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Enterprise Testing Officer - 3rd Party Risk

Company: Wells Fargo Bank
Location: Bedford
Posted on: March 22, 2020

Job Description:

Job DescriptionImportant Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as "Personal Cell" or "Cellular" in the contact information of your application. At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk. The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.Within Wells Fargo Compliance, the Enterprise Testing 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.The Enterprise Testing Targeted Testing, Validation & Oversight team for Third Party Risk is responsible for planning and executing horizontal reviews, targeted reviews of known or emerging risk areas, external third party reviews, and front line reviews of Third Party Risk and the Third Party Risk Management Program and Policies in accordance with the Independent Monitoring, Testing & Validation Standards. The External Third Party Testing team within Enterprise Testing is responsible for planning and executing testing and validation reviews of third party service providers (TPSPs) in accordance with Independent Monitoring, Testing, and Validation Policy and Procedures.The Enterprise Testing Officer will join a team of testing professionals in the execution of risk and controls testing in accordance with the Independent Monitoring, Testing, and Validation Policy and Enterprise Testing Operating Procedures. This testing team is directly responsible for testing of Third-Party related risks and controls at third-party service provider locations which includes evaluating associated policies, related regulatory sources, programs, controls, tools and supporting processes. This Enterprise Testing Officer will be a senior individual contributor responsible for providing backup to the Enterprise Testing Manager, as well as test plan development, ensuring proper scope and coverage, and credibly challenging business partners in order to provide quality test results that improve business practices. This individual will also have responsibility for handling project communications / reporting to leadership and will manage a broad range of professional relationships and key contacts across the enterprise.This individual develops testing strategies, workbooks and methodologies; evaluates the adequacy and effectiveness of policies, procedures, processes, systems and internal controls; identifies and assesses risk issues and assigns ratings consistent with established policy standards. Consults with business and third parties to develop corrective action plans. Reports findings and drafts recommendations to mitigate risk to Enterprise Testing Leadership and business line management.This position requires travel to third party locations.The Enterprise Testing Officer on the External Third Party Testing team will be responsible for: Leading and executing moderate to high risk or complex review activities/engagements in a matrixed environment, and communicates emerging risks to management. Complete review activities on schedule. Raises schedule delays to the review activity lead with proposed resolution plans. Create schedules for reviews. Escalate any potential issues discovered during the completion of review activities to a review lead. Identifies potential corrective actions, and follows through on reporting, escalation, and resolution. Perform effective and timely testing-related independent credible challenge internally. Complete all documentation and appropriately retain all work papers (testing schedule, templates, work-papers, deferrals, deviations, etc.). Solicits and aggregates emerging risks from teams as review activities are performed. Leads implementation of initiatives with moderate to high risk. Perform internal collaboration with business for oversight of risk management. May interface with Audit, Legal, external agencies, and regulatory bodies on risk related topics. May lead project/virtual teams.Other key responsibilities include (but are not limited to): Analyze vendor risk data including concentration risk, third party obligations, performance metrics and scorecards; Plan third party control assessments by developing questionnaires and analyzing existing information such as third party profiles and due diligence evaluations. Execute testing and issue validations within required timeframes and in accordance with established processes and procedures including the Operational Risk and Compliance Testing and Validation Standards. Evaluate third party vendor's control infrastructure effectiveness and review evidence of controls by applying audit, compliance, security and regulatory framework knowledge and experience including, but not limited to: COBIT/NIST/ITIL/ISO 27001, Third Party Regulations (FRB/OCC) and FFIEC Third Party Risk Management requirements. Review key third party contractual obligations and major policy requirements. Identify risks related to Information Security, Technology, Data Privacy and Information Risk originated from these obligations and map such risks to expected control processes using industry frameworks such as COBIT, ITIL, ISO and NIST. Document job aids and procedures that support the successful implementation of testing activities. Gather information from a range of different sources and methods e.g. data collection, interviews, meetings, review of processes, manuals, and documentation and generate innovative ideas that challenge the status quo. Propose enhancements to support third-party risk testing processes. Work cross-functionally with team members to support and drive a collaborative team environment Design test scripts and identify accurate and complete populations for testing Evaluate and rate control design and performance Consult with business to effectively manage change in ensuring adequate corrective actions are in place to ensure policy compliance Conduct quality reviews or peer reviews of review activity reports, work papers and supporting documents, and system data Assist in the identification of control breakdowns, unmitigated risks and aggregate findings, coordinating with other independent review programs to ensure adequate coverage and proper coordination. Collaborate with other risk SMEs and T&V Groups across Corporate Risk and Corporate Compliance to develop coverage strategies taking into account new/updated regulatory guidance, standards, policies, etc. and in order to illustrate a comprehensive view on process and control effectiveness for the business. Ensuring test coverage and strategy is in accordance with required policies and procedures and provides comprehensive coverage of regulatory requirements, and related risks and controls. Ensure consistency in execution, and maintenance of a current testing schedule, including supervision and input in review scoping, monitoring progress of reviews and reporting on the results. Participate in key initiatives and projects that impact Testing and Validation.Required Qualifications7+ years of experience in risk management (includes compliance, financial crimes, operational risk, audit, legal, credit risk, market risk, IT systems security, business process management) or 7+ years of financial services industry experience, of which 5+ years must include direct experience in risk managementDesired Qualifications5+ years of compliance and regulatory systems experience4+ years of third party risk management experience3+ years of financial accounting experience2+ years of Information Security Frameworks and standards (FFIEC, NIST, ISO) experienceA BS/BA degree or higher in business, management, accounting, finance or economicsCertified Information Systems Security Professional (CISSP), Certified Information Security Manager (CISM), Certified Information Systems Auditor (CISA), or Certified in Risk and Information Systems Control (CRISC)Knowledge and understanding of regulatory agencies: Federal Reserve and OCCExperience building and maintaining 3rd party relationshipsAbility to manage disparate types of technology solutions, including packaged applications, software as a services delivered solutions, and custom developed systemsExperience preparing security risk assessments for Wells Fargo business and 3rd party service providersKnowledge and understanding of information security management, audit, compliance, and riskSolid critical thinking skillsOther Desired Qualifications Experience leading a group of people One or more of the following certifications is desired: Certified Anti-Money Laundering Specialist (CAMS) Certified Financial Crimes Specialist (CFCS) Certified Information Systems Auditor (CISA) Certified Internal Auditor (CIA) Certified Public Accountant (CPA) Certified Regulatory Compliance Manager (CRCM) Certified Risk and Compliance Management Professional (CRCMP) Certified Risk Professional Program (CRP) For Testing and Validation Positions Only Job ExpectationsAbility to travel up to 30% of the timeDisclaimerAll offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.Relevant military experience is considered for veterans and transitioning service men and women.Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.SDL2017

Keywords: Wells Fargo Bank, Bedford , Enterprise Testing Officer - 3rd Party Risk, Accounting, Auditing , Bedford, Texas

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