Dec 03, 2020

EMEA Regulatory Reporting Controls Lead

  • Wells Fargo
  • London, UK

Job Description

About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Market Job Description
EMEA Controllers group is responsible for regulatory, financial, and management reporting requirements in the region. As well as forming a key part of the International Controllers organization, the team provides local support for varied financial services business lines as well as the EMEA CFO/management team.

This role will report to the Regulatory Controller, with responsibility for oversight of the control environment supporting accurate and timely Regulatory Reporting covering a range of EMEA legal entities. The role will operate in conjunction with stakeholder within the team and across Wells Fargo to help develop best in class control structures as part of a process of constant enhancement.

Primary areas of responsibility

  • Responsible for overall management and coordination of the control agenda impacting EMEA Controllers, acting as a clear point of ownership for both internal and external stakeholders
  • Implement governance structures within the EMEA Controller team to help manage key elements of the control & risk management agenda in an agile and transparent fashion
  • Support ongoing development of a robust and comprehensive regulatory reporting control framework
  • Engage with internal and external stakeholders to maintain a clear view on best in class control principles, and regulatory expectations - embed governance processes to perform recurring gap analysis against those expectations, and drive remediation where necessary
  • Develop relationships with key stakeholders charged with managing the firmwide control agenda (including stakeholders across 1 st , 2 nd , and 3 rd lines of defence), and act as the initial point of contact/subject matter expert for control related matters impacting the EMEA Controller team
  • Support development of a 'best in class' EMEA Controller team, and by extension the International Controllers organization by aligning to key principles and priorities set by the International Controller and EMEA CFO
  • Support the digital transformation agenda within the EMEA Controller function, as a way of mitigating operational risk, ensuring that key control principles are embedded at the heart of automation and efficiency efforts
  • Engage with key stakeholders to support planning, testing and implementation of projects and initiatives, which affect the regulatory reporting teams, ensuring key control principles are embedded in new processes, infrastructure etc
  • Support and coordinate management of control weaknesses in line with bank protocols, including assessing, recommending and supporting remediation for all identified issues in line with agreed timelines
  • Ensure operational documentation is maintained and is best in class
  • In addition to these functions, employees are required to carry out such other duties as may reasonably be required.

Market Skills and Certifications
Skills/Experience Required:

  • Experience managing control activity within a financial & regulatory controller team
  • Knowledge of financial services/products
  • Strong knowledge of core regulatory and financial reporting responsibilities and outputs (capital & liquidity, financial & statistical, and core financial reporting)
  • Self-motivated with the ability to work independently within a team structure.
  • Innovative mindset, with a track record of process enhancement, and knowledge of tools and products to support effective transformation
  • Clear understanding of control principles, and the ability to collaborate effectively and influence control and risk management stakeholders across the firm
  • Clear understanding of internal and external expectations/policies in respect of controls and governance
  • Strong communication skills, with the ability to present concisely and accurately to senior audiences
  • Intuitive; fast learner with good problem solving skills.
  • Good time management and organisational skills.

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.

Team members support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.

Security Clearance

NO Security Clearance

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