Senior Specialist - Control Testing/Assurance

Wells Fargo
London, United Kingdom
23 Jul 2022
06 Aug 2022
Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
About this role:

Wells Fargo is seeking a Senior Independent Testing Specialist.

In this role, you will:
  • Participate in engagements in a matrixed environment as an individual contributor executing/leading review activities of moderate to high complexity.
  • Possess functional knowledge in procedures, risks, controls, compliance, testing, data analysis, assessment of findings, escalation and reporting, while developing risk acumen.
  • Gain knowledge of engagement review's subject matter (i.e. LOB, Enterprise Function, risk program, etc.), including risk profile.
  • Assess adequacy and effectiveness of policies, procedures, processes, systems, and control environment whilst understanding market/ business/ regulatory changes to determine impact to engagement's plan and scope.
  • Complete/lead assigned testing activities exercising effective quality review behaviors and seeks guidance for areas of ambiguity and/or uncertainty.
  • Perform quality reviews of junior testers' work, as applicable and assigned by supervisor.
  • Escalate potential findings to engagement management, identify potential corrective and remediation actions and follows through on reporting and resolution per procedural guidance.
  • Collaborate internally with appropriate business partners and other IT&V team members in support of engagement's overall review activities in addition to the individual areas of responsibility.
  • Build constructive and effective relationships, exercising effective communication behaviors, and hold yourself accountable for delivering on commitments and renegotiates when needed.
Required Qualifications:
  • 4+ years of Independent Testing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
Desired Qualifications:
  • Proven controls testing or other related experience within an internal audit or other relevant testing function at global financial institutions
  • Good knowledge of front to back activities and key processes pertaining to Corporate and Investment Banking, Commercial Banking and/or Enterprise Functions
  • Good verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy
  • Strong organization skills, prioritization, and time-management skills
  • Demonstrated ability to work independently, self-starter and highly motivated to work in a fast paced and changing environment
  • Ability to multi-task and meet deadlines despite competing priorities
  • Ability to articulate complex concepts in a clear manner
  • A relevant professional certification will be an added advantage
  • Advanced Microsoft Office skills
Job Expectations:
  • Conduct/lead planning and scoping meetings with business stakeholders, partners, SMEs, etc. and draft related memos.
  • Review RCSA risk assessment and other planning information e.g. compliance requirements to identify risks and controls, including shared controls and assist determining engagement scope.
  • Review prior testing and findings completed by IT&V, Internal Audit or regulators to assess impact to engagement's plan and scope.
  • Conduct/lead process walkthroughs and document narratives including key risks, controls, systems and stakeholders.
  • Perform/lead control design effectiveness assessment documenting results.
  • Develop/update test scripts and determine sampling population and methodology for engagement management approval.
  • Execute owned assigned review activities and perform quality reviews of work executed by junior testers as applicable and assigned.
  • Assess findings and escalate/communicate for disposition to engagement management, business, partners and SMEs as applicable, and document per procedural guidance for engagement management approval.
  • Execute individual areas of responsibility according to established schedule timelines and raise delays to engagement management.
  • Facilitate milestone and tollgate meetings throughout review lifecycle.
  • Participate/lead remediation action plans challenge activities ensuring appropriate to effectively address findings.
  • Prepare draft report for assigned areas of responsibility following through on approvals per procedural guidance, and finalizing/distributing report along with ensuring proper retention.
  • Prepare engagement-level reporting and review, obtain required approvals, and distribute to appropriate recipients and stakeholders per procedural guidance for engagement management review.
  • Facilitate the completion and retention of engagement activities documentation and approvals obtained throughout the review lifecycle per procedural guidance.
  • Submit timely, accurate, and complete time entries for assigned testing engagements per established requirements.
  • Track and review established role utilization metrics and ensure adherence to targets.
  • Successfully complete all training and compliance requirements adhering to established due dates and identify opportunities for professional development.
  • Identify and timely escalate at-risk engagements/issues/validations per established timelines and review with IT&V leadership for assessment and development of appropriate course of action.
  • Drive work quality standards and ensure that established Quality Assurance (QA) metrics are tracked and reviewed with IT&V leadership for adherence with targets and assessment for potential operational enhancement.
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 unit's 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, or status as a protected veteran.

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.
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