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
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