Senior Financial Control Analyst
Company: Wells Fargo
Location: West Des Moines
Posted on: March 20, 2023
Job Description:
About this role: Wells Fargo is seeking a Senior Financial
Controls Analyst The Enterprise Finance function contains the
Corporate Controllers division, which includes the Enterprise
Controls & Oversight (EC&O) group. The Enterprise COSO testing
team is a component of EC&O. Enterprise COSO testing
professionals will have enterprise-wide exposure to key
stakeholders within the external financial and regulatory reporting
infrastructure. The Enterprise COSO Testing team within EC&O
supports the Company's on-going objective of maintaining an
industry-leading internal control environment and is responsible
for the following directives: --- Providing meaningful assessments
of controls in scope for financial and regulatory reporting ---
Assessing compliance with Well Fargo & Company's COSO based
policies for internal controls over financial reporting (SEC and
Regulatory Reporting) and strategic planning for on-going
compliance with COSO policies (proactive anticipation of internal
control 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; and, --- Acting as a change agent for
continual improvement of the control environment. In this role, you
will: --- Perform COSO Monitoring responsibilities including:
- Supervise and review the control test work of other COSO Team
Members
- Perform walkthroughs of significant processes and ensure
required COSO documentation is accurate and reflects relevant risk
and key controls
- Partner with IT and business Process Owners/Control Owners to
document significant in-scope processes according to corporate COSO
policy (process narratives and process flow diagrams).
- Validate and challenge risk assessment conclusions, including
assessing the appropriateness and completeness of key risk and key
controls identified
- Validate and provide credible challenge to identified shared
services, third party service providers, and significant
applications
- Perform COSO testing of key controls, including design
effectiveness assessments and operating effectiveness testing
- Validate and challenge documentation of control deficiencies,
including issue description, root cause, unmitigated impact, and
corrective actions
- Analyze the severity of control deficiencies, both individually
and in the aggregate, and the impact to internal control over
financial reporting
- Assess the components of internal control for the business
unit
- Monitor open control deficiencies and validating corrective
actions --- Build relationships and collaborating with key
stakeholders in the applicable line of business and IT functions
related to assigned process areas. --- Plan, execute, or provide
oversight for testing and monitoring involving complex subject
matter and/or provide technical interpretation. --- Support
implementation of key initiatives. Required Qualifications: 4+
years of Finance, Accounting, Analytics, Reporting or Business and
Technology Audit experience, or equivalent demonstrated through one
or a combination of the following: work experience, training,
military experience, education. Desired Qualifications:
- A BS/BA degree or higher in one or a combination of the
following: Finance, Accounting, Analytics, or Reporting
- Ability to manage effectively in a matrixed organization
- A Masters of Business Administration (MBA) or a Certified
Public Accountant (CPA) Designation
- Internal control testing experience
- Knowledge and understanding of regulatory agencies: Federal
Reserve and OCC
- Basic Microsoft Office (Word, Excel, Outlook, and PowerPoint)
skills
- Intermediate Microsoft Visio skills
- 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 present to senior level executives 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, age, 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.
Keywords: Wells Fargo, West Des Moines , Senior Financial Control Analyst, Accounting, Auditing , West Des Moines, Iowa
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