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About this role:
Wells Fargo is seeking a Business Accountability Specialist in Trust Services, part of Banking, Lending, and Trust, to be part of the centralized Entity Receipts team. The position is part of Wealth and Investment Management and you can learn more about the career areas and lines of business at wellsfargojobs.com.
In this role, you will:
Work in a collaborative team environment, including coordination with the Trust Services Entity Receipts Team Lead and process Subject Matter Experts (SMEs)
Review trust documentation, transactions, and financial statements to execute reviews of entity receipts and trust portfolio allocation analysis
Manage flow of information through process, including review and validation of progress statuses, tracking potential account/asset coding issues and resolution, tracking and follow up on aging items, and weekly reporting on review population
Serve as subject matter experts on the Trust Services Entity Receipts process, including maintaining review process procedures, owning identification of procedure updates or potential process improvements, and assist in developing trainings for other process stakeholders
Present concise and well-articulated findings and recommendations, including rationale, to facilitate resolution of identified matters; exercise independent judgment while developing expertise in the risk mitigation or control activities of the business
Collaborate and consult with colleagues, internal partners, and other business stakeholders to provide feedback, credibly challenge issues, and calibrate, as needed, to ensure alignment, consistency, and accuracy across groups
Required Qualifications:
2+ years of risk management, business controls, quality assurance, business operations, compliance, or process experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
Experience with wealth and investment management (trust and fiduciary)
Experience with fiduciary tax administration
Trust services industry experience
Certified Public Accountant (CPA) with fiduciary tax experience
Certified Trust and Fiduciary Advisor (CTFA)
Accounting background with experience reviewing entity financial statements and trust and entity income tax preparation
Ability to review trust agreement documents and ensure bank compliance
Intermediate Microsoft Office (Teams, Word, Excel, Outlook, PowerPoint)
Experience with the Fiduciary Platform (SEI Trust 3000) and the surround systems used to perform routine reviews (Trust Gateway)
Strong attention to detail and accuracy skills
Ability to analyze business financial statements
Experience bringing issues to closure in a decisive manner despite potential obstacles within a complex environment
Ability to make timely and independent judgment decisions while working in a fast-paced and results-driven environment
Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
Ability to assess current processes/procedures and make recommendations for efficiency
Experience developing partnerships and collaborating with other business and functional areas
Experience resolving and working through escalated and complex issues
Excellent verbal, written, and interpersonal communication skills
Good analytical skills with high attention to detail and accuracy
Posting End Date: 25 Sep 2024 *Job posting may come down early due to volume of applicants.
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, status as a protected veteran, or any other legally protected characteristic.
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.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment and Hiring Requirements:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.