10 days old

Financial Crimes Testing & Validation Manager - Canada/ Latin America

Toronto, ON
  • Job Code
About Wells Fargo

Wells Fargo provides middle market, large corporate and financial institution customers with a range of financing solutions, including treasury management, credit, payments, financing, foreign exchange, and trade services. Wells Fargo operates in 42 countries and territories outside of the U.S., including branches in Beijing, Cayman Islands, Dubai International Financial Center (DIFC), Hong Kong, London, Seoul, Shanghai, Singapore, Taipei, Tokyo, and Toronto.

WellsFargo first conducted business in Canada in 1854 and since then has continued to build a strong presence across the country. WellsFargo now offers a broad range of financial products and services through multiple lines of business operating throughout Canada.

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 Canada/LatAm Head of International Testing & Validation. The Canada/LatAm Financial Crimes Testing & Validation 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 Canada/LatAm Head of Operational Risk Testing and the Canada/LatAm 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 of 4-8 risk consultants

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Financial Crimes Testing & Validation Manager - Canada/ Latin America

Wells Fargo
Toronto, ON

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Financial Crimes Testing & Validation Manager - Canada/ Latin America

Wells Fargo
Toronto, ON

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