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Regulatory Reporting Lead Independent Testing & Validation Officer, APAC

Wells Fargo
Singapur
Gepostet vor 27 Tagen Permanent Competitive
See job description for details
Department Overview

The Independent Testing & Validation team is responsible for the development and design of methodologies and standards for review activities across the Enterprise in alignment with the Risk Management Framework and ensuring effective and appropriate testing, validation, and documentation of review activities for risk programs, risks, and controls according to standards and other applicable policies.

About the Role

This role is in the Regulatory Reporting Incremental Compliance (RRIC) team within Independent Testing & Validation (IT&V). RRIC is a centralized team, operates as a second line of defense over the regulatory and risk report production processes subject to BCBS 239 requirements. The team is an integral part of the Company's control environment and provides credible challenge to relevant participants in the reporting processes. RRIC has enterprise-wide exposure to lines of business, regulatory and risk reporting stakeholders as well as the external financial reporting and regulatory reporting infrastructures and frequently coordinates with internal audit.

Enterprise Testing Officer role will provide strategic support for testers by gathering requirements and delivering data needs and detailed analysis for their organization.

Responsibilities
  • Leading execution of moderate to high risk or complex testing activities/engagements in a matrixed environment, and communicates emerging risks to management
  • Timely completion of testing engagements in accordance with annual test plan
  • Leading and supporting efforts to credibly challenge risks in the end-to-end regulatory reporting processes and effectively evaluate controls to mitigate those risks
  • Partnering with business partners to understand the environment and related initiatives to develop appropriate and complementary testing procedures
  • Documenting test results and issues identified while also providing and communicating recommendations to management
  • Reviewing and interpreting new and revised corporate and IT&V policies and procedures and assess impacts
  • Developing clear and concise reporting to be shared with IT&V management and Front Line Units
  • Building relationships and collaborating with key stakeholders in the applicable line of business, other second and third line functions, and IT&V functions
  • Identifying and implementing efficiencies and process improvements, including automation opportunities pertaining to metrics and reporting
  • The successful candidate will be a team player and a self-starter who is accustomed to working in complex organizations, partnering with a diverse group of stakeholders, and achieving results. Candidates with strong experience in preparing or reviewing regulatory returns including capital adequacy, liquidity coverage, recovery planning etc. are encouraged to apply.
Requirements
  • 5+ years of relevant experience in regulatory reporting and risk management includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management)
  • With direct experience in regulatory reporting and testing
Desired Qualifications
  • Knowledge and understanding of financial services industry: compliance, risk management, or audit operations
  • BS/BA degree or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting
  • Big four public accounting experience
  • Master of Business Administration (MBA) or a Certified Public Accountant (CPA) designation
  • Knowledge and understanding of regulatory compliance requirements surrounding SOX Sarbanes-Oxley Act
  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
  • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
  • Specialized knowledge or prior regulatory compliance testing or review experience
  • 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
  • Intermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint)
  • Ability to present results of analyses and recommendations to senior leaders or executives
Other Desired Qualifications:
  • Experience supporting Regulatory Exams (Domestic and Int'l), Audits, or other regulatory reporting related assessments
  • Strong critical thinking and analytical skills with high attention to detail and accuracy
  • 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
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.

Job ID  R-175535
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