Wells Fargo & Company (NYSE: WFC) is a leading global financial services company with $2.0 trillion in assets and offices in over 37 countries. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides asset management, capital raising and advisory, financing, foreign exchange, payments, risk management, and trade finance services to support customers who conduct business in the global economy. At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We also value the viewpoints of our team members and encourage them to be their best. 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. Learn more at our International Careers website.
Market Job Description
About Enterprise Global Services
Enterprise Global Services (EGS) enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions across Technology, Operations, Risk, Audit, Process Excellence, Automation and Product, Analytics and Modeling. EGS operates in Hyderabad, Bengaluru and Chennai in India and in Manila, Philippines. Learn more about EGS at our International Careers website.
The Enterprise Finance function contains the Corporate Controllers division, which includes the Enterprise Controls & Oversight (ECO) group. The Enterprise COSO testing team is a component of ECO. Enterprise COSO testing professionals and will have enterprise-wide exposure to key stakeholders within the external financial/risk/regulatory reporting infrastructure
About the Role
The role is for Financial Controls & Oversight Manager – ITGC Domain Senior Consultant
IT COSO team is responsible for:
Providing meaningful assessments of IT control environments impacted by financial, risk, and regulatory reporting;
Assessing adherence to Well Fargo & Company's COSO based policies for IT controls impacted by internal controls over financial reporting (SEC and Regulatory Reporting) and strategic planning for on-going IT control adherence to 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 IT 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 responsible for the following team directives:
Performing and/or Leading the following for IT General Control (ITGC) testing:
Partnering with IT Process and Control Owners to document significant in-scope IT processes according to corporate COSO policy (both process narratives and process flow diagrams). Additionally, assessing the appropriateness and completeness of key risk and key controls identified;
Performing walkthroughs of significant IT processes and ensure required COSO documentation is accurate and reflects relevant risk and key controls;
Partnering with IT Process and Control Owners in the creation of process risk assessments (RAM) as well as validating and challenging risk assessment conclusions;
Validating and providing credible challenge to identified shared services, third party service providers, and significant applications;
Creating Test Plans to perform IT COSO testing of key ITGCs, including design effectiveness assessments and operating effectiveness testing;
Performing first level review of workpapers ensuring that testing objectives are met with quality.
Validating and challenging documentation of control deficiencies, including issue description, root cause, unmitigated impact, and corrective actions;
Analyzing the severity of control deficiencies, and their impact to internal control over financial reporting;
Validating corrective actions and issues;
Interfacing with KPMG external auditors, G&O and Issue Management team to assist with assessment of COSO issues.
Building relationships and collaborating with key stakeholders in the applicable line of business (IT) functions related to assigned process areas
Ability to withstand challenges, be flexible and adapt accordingly
Assisting with projects impacting the team.
Market Skills and Certifications
Graduate in Accounting, Finance or any other related discipline.
4+ years of experience in one or a combination of the following: Auditing, Finance, Accounting, Analytics, Reporting
A Masters of Business Administration (MBA) or a Certified Public Accountant (CPA)
Knowledge and understanding of regulatory agencies: Federal Reserve and OCC
Intermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
Intermediate Microsoft Visio skills
Ability to prioritize, meet deadlines, and achieve goals and work under pressure in a dynamic and complex environment
Excellent verbal, written, and interpersonal communication skills
Ability to take on a high level of responsibility, initiative, and accountability
Ability to present to executives
Minimum five years at Big Four/super regional public accounting firm with experience in IT audit and/or IT SoX advisory/consulting service
Prefer one or more of the following certifications: CISA, CISM, CISSP
Practical experience performing IT audit/IT COSO ITGC testing
Strong knowledge of the COSO and COBIT 5 frameworks
Experience with large financial institutions
Strong critical thinking skills with ability to credibly challenge status quo; experience with continuous improvement of ITGC testing processes and results
A self-starter who is accustomed to working in complex organizations, partnering with a diverse set of stakeholders and achieving results.
Strong relationship management skills; ability to negotiate difficult positions without harming relationships
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.
Internal Number: 46637BR
About Wells Fargo
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