About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. 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.
Market Job Description
About Wells Fargo India
Wells Fargo India enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Technology, Operations, Risk, Audit, Process Excellence, Automation and Product, Analytics and Modeling. We are operating in Hyderabad, Bengaluru and Chennai locations.
Department Overview
Enterprise Controls & Oversight ("EC&O") within the Controller's Division is a governance and oversight team dedicated to Wells Fargo's system of internal control over financial, regulatory, and risk reporting. We are responsible for establishing policy, delivering training and guidance, and monitoring compliance with the COSO Policy and the Governance & Oversight Framework.
About the Role
The Business COSO team supports the Company's on-going objective of maintaining an industry leading financial reporting control environment and is responsible for the following directives Providing meaningful assessments of financial, risk, and regulatory reporting control environment and Overseeing compliance with Well Fargo & Company's COSO based policies for internal controls over financial reporting (SEC and Regulatory Reporting) and strategic planning for on-going compliance with the COSO polices (proactive anticipation of internal control related matters) and Monitoring new and emerging internal control related guidance and issues and assist with facilitating group-wide training to interested and impacted stakeholders and Providing consultation and subject matter expertise for process and control related matters including evaluating severity of control deficiencies and related remediation efforts and Providing process and control support and thought leadership for projects and Interfacing with external auditors, regulators and others on control related matters and Acting as a change agent for continual improvement of the control environment.
Responsibilities
- Team Member will contribute to the development and leadership of the Business COSO team by Managing a COSO monitoring team responsible Performing walkthroughs of significant processes and ensure required COSO documentation is accurate and reflects relevant risk and key controls.
- Validating and challenging risk assessment conclusions, including assessing appropriateness and completeness of key risk and key controls identified.
- Validating and providing challenge to identification of shared services, third party service providers, and significant applications.
- Supervising COSO testing of key controls, including design effectiveness assessments and operating effectiveness testing.
- Confirming and challenging documentation of control deficiencies, including issue description, root cause, unmitigated impact, and corrective actions.
- Analysis of the severity of control deficiencies, both individually and in the aggregate, and the impact to internal control over financial reporting.
- Evaluating the impact of control deficiencies to existing processes and controls.
- Building relationships and collaborating with key stakeholders in the SEC and Regulatory Reporting internal control infrastructures.
- Assisting with projects impacting the team including implementing the Company's COSO-based Regulatory Reporting Governance & Oversight Framework and the 2013 COSO Framework.
Market Skills and Certifications
JOB TITLE - Financial Planning & Control Analyst 5
Essential Qualifications
- 5-8 years of experience in one or a combination of the following: Auditing, Accounting, Analytics, Reporting
- University degree in BS/BA degree or higher in Accounting, Finance or Economics.
- Refined and professional verbal and written communications
- The successful candidate will be a highly motivated team player that is a self-starter who is accustomed to working in complex organizations with a diverse group of stakeholders.
- Someone who is able to withstand challenges and adapt accordingly.
- This individual should have COSO documentation and testing experience.
- Additionally, the candidate should possess a significant amount of professional presence and be accustomed to presenting material to senior executives.
Desired Qualifications
- Big four public accounting experience, A Masters of Business Administration (MBA) or a Certified Public Accountant (CPA) or Chartered Accountant (CA) Designation
- Experience with governance and oversight accountabilities
- Experience with large financial institutions
- Prioritize multiple tasks in a fast-paced environment with critical deadlines
- Advanced knowledge of Excel, PowerPoint
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. |
