Audit Management Senior Manager

Wells Fargo
London, United Kingdom
08 May 2022
18 May 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Audit Management Senior Manager - Commercial and Corporate & Investment Banking, London

At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Internal 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 Commercial Banking and Corporate & Investment Banking (CB/CIB) Audit team audits the following businesses: Middle Market Banking, Commercial Capital, Investment Banking, Sales and Trading, Commercial Real Estate, International (activities outside the US), Control Executive, and Chief of Staff. In addition to coverage of the aforementioned revenue and control function areas, the team in EMEA is responsible for providing regional co-ordination and facilitation across first and second line areas impacting EMEA and associated legal entities. This includes prescribed regulatory responsibilities under the Individual Accountability Regimes, as well as regional governance reporting requirements to Legal Entity Board Audit Committees.

We are filling a Audit Management Senior Manager (ASM) position in London who will have audit coverage responsibility within CB/CIB lines of business, regional governance, front line and second line programs. This ASM will be responsible for developing an audit plan and approach, perform oversight of an audit team (7+ professional auditors) in audit work execution and ensure audit engagements are completed with high standards of quality. In addition to a portfolio of his/her own coverage areas, the person we seek will work with Senior Level Audit leaders globally (including the EMEA Head of Internal Audit) to ensure high quality coverage.

The ASM will be responsible for building strong working relationships with key internal stakeholders including Senior Executive Leadership across first and second line control functions. Additionally, this person will interact with Regulators in multiple jurisdictions (regional and US) to describe audit coverage and results. The person we seek will have outstanding communication skills, strong Executive presence, and the proven ability to build and maintain strong relationships with key Business Partners and Regulators.

Specific Duties:

The ASM supervises integrated audit projects and provides guidance and oversight for the teams and engagements and may act as a subject matter expert in a consulting capacity. Audit Management Senior Managers demonstrate depth and breadth of knowledge that includes technology, operational, financial, and regulatory understanding across multiple businesses and may develop knowledge in a critical subject matter area.

Responsibilities include:
  • Managing a team responsible for a defined segment of the Audit Plan.
  • Accountable for assessing associated risks and controls and completing engagements within their segment of the audit plan.
  • Responsible for resource management and assisting broader team in overall audit plan completion.
  • Provides timely feedback, coaching, and monitoring of development plans.
  • Builds and maintains a proficient team of auditors.
  • Identify and evaluate existing and emerging risks, understand impacts to the audit plan, and implement appropriate adjustments to the audit plan that meet the heightened expectations of the group Internal Audit function, the Board of Directors, and regulators
  • Plan and organize work in an annual cycle, ensure audit engagements are risk-based and executed according to Internal Audit policies and guidance.
  • Influence audit universe and engagement scope decisions of relevant Internal Audit teams to ensure robust coverage.
  • Lead audit teams in the planning and execution of high risk and complex assurance and/or project audits spanning across multiple disciplines. Support scheduling activities across Internal Audit groups to ensure efficient use of global resources.
  • Interact with US , EMEA and APAC Internal Audit personnel to fulfill regulatory requests.
  • Ensures audit engagements are risk-based, and executed according to Audit policies and guidance.
  • Influence and provide credible challenge across multiple levels of management in the organization.
  • Develops and maintains strong business relationships with leadership across Wells Fargo and other stakeholders, such as regulatory agencies.
  • Represent Internal Audit in governance forums.
  • Ensure timely and quality monitoring and validation of regulatory and non-regulatory issues.
The ASM will also be expected to participate in strategic and tactical projects with personnel located in Europe, Asia Pacific, and the Americas. To this effect, the ideal candidate must exhibit strong project management skills, resourcefulness, and cross-cultural awareness.

Required qualifications:

10+ years of experience in one or a combination of the following audit or risk functions: covering risk identification, mitigation and management (includes audit, legal, operational risk, compliance risk, credit risk, market risk, technology risk, or the management of a process or business with accountability for risk.).

Minimum 2+ years of senior leadership experience.

Desired Qualifications:
  • Experience at a financial institution or accounting firm.
  • A BS/BA degree or higher.
  • Solid knowledge and understanding of audit or risk methodologies and supporting tools.
  • Certification in one or more of the following: ACA, ACCA, CPA, CAMS, CRCM, CIA, CISA.
  • Leadership experience for professional auditors, risk management, or project leadership professionals.
  • Strong understanding of financial regulatory environment.
  • Excellent verbal, written, and interpersonal communication skills.
  • Strong organizational, multitasking, and prioritizing skills.
  • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important.
  • Ability to execute in a fast paced, high demand environment while balancing multiple priorities.
  • Solid problem solving skills.
  • Good analytical skills with high attention to detail and accuracy.
Other Desired qualifications:
  • Ability to interact with Audit management and team members, business partners and regulators successfully.
  • Experience with Commercial and Corporate & Investment Banking products and operations. Knowledge of front, middle, and back-office activities.
  • Experience developing people and building the talent pipeline in a growing and changing environment.
  • Ability to influence positive changes to the risk and control environment in a large bank, offering credible challenge to senior and executive leaders.
  • Demonstrates an impact on organizational policies, procedures, and work-flows for better efficiency and effectiveness.
  • Ability to oversee high-quality audit work that has been leveraged by banking regulators.
Job Expectations
  • Ability to travel up to 20% of the time
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, or status as a protected veteran.

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.

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