Senior Analyst

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 20 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

The Controller’s Division provides subject matter expertise and advice regarding financial reporting, tax treatment, accounting, and internal control activities across all business groups and enterprise functions. The team is responsible for the production and filing of complete and accurate financial and tax reports to the SEC and the bank regulatory agencies, and for the governance and oversight of Financial Reporting risk throughout the enterprise due to its role as an Enterprise Control Activity. The division includes the following functional areas: Accounting Business Unit Support, Accounting Operations, Enterprise Controls & Oversight, Enterprise Financial Reporting (includes Accounting Policy), and Corporate Tax.
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 Overseeing compliance with Wells 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 policies (proactive anticipation of internal control related matters)

Responsibilities

• Performing and/or Leading the following for internal control testing Partnering with Business Process and Control Owners to document significant in-scope 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 business processes and ensure required COSO documentation is accurate and reflects relevant risk and key controls.
• Partnering with Business Process and Control Owners in the creation of process risk assessments 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 Business COSO testing of key controls, 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 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

Essential Qualification

• 4-6 years of experience in one or a combination of the following Auditing, Accounting, Analytics, Reporting
• A BS/BA degree or higher in accounting, finance, or economics
• Refined and professional verbal and written communications
• Big four public accounting experience, A Masters of Business Administration (MBA) or a Certified Public Accountant (CPA) or Chartered Accountant (CA) or Certified Internal Audit (CIA) Designation
• Experience with large financial institutions
• 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, and someone who is able to withstand challenges and adapt accordingly.
• This individual should have COSO documentation and testing experience
• Prioritize multiple tasks in a fast-paced environment with critical deadlines

Desired Qualifications

• Strong critical thinking skills with ability to credibly challenge status quo
• 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. 65244