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Company Name : Wells Fargo
Location : Sholinganallur, Chennai, Tamil Nadu
Position : Finance & Accounting associate
Job Description : About the Role
Enterprise Financial Reporting (Regulatory Reporting) is a functional area within the Corporate Controller’s division responsible for delivering timely, accurate, and complete external regulatory reporting.
The WFIP Offshore resources support the Financial Reporting Team by performing data collection, aggregation, consolidation, reconciliation, first-level analysis, pre-production activities, initial report preparation, and variance analysis and associated report preparation activities. They also perform operational processes such as data compilation, reconciliation, and schedule preparation.
Wells Fargo’s Regulatory and Basel Reporting team (RBR) WFIP Team is responsible for supporting the filing of regulatory reports with regulatory agencies and has many ongoing projects related to the enterprise-wide implementation of centralized data management infrastructure and the COSO-based governance and oversight framework.
RBR is looking for a Regulatory / SEC and financial reporting Analyst 3 to join the team to prepare , analyze and perform the first level review of the Regulatory Reporting Call (FFIEC031), International (FFIEC030), Systemic Risk (FR Y15) and Legal Entity (FR2314) schedules amongst others, and SEC filings. This role will be responsible for supporting the Report Owners including but not limited to preparation, primary analysis and review, Issue impact assessments supporting regulatory amendments and / or implementation of new accounting standards or regulatory rules. This function will also provide support for related process improvement and regulatory reporting infrastructure implementation initiatives.
Responsibilities
Solid end user knowledge of core US Regulatory Weekly and Quarterly Reporting. Report Owner experience would be helpful, with the ability to work on preparing and reviewing data received from Business Controllers & G/L with specific emphasis on the FFIEC031,FR Y9C, FR2900
Candidates should have solid analytical skills. It would be helpful if these candidates have some exposure to other related Regulatory disclosures – FFIEC101, 102 and Pillar 3 etc.
Candidates will be expected to leverage data quality analysis skills, and knowledge of tools like SQL, SAS, and Toad etc. would be helpful.
Candidates will support report generation and filing SEC returns (10Q and K), or other Regulatory Reporting.
Preparation of the Treasury International Reports (TIC).
Candidates will be expected to develop SME knowledge of the main Regulatory Reporting requirements.
Support preparation of info to board level financial summaries
Candidates may partner with Corporate Accounting Policy, Business Controllers and the Regulatory Interpretations Team to ensure that consistent adherence to regulatory rules including assessment of scheduled changes.
The Analyst will support compliance with requirements under the Company’s Regulatory Reporting Governance & Oversight Framework
Provide support and input to impact of reporting deficiencies and related issue remediation.
Essential qualifications
Demonstrated history of being an independent self-starter, ability to effectively communicate and capable of working efficiently to meet tight deadlines
Qualified CA//ICWA/MBA preferred with up to 3 to 5 years of experience in one or a combination of the following: finance, accounting, analytics and reporting
Demonstrate solid Accounting skills from a Regulatory Reporting perspective.
Ability to actively participate in work flow and task execution within a team environment
Experience in US Regulatory Reporting highly desired
Public Accounting Certification preferred
Excellent verbal, written, and interpersonal communication skills
Strong analytical skills with high attention to detail and accuracy
Knowledge and understanding of research and analysis
Ability to work effectively in a team environment and across all organizational levels
Solid analytical skills including the ability to handle multiple projects concurrently
Desired Qualifications
Financial Services accounting experience would be a plus
Project management experience and/or certification would be a plus
Advanced Degree in Accounting
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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