Wells Fargo

Independent Testing Director

Wells Fargo • $130K — $180K *
Minneapolis, MN 55407In-Person
Finance & Insurance
8 - 10 years of experience
Reposted Today
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Job Overview by Ladders

Qualifications

  • 8+ years of Independent Testing experience with at least 4+ years in management roles
  • Extensive background in risk management including compliance, financial crimes, operational risk, and related areas
  • Proven expertise in designing and executing enterprise-wide testing and validation programs
  • Deep understanding of financial crimes regulations such as AML, KYC, OFAC, and FCPA
  • Demonstrated ability to engage with key stakeholders including corporate leaders, legal, audit, and regulators
  • Experience leading cross-functional teams through complex change and ambiguity
  • Relevant professional certifications (e.g., CAMS, CFCS, CISA, CIA, CPA, CRCM, CRCMP, CRP) are highly valued

Responsibilities

  • Manage a team of cross-functional managers to achieve strategic testing priorities
  • Develop and standardize methodologies and review frameworks aligned with the Risk Management Framework
  • Ensure effective testing, validation, and documentation of risk programs and controls
  • Oversee resource allocation and staffing to maintain optimal testing inventories
  • Lead the evaluation of controls and business processes to mitigate and manage risk
  • Liaise with corporate stakeholders, regulators, and industry partners on risk-related matters
  • Cultivate a culture of talent development and maintain high standards of quality in deliverables

Benefits

  • Emphasizes a workplace culture of diversity, equity, and inclusion
  • Supports accommodations for applicants with disabilities during the recruitment process
  • Operates in a drug-free workplace environment as outlined in the company policy
Full Job Description
About this role:

Wells Fargo is seeking an Independent Testing Director...

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, US:
  • 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:

  • Extensive experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, business process management) including expert level in financial services industry experience, of which must include direct experience in risk management.
  • Extensive knowledge on Financial Crimes areas including anti-money laundering (AML), Know Your Customer (KYC), Sanctions/Office of Foreign Asset Control (OFAC) and Foreign Corrupt Practices Act (FCPA).
  • 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, including RCSA.
  • Experience supporting large complex business processes and initiatives across diverse lines of business within a bank or financial institution, products and services.
  • Understanding of law, rules and regulations regarding Financial Crimes that are integral and impacting the lines of business and products and services in scope.
  • Expert-level knowledge of industry standards and best practices around monitoring, testing, assurance, and risk management processes, especially Financial Crimes related processes.
  • Mature understanding of the ever-evolving governance and regulatory environments.
  • Organizational courage and willingness to make tough, informed decisions and thoughtfully share independent perspectives and experiences.
  • 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.
  • Effective communicator, both orally and in writing, able to ask well-crafted questions and present ideas in a clear and compelling manner, good listener who engenders creative thinking and teamwork.
  • Ability to develop and articulate sound proposals to key stakeholders, and an ability to influence and drive timely decision making.
  • 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.
  • Proven ability to build and lead high-performing teams, ensuring proper staffing and expertise, and manage the establishment of major policies and relevant compliance programs across major business divisions within a large and complex organization.
  • Skilled in anticipating change, adjusting behavior to effectively handle rapid change, and the ability to adjust behavior to remain resilient through ambiguity or setbacks.
  • Experience in leading others through change in order to proactively adapt.
  • Adaptable to new methods, tools, and technology
  • Ethical integrity and proven ability to serve as a role model by reinforcing and demonstrating to your employees the core values and behavioral expectations contained in Wells Fargo's Vision, Values & Goals.
  • Certified Anti-Money Laundering Specialist (CAMS)
  • Certified Financial Crimes Specialist (CFCS)
  • Certified Information Systems Auditor (CISA)
  • Certified Internal Auditor (CIA)
  • Certified Public Accountant (CPA)
  • Certified Regulatory Compliance Manager (CRCM)
  • Certified Risk and Compliance Management Professional (CRCMP)
  • Certified Risk Professional Program (CRP) For Testing and Validation Positions Only


Job Expectations:
  • Duties will include but are not limited to:
  • Lead a high-performing team of testing and validation professionals with subject matter expertise in varying functions performed throughout the LOBs.
  • Support development and maintenance of the Annual Test Plan, and escalate any delays, at-risk or past due reviews with engagement leadership.
  • Provide governance and oversight for engagement planning, execution and reporting, and own stakeholder communications.
  • Oversee consultations with key front line and second line stakeholders to understand business/control environment, emerging risks, and issue trends.
  • Ensure teams execute testing and validation in an effective manner with high
  • Manage allocation of people to ensure adherence to role utilization targets
  • Oversee engagement execution, issues disposition, and action plan challenge activities providing support and guidance to the engagement team.
  • Provide thoughtful credible challenge internally and to lines of business, cross-enterprise and across other corporate risk programs.
  • Conduct detailed work-paper documentation reviews to ensure that quality standards are met and provide for an effective audit trail.
  • Instill and maintain focus on execution quality producing deliverables within minimal rework and ownership and pride of work product output.
  • Deliver ongoing updates to key business stakeholders on the status of the program and on specific reviews.
  • Review and approve engagement-level reporting, communications, and oversee appropriate distribution, retention, and archival in accordance with IT&V Standards and Procedures.
  • As an Employee Manager, you are expected to achieve success by leading yourself and your team. Specifically, you will:
  • Lead your team with integrity and create an environment where your employees feel included, valued, and supported.
  • Accomplish management responsibilities which include sourcing and hiring talented employees, providing ongoing coaching and feedback, recognizing, and developing employees, identifying, and managing risks, and completing daily management tasks.

About Wells Fargo

Wells Fargo Careers

Joining Wells Fargo means becoming part of a distinguished financial institution that has been a cornerstone of innovation and leadership in the banking industry. At Wells Fargo, we offer a plethora of job opportunities designed to empower your career growth and development in a diverse and inclusive environment.

Work You’ll Do

At Wells Fargo, you will be part of a team that values diversity and is committed to fostering an inclusive culture. We are looking for professionals who are eager to drive innovation and lead with integrity. Our employees are our greatest asset, and we invest in their professional growth through comprehensive leadership and diversity training programs that are recognized industry-wide.

Explore a Multitude of Career Paths

Whether you're interested in a position in finance, IT, customer service, or management, Wells Fargo has career opportunities in various fields. Our team members benefit from job stability, competitive benefits, and a culture that values and rewards performance and dedication.

Internship Programs

Kickstart your career with a Wells Fargo internship. Our programs provide invaluable industry exposure, professional skills development, and networking opportunities that often lead to full-time employment offers. Interns at Wells Fargo work on real projects, solve actual challenges, and gain the mentorship of seasoned professionals.

Professional Growth and Development

We believe in nurturing the potential of our employees. Wells Fargo offers robust training programs and resources to help every team member excel in their current roles and prepare for future challenges. Growth at Wells Fargo is not just about climbing the career ladder but expanding your skills and expertise to add value to our team and customers.

Benefits and Rewards

Wells Fargo is committed to the well-being of our team members. We offer a comprehensive benefits package that includes health care, retirement plans, and generous paid time off. Additionally, we provide unique perks like employee discounts, adoption assistance, and tuition reimbursement.

Join Our Team

Discover the opportunities waiting for you at Wells Fargo by exploring open positions that match your skills and interests. We are continuously hiring and looking for individuals who bring creativity, passion, and a drive to serve our customers.

Stay Connected

Keep up to date with the latest from Wells Fargo Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that align with your career preferences and get insider tips on crafting the perfect resume and acing your interview.

Networking and Innovation

At Wells Fargo, networking and innovation go hand in hand. We encourage our employees to connect across departments and roles to foster new ideas and strategies that lead to groundbreaking solutions.

Empower Your Career

Step into a role at Wells Fargo where your skills will be honed, your achievements recognized, and your career can flourish. We're not just filling positions; we're building leaders who are equipped to navigate the complexities of the financial world. Join Wells Fargo today and be part of a team that’s redefining the future of banking.
Learn more about Wells Fargo
Size
246,577 employees
Market Cap
$155.2 billion
Industry
Finance & Insurance
Net Income
$3.3 billion
Founded
1852
5 Year Trend
-5.9%
NASDAQ
WFC
* Ladders Estimates

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