Compliance Testing Consultant (Regulatory Compliance)

16 Apr 2019
16 Apr 2019
Job role
Reporting to the APAC Regulatory Compliance Testing and Validation (T&V) Lead in Hong Kong, Wells Fargo International T&V has an opening for a Testing and Validation Consultant position responsible for leading and executing Regulatory Compliance testing coverage for Lines of Business (Corporate and Investment Banking, Commercial Banking, Commercial Capital) and shared services operating in the APAC regions to ensure compliance with U.S. and local laws and regulations as applicable.

Roles and Responsibilities include (but are not limited to):
•Design, develop and execute testing in accordance with the Independent Monitoring, Testing, and Validation Policy and the Enterprise Testing Control Testing and Issue Validation Procedures
• Provide credible challenge and, evaluate the adequacy and effectiveness of policies, procedures, processes, and internal controls.
•Report findings and provide recommendations to Lines of Business and management (regional and in the U.S.)
•Perform issue validation work to provide an independent assessment of the appropriateness, completeness, effectiveness, and sustainability of corrective actions taken to address regulatory compliance issues.
•Involve in the compilation of the annual compliance testing plan
•Assist in handling T&V Quality Assurance and Wells Fargo Audit Services’ reviews
•Work with International business groups and APAC regions and offices to provide compliance and risk expertise.

Basic Work Experience
• 7+ years of compliance testing or audit experience at global financial institutions / Big4 professional firms

Minimum Qualifications
• Strong working knowledge of audit/compliance testing principles including sampling methods and strong risk and control mindset
• Demonstrated understanding of regulatory compliance and/or operational risk
management industry requirements and practices
• experience in reviewing work paper and provide supervision to team members on a job basis
• Ability to multi-task between multiple and ongoing responsibilities and assignments and meet deliverables in tight timeframes
• Strong sense of ownership and responsibility
• Strong analytical skills and an ability to apply risk judgement
• Excellent verbal and written communication skills
• Exhibits flexibility and adaptability
• Fast learner
• Ability to travel approximately 10%
• Drive for success and result

Preferred Qualifications
• University degree holder in finance, accounting, law or related major
• Audit related certification (such as CPA, CIA, or similar)
• Working knowledge of International Group and Wells Fargo organizational structure
• Understanding of the company's policies and tools
• Foreign language skills (Asia language is desirable)
• Knowledge of banking products, and U.S. and Asia Pacific regulatory requirements

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