Financial Controls Analyst - Fixed Term Contract for 12 months

Job Description

About this role: Wells Fargo is seeking a Financial Controls Analyst to join the team based in London on a fixed term basis for twelve months. Wells Fargo is seeking a highly motivated individual to join a team of COSO (Committee of Sponsoring Organizations of the Treadway Commission) testing professionals for SEC (Securities & Exchange Commission) and Regulatory Reporting who will have enterprise-wideexposure to key stakeholders within the external financial/risk/regulatory reporting infrastructure. The Business COSO Testing team is a component of Enterprise Controls & Oversight Group in Corporate Controllers. The Business COSO team supports the Companys on-going objective of maintaining an industry leading financial reporting control environment and is responsible for the following directives:

• Providing meaningful assessments of financial and regulatory reporting control environment;
• Overseeing compliance with Well Fargo & Companys COSO based policies for internal controls over financial reporting (SEC and Regulatory Reporting) and strategic planning for on-going compliance with the COSO polices (proactive anticipation of internalcontrol related matters);
• Monitoring new and emerging internal control related guidance and issues and assist with facilitating group-wide training to interested and impacted stakeholders;
• Providing consultation and subject matter expertise for process and control related matters including evaluating severity of control deficiencies and related remediation efforts;
• Providing process and control support and thought leadership for projects;
• Interfacing with external auditors, regulators and others on control related matters.

In this role, you will:

• Performing COSO Monitoring team responsibilities including:
  • Performing walkthroughs of significant processes and ensure required COSO documentation is accurate and reflects relevant risk and key controls;
  • Validating and challenging risk assessment conclusions, including assessing the appropriateness and completeness of key risk and key controls identified;
  • Validating and providing credible challenge to identified shared services, third party service providers, and significant applications;
  • Performing COSO testing of key controls, including design effectiveness assessments and operating effectiveness testing;
  • Validating and challenging documentation of control deficiencies, including issue description, root cause, unmitigated impact, and corrective actions;
  • Analyzing the severity of control deficiencies, both individually and in the aggregate, and the impact to internal control over financial reporting;
  • Assessing the components of internal control for the business unit;
  • Monitoring open control deficiencies and validating corrective actions;
  • Communicating findings to key stakeholders timely and drafting written reports of findings
• Building relationships and collaborating with key stakeholders in the SEC and Regulatory Reporting internal control infrastructures;
• Assisting with projects impacting the team including implementing the Companys Regulatory Reporting Governance & Oversight Policy and the COSO Policy;
• Working with team members across international locations; and
• Acting as a change agent for continual improvement of the control environment.

Required Qualifications:

• Experience in one or a combination of the following: finance, accounting, analytics, reporting or business/technology audit, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• A BSc degree or higher in one of a combination of the following: Finance, Accounting, Analytics, or Reporting
• A professional accounting qualification e.g. ACA, CIMA or ACCA;
• Big four public accounting experience in Banking & Financial Services
• Knowledge and understanding of banking regulations
• Internal controls testing experience
• Experience working in a geographically dispersed team including both on-shore and off-shore locations;
• Ability to present results of analyses and recommendations to senior leaders
• Experience presenting technical concepts to senior leaders
• Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
• Excellent verbal, written, and interpersonal communication skills
• Ability to take on a high level of responsibility, initiative, and accountability
• Ability to translate and summarize complex data into understandable, actionable information and recommendations
• Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
• Intermediate Microsoft Office skills,

Job Expectations:

• Experience with large financial institutions
• Experience with governance and oversight accountabilities
• Wells Fargo operates a Hybrid working model combining office and home working. The requirement is a minimum of 3 days in the office.

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, genderidentity, 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 accountablefor execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo