About this role:

Wells Fargo is seeking a Financial Reporting Analyst

In this role, you will:

Meet the company’s regulatory, Security and Exchange Commission and other external financial reporting requirements

Support external financial reporting activities with a thorough understanding of reporting requirements, end to end reporting processes, and data needed to deliver accurate and complete financial reporting

Support implementation of moderate to complex projects and initiatives

Provide accounting technical regulatory capital and regulatory reporting guidance

Identify compliance and risk management requirements for supported area

Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals

Communicate and provide consultation with experienced stakeholders throughout the enterprise

Required Qualifications:

2+ years of Finance, Accounting, Financial Reporting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

B.SC/B.Tech/MBA degree or higher preferred with experience in one or a combination of the following: finance, accounting, analytics and reporting

Mandatory SAS certification with proven ability to independently develop, execute and troubleshoot SAS programs and queries for regulatory, reconciliation and analytical use cases.

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

Financial Services analytics experience would be a plus

Project management experience and/or certification would be a plus

Advanced Degree in SAS programming

Job Expectations:

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,500 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy.  With approximately 273,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

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 and Bengaluru locations

Department Overview

Regulatory and Basel 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 Financial Reporting Associate Manager 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

Obtain and maintain SME knowledge of the Capital, Basel Advanced and Standardized RWA methodology and related impacted regulatory reports including FFIEC 101, Pillar 3, Call Report RC-R, FR Y-9C HC-R and FR Y-14Q Schedule D

Ensure the compliance with requirements under the Company’s Regulatory and Risk Reporting Governance & Oversight Framework including desktop procedures, work papers, and EUCT controls for the assigned regulatory reports; provide guidance and support to the department in completion of all required deliverables

Posting End Date: 

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.