About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 20 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. 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.

Market Job Description

Department Overview

The Independent Testing and 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

Works with assigned business units to provide internal control and compliance risk expertise and consulting for projects and initiatives with moderate to high risk to identify, assess and mitigate regulatory risk in business activities as well as developing corrective action plans for deficiencies. Report findings and draft recommendations to compliance risk and business line management. Produce periodic compliance performance reports (i.e. CAR Reports) for senior management.

Responsible for performing risk-based compliance control testing to assure compliance with regulatory requirements and corporate policies applicable to brokerage. These responsibilities will include the support and/or testing for compliance of the Operational Risk and Compliance Testing and Validation Standards and Regulatory Compliance Risk Management Policy and Procedures and will include usage of the Wells Fargo SHRP system. Does not manage other team members.


Work with TV partners and lines of business to perform Compliance testing (BSA/AML/OFAC Financial Crimes) and/or operational risk control testing reviews
  • Execute control testing in an effective manner and contribute to the Planning/Execution/Issue Identification and reporting stages of validation, according to Enterprise Testing & Validation Standards while adhering to the timelines.
  • Exhibit credible challenge and evaluate the design and effectiveness of policies, procedures, processes and internal controls while maintaining professional independence throughout the testing engagement
  • Complete thorough walk-throughs of business area and ensure the control testing results documented within the work papers are clear, concise and factually supported by an evidence
  • Ensure test scripts are designed to fully address regulation /associated risks and conduct transactional testing as needed;
  • Display analytical / problem solving skills and is able to integrate information from multiple sources to identify issues resulting in non-adherence with applicable Compliance regulations
  • Maintain working knowledge of industry events, applicable Regulatory changes (BSA/AML/OFAC/Financial Crimes) and happenings to help better ensure appropriate testing coverage
  • Evaluate issues identified, including root cause, issue severity and communicate them to Line of business.
  • Assesses, document, and communicate emerging risks and identified issues to management in a timely manner and participate in discussions with risk partners.
  • Demonstrate an understanding of the Annual Plan, including an understanding of risks driving targeted reviews as necessary. Provide all required updates on regular basis.
  • Produce periodic compliance performance reports (i.e. CAR Reports) for senior management.
  • May lead reviews to ensure testing activities (RCSA, MR, BPT, Targeted Reviews, Issue Validation) are completed on schedule.
  • Proactively work on remediating schedule issues.

Market Skills and Certifications

Essential Qualifications

  • BBA, B.Com, BBM, M.Com, MBA or equivalent degree (Accounting, Information Systems, Business Management, Finance, Business Administration)
  • 6-8 Years of relevant Experience in Internal Audit, Compliance & Operational Risk Testing, Ops Risk, FCRM and Reg Compliance
  • Experience with risk management tools.
  • Ability to develop and foster partnerships and influence change.
  • Adaptable to a dynamic work environment with multiple priorities and strict timelines and able to organize for responsiveness and efficiency.
  • Proven ability to work within a team environment as well as individual accountability.
  • Experience working knowledge in large complex organizations
  • Understanding of APAC & US banking regulatory requirements
Tools/Systems needed: Microsoft Excel, PowerPoint, Visio, and Word

We Value Diversity

At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate. 66071


At Wells Fargo, we’ve been proudly supporting military veterans and their families for more than 170 years.

We value the leadership, discipline, and skills you’ve gained through your service to our country and recognize the contributions our veteran team members bring to the table. We’re so committed to hiring and retaining military veterans, veterans with disabilities, National Guard members, and Reservists that we’ve made it our goal is to employ 20,000 veterans by 2020.

As a Wells Fargo team member, you’ll find a work culture that is team-oriented, collaborative, structured, and challenging. We support veterans transitioning from military service with a variety of job options, confidential resources, educational information, and career guidance. You may choose to join our Veteran’s Team Member Network, a group of thousands who share an interest in veterans’ matters, and that promotes greater awareness and job development within the veteran community. To learn more about opportunities at our company, please visit wellsfargojobs.com/military. Let’s talk about turning your military experience into a great civilian career.

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