Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as 'Personal Cell' or 'Cellular' in the contact information of your application.
At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Enterprise Finance drives financial management for the company and maintains and enhances risk and financial controls. Key functions within Enterprise Finance include finance and accounting; Treasury; corporate development, mergers, and acquisitions; Data Management and Insights, the Customer Remediation Center of Excellence, Enterprise Shared Services, Business Process Management, and Corporate Strategy. Enterprise Finance informs shareholders, regulators, taxing authorities, team members, and leaders of the company's financial performance through earnings releases, investor meetings and conferences, and meetings with regulators and credit rating agencies, following appropriate reporting guidelines. They also maintain and enhance risk and financial controls and lead many of the company's shared services functions including corporate properties, security, and global services
Wells Fargo's Regulatory and Basel Reporting team (RBR) is responsible for filing regulatory reports with numerous regulatory agencies and currently has many ongoing projects related to the enterprise-wide implementation of centralized data management infrastructure and the COSO-based governance and oversight framework. RBR is looking for a regulatory reporting lead analyst to join its team to review, analyze and enhance our Regulatory Reporting processes. Specific focusing on data management and controls that supports are larger regulatory surveys and reports including but not limited to the SHCA, SHLA, TIC S and Summary of Deposits surveys. This key function will directly support and influence the related process improvement and regulatory reporting data-management infrastructure implementation initiatives. Objective is to ensure that evolving new corporate data processing initiatives align and effectively support our core regulatory reporting processes including expected efficiencies. This position will also coordinate with key partners including the line of business data providers, technology, regulatory interpretations staff and the Enterprise Controls and Oversight teams to support timely and accurate reporting. The regulatory reporting lead analyst will directly communicate with RBR and Enterprise Finance management, business line controllers, and banking regulators including the Federal Reserve Board and FDIC, providing prompt reporting status and appropriate responses to questions / enquiries. This key role will also be responsible for preparing senior management impact assessments supporting regulatory amendments and / or implementation new regulatory rules and related process improvement.
The ability to quickly learn and adapt to the fast-paced and ever-changing regulatory reporting environment is a key requirement. Leading and developing best practices to ensure the Regulatory Reporting function is a well-controlled sustainable process is also a fundamental requirement. This includes working with our offshore staff based on the RBR global reporting model. The successful candidate will have a demonstrated history of being an independent self-starter, ability to effectively communicate at all levels and capable of working efficiently to meet tight deadlines and adapt in a changing environment. Key Responsibilities include:
Maintain and obtain (new rules or requirements) SME knowledge of the main Regulatory Reporting requirements with emphasis on data quality and related controls.
Maintain analysis of GAAP and regulatory accounting differences as well as lead the comprehensive assessment of new accounting standards from a Regulatory Reporting perspective.
Coordinate with peers and business / technology partners to develop and implement report level change management around new accounting standards to ensure that all affected reports have been evaluated, and to the extent necessary, have completed robust BRD's and regression testing best practices in place.
Lead the effort to change and standardize key reporting processes, including enhanced data analytics, across RBR reporting teams impacted by the eONE (one data source) Operating Model to effectively develop an enhanced Regulatory Reporting Production process covering data acquisition, reconciliation, product and common data quality and related report / schedule level mappings and submission timelines / workflow.
Lead the effort for RBR to enhance data review standards and ensure data is 'fit for purpose' by coordinating assessment across the various report owners.
Lead key projects to support the RBR Reporting Teams in meeting heightened expectations of the regulatory reporting function (e.g. documentation around business and data processes). This includes supporting and leading deliverables as directed supporting key strategic Enterprise Finance projects.
Partners with Accounting Policy, Business Controllers and the Regulatory Interpretations Team to ensure that consistent adherence to regulatory rules including assessment of scheduled changes with specific focus on data requirements and controls.
Ensure the compliance with requirements under the Company's Regulatory Reporting Governance & Oversight Framework including robust desktop procedures, EUCT controls and data management for the assigned regulatory reports and processes.
Support ad-hoc requests for reporting analysis and issue investigation as needed.
3+ years of data management experience
5+ years of financial services industry, consulting or regulatory experience
7+ years of experience in one or a combination of the following: finance, accounting, analytics or reporting
Ability to synthesize complex analytical findings into executive level communications
Ability to translate and summarize complex data into understandable, actionable information and recommendations
Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
Excellent verbal, written, and interpersonal communication skills
Knowledge and understanding of analytical methods used to: plan, conduct, and direct the analysis of complex business problems
Strong analytical skills with high attention to detail and accuracy
Extensive knowledge and understanding of research and analysis
Ability to manage effectively in a matrixed organization
A BS/BA degree or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting
Other Desired Qualifications
Highly proficient in Microsoft Access, PowerPoint, Excel and Visio. SQL or SAS an advantage.
Financial Accounting background familiar with preparation of financial statements and supporting analysis.
Working knowledge of regulatory compliance and familiar with COSO framework.
Define, implement, and manage best practice processes that support sound data management operations (i.e. testing, data analysis, metadata, reconciliation )
Experience with the General Ledger and data reconcilement to regulatory reports.
Working knowledge of the main US Regulatory Reports and common data connectivity including:
FR Y15 Systemic Risk
FFIEC 009 CER
Ability to travel up to 5% of the time
NC-Charlotte: 11625 N Community House Road - Charlotte, NC MN-Minneapolis: 550 South 4th St - Minneapolis, MN
All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women. Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.
Internal Number: 5545226-2
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
www.wellsfargo.com | Twitter: @WellsFargo