Financial Controls & Oversight Consultant
About the Job
At Wells Fargo, we want to satisfy our customers’ financial needs and help them succeed financially. We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Enterprise Finance drives financial management for the company and maintains and enhances risk and financial controls. Key functions within Enterprise Finance include finance and accounting; Treasury; corporate development, mergers, and acquisitions; Data Management and Insights, the Customer Remediation Center of Excellence, Enterprise Shared Services, Business Process Management, and Corporate Strategy. Enterprise Finance informs shareholders, regulators, taxing authorities, team members, and leaders of the company’s financial performance through earnings releases, investor meetings and conferences, and meetings with regulators and credit rating agencies, following appropriate reporting guidelines. They also maintain and enhance risk and financial controls and lead many of the company’s shared services functions including corporate properties, security, and global services.
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 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);
- 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 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 Business COSO team responsible for the following team directives:
- Performing COSO Monitoring team responsibilities including:
o Performing walkthroughs of significant processes and ensure required COSO documentation is accurate and reflects relevant risk and key controls;
o Validating and challenging risk assessment conclusions, including assessing appropriateness and completeness of key risk and key controls identified;
o Validating and providing credible challenge to identified shared services, third party service providers, and significant applications;
o Performing COSO testing of key controls, including design effectiveness assessments and operating effectiveness testing;
o Validating and challenging documentation of control deficiencies, including issue description, root cause, unmitigated impact, and corrective actions;
o Analyzing the severity of control deficiencies, both individually and in the aggregate, and the impact to internal control over financial reporting;
o Assessing the components of internal control for the business unit;
o Monitoring open control deficiencies and validating corrective actions.
- Building relationships and collaborating with key stakeholders in the SEC and Regulatory Reporting internal control infrastructures; and,
- Assisting with projects impacting the team including implementing the Company’s COSO-based Regulatory Reporting Governance & Oversight Framework and the 2013 COSO Framework.
Other Desired Qualifications
- Ability to successfully operate in a complex and matrixed environment
- A BS/BA degree or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting
- Internal controls testing experience
- Asset Liability Management experience
- Recovery and Resolution Planning experience
- Market, Counterparty, or Operational Risk experience
All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.