Independent Testing Director – Financial Crimes Consumer and Small Business Banking

About this role:

Wells Fargo is seeking an Independent Testing Director within 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 Testing Director will be responsible for the successful Independent Testing, validation and reporting efforts that align to the Financial Crimes Consumer and Small Business Banking (CSBBC) testing portfolio. Leads a team of testing professionals. Accountable for the creation and maintenance of an ongoing testing schedule, ensure timely completion of engagements with the appropriate delivery of results to all relevant stakeholders.

In this role, you will:

Manage a team from cross-functional managers in accomplishing group strategic priorities.

Develop and design methodologies and standards for review activities across the Enterprise 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.

Oversee development and design of methodologies and standards for companywide testing.

Ensure effective and appropriate staffing levels and testing inventory for risk programs, risks, and controls.

Lead Independent Testing team to evaluate effectiveness of controls and business processes to manage and mitigate risk and assess effectiveness of completed corrective actions.

Oversee programs or initiatives related to a line of business or an Enterprise strategy with considerable impact across the Enterprise and externally.

Take ownership of line of business or regional programs to ensure effective, efficient and accurate testing and validation.

Serve as primary interface and represent with corporate, business heads, Legal, Audit, regulators, industry partners, stakeholders, elected officials and trade groups on risk related topics.

Manage allocation of people and financial resources for Independent Testing.

Develop and guide a culture of talent development to meet business objectives and strategy.

Required Qualifications:

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

4 years of Management experience.

Desired Qualifications:

8 years of experience in risk management (includes compliance, operational risk, audit, legal, IT systems security, business process management) or 8 years of financial services industry experience, of which 8 years must include direct experience in risk management and 4 years of management experience.

Independent control testing, Audit, regulatory and risk management experience.

Knowledge of Financial Crimes laws, rules and regulations related to Anti-Money Laundering (AML), Bank Secrecy Act (BSA), Know Your Customer (KYC), Anti-Bribery and Corruption, and Sanctions/Office of Foreign Asset Control (OFAC).

Extensive experience designing and executing enterprise testing and validation programs, including the development of consistent standards and testing methodologies for compliance and operational risk testing.

Expert-level knowledge of industry standards and best practices around monitoring, testing, assurance and risk management processes.

Strong analytical, critical thinking and problem-solving skills, coupled with an ability to translate ambiguous ideas/issues into well-defined plans/solutions with a track-record for delivering results.

Proven ability to cultivate relationships and collaborate with multiple stakeholders and constituencies, including business leaders, legal, audit and multiple U.S. and non-U.S. regulators.

Experience managing large, multi-layer teams.

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

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

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.

$173,300.00 – $359,900.00

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 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.

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-399667-2

Updated: Tue Oct 08 02:21:59 UTC 2024

Location: IRVING,Texas