Financial Reporting Associate
- Employer
- Wells Fargo
- Location
- Chennai
- Posted
- Dec 06, 2024
- Closes
- Dec 09, 2024
- Ref
- 4964995494
- Role
- Analyst, Financial Analyst
- Level
- Associate
- Certification
- Other
- Work Mode
- Work from office
- Hours
- Full Time
- Organization Type
- Corporate
- 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 (http://wellsfargo.com/stories) . About Wells Fargo India Wells Fargo India (https://www.wellsfargojobs.com/WF-India-PHL) 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 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 Regulatory and Basel Reporting is a functional area within the Corporate Controller's division responsible for delivering timely, accurate, and complete external regulatory reporting.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 Financial Reporting Associate 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
- 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
- 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
- Essential Qualification
- B.COM/CA/MBA 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
- Desired Qualifications
- 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
Financial Reporting Associate - RBR - Basel Reportin
Posting End Date:
7 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 (https://www.wellsfargojobs.com/en/diversity/disability-inclusion/) .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy (https://www.wellsfargojobs.com/en/wells-fargo-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.
Req Number: R-420134
- 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
- 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
- Essential Qualification
- B.COM/CA/MBA 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
- Desired Qualifications
- 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
Financial Reporting Associate - RBR - Basel Reportin
Posting End Date:
7 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 (https://www.wellsfargojobs.com/en/diversity/disability-inclusion/) .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy (https://www.wellsfargojobs.com/en/wells-fargo-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.
Req Number: R-420134