Compliance Consultant | Regulatory Compliance Risk Testing & Validation
SCORE Silicon Valley
Toronto, Ontario
2d ago

Job Description

The International Testing & Validation (T&V) function covering both the Canada and Latin America regions has an immediate opening for a Compliance Consultant that will provide second line of defense T&V services concentrated on regulatory compliance risk, control testing requirements.

The T&V function provides regulatory compliance oversight through the execution of standardized testing. Designed to provide independent assurance that risk programs and controls are operating effectively across the regulatory compliance, key risk type.

As a Compliance Consultant of the T&V team, you will be responsible for executing regulatory compliance testing engagements that are part of the annual plan and also undertake issue validation work efforts.

The Team Member will perform independent testing and monitoring activities across an assortment of business lines, legal entities and other related functions within the responsibility of the regions.

Specific duties for this position include, but are not limited to :

Key responsibilities :

  • Development and design of testing strategies and methodologies in accordance with legislative accepted requirement, corporate regulatory compliance, policies, procedures, and internal controls
  • Execute detailed test script procedures, sampling strategies, research and obtain supporting documentation relating to the work performed and document the results of the analysis process
  • Ensure regulatory compliance testing, control testing review activity engagements are proficiently and efficiently performed, accurately interpret results against distinct criteria’s
  • Evaluate the adequacy and effectiveness of legislative requirements, policies, procedures, processes, and internal controls
  • Prepare comprehensive reporting of test conclusions by process / controls and / or mandatory compliance requirements
  • Prepare report findings, providing sensible recommendations, proposing areas for improvement and presenting to business line and regional management
  • Conduct validation testing and follow-up of Issues / Corrective Actions to monitor and assess management’s implementation of recommendations
  • Ensure that assigned compliance activity review assignments that are part of the Annual Compliance Testing Plan are delivered timely
  • Provide compliance testing expertise in the identification of risks, assessing of controls and reporting on effectiveness of controls to ensure compliance with federal, provincial, agency, legal, regulatory, policy and procedure requirements
  • Develops a sound understanding of line of business, local, Canadian, US and any other accepted regulatory legislative expectations
  • Market Skills and Certifications

    Minimum Qualifications :

  • 2+ years in compliance or operational risk management (includes audit, legal, credit risk, market risk, or the management of a process or business with accountability for compliance or operational risk) and 2+ years in one or more of the following : compliance, operational risk management, business process management or financial services, or a Bachelor's or advanced degree in Business or Economics
  • Preferred Skills :

  • Understanding of regulatory requirements within Canada and Latin America
  • Strong working knowledge of audit principles including sampling methods
  • Excellent oral, written, and interpersonal communication skills
  • Collaborative team player with business relationship building attributes
  • Ability to meet timeline deliverables in a consistent manner
  • Sound and continued knowledge of the Compliance Risk Assessment process across different lines of business and the Corporation
  • Experience with compliance and operational risk systems such as GRC tools
  • Ability to multi-task between multiple and ongoing responsibilities and assignments
  • Proven ability in exercising independent judgment and applying prudent risk mitigation principles
  • Exhibits flexibility and adaptability
  • Audit or compliance management related certifications (CIA, CPA, etc.)
  • Ability to travel approximately 10%
  • Understanding of regulatory requirements within Canada and Latin America

    We Value Diversity

    At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law.

    We comply with all applicable laws in every jurisdiction in which we operate.

    Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities.

    Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.


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