Senior Independent Testing Specialist - Financial Crimes

About this role :

We have an exciting opportunity for a Senior Independent Testing Specialist to fill an important role on the Financial Crimes (FC) Commercial Banking (CB) and Corporate Investment Banking (CIB) Testing and Validation Team within Independent Testing and Validation (IT&V).

Learn more about the career areas and lines of business at wellsfargojobs.com .

The FC CB / CIB ITV team is responsible for the execution of financial crimes review activities and issue validations in alignment with the Risk Management Framework and according to standards and applicable policies for the following risk disciplines including BSA / AML, Sanctions, OFAC, and ABC.

This Senior Independent Testing Specialist will execute financial crimes review activities in an effective manner and communicate potential emerging risks appropriately.

They 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.

In this role, you will :

• Complete review activities on schedule, raise schedule delays to the review manager, escalates any potential issues discovered during the completion of review activities to the review manager, and follow through on reporting, escalation, and resolution.
• Responsible for completing all documentation under supervision and appropriately retaining all work papers (testing schedule, templates, work-papers, deferrals, deviations, etc.)
• Lead or participate in moderate to high risk or complex review activities in a matrixed environment and communicate emerging risks to management within Independent Testing
• Contribute to large scale planning related to Independent Testing deliverables
• Review and research moderately complex potential corrective actions, and follow through on reporting, escalation, and resolution
• Ensure effective and appropriate testing, validation, and documentation of review activities for risk programs and controls according to standards and other applicable policies
• Resolve moderately complex issues and lead team to meet Independent Testing deliverables while leveraging solid understanding of risk management framework and the risk and control environment
• Collaborate and consult with colleagues, internal partners, management and lines of business regarding risk management

Required Qualifications, US :

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 :

• Certified Anti-Money Laundering Specialist (CAMS)
• Knowledge of financial crimes legal and regulatory requirements (e.g. BSA / AML, Anti-Bribery, OFAC)
• Subject matter expertise in Financial Crimes US Regulations to execute critical thinking and subjective risk analysis
• Ensure effective and appropriate testing, validation, and documentation of review activities for risk programs, risks, and controls according to standards and other applicable policies within Independent Testing
• Present recommendations for resolving more complex situations and exercise independent judgment while developing expertise in risk management framework and the risk and control environment
• Advanced critical thinking, analytical, and written and verbal presentation skills
• Strong analysis skills to formulate relevant conclusions for Sr. Management and Leadership
• Prior regulatory compliance testing or review experience
• Knowledge and understanding of financial services industry, compliance, and risk management
• Experience reviewing testing strategies and methodologies; evaluating the adequacy and effectiveness of policies, procedures, processes, initiatives, products and internal controls
• Intermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint)
• Ability to take on a high level of responsibility, initiative, and accountability
• Strong critical thinking skills with the ability to challenge the status quo

Job Expectations :

• This position offers a hybrid work schedule.
• No relocation assistance is provided for this job.
• Ability to work at one of the approved locations in the job posting.
• Ability to travel up to 5%.

Posting Locations :

• 401 S. Tryon Street - Charlotte, NC
• 600 S. 4th Street - Minneapolis, MN
• 1 N. 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.

$84,000.00 - $149,400.00

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 : 6 Nov 2024

6 Nov 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 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, 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.