Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.98 trillion in assets. Founded in 1852, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial financial services through more than 7,400 locations, 13,000 ATMs, online (wellsfargo.com), and mobile devices.
We're headquartered in San Francisco, but we're decentralized so every local Wells Fargo location is a headquarters for satisfying our customers' financial needs and helping them succeed financially. We do business with 70 million customers and one in three U.S. households. Wells Fargo has approximately 263,000 team members in 31 countries and territories across our more than 90 businesses.
Wells Fargo & Company was ranked No. 30 on Fortune's 2020 rankings of America's largest corporations.
Wells Fargo Internal Audit
The Audit group reports to the Board of Directors, conducting audit testing and reporting on the health of the risk management and internal control structure within the company. It advises line of business leaders on risk management practices and control structures. Additionally, the group ensures risk issues are escalated and resolved. Results of internal audits are subject to quality assurance reviews and external regulatory examinations.
Audit is comprised of approximately 1,500 team members covering audit work across the company and is responsible to protect customers, team members, and communities by reducing risk.
The Sr. Audit Director will be responsible for building and managing a significant team (currently at approximately 17), focused on managing independent objective assurance and risk based audits across Home Lending. This individual will develop the strategic direction, implementation and ongoing oversight of all aspects of the audit activities in Home Lending focusing on assessing line of business and enterprise level control activities and governance, and will:
Provide thought leadership on industry best practices, regulatory themes, changes and emerging risks and contribute to maturation and evolution of audit oversight for the Home Lending organization.
Assess all risks associated with various processes across Home Lending.
Develop and execute an audit plan to evaluate the design and operating effectiveness of the controls supporting Home Lending.
Represent Audit as a highly engaged, visible, and influential leader.
Identify thematic risk trends observed across the enterprise for purposes of influencing strategic direction and risk management process maturity.
Management of people aspects of audit including resource management, skills gap assessments, learning and development, team member engagement, and other retention strategies
Maintain a diverse and engaged team with the appropriate level of subject matter expertise.
Develop effective working relationships with Senior Leadership within Audit, the business, key functional partners, Independent Risk Managements, and the regulators.
Direct and develop continuous enhancement of internal and external formal reporting, audit review and analysis, and ensure accuracy and efficiency in communicating results to management and regulatory compliance agencies.
Develop, report and communicate critical regulatory validations in Home Lending.
The successful candidate for this role will be experienced leading audit teams and have an extensive understanding of and experience in independent and front line risk management. S/he will be an effective builder and leader of high performing teams focused on collaborative leadership and team member engagement; keep up with fast-paced organizational change, managing and caring for team members through that change. This collaborative leader must be capable of initiating action and possess strong vision, execution and relationship management skills across the organization, as well as with the regulators. A key differentiator will be the ability to understand and operate successfully in a matrixed corporate environment. The role requires a sense of personal accountability for achievement and outcomes.
8+ years of management experience
12+ years of experience in audit or risk functions including leading teams covering risk identification, mitigation, and management (includes audit, legal, credit risk, market risk, technology risk, or the management of a process or business with accountability for risk.)
Certification in one or more of the following: CPA, CAMS, CRCM, CIA, CISA or Commissioned Bank Examiner designation
A BS/BA degree or higher
Experience at a financial institution or accounting firm
Strong understanding of financial regulatory environment
Solid knowledge and understanding of audit or risk methodologies and supporting tools
Other Desired Qualifications
Proven leadership experience with multi-functional teams across multiple locations
Ability to travel up to 25% of the time
Location: Charlotte, NC; Minneapolis, MN; Des Moines, IA; Phoenix, AZ; other Wells Fargo hub locations may be considered.
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: 5551913-1
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