Wells Fargo is seeking a Senior Audit Manager on the Enterprise Finance team under Capital Managment Internal Audit Team. In this role, the individual will be responsible for overseeing and leading audit activities related to the company's capital management activities. The individual will play a crucial role in assessing and the adequacy and effectiveness of processes and controls that support the firm's capital planning and capital adequacy activities. The individual will perform independent, objective assurance activities in line with professional standards and regulatory requirements, providing assessment on company's risk management, systems of control, and governance processes.
The individual will be responsible for identifying key processes, risks and controls and managing audits from planning to completion ensuring the audit is conducted and the workpapers are documented in adherence with the audit standards. The individual will lead and manage to audit to ensure that the audit is completed within the established timelines and allocated budget. This individual will assess compliance with relevant regulatory requirements and industry best practices related to Capital Management including internal capital adequacy assessment processes, stress testing and regulatory capital requirements (Basel Rules).
The ideal candidate will demonstrate comprehensive knowledge and understanding of the supervisory guidance and regulatory requirements as they relate to the areas of capital planning, Basel, stress testing (CCAR/DFAST), and other capital management activities.
As a Senior Manager, this role entails building and maintaining a high-performing team, working with other Senior Managers in the team, connecting with our business partners, and executing the audit plan. The individual will continuously monitor the business activities to identify key emerging risks and will support team member development and engagement.
In this role, you will:
Manage a team of audit staff responsible for a defined segment of the Audit Plan
Demonstrate excellent leadership skills and the ability to assess risks and controls.
Be responsible for resource management and assisting broader team in overall audit plan completion
Assess associated risks and controls and complete engagements timely and within the budgeted hours.
Review workpapers, audit findings, risk assessments, and documentation in the system of record to ensure that all audit documentation is in line with the Audit Methodology and audit standards.
Communicate complex audit findings and recommendations to senior management and stakeholders
Collaborate with team members and other departments to enhance coverage
Plan and organize work in an annual cycle, not just project cycle
Ensure audit engagements are risk-based, and executed according to Internal Audit policies and guidance
Build and maintain a proficient team of auditors
Provide timely feedback, coaching and monitoring of development plans
Develop and maintain excellent business relationships with leadership and other stakeholders, such as regulatory agencies
Manage allocation of people and financial resources for Audit
Develop and guide a culture of talent development to meet business objectives and strategy
Required Qualifications, US:
6+ years of Audit, Risk experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
3+ years of management experience
Desired Qualifications:
Audit experience in internal audit, external audit, or risk management preferably within the large financial services industry
Strong knowledge of capital management principles, regulatory requirements, and industry practices.
Comprehensive knowledge and understanding of the supervisory guidance and regulatory requirements as they relate to the areas of capital planning, stress testing and Basel regulatory capital assessment. Specifically, working knowledge of Basel Capital Accords, the US Regulatory Capital Rule (US 12 CFR parts 208, 217, and 225), Regulation H, Q, K, and Y, SR 15-18, SR 11-7, SR 12-7, BCC-13-6
Certification in one or more of the following: CPA, CIA, CISA, CRCM, CFA
Proven experience in leading audit engagements and managing teams and large projects
Excellent verbal, written, and communication skills
Excellent analytical and problem-solving skills
Job Expectations:
Ability to travel up to 25%
This position does not offer Visa sponsorship
Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates. $144,400.00 - $300,000.00 Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance
Parental leave
Critical caregiving leave
Discounts and savings
Commuter benefits
Tuition reimbursement
Scholarships for dependent children
Adoption reimbursement
Posting End Date: 14 Nov 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.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
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Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
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b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.