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Wells Fargo is seeking a Lead Independent Testing Officer to provide strategic support and leadership during testing engagements performed by the Regulatory Reporting Incremental Compliance (RRIC) team. This role is crucial for ensuring effective and appropriate testing, validation, and documentation of review activities for risk programs, risks, and controls, aligning with the Risk Management Framework and BCBS 239 requirements.

Requirements

• 5+ years of Independent Testing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• 5+ years of relevant experience in regulatory reporting and risk management includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management).
• 5+ years must include direct experience in regulatory reporting and testing.
• Knowledge and understanding of regulatory reporting e.g. Federal Reserve, Financial Conduct Authority, OCC, SEC etc.
• Knowledge and understanding of regulatory compliance requirements surrounding SOX Sarbanes-Oxley Act.
• Specialized knowledge or prior regulatory compliance 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.

Responsibilities

• Lead complex initiatives executing moderate to high risk or complex review activities and engagements in a matrixed environment.
• Develop and design methodologies and standards for review activities across the enterprise in alignment with the risk management framework.
• Review and research 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.
• Make decisions in complex situations requiring solid understanding of risk management framework and the risk and control environment that influence and lead enterprise testing to meet deliverables and drive new initiatives.
• Executing substantive testing including end-to-end transaction & non-transaction testing of regulatory and risk reports.
• Leading and supporting efforts to credibly challenge risks in the end-to-end regulatory reporting processes and effectively evaluate controls to mitigate those risks.

Other

• Communicate emerging risks with broad impact and act as key participant in large scale planning for Independent Testing.
• Collaborate and consult with Audit, Legal, external agencies, and regulatory bodies to resolve risk related topics.
• Lead project teams and mentor individuals.
• Timely completion of testing engagements in accordance with annual test plan.
• Documenting test results and issues identified while also providing and communicating recommendations to management.