What are the responsibilities and job description for the Independent Testing Specialist - Wealth and Investment Management (WIM) position at Wells Fargo?
About This Role
Wells Fargo is seeking an Independent Testing Specialist in Independent Testing & Validation (IT&V) as part of Corporate Risk. Learn more about the career areas and lines of business at wellsfargojobs.com .
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.
The Wealth and Investment Management (WIM) Testing & Validation team is seeking an Independent Testing Specialist with the Investment Solutions, Advice & Planning, and WIM CAO Team to support testing activities. The Independent Testing Specialist will be accountable for developing and executing independent control testing over operational and compliance risks. Testing review activities are performed and results are documented in templates and systems of record based on applicable policies, standards, and guidance documentation. The testing process may involve conducting and documenting walk-throughs of controls, developing test scripts and determining the appropriate artifacts for sampling to assess the design and operating effectiveness of the control(s). The right candidate will be responsible for evaluations of controls to ensure identification of control deficiencies, providing insight into emerging risks while operating in a very dynamic manner, and connecting and building relationships with key partners. This role requires attention to detail, strong organizational skills, communication skills and the ability to collaborate with stakeholders across the business group or Enterprise.
In This Role, You Will
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 - $113,000.00
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.
18 Feb 2025
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
R-434014-4
Wells Fargo is seeking an Independent Testing Specialist in Independent Testing & Validation (IT&V) as part of Corporate Risk. Learn more about the career areas and lines of business at wellsfargojobs.com .
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.
The Wealth and Investment Management (WIM) Testing & Validation team is seeking an Independent Testing Specialist with the Investment Solutions, Advice & Planning, and WIM CAO Team to support testing activities. The Independent Testing Specialist will be accountable for developing and executing independent control testing over operational and compliance risks. Testing review activities are performed and results are documented in templates and systems of record based on applicable policies, standards, and guidance documentation. The testing process may involve conducting and documenting walk-throughs of controls, developing test scripts and determining the appropriate artifacts for sampling to assess the design and operating effectiveness of the control(s). The right candidate will be responsible for evaluations of controls to ensure identification of control deficiencies, providing insight into emerging risks while operating in a very dynamic manner, and connecting and building relationships with key partners. This role requires attention to detail, strong organizational skills, communication skills and the ability to collaborate with stakeholders across the business group or Enterprise.
In This Role, You Will
- Participate in less complex development and design of methodologies and standards for review activities companywide 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 within Independent Testing.
- Support and implement less complex initiatives with low to moderate risk and exercise independent judgment to guide risk reporting, escalation, and resolution.
- Present recommendations for resolving more complex situations and exercise independent judgment while developing expertise in risk management framework and the risk and control environment.
- Collaborate and consult with colleagues, internal partners and management.
- 2 years of Independent Testing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
- Minimum 2 years of experience in audit, risk, or compliance testing.
- Experience in risk management, control testing, issue identification and validation, compliance, operational risk, internal audit, business process management, risk and control self-assessment, financial crimes etc.).
- Public Accounting experience or Big 4 accounting firm experience a plus.
- Knowledge and understanding of financial services industry: compliance, risk management, or audit operations.
- Full testing lifecycle experience that includes determining scope, designing test scripts, executing tests, identifying and escalating issues and risks, and documenting and reporting results.
- Excellent verbal, written, and interpersonal communication skills.
- Ability to meet stringent deadlines with strong organization and prioritization skills.
- Ability to take on a high level of responsibility, initiative, and accountability.
- Strong relationship management skills; ability to negotiate difficult positions without harming relationships.
- Analytics experience with either of the following: SQL, SAS, Python.
- Experience with other analytics, business intelligence, or database management tools such as Toad, DAX, Microsoft Power platform, or Alteryx is a plus.
- Experience gathering, analyzing, and interpreting large datasets; ability to retrieve data from various information systems.
- Strong analytical skills with high attention to detail and accuracy.
- Ability to research trends and analyze data.
- This position is not eligible for Visa sponsorship.
- This position offers a hybrid work schedule.
- Willingness to work on-site at stated location on the job opening.
- 401 S Tryon Street - Charlotte, NC
- 600 S 4th Street, Minneapolis, MN
- 1N 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.
$63,600.00 - $113,000.00
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
18 Feb 2025
- Job posting may come down early due to volume of applicants.
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
- Third-Party recordings are prohibited unless authorized by Wells Fargo.
- Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
R-434014-4
Salary : $63,600 - $113,000
