Independent Testing Specialist - Risk & Control, Operational Risk Management, Wells Fargo

Wells Fargo

Location:
India, Bengaluru

Category:
Finance

Contract Type:
Not provided

Salary:

Not provided

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Job Description:

Wells Fargo is seeking an Independent Testing Specialist to participate in the development and design of methodologies and standards for review activities companywide in alignment with the risk management framework. The role involves ensuring effective testing, validation, and documentation of review activities for risk programs, risks, and controls according to standards and other applicable policies within Independent Testing. The specialist will support and implement less complex initiatives with low to moderate risk and exercise independent judgment to guide risk reporting, escalation, and resolution. The role also includes collaborating and consulting with colleagues, internal partners, and management.

Job Responsibility:

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
Be a Risk Manager for the firm
demonstrating good knowledge and understanding of the Risk taxonomies and how IT&V form an integral part of the firms Risk program
Execute group-specific control testing in accordance with T&V methodology and standards, including assessments of design and operating effectiveness
Participate in less complex development and design of methodologies and standards for review activities companywide in alignment with the risk management framework
Participate as a tester on reviews of varied complexity and regulatory risk exposure
Evaluate the adequacy and effectiveness of policies, procedures, initiatives, and internal controls
Thoroughly document test work and reports
Identify issues and communicate/consult with various levels of management to ensure corrective actions address root cause and meet corporate sustainability requirement
Maintain authoritative knowledge and full understanding of laws and regulations, regulatory guidance, policy and procedure concerning all compliance functions reviewed
Present recommendations for resolving more complex situations and exercise independent judgment while developing expertise in risk management framework and the risk and control environment
Testing practices will include: operational control testing, and corrective action validations
Collaborate and consult with colleagues, internal partners and management

Requirements:

2+ years of Independent Testing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Control testing or other related experience gained within an internal audit or other relevant risk function
Degree educated desirable
Interpersonal communication (written and presentation) skills are essential
Organizational, prioritization and time-management skills
Track record of working collaboratively across multiple business lines is required
Flexibility / Initiative – ability to manage multiple requests for information and handle confidential and sensitive information in a professional manner in a fast-paced deadline driven environment
Analytical with experience in collecting and analyzing information on various subjects
Microsoft Excel, Access, Word, PowerPoint, and other reporting tools
Experience in Audit, Compliance, Risk and Testing
Critical Thinking and Analytical skills

Nice to have:

Degree educated desirable
Interpersonal communication (written and presentation) skills are essential
Organizational, prioritization and time-management skills
Track record of working collaboratively across multiple business lines is required
Flexibility / Initiative – ability to manage multiple requests for information and handle confidential and sensitive information in a professional manner in a fast-paced deadline driven environment
Analytical with experience in collecting and analyzing information on various subjects
Microsoft Excel, Access, Word, PowerPoint, and other reporting tools
Experience in Audit, Compliance, Risk and Testing
Critical Thinking and Analytical skills

What we offer:

Equal opportunity employer
Accommodation for applicants with disabilities is available upon request in connection with the recruitment process

Additional Information:

Job Posted:
May 01, 2025

Expiration:
May 08, 2025

Employment Type:

Fulltime

Work Type:

On-site work

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Independent Testing Specialist - Risk & Control, Operational Risk Management