10 days old
2017-11-302018-01-04

General Regulatory Compliance Testing Consultant

London, England W1A 2LQ
  • Job Code
    22223BR-1
About Us

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.

Responsibilities

Conduct Compliance Activity and Thematic Reviews
In accordance with the Annual Testing Plan, perform scheduled thematic or specific reviews across multiple entities, lines of business or locations as directed by Central Compliance Management, specifically the EMEA Central Compliance Head of Testing or Compliance Testing Team Lead. All team members to execute reviews per Regulatory Compliance Risk Management (RCRM) standards:
  • 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 relevant Testing Team Leader and wider Compliance Team.
  • 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 EMEA Central Compliance Reviews as directed by Central Compliance Management.
  • 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 Compliance Activity Reports and following a quality assurance process, submit these to senior management;.
  • 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 Compliance 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 EMEA Central Compliance Reviews reporting as directed by Central Compliance Management.
  • The Consultant will assist with the creation and maintenance of risk based Central Compliance Management Information for senior management throughout EMEA as directed, and ensure that.
  • Metrics are relevant and cover all aspects of compliance / non-compliance with Compliance thresholds.
  • Dashboards are appropriately communicated to senior management.
  • Exceptions / failures to meet threshold requirements are appropriately escalated and measures taken (including disciplinary measures) documented.

Miscellaneous
  • Work collaboratively with Compliance colleagues throughout EMEA to make recommendations for change to Policies, Projects, Training and or Monitoring or Testing Plans as appropriate.
  • Undertaking relevant regulatory and corporate training as required / directed to maintain competence.
  • Under direction of Central Compliance Management, provide cover arrangements as per cross training or with other Monitoring and Testing work to assist the wider EMEA Compliance team in times of need.
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General Regulatory Compliance Testing Consultant

Wells Fargo
London, England W1A 2LQ

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General Regulatory Compliance Testing Consultant

Wells Fargo
London, England
GB

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