Sep 13, 2019
Job Description 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. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Founded in 1852, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial financial services through more than 8,600 locations, 13,000 ATMs, online (wellsfargo.com), and mobile devices. Wells Fargo is headquartered in San Francisco, but we are decentralized so every local Wells Fargo store is a headquarters for satisfying our customers' financial needs and helping them succeeds financially. We do business with 70 million customers and one in three U.S. households. Wells Fargo has approximately 269,000 team members in 36 countries and territories across our more than 90 businesses. Enterprise Finance 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. The Team The Regulatory and Basel Reporting team (RBR) is responsible for timely and accurate regulatory filings. This work effort includes application of Basel Advanced RWA (FFIEC 101, Pillar 3, and Internal Management Reporting) reporting instructions, collection of data necessary to populate reports, and understanding of trends and variances in reporting line items. The Role 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 data management and the COSO-based governance and oversight framework. RBR is looking for a reporting consultant to join its team to prepare, review and analyze the Advanced Risk Weighted Assets (RWA) components that are included in the Internal Management Reporting decks. This key analytical role will also support earnings estimate process and management information critical to communicating our capital position and related key ratios. In addition to the core reporting responsibilities, this key function will also support related process improvement and implementation initiatives. This position will be coordinating with key partners including the line of business data providers to deliver timely and accurate reports. The Basel Reporting Consultant will directly communicate with management, business line controllers, and banking regulators, including the Federal Reserve Board and FDIC providing prompt reporting status and appropriate responses to questions / enquiries. 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 Basel Reporting process is well-controlled and sustainable is also a fundamental requirement. This includes working with remote staff based on the RBR global reporting model. The successful candidate will have a demonstrated history of being an independent self-starter, capable of working efficiently to meet tight deadlines and adapt in a changing environment. Key Responsibilities include: Obtain and maintain SME knowledge of the Basel Advanced and Standardized RWA methodology and related impacted regulatory reports including FFIEC 101, Pillar 3, Call Report RC-R, FR Y-9C HC-R and FR Y-14Q Schedule D Compile capital package and related materials for management reporting on a quarterly basis Perform and develop new validations, reconciliations, checks, period over period variance analysis and other analytics to ensure adherence of the reports/presentations to the regulatory instructions and guidelines Support the earnings estimate process to compile estimates of the regulatory ratios for internal management reporting Partner with Corporate Accounting Policy, LOB Controllers and the Regulatory Interpretations Team to ensure the consistent adherence to regulatory rules including assessment of scheduled changes Be part of key projects to support the RBR Reporting Team in meeting the changing and heightened expectation of regulatory reporting requirements. This includes supporting deliverables for key strategic Enterprise Finance projects Implement change management effectively communicating regulatory reporting changes to all stakeholders to ensure appropriate implementation of new or revised regulatory reporting requirements Ensure the compliance with requirements under the Company's Regulatory and Risk Reporting Governance & Oversight Framework including desktop procedures, work papers, and EUCT controls for the assigned regulatory reports; provide guidance and support to the department in completion of all required deliverables Provide input to impact of reporting deficiencies; communicate and facilitate the discussion with line of business reporting team for resolution; track and document the resolution implementation cycle from report owner perspectives. Follow the established amendments framework as required Updating and creating pseudo code for regulatory reports Support ad-hoc report request for reporting analysis and issue investigation Required Qualifications 4+ years of experience in one or a combination of the following: finance, accounting, analytics and reporting; or a BS/BA degree or higher in Finance, Accounting, Statistics, Economics, Business and 2+ years of experience in one or a combination of the following: finance, accounting, analytics or reporting 1+ year of SQL experience Desired Qualifications A BS/BA degree or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting Ability to successfully operate in a complex and matrixed environment 2+ years of business systems analysis or design experience Big four public accounting experience 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 Strong analytical skills with high attention to detail and accuracy Superior project management skills including the ability to handle multiple projects concurrently Chartered Financial Analyst (CFA) or Certified Public Accountant (CPA) Knowledge and understanding of Basel III reporting Extensive knowledge and understanding of research and analysis Other Desired Qualifications Experience with SQL, Essbase, Oracle and data analysis experience with ability to handle large volumes of data sets from different sources systems Understanding of BASEL III capital rules and previous regulatory reporting experience in the preparation of various US Regulatory Reports such as FR Y-9C, Call Report, FFIEC 101, or CCAR 14Q/M/A schedules Self-starter and ability to work high degree of independence Advanced Proficiency in Microsoft PowerPoint, Excel, Visio and ability to create/maintain complex spreadsheets Risk and Control awareness with familiarity to COSO framework Street Address CA-SF-Financial District: 343 Sansome St - San Francisco, CA Disclaimer 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.
Charlotte, NC, USA