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About Wells Fargo: Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 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 8,500 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 273,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune's 2017 rankings of America's largest corporations. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Reporting to the Asia Pacific Regulatory Compliance Testing Manager in Hong Kong, the team has an opening for a Compliance Testing Consultant responsible for leading and executing regulatory compliance and operational risk testing coverage for business lines (Trade Services, FX, Wells Fargo Securities, Global Banking, Global Financial Institution, Commercial Distribution Finance and supporting operations) operating in the APAC regions to ensure compliance with U.S. and local law as applicable.
Key responsibilities may include (but are not limited to):
Working with International business groups and APAC regions and offices to provide compliance and risk expertise.
Design and develop testing strategies and methodologies in accordance with Operational Risk and Compliance Testing and Validation Standards and Corporate Regulatory Compliance Risk Management Policy and Procedures.
Evaluate the adequacy and effectiveness of policies, procedures, processes, and internal controls.
Report findings and provide recommendations to business lines and regional management.
Perform verification and validation work for closure of issue and corrective actions.
Provide compliance expertise in identification of risks, assessing of controls and reporting on effectiveness of controls to ensure compliance with federal, state, and agency, legal, regulatory and policy requirements.
8+ years of compliance testing or audit experience at global financial institutions / Big4 professional firms
Strong working knowledge of audit/compliance testing principles including sampling methods
Demonstrated understanding of regulatory compliance and/or operational risk management industry requirements and practices
Ability to multi-task between multiple and ongoing responsibilities and assignments
Strong sense of ownership and responsibility
Excellent verbal and written communication skills
Ability to meet deliverables in tight timeframes
Exhibits flexibility and adaptability
Ability to exercise independent judgment and apply prudent risk mitigation principles
Ability to travel approximately 10%
University degree holder in finance, accounting, law or related major
Audit related certification (such as CPA, CIA, CISA, CAMS, or similar)
Working knowledge of International Group and Wells Fargo organizational structure
Demonstrated critical thinking and analytical skills
Understanding of the company's policies and tools
Foreign language skills (Asia language is desirable)
Strong risk assessment skills
Knowledge of business lines mentioned, and U.S. and local regulatory requirements
Drive for success and result
Team members 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.