Senior Lead Auditor - Regulatory Reporting

Wells Fargo
London, United Kingdom
15 Oct 2020
13 Nov 2020
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Market Job Description

Participates in integrated audits of regulatory reporting processes and leads execution of the audit process (primarily as in-charge and in some cases as engagement supervisor), in accordance with WFAS policy. With guidance/support from the Engagement Supervisor (Audit Manager/Senior Audit Manager). The Senior Audit Leader is responsible for accurately assessing risks and controls, developing effective test plans, exhibiting appropriate judgement regarding issue notification, drafting findings and final audit reports and leading communication with clients.

(Note: In addition to these functions employees are required to carry out such other duties as may reasonably be required)

  • Lead Audits of regulatory reporting process primarily as in-charge and in some cases as engagement supervisor.
  • Identify and assess key risks and controls and develop effective test plans for engagements with limited guidance.
  • Work within deadlines and manage multiple tasks.
  • Exhibit appropriate judgement regarding issue notification, issues draft findings to client management, and draft final audit reports for review by the Engagement Supervisor or Senior Audit Manager.
  • Demonstrate depth and breadth of knowledge and understanding of risks (operational, financial, regulatory etc.) across multiple businesses.
  • Support the Senior Audit Manager as needed in regional governance forums and develop/maintain strong relationships with local personnel.
  • Demonstrate excellent communication skills and the ability to influence across multiple levels of management.
  • Support regional manager by interacting with regional, US and APAC Internal Audit personnel to fulfill regional regulatory requests.

Market Skills and Certifications
  • BA or BS degree with courses taken in audit, business, finance, accounting or computer science a clear advantage
  • CIA/IIA/CISA or equivalent
  • An MBA or professional certification (either ACA/CPA, CFA or equivalent) is a plus, as is previous securities, compliance or operations experience.
  • Experience with regulatory reporting (COREP, FINREP, etc.)
  • Specific industry knowledge of corporate and investment banking, fixed income products origination, sales and trading, equities sales, treasury products, asset management and related Risk, Compliance, Technology and Operations.
  • Demonstrates professional skepticism.
  • Sound understanding of internal audit, risk management and risk advisory skills.
  • Proven ability to effectively lead projects, collect and analyze data, develop and communicate recommendations and provide effective performance feedback to team members.
  • Well developed planning, organizing and staff management skills
  • Proven ability to work within deadlines and manage multiple tasks. Demonstrate excellent communication and ability to influence change.
  • Self-awareness, conflict resolution skills, individual accountability and a passion for learning are also critical.

We Value Diversity

At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.

Team members 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.

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