1+ months
2017-12-082018-02-04

Financial Crime Risk Management (FCRM) Testing Consultant - FTC Contract

London, England W1A 2LQ
  • Job Code
    22319BR-1
Wells Fargo provides middle market, large corporate and financial institution customers with a range of international solutions, including treasury management, credit, payments, financing, foreign exchange, and trade services. Wells Fargo operates from 42 countries and territories outside of the U.S., including branches in Beijing, Cayman Islands, Dubai International Financial Center (DIFC), Hong Kong, London, Seoul.


The Wells Fargo EMEA Financial Crime Risk Management team has a new opportunity for an experienced testing consultant to join the team based in London on a fixed term contract basis for twelve to eighteen months.

In accordance with the Annual Testing Plan, perform Thematic or specific reviews across multiple entities, lines of business or locations as directed by the FCRM Testing Team Lead. All team members to execute reviews per Regulatory Compliance Risk Management (RCRM) standards:

Responsibilities include:
  • Engage with key stakeholders within relevant lines of business and with relevant control function team members (senior compliance management, audit and operational risk) to effectively plan and scope Testing activity, coordinating this with the FCRM Team Lead ;
  • Perform and document fieldwork within the relevant lines of business and test system and control effectiveness and design (in accordance with relevant Wells Fargo testing and sampling methodologies as appropriate);
  • The Consultant will assist other Team Members with additional Reviews as directed by the FCRM team Lead;
  • Keep all stakeholders appraised of review progress through formal and face to face updates as to fieldwork, potential issues so that issues are not surprises for lines of business etc.;
  • Raise appropriate recommendations for system and control enhancements and formally agree associated action plans (e.g. a change to systems, controls, governance structures, policies or procedures) with relevant senior management;
  • Raise appropriate recommendations when system and control gaps have been identified and formally agree associated action plans (e.g. a change to systems, additional controls, governance structures, policies or procedures) with relevant senior management;
  • Formally document review activity and raise findings within Review Activity Reports and following a quality assurance process, submit these to senior management; and
  • Work with risk colleagues and lines of business to formally track and validate issues to closure.
Thematic Review Reporting:
The Consultant will identify issues during testing activities, report issues requiring senior management attention within Review Activity Reports and track these via a Centralized Issue Management system in accordance with International Testing and Validation standards.
  • The Consultant will assist other Team Members with additional Reviews reporting as directed.
  • The Consultant will assist with the creation and maintenance of risk based Testing and Validation Management Information for senior management throughout EMEA as directed, and ensure that:
  • metrics are relevant and cover all aspects of compliance / non-compliance with relevant FCRM thresholds;
  • dashboards are appropriately communicated to senior management; and
  • exceptions / failures to meet threshold requirements are appropriately escalated and measures taken (including disciplinary measures) documented.
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Financial Crime Risk Management (FCRM) Testing Consultant - FTC Contract

Wells Fargo
London, England W1A 2LQ

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Financial Crime Risk Management (FCRM) Testing Consultant - FTC Contract

Wells Fargo
London, England
GB

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