12 days old
2018-01-092018-02-19

APAC Financial Crimes Testing & Validation Manager

Hong Kong, Hong Kong Island
  • Job Code
    22913BR-1
About 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, and has offices in more than 40 countries to support the banks customers who conduct business in the global economy. At Wells Fargo, our goal is to attract, develop, retain and motivate the most talented people - those who care and who work together as partners across business units and functions. We value and promote diversity and inclusion in every aspect of our business and at every level of our organization.

International Testing & Validation

The International Testing & Validation (T&V) function provides regulatory compliance and operational risk oversight through the execution of standardized testing across those disciplines. This newly consolidated function will be designed to provide independent assurance that risk programs and controls are operating effectively across the following key risk types: Financial Crimes, Regulatory Compliance, and Operational Risk.

The position reports to the APAC Head of International Testing & Validation.

The APAC Financial Crimes Testing & Validation Manager (the Manager) will lead the financial crimes testing efforts within the region, including development and execution of a comprehensive testing plan in line with enterprise and regional requirements, management and development of a team of testing consultants, and building of relationships with regional and global stakeholders and risk teams.

Specific duties for this position include, but are not limited to:
  • Responsible for the overall leadership of the financial crimes Testing and Validation team, including design and ownership of the plan
  • Partners with the APAC Head of Operational Risk Testing and the APAC Head of Compliance Testing where appropriate to identify opportunities to collaborate and find synergies between testing and validation strategies
  • Leads a team of subject matter experts with proficiencies in performing testing activities to evaluate financial crimes considerations within identified business processes according enterprise and business line financial crimes related policies, including areas such as KYC/customer due diligence, suspicious activity reporting, sanction screening, and fraud
  • Strategic design and execution on testing strategies and methodologies; evaluates the adequacy and effectiveness of policies, procedures, processes, initiatives, products and internal controls and identifies issues resulting from such review activities
  • Identifies deficiencies and recommends solutions to complex issues
  • Consults with management and other regional stakeholders to develop corrective action plans and monitors corrective action to completion
  • Plan & oversee issues and corrective actions validation activities that independently evaluate the adequacy, comprehensiveness and effectiveness of corrective actions taken to remediate issues based on defined methodology
  • Review and oversee formal documentation of testing activity within the working papers in accordance with the methodology and team expectations
  • Reports findings and drafts recommendations to risk and business line management
  • Maintains an understanding of the enterprise AML program and the interconnectivity of its key components
  • Cultivates and fosters positive relationships with key business partners
  • Managing and developing 4-8 risk consultants
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APAC Financial Crimes Testing & Validation Manager

Wells Fargo
Hong Kong, Hong Kong Island

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APAC Financial Crimes Testing & Validation Manager

Wells Fargo
Hong Kong, Hong Kong Island
HK

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