Accounting Governance & Oversight Consultant 2
Acct Gov & Oversight Consultant 2 - COSO Consultant for the Capital Assessment and Stress Test
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You've got the passion. You've got the skills. Now you just need the right opportunity. At Wells Fargo, you'll have the chance to join a team of intelligent and talented people who share the same values. Our diverse lines of business offer a world of opportunity to expand your capabilities and advance your career. We invest in our people and provide a supportive environment in which to learn and grow.
The Controller's Division is responsible for the Company's financial statements, establishing corporate accounting policies, preparing SEC and regulatory reports and ensuring the adequacy of internal controls. The Division also manages and supports the Company's General Ledger, Accounts Payable and Fixed Assets systems. The Enterprise Business Process COSO testing team is a component of Enterprise Controls & Oversight Group in Corporate Controllers.
The Enterprise Business Process COSO team supports the Company's on-going objective of maintaining an industry leading financial reporting control environment and is responsible for the following directives:
- Providing meaningful assessments of financial, risk, and regulatory reporting control environment;
- Overseeing compliance with Well Fargo & Company's COSO based policies for internal controls over financial reporting (SEC and Regulatory Reporting) and strategic planning for on-going compliance with the COSO polices (proactive anticipation of internal control related matters);
- Monitoring new and emerging internal control related guidance and issues and assist with facilitating group-wide training to interested and impacted stakeholders;
- Providing consultation and subject matter expertise for process and control related matters including evaluating severity of control deficiencies and related remediation efforts;
- Providing process and control support and thought leadership for projects;
- Interfacing with external auditors, regulators and others on control related matters; and,
- Acting as a change agent for continual improvement of the control environment.
This role will be a COSO testing consultant responsible for performing the following related to the Capital Assessment and Stress Test (and relevant regulatory reports):
- Performing walkthroughs of significant processes and ensure required COSO documentation is accurate and reflects relevant risk and key controls
- Validating and challenging risk assessment conclusions, including assessing appropriateness and completeness of key risk and key controls identified
- Validating and providing challenge to identification of shared services, third party service providers, and significant applications
- Supervising COSO testing of key controls, including design effectiveness assessments and operating effectiveness testing
- Confirming and challenging documentation of control deficiencies, including issue description, root cause, unmitigated impact, and corrective actions
- Analysis of the severity of control deficiencies, both individually and in the aggregate, and the impact to internal control over financial reporting
- Assessing the components of internal control for the business unit
- Evaluating the impact of control deficiencies to existing processes and controls
- Building relationships and collaborating with key stakeholders in the Regulatory Reporting internal control infrastructures
- Assisting with projects impacting the team
- 7+ years of experience in one or a combination of the following: accounting, consulting, or public accounting
- Ability to translate and summarize complex data into understandable, actionable information and recommendations
- Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
- Highly refined and professional verbal and written communications
- Strong collaboration and partnering skills
- An active Certified Public Accountant (CPA) designation
- A BS/BA degree or higher in accounting
Other Desired Qualifications
- Big four public accounting experience, a Masters of Business Administration (MBA)
- Experience with governance and oversight accountabilities
- Experience with large financial institutions
- Experience with regulatory reporting and the Capital Assessment and Stress Test
- Ability to travel up to 25% of the time
All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.
0214866 CORPORATE FINANCE
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Lauren audits Wells Fargo’s financial reports to assess accuracy and risk. She reviews processes in place, analyzes management controls, and communicates calculations and findings with business partners.
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