Assistant Vice President (AVP) / Independent Testing Specialist: Financial Crimes Targeted Risk and Control Evaluation (TRACE) and Data Driven Testing (DDT)
Wells Fargo
About this role:
Wells Fargo is seeking a Lead Independent Testing Officer in Financial Crimes Independent Testing & Validation (IT&V) group within the Corporate Risk organization.
The Wells Fargo Independent Testing and Validation (IT&V) group is responsible for establishing and maintaining a consolidated Annual Testing Plan, developing common methodology and standards, providing governance and oversight, executing testing, and conducting horizontal reviews.
The Financial Crimes IT&V Targeted Risk and Control Evaluation (TRACE) team within the Corporate Risk IT&V organization is the independent risk management testing function for financial crimes risk disciplines including: BSA/AML, Sanctions, OFAC, and Anti-Bribery and Corruption (ABC). Financial Crimes IT&V TRACE is responsible for executing testing and validation in the areas of financial crimes risk to independently evaluate the adequacy and effectiveness of business processes or activities and mitigating controls across the enterprise. TRACE is also responsible for the managing the Financial Crimes Data Driven Testing (DDT) Program.
The Financial Crimes ITV TRACE team is seeking a Lead Independent Testing Officer to execute financial crimes testing and issue validations. The individual will also help support the Financial Crimes IT&V Data Driven Testing program, as needed.
In this role, you will:
Execute testing engagements (e.g. targeted reviews, issue validations) across all lines of businesses and functions in the enterprise (e.g. Wealth and Investment Management, Consumer and Small Business Banking, Consumer Lending, Corporate and Investment Banking, Commercial Banking, etc.) in adherence with ITV policies and procedures - providing guidance and oversight to other ITV team members.
Effective identify opportunities for, set criteria, and execute data driven testing.
Effectively communicate the validation or testing process, status, and results to IT&V leadership, business, and risk partners.
Write and/or review reports or presentations that clearly articulate the results/conclusions of testing, validation, or DDT activities.
Effectively communicate with IT&V, Business, Risk, and other key stakeholder Leadership and escalate concerns or issues as appropriate.
Identify and implement efficiencies and process improvements.
Provide credible challenge and recommendations to Business Leadership and other key cross functional stakeholders.
Actively participate in learning & development opportunities to ensure the use of best-in-class processes and procedures.
Assist in managing change to ensure an effective risk management program.
Foster relationships with teams and collaborate across all other T&V teams effectively.
Contribute to large scale planning related to Independent Testing deliverables.
Review, research, and provide credible challenge to moderate and complex 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, procedures, and tools.
Resolve moderately complex issues and lead team to meet Independent Testing deliverables while leveraging solid understanding of risk management framework, ITV engagement model and the risk and control environment.
Collaborate and consult with colleagues, internal partners, management, and lines of business regarding risk management.
Required Qualifications:
2+ years of Independent Testing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
Desired Qualifications:
2+ years of independent risk and controls testing, Audit, regulatory and risk management experience.
Thorough understanding and knowledge of law, rules and regulations regarding financial crimes including Anti-Money Laundering (AML), Bank Secrecy Act (BSA), Know Your Customer (KYC), and Sanctions/Office of Foreign Asset Control (OFAC) and Foreign Corrupt Practices Act (FCPA).
Experience with automated or data driven testing a plus.
Previous public accounting firm assurance experience.
Ability to identify issues, risk and escalate to the appropriate party.
Full testing lifecycle experience that includes determining scope, designing test scripts, executing tests, identifying, and escalating issues and risks, and documenting and reporting results.
Issues management, validation, and tracking.
Experience executing testing engagements, preferably of large scope with other testers.
Experience providing “credible challenge” to business partners, when necessary.
Effective communicator, both orally and in writing, able to ask well-crafted questions and present ideas in a clear and compelling manner, good listener who engenders creative thinking and teamwork.
Ability to develop and articulate sound proposals to stakeholders and leaders, and an ability to influence and drive timely decision making.
Experience writing reports for senior leadership audience level.
Experience in Audit, Compliance, Risk and Testing.
Excellent Critical Thinking, Analytical skills, and attention to detail
One or more of the following certifications is desired:
Certified Anti-Money Laundering Specialist (CAMS)
Certified Financial Crimes Specialist (CFCS)
Certified Information Systems Auditor (CISA)
Certified Internal Auditor (CIA)
Certified Public Accountant (CPA)
Certified Regulatory Compliance Manager (CRCM)
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.
This position is not eligible for VISA sponsorship.
Ability to travel is up to 5%.
Posting Locations:
401 S Tryon Street – Charlotte, NC
600 S 4th Street, Minneapolis, MN
800 S Jordan Creek Pkwy, West Des Moines, IA
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.
$63,600.00 - $113,000.00Benefits
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 May 2025*Job posting may come down early due to volume of applicants.
We Value Equal Opportunity
Wells Fargo is an equal opportunity employer. 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.
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.
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.