Enterprise Testing Sr Assoc
Wells Fargo
Bengaluru, Karnataka, India
1d ago

About Wells Fargo

Wells Fargo & Company (NYSE : WFC) is a leading global financial services company with $2.0 trillion in assets and offices in over 37 countries.

Founded in 1852 and headquartered in San Francisco, Wells Fargo provides asset management, capital raising and advisory, financing, foreign exchange, payments, risk management, and trade finance services to support customers who conduct business in the global economy.

At Wells Fargo, we want to satisfy our customers’ financial needs and help them succeed financially. We also value the viewpoints of our team members and encourage them to be their best.

Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience.

We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo.

It all begins with outstanding talent. It all begins with you. Learn more at our International Careers website .

Market Job Description

About Enterprise Global Services

Enterprise Global Services (EGS) enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions across Technology, Business Services, Risk Services and Knowledge Services.

EGS operates in Hyderabad, Bengaluru and Chennai in India and in Manila, Philippines. Learn more about EGS at our International Careers website .

Department Overview

The Enterprise Testing 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.

Executes review activities in an effective manner and communicate potential emerging risks appropriately. May serve in either a control script execution and / or review lead capacity, participating in review activity engagements in a matrixed environment, and communicating emerging risks to management.

Completes review activities on schedule. Raises schedule delays to the review activity lead. Escalates any potential issues discovered during the completion of review activities to a review lead, and follows through on reporting, escalation, and resolution.

Completes all documentation under supervision and appropriately retains all work papers, (testing schedule, templates, work-papers, deferrals, deviations, etc.

Supports and implements initiatives with low to moderate risk. Internal interaction with team to support risk oversight and monitoring.

Limited to no external interaction. Works independently; does not manage other team members.

About the Role

Works with assigned business units to provide internal control and compliance risk expertise and consulting for projects and initiatives with moderate to high risk to identify, assess and mitigate regulatory risk in business activities as well as developing corrective action plans for deficiencies.

Report findings and draft recommendations to compliance risk and business line management. Coordinate / leverage certain responsibilities and best practices with other brokerage departments (i.

e. Internal Controls, Compliance Risk) as well as other Wholesale Banking compliance programs (i.e. Wealth, Retirement, etc.

Produce periodic compliance performance reports (i.e. CAR Reports) for senior management.

Responsible for performing risk-based compliance control testing to assure compliance with regulatory requirements and corporate policies applicable to Wholesale Banking & Lending business.

These responsibilities will include the support and / or testing for compliance of the Operational Risk and Compliance Testing and Validation Standards and Regulatory Compliance Risk Management Policy and Procedures and will include usage of the Wells Fargo SHRP system

Market Skills and Certifications

Key Responsibilities :

Working with Wholesale Banking complex lines of business to execute required compliance and operational risk assignments

Responsible for developing, implementing and monitoring a risk-based program to identify, assess and mitigate any operational & compliance risk that arises from inadequate or failed internal processes, people, systems or external events, regulatory requirements while maintaining a balance between risk mitigation and operational efficiency

Execute testing strategies in accordance with Regulatory Compliance Risk Management policies and procedures

Exhibit credible challenge and evaluate the adequacy and effectiveness of policies, procedures, processes and internal controls while maintaining professional independence throughout the testing engagement

Ensuring effective and appropriate testing, validation, and documentation of review activities for risk programs, risks, and controls according to standards and other applicable policies

Completes all documentation under supervision and appropriately retains all work papers, (testing schedule, templates, work-papers, deferrals, deviations, etc.)

Works with assigned business units and provides compliance risk expertise and consulting for projects and initiatives with moderate to high risk

  • Develops testing strategies and methodologies; evaluates the adequacy and effectiveness of policies, procedures, processes, systems and internal controls;
  • analyzes business and / or systems changes to determine impact; identifies and assesses compliance & operational risk issues and assigns risk ratings consistent with established policy standards

  • Consults with business to develop corrective action plans and effectively manage change. Identifies training opportunities;
  • may design / coordinate the development of training materials and delivers training

    Reports findings and drafts recommendations to mitigate risk to operational risk and business line management. Coordinates production of periodic compliance risk performance reports for senior management, including trend analysis and recommended strategies.

    May assist testing project teams and provide guidance to less experience specialists / consultants

    Provide compliance expertise and potential solutions to identified gaps and associated risks to the line of business and Wholesale Banking

    Essential Qualifications

    B.Com, BBM, M.Com, MBA or equivalent degree (Accounting, Information Systems, Business Management, Finance, Business Administration)

    7-9 Years of relevant experience in Internal Audit, Compliance & Operational Risk Testing, Issue & Action Plan Validations

    Experience with risk management tools.

    Ability to develop and foster partnerships and influence change.

    Adaptable to a dynamic work environment with multiple priorities and strict timelines and able to organize for responsiveness and efficiency.

    Proven ability to work within a team environment as well as individual accountability.

    Experience working knowledge in large complex organizations

    Understanding of US banking regulatory requirements

    Tools / Systems needed : Microsoft Excel, Visio, and Word

    Desired Qualifications

    ORM, CIA, CRCM, CRM and / or other relevant certifications would be an added advantage

    We Value Diversity

    At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law.

    We comply with all applicable laws in every jurisdiction in which we operate.

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