Job Description

Job Title / Designation: Independent Testing Manager - Enterprise Functions Finance



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.



Department Overview



The Independent Testing & Validation 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.



About the Role



This role is in the Enterprise Functions - Finance within Independent Testing & Validation (IT&V). This centralized team operates as a second line of defense to key Finance processes and major requirements. The team is an integral part of the Company's control environment and provides credible challenge to relevant participants in the reporting processes and has enterprise-wide exposure to lines of business, internal audit, regulatory and risk reporting stakeholders.



Independent Testing Manager role will provide strategic support for leads and testers by gathering requirements and delivering data needs and detailed analysis for their organization.



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Responsibilities of the Independent Testing Manager role include, but are not limited to:• Manage a team of managers or leads and testers in cross-functional teams in accomplishing goals and priorities.
• Develop and design methodologies and standards for review activities across the Enterprise in alignment with the Risk Management Framework
• Ensure effective and appropriate testing, validation, and documentation of review activities for risk programs, risks, and controls according to standards and other applicable policies.
• Build and lead a high-performing team of testing and validation professionals with subject matter expertise in financial institution finance functions, including but not limited to financial planning & analysis, cost allocations, stress testing, product control and pricing, international business/regional reporting, Treasury support activities, SEC and regulatory reporting, and internal control frameworks for financial reporting.
• Lead complex initiatives executing moderate to high risk or complex review activities and engagements in a matrixed environment.
• Develop, maintain, and execute the Annual Plan, and ensure the Plan includes targeted reviews as necessary, based on risk. Provide all required updates throughout the year accurately and timely. Ensure that the plan meets any internal past due benchmarks.
• Communicate emerging risks with broad impact and act as key participant in large scale planning for Independent Testing
• Assess, document, and communicate emerging risks, themes and identified issues to leadership and risk partners in a timely manner
• Ensure issues are identified and documented
• Identify potential corrective actions, and follows through on reporting, escalation, and resolution
• Perform moderate to high risk quality reviews
• Ensure plan includes targeted reviews based on risk and meets internal past due benchmarks
• Lead moderate to high risk or complexity review activity engagements
• Escalate any critical or high risk issues to appropriate leadership
• Manage communication and collaboration with business heads, Legal, Audit, and regulators on risk related topics
• Provide status updates to key stakeholders on programs and specific reviews where warranted
• Manage allocation of people and financial resources for Independent Testing
• Mentor and guide talent development of direct reports and assist in hiring talent

Required Qualifications • 4+ years of experience in Independent Testing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• 2+ years of Leadership experience
• Strong experience in risk management (includes external/internal audit, compliance, operational risk, interest rate risk, credit risk, market risk)

Desired Qualifications • Extensive knowledge and understanding of financial services industry: compliance, risk management, or audit operations.
• Foundational understanding of Finance functions and related supervisory expectations for large financial institutions
• A BS/BA degree or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting
• A Master of Business Administration (MBA), Chartered Accountant (CA), or a Certified Public Accountant (CPA) designation
• Strong knowledge of the COSO Framework and Risk & Control Self-Assessment (RCSA) programs
• Exposure to bank financial reporting requirements, such as familiarity with CCAR related processes
• Excellent verbal, written, and interpersonal communication skills.
• Strong organization and prioritization skills
• Strong strategic, critical thinking & analytical skills with high attention to detail and accuracy
• Demonstrated ability to manage conflict and provide quick and well-thought through decisions.
• Demonstrated ability to establish strong working relationship with key partners and senior management.
• 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.
• Articulate, poised and comfortable in direct interaction with senior lines of business partners, Compliance, Independent Risk Management, and Internal Audit.
• Intermediate to Advanced Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
• Knowledge of Python or SAS programming and data manipulation using SQL
• Knowledge of model design and performance, Good to have working experience on Toad, Python, VBA

OTHER DESIRED QUALIFICATIONS: • Big Four or public accounting firm experience in business process, regulatory, or compliance audits and/or business process, regulatory, or advisory/consulting service
• Demonstrated success with influencing business units to identify, formulate and implement processes/procedures to mitigate risk
• Demonstrated negotiation skills, especially with difficult topics when partnering with lines of business and technology. This includes the willingness and ability to question decisions, understand direction and escalate issues, where necessary
• Assess, document, and communicate emerging risks, themes and identified issues to leadership and risk partners in a timely manner.
• Ensure issues are identified and documented. Identify potential corrective actions, and follows through on reporting, escalation, and resolution.
• Manage communication and collaboration with Business heads, Legal, Audit, and regulators on risk related topics.
• Make decisions in complex situations requiring solid understanding of risk management framework and the overall risk and control environment that influence and lead enterprise testing to meet deliverables and drive new initiatives.
• Provide guidance on key scoping decisions including those tied to high-risk items or targeted reviews associated risk levels.
• Provide thoughtful credible challenge internally and to LOBs, cross-enterprise and across other corporate risk programs.
• Own accountability for ongoing updates to key business stakeholders on the status of the program and potentially on specific reviews where warranted.
• Partner closely with Control Executive stakeholders to ensure Annual Plan is well-aligned with front line Risk & Control Self-Assessment (RCSA) activities, as well as CCAR CFO Attestation and COSO program activities for financial reporting risk.
• Develop and lead a high-performing team that maintains a strong risk culture that identifies and provides oversight and escalation of existing and emerging compliance and operational risk issues.
• Provide status updates to key stakeholders on programs and specific reviews where warranted.
• Manage allocation of people and financial resources for Independent Testing.
• Mentor and guide talent development of direct reports and assist in hiring talent.
• Identifying and implementing efficiencies and process improvements, including automation opportunities pertaining to metrics and reporting.

Posting End Date:


30 Jul 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.



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.



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.