Wells Fargo is seeking a Senior Regulatory Reporting Analyst to supporting our Regulatory and Basel Reporting team (RBR). The RBR team is responsible for filing regulatory reports with numerous regulatory agencies and currently has many ongoing projects related to the enterprise-wide implementation of data management and the COSO-based governance and oversight framework. This individual will primarily support and execute the reporting processes, related rules, and data dependencies for our Legal Entity, Edge Act and Foreign Subsidiary Reports (FR 2314, FR Y-11/S, FR 2886b).
In this role you will:
Obtain and maintain knowledge of the main LE Reporting requirements with focus on the following reports (FR 2314, FR Y-11/S, FR 2886b).
Cross-train to gain knowledge of the main IG Reporting requirements with focus in the integration of the more complex reports (FR Y-15, FR Y-12, TIC Reports, etc.) and enhancements to existing reports.
Collaborate with Corporate Accounting Policy, LOB Controllers and RIT to ensure that consistent adherence to regulatory rules including assessment of scheduled changes.
Be part of projects to support the RBR Reporting Teams in meeting the fast change and heightened expectation of regulatory reporting requirements. This includes supporting deliverables for key strategic 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 Reporting Governance & Oversight Framework including enhancements to 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.
Provide input to impact of reporting deficiencies; communicate and facilitate the discussion with line of business reporting team for resolution; track and document the resolution implementation cycle from report owner perspectives. Follow the established amendments framework as required.
Set standards for report review process to ensure the fulfillment of report preparer responsibilities with specific focus on value-add analytics.
Support ad-hoc report request for reporting analysis and issue investigation.
Required Qualifications
4+ years of Finance, Accounting, Financial Reporting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education. CPA preferred.
Desired Qualifications:
Working knowledge of regulatory compliance and familiar with COSO framework
Experience with the General Ledger and data reconcilement to regulatory reports (e.g., FR Y-9C)
Working knowledge of the other main US Regulatory Reports including -FR Y-15, FR Y-9C, FR 2510, FFIEC 009 and TIC Reports
Excellent verbal, written, and interpersonal communication skills
Strong analytical skills with high attention to detail and accuracy
Extensive knowledge and understanding of research and analysis
Ability to translate and summarize complex data into understandable, actionable information and recommendations
Job Expectations:
This position is not eligible for Visa Sponsorship
This position offers a hybrid work schedule
Posting End Date:
12 Sep 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.
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Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
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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.
