Finance & Accounting CoordinatorLocation: Manila, Philippines Job ID R-104086
About Wells Fargo India & Philippines
Wells Fargo India & Philippines is a critical component of Wells Fargo’s strategy to leverage distinct advantages in doing business in a global environment. Wells Fargo India & Philippines is primarily an extension of the technology, operations, and corporate support teams of Wells Fargo. It engages in application development and support, testing, other technology functions, international operations, knowledge support, and middle and back-end banking process solutions for a wide spectrum of Wells Fargo’s needs. It currently has offices in Bengaluru, Chennai, Hyderabad, and Manila.
The Capital Markets Accounting Operations Center of Excellence was established to bring the controller activities into one centralized team within the Controllers division that delivers expertise on anything and everything that touches the ledger. This team focuses on reconciliations and controls on fixed income, securities, and derivatives for Traded Products. The group performs reconciliations of books and records across Well Fargo Securities supporting the corporate general ledger, stock record, depositories, custodial positions, and SEC/regulatory reporting.
About the Role
TheFinance & Accounting Specialist is responsible for providing product support from trade inception through posting to the general ledger for the intercompany lending activity within bank and non-bank subsidiaries that reside in multiple system applications. This requires an understanding of these products to compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions. Successful candidate will work directly with a variety of individuals including front office traders, middle office trade clearance personnel and accountants within the SOA team.
In this role, you will:
Support less experienced staff to drive overall effectiveness of team in preparing data and assisting in research on product line, operational, and strategic planning
Provide feedback and present ideas for improving or implementing processes and tools
Perform complex operational tasks, assist with research of financial, operating and economic data analyses testing, resolution of problems
Apply understanding of risk management requirements and compliance for finance area
Provide interpretation of procedures to less experienced staff
Escalate non-routine questions to more experienced management
Interact with Finance team, functional area and business partners on a wide range of information
2+ years of experience in Finance, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Must have a Bachelor’s Degree in Finance or Accounting, CPA license is required
Knowledgeable in accounting for affiliates and accruals; money movement process for transactions with affiliates
Excellent problem solving, analytical and technical skills with ability to apply critical judgment and come up with effective decisions
Candidates must be willing to work in night shifts (8:00PM to 5:00AM), or weekends/holidays if deemed necessary by the business
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.