About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.96 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 47 on Fortune's 2023 rankings of America's largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy.
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Internal Audit
Audit is a provider of independent, objective assurance services delivered through a highly competent and diverse team. As a business partner, Audit helps the company accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
The Role:
The Senior Audit Director will report to the Chief Audit Director, Corporate Risk, and will collaborate and partner with other specialist audit teams, as appropriate, to ensure comprehensive Compliance audit coverage. In this role, the Senior Audit Director will lead a team of 80 audit professionals and will be responsible for building and maintaining a highly engaged expert team.
Specifically, this leader will:
- Maintain credible, collaborative and influential relationships with senior management, other risk organizations, and regulatory agencies
- Evaluate current audit approaches and audit practices. Provide thought leadership on leading industry practices and drive continued maturation and evolution of the audit function
- Develop and execute an annual audit plan that evaluates critical risks to Wells Fargo and applies strong, pragmatic professional judgment
- Communicate audit results to senior executives and using the role within Audit to influence the organization
- Identify thematic risk trends observed across the portfolio for purposes of influencing strategic control direction and process maturity
- Keep abreast of changes to regulatory requirements and emerging technologies
- Partner with management to identify and anticipate impact of a changing environment and effectively develop audit strategies to address significant risk
- Recruit, develop, motivate and retain audit talent within Internal Audit
- Manage people, projects, and workflow across multiple geographies
- Represent Corporate Risk Audit as a highly engaged, visible, and influential leader
- Provide vision and set direction for multiple high impact initiatives and teams to achieve long-term strategic objectives that impact organization and management across functions
- Provide advice and offer credible challenge to internal business line leaders on the implications of business trends, issues, operating environment changes and line of business strategies
- Assess the strategic audit, risk management and control effectiveness, and governance structure of a specific line of business
- Support and participate in decisions related to Audit initiatives and strategic direction
- Direct on-going enhancement of internal and external formal reporting, audit review and research, and communications mechanisms
- Maximize accuracy and efficiency when sharing results to company leadership and regulatory agencies
- Develop effective internal and external working relationships with more experienced business leaders
- Manage allocation of people and financial resources to ensure commitments are met and align with strategic objectives in Audit
- Develop and guide a culture of talent development to meet business objectives and strategy
The successful candidate for this role will demonstrate the leadership skill necessary to collaboratively build and lead a high-performing team of internal audit professionals to drive business results through leadership effectiveness and employee engagement; contributing to broad enterprise strategy with a One Wells Fargo lens; and furthering the company's strong risk management culture by living the Expectations of Wells Fargo. This leader must be capable of initiating action and managing change. The position requires a leader with strong relationship management, influencing, vision, and execution skills. A key differentiator will be the ability to understand and operate successfully in a complex, heavily matrixed corporate environment. The role requires a sense of urgency, passion for excellence and results, and personal accountability for achievement and outcomes.
Required Qualifications:
- 8+ years of Audit, Risk experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 4+ years of management experience
- Audit management experience at a large financial institution or audit firm
- Demonstrated ability to influence and collaborate with key stakeholders across senior levels in an organization
- Experience leading audit, risk, or regulator teams focused on auditing Compliance functions
- A Bachelor of Science or Bachelor of Arts degree, or higher
- Comprehensive knowledge and understanding of audit methodologies and tools that support audit processes as well as the regulatory landscape
- Good understanding of Institution of Internal Audit (IIA) standards, regulatory requirements, and industry guidelines
- Proven leadership experience with multi-functional teams across multiple locations
- Proven leadership experience building highly talented individuals and teams
- Certification in one or more of the following: CIA, CPA, or Commissioned Bank Examiner
- Ability to travel up to 20% of the time
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$207,900.00 - $431,900.00
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
27 Feb 2025
* 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.
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.