Financial Controls Analyst

About this role:

Wells Fargo is seeking a Financial Controls Analyst…

The Enterprise Finance function contains the Corporate Controllers division, which includes the Enterprise Controls & Oversight (EC&O) group. The Enterprise COSO testing team is a component of EC&O. Enterprise COSO testing professionals and will have enterprise-wide exposure to key stakeholders within the external financial/risk/regulatory reporting infrastructure.

The Enterprise COSO Testing team within EC&O supports the Company’s on-going objective of maintaining an industry-leading information technology control environment and is responsible for the following directives:

• Providing meaningful assessments of application controls in scope for financial, risk, and regulatory reporting;
• Assessing compliance with Well Fargo & Company’s COSO based policies for application controls in scope for internal controls over financial reporting (SEC and Regulatory Reporting) and strategic planning for on-going application control compliance with COSO policies (proactive anticipation of internal control related matters);
• Monitoring new and emerging internal control related guidance and issues and assist with facilitating group-wide training to interested and impacted stakeholders;
• Providing consultation and subject matter expertise for process and application control related matters including evaluating severity of control deficiencies and related remediation efforts;
• Providing process and control support and thought leadership for projects;
• Interfacing with external auditors, regulators and others on control related matters; and,
• Acting as a change agent for continual improvement of the control environment.

This individual will be a member of the Enterprise COSO Testing team responsible for the following team directives:

• Performing COSO Monitoring responsibilities including:
  • Performing walkthroughs of significant processes and ensure required COSO documentation is accurate and reflects relevant risk and key controls;
  • Performing COSO testing of key controls, including design effectiveness assessments and operating effectiveness testing;
  • Validating and challenging risk assessment conclusions, including assessing appropriateness and completeness of key risk and key controls identified;
  • Validating and providing credible challenge to identified shared services, third party service providers, and significant applications;
  • Validating and challenging documentation of control deficiencies, including issue description, root cause, unmitigated impact, and corrective actions;
  • Analyzing the severity of control deficiencies, both individually and in the aggregate, and the impact to internal control over financial reporting;
  • Assessing the components of internal control for the business unit;
  • Monitoring open control deficiencies and validating corrective actions.
• Building relationships and collaborating with key stakeholders in the applicable line of business and IT functions related to assigned process areas.
• Assisting with ad-hoc projects.

In this role, you will:

• Consult with the line of business and enterprise functions on financial reporting or information technology governance, and controls and oversight matters
• Identify compliance and risk management requirements for supported area
• Provide oversight for testing and monitoring involving moderate to complex subject matter or control areas
• Communicate and provide consultation regularly with stakeholders throughout the enterprise
• Implement, operate, and report results of certain elements of the company’s policy, governance and oversight framework
• Support implementation of moderate to complex projects and initiatives
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals

Required Qualifications, US:

• 2+ years of Finance, Accounting, Analytics, Reporting or Business and Technology Audit experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

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
• Big four public accounting experience
• A Masters of Business Administration (MBA) or a Certified Public Accountant (CPA) Designation
• Knowledge and understanding of regulatory agencies: Federal Reserve and OCC
• Ability to present results of analyses and recommendations to senior leaders
• Experience presenting technical concepts to senior leaders
• Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
• Excellent verbal, written, and interpersonal communication skills
• Ability to translate and summarize complex data into understandable, actionable information and recommendations
• Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
• Intermediate Microsoft Office skills
• Internal controls testing experience
• Ability to take on a high level of responsibility, initiative, and accountability

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees 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.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.