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Senior Independent Testing Specialist

Bangalore BENGALURU, Karnataka Karnataka, Karnataka, India
Competitive Salary
Closing date
May 21, 2024

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Job Role
Contract Type
Full Time
About this role:

Wells Fargo is seeking a Sr Independent Testing Specialist

Within Corporate Risk, the Independent Testing and Validation (IT&V) group is responsible for establishing and maintaining a consolidated testing and validation (T&V) program at the corporate level. Independent Testing and Validation is responsible for developing a common methodology and standards, providing governance and oversight, executing testing; and conducting horizontal reviews. Testing and validation teams are responsible for implementing the testing methodology and standards and executing group- specific testing.

In this role, you will:
  • Lead or participate in moderate to high risk or complex review activities in a matrixed environment and communicate emerging risks to management within Independent Testing
  • Contribute to large scale planning related to Independent Testing deliverables
  • Review and research moderately complex potential corrective actions, and follow through on reporting, escalation, and resolution
  • Ensure effective and appropriate testing, validation, and documentation of review activities for risk programs and controls according to standards and other applicable policies
  • Resolve moderately complex issues and lead team to meet Independent Testing deliverables while leveraging solid understanding of risk management framework and the risk and control environment
  • Collaborate and consult with colleagues, internal partners, management and lines of business regarding risk management
Required Qualifications:
  • 4+ years of Independent Testing experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
  • Participate in planning and scoping meetings with business stakeholders, partners, SMEs, etc. and draft related memos for lead/supervisor review.
  • Assist in documentation of engagement planning and scoping results under lead/supervisor direction.
  • Review RCSA risk assessment and other planning information to identify risks and controls, including shared controls,
  • Research compliance requirements, understand key associated risks and controls, and assist with determining engagement scope.
  • Review issue management and remediation information, as applicable, to ensure rating of associated controls are appropriate or escalate per procedural guidance.
  • Review prior testing and findings completed by Testing teams, Internal Audit requirements to understand impact to engagement's plan and scope..
  • Prepare documentation requests from business stakeholders in support of engagement execution for lead/supervisor review.
  • Participate in process walkthroughs and document narratives including key risks, controls, systems and stakeholders for lead/supervisor review.
  • Perform control Design effectiveness(DE) and Operational Effectiveness Testing (OE) for the in-scope controls and Compliance requirements assessment under lead/supervisor direction and review and document results.
  • Develop/update test scripts and determine sampling population and methodology and document per procedural guidance under lead/supervisor direction and review.
  • Complete assigned testing activities exercising effective quality review behaviors and seek guidance through research and consultation with engagement management for areas of ambiguity and/or uncertainty.
  • Execute assigned testing activities under lead/supervisor direction; assess findings, and escalate/communicate to engagement management, business, partners and SMEs as applicable; document per procedural guidance.
  • Execute individual areas of responsibility according to established schedule timelines and raise delays to engagement management.
  • Facilitate the completion and retention of engagement activities documentation and approvals obtained throughout the review lifecycle per procedural guidance.
  • Assist in overall engagement setup and operational/administrative needs as directed.
Job Expectations:

•BBA, B.Com, BBM, M.Com, MBA or equivalent degree

•5+ Years of relevant Experience in Control Testing, Internal Audit, Compliance & Operational Risk Testing.

Posting End Date:

*Job posting may come down early due to volume of applicants.

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, status as a protected veteran, or any other legally protected characteristic.

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.

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.

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