16 days old
2017-11-302018-01-13

Operational Risk Testing & Validation Manager - Canada/ Latin America

Toronto, ON
  • Job Code
    22226BR-1

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 Operational Risk Testing & Validation Manager will lead the operational risk 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 Operational Risk Testing and Validation team, including design and ownership of the plan
  • Partners with theCanada/LatAm Head of Regulatory Compliance Testing and theCanada/LatAm Head of Financial Crimes 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 operational risk considerations within identified business processes according to the Business Process Risk Management and other enterprise operational risk policies, including areas such as business continuity, third party risk management, privacy, information security and HR
  • 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 & supervise 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 Operational Risk and Regulatory Risk Frameworks and the interconnectivity of its key components
  • Cultivates and fosters positive relationships with key business partners
  • Managing and developing of 4-8 risk consultants
Advertisement

Featured Jobs

Career News

Before you go...

Our free job seeker tools include alerts for new jobs, saving your favorites, optimized job matching, and more! Just enter your email below.

Share this job:

Operational Risk Testing & Validation Manager - Canada/ Latin America

Wells Fargo
Toronto, ON

Share this job

Operational Risk Testing & Validation Manager - Canada/ Latin America

Wells Fargo
Toronto, ON
CA

Separate email addresses with commas

Enter valid email address for sender.

Join us to start saving your Favorite Jobs!

Sign In Create Account
Powered ByCareerCast