Regulatory & Basel Reporting - Lead Basel Financial Reporting Analyst

Company: Wells Fargo
Location: Charlotte
Posted on: August 7, 2022

Job Description:

About this role:Wells Fargo's Regulatory and Basel Reporting team (RBR) is responsible for filing regulatory reports with numerous regulatory agencies and currently has many ongoing projects related to the enterprise-wide implementation of data management and the COSO-based governance and oversight framework. RBR is looking for a lead reporting consultant to join its team to prepare, review and analyze the Advanced Risk Weighted Assets (RWA) components that are included in the FFIEC 101 reporting schedules and Pillar 3 Disclosures. This key analytical role will also support earnings estimate process and management information critical to communicating our capital position and related key ratios. In addition to the core reporting responsibilities, this key function will also support related process improvement and implementation initiatives. This position will coordinate with key partners including the line of business data providers to deliver timely and accurate reports. The Basel Reporting Lead Consultant will directly communicate with management, business line controllers, and banking regulators, including the Federal Reserve Board and FDIC providing prompt reporting status and appropriate responses to questions / enquiries.The ability to quickly learn and adapt to the fast-paced and ever-changing regulatory reporting environment is a key requirement. Leading and developing best practices to ensure the Basel Reporting process is well-controlled and sustainable is also a fundamental requirement. This includes working with remote staff based on the RBR global reporting model. The successful candidate will have a demonstrated history of being an independent self-starter, capable of working efficiently to meet tight deadlines and adapt in a changing environment.In this role, you will:

• Lead and manage the quarterly report production process for the end to end preparation and filing of FFIEC 101 reports for WF&Co and its subsidiaries. This task includes preparation of work papers, memos, variance analysis, inter-series validation/reconciliation, performing and resolving edit checks, obtaining manager and work stream approvals, and timely filing of the reports through Agile Reporter/Reporting Central and our public Investor Relations website.
• Lead and manage the preparation and publication of Pillar 3 Disclosures for WF&Co. This task includes ensuring consistency of capital disclosures with the company Form 10-Q/K, compliance with the Basel Final rules and performing all the analytics and validations for the completeness and accuracy of the disclosures including timely filing of the reports through our public Investor Relations website.
• Prepare presentation materials from multiple sources for various management committee and regulatory agency meetings for the purpose of reviewing our quarterly capital results in detail.
• Obtain and maintain SME knowledge of the Basel Advanced and Standardized RWA methodology and related impacted regulatory reports including FFIEC 101, Pillar 3, Call Report RC-R, FR Y-9C HC-R and FR Y-14Q Schedule D.
• Be an SME for Basel work streams which includes performing and developing new validations, reconciliations, period over period variance analysis and other analytics to ensure adherence of the reports/presentations to the regulatory instructions and guidelines.
• Support the quarterly earnings estimate process to compile estimates of the Supplementary Leverage Ratio and Supplementary Leverage Exposure.
• Responsible for the implementation of change requests impacting reporting related to your area of SME. This will include preparing requirements document, coordination with technology and Basel stakeholders to ensure appropriate implementation of new or revised regulatory reporting requirements as well as UAT materiality test results and communicating outcomes to various stakeholder teams.
• Responsible for demonstrating adherence to the Basel reporting rules through Compliance Rationale Documentation and close partnership with the Basel Qualification Group.
• Ensure the compliance with requirements under the Company's Regulatory Reporting Governance & Oversight Framework including desktop procedures, work papers, and EUCT controls for the assigned regulatory reports; provide guidance and support to the department in completion of all required deliverables.
• Partner with the Basel Qualification Group, LOB Controllers and the Regulatory Interpretations Team to ensure the consistent adherence to regulatory rules including assessment of scheduled regulatory rule changes.
• Own key projects to support the RBR Reporting Team in meeting the changing and heightened expectation of regulatory reporting requirements. This includes supporting deliverables for key strategic Enterprise Finance initiatives.
• Provide impact of reporting deficiencies and communicate and facilitate the discussion with line of business teams for resolution of issues and errors. Track and document the resolution implementation cycle from report owner perspectives and ensure the established amendments framework is followed, as required.
• Maintaining pseudo code logic for regulatory reports to ensure proper application of the reporting rules applicable to Advanced RWA reporting.
• Collaborate with various business partner teams with the goal of building strong relationships throughout RBR that will increase productivity and collaboration.
• Support ad-hoc report request for reporting analysis and issue investigationRequired Qualifications, US:
  • 5+ years of Finance, Accounting, Financial Reporting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  • 1+ years of SQL experienceDesired Qualifications:
    • 2+ years of leadership experience
    • Strong analytical skills with high attention to detail and accuracy
    • Excellent verbal, written, and interpersonal communication skills
    • Chartered Financial Analyst (CFA) or Certified Public Accountant (CPA) OR Financial Risk Management (FRM)
    • Understanding of BASEL III capital rules and previous regulatory reporting experience in the preparation of various US Regulatory Reports such as FR Y-9C, Call Report, FFIEC 101, or CCAR 14Q/M/A
    • Experience with SQL, Essbase, Oracle and data analysis experience with ability to handle large volumes of data sets from different sources systems
    • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
    • Ability to work effectively under pressure and handle multiple projects concurrently
    • Self-starter and ability to work high degree of independence
    • Advanced Proficiency in Microsoft PowerPoint, Excel, Visio and ability to create/maintain complex spreadsheets
    • Risk and Control awareness with familiarity to COSO framework 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.

Keywords: Wells Fargo, Charlotte , Regulatory & Basel Reporting - Lead Basel Financial Reporting Analyst, Accounting, Auditing , Charlotte, North Carolina