Dec 11, 2019
Job Description Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume prior to 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. 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 disclosure, 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. RBR is looking for a senior reporting consultant to join its team to prepare, review and analyze the Advanced Risk Weighted Assets (RWA) components that are included in the Pillar 3 disclosure report and Internal Management Reporting decks. This key analytical role will also support earnings estimate process, FFIEC 101 report production process and management reporting 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 Senior 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: Responsible for end to end preparation of Pillar 3 disclosure report. This task includes preparation of work papers, memos, variance analysis, performing and resolving validation checks, and timely filing of the report. Responsible for compilation of all Compliance Rationale Documentations (CRD) related to Basel Advanced to demonstrate compliance with the regulatory rules and instructions. Responsible for tracking, monitoring, and summarizing the capital and RWA impacts of all Issues and Errors (I&E) from various line of business (LOB) reported during the quarter. 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 and FFIEC 101 report preparation process, as needed. Obtain and maintain Subject Matter Expertise and knowledge of the Basel Advanced and Standardized RWA methodology and related impacted regulatory reports including Pillar 3 disclosure requirements and FFIEC 101Call Report RC-R, FR Y-9C HC-R and FR Y-14Q Schedule D. 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 and business requirements documentation for regulatory reports. Support ad-hoc report requests, projects related to emerging capital rules, and other business initiatives as requested by your manager. Required Qualifications 6+ 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 4+ years of experience in one or a combination of the following: finance, accounting, analytics or reporting 2+ years of SQL experience 3+ years of experience working with laws, rules and regulations within regulatory guidelines or policies Desired Qualifications A BS/BA degree or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting Ability to manage effectively in a matrixed organization Strong analytical skills with high attention to detail and accuracy Excellent verbal, written, and interpersonal communication skills Big four public accounting experience Chartered Financial Analyst (CFA) or Certified Public Accountant (CPA) 2+ years of business systems analysis or design experience Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important Superior project management skills including the ability to handle multiple projects concurrently Other Desired Qualifications Experience with SQL, Essbase 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 create/maintain complex spreadsheets Risk and Control awareness with familiarity to COSO framework Street Address NC-Charlotte: 11625 N Community House Road - Charlotte, NC CA-SF-Financial District: 343 Sansome St - San Francisco, CA MN-Minneapolis: 550 South 4th St - Minneapolis, MN 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.
San Francisco, CA, USA