Wells Fargo

Job Category:

Community Banking

Location:

Glen Allen, Virginia

Country:

US

Approximate Salary:

Not Specified

Position Type:

Full Time

Phone:

415) 820-7800

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Compliance Consultant 4 - UDAAP Control Testing Consultant

Wells Fargo - Glen Allen, Virginia

Posted: 12/7/2018

Job Description

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. We focus on three key risk areas: credit risk, operational risk and market risk. We help our management and Board of Directors identify and monitor risks that may affect multiple lines of business, and take appropriate action when business activities exceed the risk tolerance of the company.

Enterprise Testing
Within Wells Fargo Compliance, this group provides an independent oversight function within the second line of defense, establishing and maintaining a consolidated Enterprise Testing function at the corporate level. They are responsible for developing a common methodology and standards, providing governance and oversight, executing testing; and conducting horizontal reviews. Testing and validation teams throughout corporate risk will be responsible for implementing the Enterprise Testing methodology and standards, and executing group-specific testing.

The ET&V – Unfair or Deceptive Acts or Practices (UDAAP), Sales Practice (SP) and Fair Lending (FL) Testing Center of Excellence (COE) is seeking is seeking seasoned Compliance Consultants to assist in overseeing and executing control testing. These testing leaders will report to ET&V UDAAP, SP, and FL COE Managers and will conduct compliance and operational risk testing activities for regulatory risks related to Community Banking, Consumer Lending, Auto, and Payments, Virtual Solutions and Innovation (PVSI). These positions will interact with the Regulatory Compliance Risk Management UDAAP Regulatory Proponent, Law Department, Business Control Executive teams, the Testing and Validation Center of Excellence, line of business Operational Risk and Compliance teams, other ET&V managers, Wells Fargo Audit Services, and other oversight groups.

In addition to the responsibilities above, this position will have responsibility for:

  • Developing testing strategies and methodology for UDAAP, SP, and FRL
  • Evaluating the adequacy and effectiveness of policies, procedures, processes, initiatives, product and internal controls
  • Participating in complex testing engagements for UDAAP, SP and FRL risks impacting Community Banking, Consumer Lending, Auto and PVSI
  • Drafting reports of findings and provide recommendations to business line management
  • Consulting with various issue owners to assist in developing corrective action plans
  • Assist in effectively managing change to ensure regulatory compliance
  • May assist with site, agency or other examinations conducted by internal/external parties
Required Qualifications

  • 2+ years of compliance and controls testing experience
  • 6+ years of experience in compliance, operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk), or a combination of both; or 6+ years of IT systems security, business process management or financial services industry experience, of which 3+ years must include direct experience in compliance, operational risk management, or a combination of both
Desired Qualifications

  • A BS/BA degree or higher
  • Risk and regulatory compliance experience
  • Ability to articulate complex concepts in a clear manner
  • Ability to identify and evaluate trends, isolate root cause, and provide swift/thorough resolution
  • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
  • Knowledge and understanding of audit methodologies and tools that support audit processes
  • Knowledge and understanding of complex regulatory/compliance issues and potential solutions
  • Outstanding problem solving and decision making skills
  • Strong organizational, multi-tasking, and prioritizing skills
  • Ability to interact with all levels of an organization
  • Advanced Microsoft Office skills
  • Excellent verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy
Other Desired Qualifications
  • CRCM, CIA, or other Compliance/Audit Certifications
  • Experience developing testing strategies and methodology for UDAAP and FRL
  • Community Banking Experience and / or consumer lending experience
  • Evaluating the adequacy and effectiveness of policies, procedures, processes, initiatives, product and internal controls
Disclaimer

  • All 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.

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