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

Enterprise Financial Reporting is a functional area within the Corporate Controller’s division responsible for delivering timely, accurate, and complete external financial reporting. This includes but is not limited to US Regulatory Filings (SEC, FRB, OCC, FDIC) and standalone legal entity reporting.

About the Role

Enterprise Financial Reporting (Regulatory Reporting) is a functional area within the Corporate Controller’s division responsible for delivering timely, accurate, and complete external regulatory reporting.
The WFIP Offshore resources support the Financial Reporting Team by performing data collection, aggregation, consolidation, reconciliation, first-level analysis, pre-production activities, initial report preparation, and variance analysis and associated report preparation activities. They also perform operational processes such as data compilation, reconciliation, and schedule preparation.
Wells Fargo’s Regulatory and Basel Reporting team (RBR) WFIP Team is responsible for supporting the filing of regulatory reports with regulatory agencies and has many ongoing projects related to the enterprise-wide implementation of centralized data management infrastructure and the COSO-based governance and oversight framework.
RBR is looking for a Regulatory and financial reporting Senior Analyst to join the team to prepare, analyze and perform the first level review of the Regulatory RWA and Capital Reporting submissions and the related Data Quality Analysis. This role will be responsible for supporting the Report Owners including but not limited to preparation, primary analysis and review, Issue impact assessments supporting regulatory amendments and / or implementation of new accounting standards or regulatory rules. The candidate will be expected to have a working knowledge of Basel and the Advanced and Standardized Basel Risk Weighted Asset (RWA) reporting and related data inputs. This function will also provide support for related process improvement and regulatory reporting infrastructure implementation initiatives.

Responsibilities

• Candidates will be expected to leverage data quality analysis skills, and knowledge of tools like SQL, SAS, and Toad etc. Ability to undertake analytics related to Basel Capital Reporting would be an advantage.
• Validating BASEL Reconciliation Essbase cubes.
• Validate BASEL configuration files.
• Review the quarterly results of the BASEL reconciliation.
• Assist the BASEL Reconciliation staff with Power Point presentations.
• Candidates should be familiar with big data analysis supported by experience in Basel Capital Reporting.
• The Analyst will support compliance with requirements under the Company’s Regulatory Reporting Governance & Oversight Framework
• Provide support and input to impact of reporting deficiencies and related issue remediation.
• Responsible to document the process in detail that can be easily used to provide control documentation that can be utilized to provide as support for Wells Fargo Audit or the Regulators.

Market Skills and Certifications

Essential Qualification

• A B.SC/B.Tech/BA degree or higher preferred with up to 5 to 7 years of experience in one or a combination of the following: finance, accounting, analytics and reporting
• Demonstrate solid analytical skills from a Regulatory Reporting perspective. Specifically Basel and Capital Reporting.
• Ability to actively participate in work flow and task execution within a team environment
• Experience in US Regulatory Reporting highly desired
• Excellent verbal, written, and interpersonal communication skills
• Strong analytical skills with high attention to detail and accuracy
• Knowledge and understanding of research and analysis
• Ability to work effectively in a team environment and across all organizational levels
• Solid analytical skills including the ability to handle multiple projects concurrently

Desired Qualifications

• Financial Services analytics experience would be a plus
• Project management experience and/or certification would be a plus
• Advanced Degree in Analytics

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. 65280