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Enterprise Testing Officer - Hyderabad @ Wells Fargo

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 Enterprise Testing Officer - Hyderabad

Job Description

 

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. Responsibilities
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.
  • Lead reviews to ensure testing activities (MR, BPT, Targeted Reviews, Issue Validation) are completed on schedule.
  • Proactively work on remediating schedule issues.



Essential Qualifications
  • BBA, B.Com, BBM, M.Com, MBA or equivalent degree (Accounting, Information Systems, Business Management, Finance, Business Administration)
  • 3-5 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 US banking regulatory requirements
Tools/Systems needed: Microsoft Excel, Visio, and Word

Job Classification

Industry: Banking / Financial Services / Broking
Functional Area: IT Software - Application Programming, Maintenance,
Role Category: System Design/Implementation/ERP/CRM
Role: System Design/Implementation/ERP/CRM
Employement Type: Full time

Education

Under Graduation: B.Tech/B.E. in Computers
Post Graduation: MBA/PGDM in Marketing, M.Com in Commerce

Contact Details:

Company: Wells Fargo India
Location(s): Bengaluru

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Keyskills:   Manager Internal Audit Excel Operational risk Trade finance Analytical Consulting Asset management Visio Risk management Financial services

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Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,600...