Wells Fargo provides middle market, large corporate and financial institution customers with a range of international solutions, including treasury management, credit, payments, financing, foreign exchange, and trade services. Wells Fargo operates from 42 countries and territories outside of the U.S., including branches in Beijing, Cayman Islands, Dubai International Financial Center (DIFC), Hong Kong, London, Seoul
Main Function of the Role
Participates in integrated audits and leads execution of the audit process (primarily as engagement supervisor), in accordance with WFAS policy. With guidance/support from the Senior Audit Manager, the Audit Manager is responsible for supervising the day-to-day execution of the Audit plan. This includes assisting the auditor-in-charge with the development of the audit scope, approving test plans and communication of audit results with clients.
- Leads integrated audit projects as directed, primarily as the engagement supervisor.
- Auditor-in-charge for large or more complex audits.
- Participate as an individual contributor on audits, generally as a subject matter expert on higher risk or more complex processes.
- Demonstrates knowledge/understanding across multiple business and/or for demonstrated expertise in a critical subject matter area (regulatory compliance, operational risk).
- Supervises multiple concurrent projects which are generally large in size and high in complexity.
- Identifies and assesses risk and controls and assists with the design of control testing approach across lines of business.
- Assesses risk associated with significant changes to products or services.
- Develops proposed scope of engagements with the auditor-in-charge.
- Oversees portfolio of project audits for high risk initiatives in the line of business associated with new products, system implementations, or changes to the operating model where included on the audit plan.
- Able to establish relationships with senior management levels.
- Communicates findings effectively to stakeholders, including WFAS leaders, Compliance and Risk Partners, Regulators, and Line of Business leaders.
- Drafts and communicates final audit report.
- Monitors progress of open corrective actions as assigned and ensures that root causes are addressed through follow-up with testing and verification.
- Demonstrates professional scepticism. Presents audit results in an objective and unbiased manner.
- Writes opinions reflecting relevant facts that lead to logical conclusions. Escalates significant risks and loss exposures to appropriate levels of management.
- Act as a mentor and coach for direct reports and also less experienced members of the team
- Actively lead and manage the performance management process for direct reports by conducting and completing performance reviews and delivering ongoing feedback
Market Skills and Certifications
- Proven audit and management experience.
- Demonstrates recent career progression in Audit, Risk Management, or related field.
- Degree or advanced degree in accounting, business, or related subject.
- Active Certification in relevant certification program (ACA, ACCA, CIMA, CPA, IIA, CIA, CISA, etc.)
- Well-developed organizational skills with the ability to manage multiple and sometimes competing priorities.
- Well-developed analytical, problem solving, and time management skills.
- Financial Services experience.
- Ability to travel up to 25%.
Team members 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.
Meet Some of Wells Fargo's Employees
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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