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, employees, 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.
CONTROLLER'S GROUP The Controller's Division is responsible for the Company's financial statements, establishing corporate accounting policies, preparing SEC and regulatory reports and ensuring the adequacy of internal controls. The Division also manages and supports the Company's General Ledger, Accounts Payable and Fixed Assets systems.
The Enterprise External Financial Reporting function is responsible for ensuring the overall accuracy in report production across US regulatory and SEC reporting. The Enterprise Financial Reporting team is in a state of rapid and dynamic change with the intent of excelling amongst our peers in performance and structural efficiency. The Financial Reporting Strategic Initiatives team is part of Enterprise External Financial Reporting and will be instrumental in achieving this goal.
Financial Reporting Strategic Initiatives is principally responsible for automating US regulatory reporting production processes. Primary responsibilities include ensuring that strategic initiatives are organized, communicated proactively, involve all necessary stakeholders, and are executed effectively in-line with firm-wide initiatives as it pertains to automated regulatory report production. These responsibilities culminate in the development of an instrument level regulatory reporting system capable of generating regulatory reports on an automated basis.
A candidate on this team must have a strong understanding and knowledge of financial institutions, including various departments, businesses, and products common to such organizations. Additionally, a successful candidate will need to partner with other functions throughout the firm (operations, technology, controllers, etc.) to accomplish strategic initiatives. Candidates for this team also must have a broad knowledge base in technical accounting and regulatory reporting for financial products. In addition, a successful candidate will have a deep understanding of regulatory reports and underlying instructions at the line-item level across various regulatory reports. Lead contributor positions are responsible for the accurate assessment and mapping of data elements to regulatory reports along with documentation of policy decisions and coordinating with support partners within the business and other corporate functions. Components of Role
Data Element Mapping: Identification of relevant data elements and determining alignment to specific regulatory report line items to generate accurate and consistent regulatory reports.
Interpretations / Judgments: Formal determination of line-item interpretation, documentation, and consistent application of such interpretations within current reporting and integration within automated report production.
Review and Data Approval: Review data mapping done supporting report production and opine as to the appropriateness to use such data in the production of automated regulatory reports.
Validation of Transformation Logic: Evaluate vendor supplied logic transforming source data to reporting elements and determine adequacy of compliance with regulatory instructions. Coordinate remediation with vendor where deficiencies are identified.
Support of Report Owner responsibilities: This includes but is not limited to
maintaining line of sight into end to end processes
understanding and challenging all reported numbers, as appropriate
understanding and coordinating implementation of report instruction changes
partnering with support groups (Governance & Oversight, Data Management, Analytics, Change Management, and Technical Interpretations) to improve the control environment
Role Description This is a lead contributor position that will be responsible for reporting transformation efforts within the Enterprise Financial Reporting Change Management team responsible for the development of a system and reporting logic to produce accurate production of significant regulatory reports such as the FRY-9C, all supporting schedules, FR Y-14M, FFIEC 031/041, among many other reports.
Responsibilities may include, but not be limited to the following:
Facilitate detailed alignment of financial product data elements to reporting logic to ensure accurate regulatory reporting
Review and ensure system logic and definitions are consistently applied to similar financial products and work with business partners to ensure data in systems of record are aligned
Drive transition of reports to the Lombard reporting system, utilizing the current data submission processes
Drive preparations for connecting to the future centralized data warehouse (multi-year project) to the Vermeg reporting system
7+ years of experience in one or a combination of the following: finance, accounting, analytics or reporting
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
Ability to lead projects/initiatives with high risk and complexity
Ability to organize and manage multiple priorities
Advanced Microsoft Office skills
Highly refined and professional verbal and written communications
Knowledge and understanding of regulatory reporting: Federal Reserve, OCC, and SEC
Strong analytical skills with high attention to detail and accuracy
Management consulting experience at a top-tier consulting firm
Experience with general ledgers and accounting policies
Knowledge and understanding of corporate governance, financial reporting systems, legal entities, and role of regulatory authorities
Other Desired Qualifications
Deep understanding of financial products (e.g., loans, securities, derivatives, etc.)
In-depth knowledge of line-item specific regulatory reporting guidance
Ability to document conclusions with well-founded supporting basis for policy decisions
Analytical thinking with focus on anticipation of potential issues
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.
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