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Internal Controls Testing Officer

Wells Fargo
London, United Kingdom
Closing date
Mar 25, 2023

View more

Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
About this role:

Wells Fargo is seeking a Internal Controls Testing Officer..

In this role, you will:
  • Conduct/lead planning and scoping meetings with business stakeholders, partners, SMEs, etc. and draft related memos.
  • Review RCSA risk assessment and other planning information to identify risks and controls, including shared controls, and EBCEs.
  • Research compliance requirements for MREs, understand key associated risks and controls, and assist determining engagement scope.
  • Review prior testing and findings completed by IT&V, Internal Audit or regulators to assess impact to engagement's plan and scope.
  • Send communication to notify business, Corp. Risk, IT&V stakeholders of engagement.
  • Prepare documentation requests from business stakeholders in support of engagement execution.
  • Conduct/lead process walkthroughs and document narratives including key risks, controls, systems and stakeholders.
  • Perform/lead control design effectiveness assessment documenting results.
  • Develop/update test scripts and determine sampling population and methodology for engagement management approval.
  • Execute owned assigned review activities and perform quality reviews of work executed by junior testers as applicable and assigned.
  • Assess findings and escalate/communicate for disposition to engagement management, business, partners and SMEs as applicable, and document per procedural guidance for engagement management approval.
  • Execute individual areas of responsibility according to established schedule timelines and raise delays to engagement management.
  • Facilitate milestone and tollgate meetings throughout review lifecycle.
  • Participate/lead remediation action plans challenge activities ensuring appropriate to effectively address findings.
  • Prepare draft report for assigned areas of responsibility following through on approvals per procedural guidance and finalizing/distributing report along with ensuring proper retention.
  • Prepare engagement-level reporting and review, obtain required approvals, and distribute to appropriate recipients and stakeholders per procedural guidance for engagement management review.
  • Facilitate the completion and retention of engagement activities documentation and approvals obtained throughout the review lifecycle per procedural guidance.
Required Qualifications:
  • Experience in Internal Audit and/or Internal Controls Testing especially within Operational and/or Compliance risks and within financial services industry
  • Good knowledge of process, risks and controls across corporate & Investment Banking, Commercial Banking and/or Enterprise Functions
Desired Qualifications:
  • Excellent verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy
  • Strong organization skills, prioritization, and time-management skills
  • Demonstrated ability to work independently, self-starter and highly motivated to work in a fast paced and changing environment
  • Strong team player but also be able to work independently
  • Proven ability to effectively lead projects
  • Proven ability to work within deadlines and manage multiple tasks
We Value Diversity

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, or status as a protected veteran.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

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