Mar 26, 2020

Enterprise Testing Sr Associate

  • Wells Fargo
  • Salt Lake City, UT, USA
Full-Time Other

Job Description

Job Description
Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as "Personal Cell" or "Cellular" in the contact information of your application.
At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk.
The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.
Within Wells Fargo Compliance, 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.
This Enterprise Testing Senior Associate role will be focused on the development and execution of operational and compliance risk targeted control testing for the Consumer Bank and PVSI lines of business (Auto, Cards, Retail Services, Customer Segments (Personal Lines and Loans, Education Financial Services, Small Business Lending and Payroll), and Treasury Management, Merchant Services and Payment Solutions) within Enterprise Testing's CB & PVSI Products Team. The targeted testing program will encompass testing emerging risks, gaps in our current testing plans, third parties, new regulations, etc. Senior Associates generally work on more complex engagements and are expected to lead testing engagements.
Specific Job Responsibilities include:
  • Evaluate the adequacy and effectiveness of policies, procedures, processes, systems and internal controls; analyze business or system changes to determine impact; identify and assess operational risk issues and assign risk ratings consistent with established policy standards.
  • Design and effectively lead, with little to no supervision, complex testing engagements with moderate to high levels of risk, including scope development, sampling strategies, and testing methodologies. Conduct process walkthroughs, identifying and understanding primary/key controls. Develop effective test plans, execute review activities in an effective manner, accurately evaluate risks, control design and the suite of controls, exhibit appropriate judgment regarding issues, prepare and communicate findings and compliance activity reports.
  • Complete review activities on schedule; look for efficiency opportunities and escalate testing delays as needed.
  • Coordinate the analysis of potential findings identified during testing engagements, including consultation with appropriate subject matter experts, to identify the root cause of issues, review the adequacy of management controls to mitigate risk, and make recommendations as needed.
  • Document workpapers sufficiently and write issues that clearly articulate work performed and results obtained. Present test results in an objective and unbiased manner, and draft opinions reflecting relevant facts that lead to logical conclusions.
  • Ensure issues and recommendations are clearly communicated to business partners, the control executive team, compliance, Enterprise Testing leaders and any other applicable stakeholders based on substantive evidence compiled during the testing engagement.
  • Develop and maintain deep and strong relationships with business partners, control executive team consultants, key stakeholders, all levels of leadership, and other team members. Stay up-to-date with ongoing business process changes, regulatory expectations, customer feedback, etc.
  • Interpret regulations and company policies and their applicability to business processes.
  • Identify key business processes and associated controls and independently develop test plans to evaluate them, including those not captured by current compliance risk assessments or current business process procedures and policies.
  • Act as a subject matter expert regarding testing topics for the Line of Business ("LOB") or LOB functions.
  • Proactively identify potential risks to Wells Fargo based on research of industry news and consent orders.
  • Partner with the Data Analytics team to develop and continuously enhance the use of data analytics and automated testing as a more efficient means of measuring adherence to compliance and operational risk requirements.
  • Elevate the team's quality of work: perform peer-reviews of testing performed to identify opportunities for improvement; review quality assurance feedback and take appropriate actions to address areas requiring attention.
  • Provide guidance to less experienced team members on risk management principles, including evaluating the adequacy and effectiveness of control design and control performance during testing engagements.
  • Assist management with review planning, scheduling, testing strategies, and coverage plan; identify and escalate trends and offer potential solutions.
This position requires superior communication skills, strong analytical skills, and attention to detail. The right candidate will be committed to promoting a collaborative and team oriented environment with a bias to proactively helping manage risks to the bank.

Required Qualifications
  • 5+ years of experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) or 5+ years of financial services industry experience, of which 3+ years must include direct experience in risk management

Other Desired Qualifications
  • Experience in Audit, Compliance, Risk and Testing
  • Critical Thinking and Analytical skills
  • Experience cultivating relationships and collaborating with business partners, legal, compliance
  • Ability to multi-task and meet deadlines despite competing priorities
  • Audit or compliance related certification such as the CPA, CIA, CRCM, etc.
  • Knowledge of risk platforms used at Wells Fargo and experience with testing & monitoring activities

Job Expectations
  • Ability to travel up to 10% of the time

Street Address
NC-Charlotte: 1525 W Wt Harris Blvd - Charlotte, NC
NC-Charlotte: 301 S College St - Charlotte, NC
NC-Charlotte: 301 S Tryon St - Charlotte, NC
SC-Fort Mill: 3480 State View Blvd - Fort Mill, SC
TX-DAL-Downtown Dallas: 1445 Ross Ave - Dallas, TX
TX-Irving: 250 E John Carpenter Freeway - Irving, TX
CO-Denver: 1700 Lincoln St - Denver, CO
IA-Des Moines: 800 Walnut St - Des Moines, IA
IA-West Des Moines: 7001 Westown Pkwy - West Des Moines, IA
MN-Minneapolis: 600 S 4th St - Minneapolis, MN
AZ-PHX-Central Phoenix: 100 W Washington St - Phoenix, AZ
AZ-PHX-Northwest Phoenix: 11601 N Black Canyon Hwy - Phoenix, AZ
AZ-Chandler: 2600 S Price Rd - Chandler, AZ
AZ-Tempe: 1150 W Washington St - Tempe, AZ
OR-Portland: 1300 Sw 5th Ave - Portland, OR
NC-Raleigh: 1100 Corporate Center Dr - Raleigh, NC
UT-Salt Lake City: 1095 E 2100 S - Salt Lake City, UT
TX-San Antonio: 4101 Wiseman Blvd - San Antonio, TX
MO-Saint Louis: 1 N Jefferson Ave - Saint Louis, MO
PA-Philadelphia: 101 N Independence Mall E - Philadelphia, PA
SD-Sioux Falls: 4811 N 4th Ave - Sioux Falls, SD


All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.





Security Clearance

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