlotte, North Carolina

250 E. John Carpenter Frwy – Irving, Texas

600 Wells Fargo – Minneapolis, Minnesota

114 N Beaumont St. Bldg D – Saint Louis, Missouri

1150 W. Washington – Tempe, AZ

800 S. Jordan Creek Pkwy – West Des Moines, Iowa

Job Expectations:

This position currently offers a hybrid work schedule

Ability to work at one of the approved locations in the job posting

Posting End Date:

30 Sep 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 units 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 .

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.

Company: WELLS FARGO BANK

Req Number: R-400507-6

Updated: Thu Sep 26 03:07:36 UTC 2024

Location: WEST DES MOINES,Iowa