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Wells Fargo Senior Financial Reporting Analyst-Basel FFIEC 101 Reporting in Minneapolis, Minnesota

About this role:

Wells Fargo is seeking a Senior Financial Reporting Analyst...

In this role, you will:

  • 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

  • Responsible for end to end preparation and filing of FFIEC 101 reports for WFC and its subsidiaries. This tasks include preparation of work papers, memos, variance analysis, inter-series reconciliation, performing edit checks and resolving them and timely filing of the reports through Agile Reporter/Reporting Central

  • Lead as a SME for assigned Basel work streams supporting Basel which includes performing and developing new validations, reconciliations, checks, 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 Delta 1 and Delta 2 presentation coordination

  • Ensure the compliance with requirements under the Company's Regulatory and Risk 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

  • Perform and develop new validations, reconciliations, checks, period over period variance analysis and other analytics to ensure adherence of the reports/presentations to the regulatory instructions and guideline

  • Partner with Corporate Accounting Policy, LOB Controllers and the Regulatory Interpretations Team to ensure the consistent adherence to regulatory rules including assessment of scheduled changes

  • Be part of 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 projects

  • Implement change management effectively communicating regulatory reporting changes to all stakeholders to ensure appropriate implementation of new or revised regulatory reporting requirements

  • Ensure the compliance with requirements under the Company's Regulatory and Risk 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

  • Provide input to impact of reporting deficiencies; communicate and facilitate the discussion with line of business reporting team for resolution; track and document the resolution implementation cycle from report owner perspectives. Follow the established amendments framework as required

  • Updating and creating pseudo code for regulatory reports

  • Support ad-hoc report request for reporting analysis and issue investigation

Required Qualifications, US:

  • 4+ 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 experience

Desired Qualifications:

  • Strong analytical skills with high attention to detail and accuracy

  • Excellent verbal, written, and interpersonal communication skills

  • Big four public accounting experience

  • Chartered Financial Analyst (CFA) or Certified Public Accountant (CPA)

  • Knowledge and understanding of Basel III reporting

  • 2+ years of business systems analysis or design experience

  • Extensive knowledge and understanding of research and analysis

  • 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

  • Experience with SQL, Essbase, Oracle and data analysis experience with ability to handle large volumes of data sets from different sources systems

  • 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 schedules

  • 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, or national origin.

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.

Company: WELLS FARGO BANK

Req Number: R-102088-2

Updated: 2022-01-17 10:29:57.242 UTC

Location: Minneapolis,Minnesota

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