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Financial Accountant

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Location: Beijing, China Job ID R-153108

Wells Fargo is seeking a Financial Accountant to lead the Beijing finance function and be responsible for all aspects of accounting, regulatory reporting, tax filings, audits and enterprise projects impacting the function.

This position will maintain effective internal controls for the preparation of regulatory, tax, legal entity and management reporting financials, delivering on regional infrastructure and platform initiatives. Additionally, is responsible for monitoring the capital and liquidity requirements for the Beijing branch, in partnership with other functions.

The position forms part of the Asia Pacific Finance team, which is responsible for supporting the business on the regional strategy by identifying, sizing, and executing on growth opportunities and efficiencies at the top of senior management’s agendas. The successful candidate will also be provided opportunities to participate and lead change and work on many strategic initiatives across the business in Beijing and the APAC region.


Responsibilities

  • Manages all aspects of the finance function for Beijing branch including but no limited to daily accounting processes, month end, quarter end and year end closing and statutory reporting.
  • Serves as the report owner and responsible for the governance and controls over local regulatory reports to CBIRC, PBOC and SAFE (also US/SEC regulatory reports); will be named with the local regulator and face off with internal and external auditors.
  • Reporting and monitoring of daily and weekly compliance ratios in accordance with local regulations.
  • Presenting results and financial updates to the management committee.
  • Implement and maintain the bank’s Governance and Oversight framework for accounting and regulatory reporting processes and ensuring compliance with a wide range of bank policies.
  • Leverages centralized reporting and provides local input into financial projections and insight into financial performance including cost allocations, income attribution and management reporting.
  • Working with other departments in relation to expense management, cash funding requirements and FX conversions etc.
  • Performing financial analyses and providing financial insights to branch management.
  • Coordinating external statutory account audits and periodic internal control effectiveness assessments.
  • Streamline existing processes to identify efficiencies, risks, automate workflows, reduce costs, improve productivity and mitigate financial & regulatory reporting risks.
  • Participates in the issues management process on behalf of Finance and Controllers including the escalation, reporting, and remediation of financial reporting errors and control deficiencies.
  • Ensures Enterprise priorities are met in relation to documentation and control initiatives including process mapping and business continuity planning.
  • Partners with key internal stakeholders, namely the Beijing Branch Manager and local leaders in the business, Risk, Compliance, Operations, HR and Technology to carry out the APAC strategy and ensure compliance with corporate policies and local regulations.
  • Collaborate with the Tax team for periodical filings, which include Corporate Income Tax, VAT and Transfer Pricing, Withholding tax, Stamp Duty etc.
  • Supports overall APAC regional strategy through contribution to various ad-hoc projects and other tasks assigned in a timely manner.
  • Manage and develop junior staff and contribute into the APAC Finance leadership team.

Requirements:

  • Degree holder with 5+ years’ experience in financial services or audit
  • Strong technical skills including a good working knowledge of local regulatory reporting requirements, China GAAP, with exposure to IFRS and USGAAP
  • Experience with management reporting and supporting corporate and investment banking and commercial businesses are a plus
  • Good command of spoken and written English
  • Proficient with MS Excel, MS Powerpoint, Oracle/Essbase; SQL, SAS, Alteryx, Tableau a plus

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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