About this role:
Wells Fargo is seeking a Financial Reporting Associate.
In this role, you will:
- Provide support for 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
- Receive direction from a manager and exercise independent judgment while developing understanding of compliance and risk management requirements for the supported area
- Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
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- 6+ months of Finance, Accounting, Financial Reporting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- B.Com/M.Com/CA/MBA(Finance) degree or higher preferred with up to 2 to 5 years of experience in one or a combination of the following: finance, accounting, analytics, and reporting
- Ability to actively participate in workflow and task execution within a team environment
- Experience in Regulatory Reporting/Financial 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.
- Strong analytical skills with high attention to detail and accuracy
- Financial Services analytics experience would be a plus
- Project management experience and/or certification would be a plus
- Support the preparation of FED reports like FR 2420, TFC 1 & 2 & FR Y-15
- Support the preparation of SEC Reports like Form 8K (Earnings Release), 10Q (Quarterly Report) and 10K (Annual Report)
- 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.
- Support the quarterly earnings estimate process to compile estimates of the Supplementary Leverage Ratio and Supplementary Leverage Exposure.
- 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
- Perform and develop new validations, reconciliations, checks, period over period variance analysis and other analytics to ensure adherence of the reports/presentations to the regulatory instructions and guideline
- Partner with Corporate Accounting Policy, LOB Controllers and the Regulatory Interpretations Team to ensure the consistent adherence to regulatory rules including assessment of scheduled changes
- Be part of key projects to support the RBR Reporting Team in meeting the changing and heightened expectation of regulatory reporting requirements. This includes supporting deliverables for key strategic Enterprise Finance projects
- Implement change management effectively communicating regulatory reporting changes to all stakeholders to ensure appropriate implementation of new or revised regulatory reporting requirements
- 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
- 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.
- Support ad-hoc report request for reporting analysis and issue investigation.
Posting End Date:
30 Dec 2024
*Job posting may come down early due to volume of applicants.
We Value Diversity
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
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 US: 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.
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.