The Wells Fargo invited applications for the post Independent Testing Manager – Internal Audit & Control Testing.
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Qualification
- 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
- 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
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Responsibilities
- 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.
- 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
- Identify potential corrective actions, and follows through on reporting, escalation, and resolution
- Perform moderate to high risk quality reviews
- Lead implementation of complex and strategic initiatives with moderate risk and complexity
- 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
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JOB LOCATION: HYDERABAD
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