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Regulatory Reporting - Technical Reviewer

Wells Fargo

Wells Fargo

IT, Legal
London, UK
Posted on Monday, May 13, 2024

About this role:

We are currently seeking a highly skilled Senior Accountant to join our team, specializing in technical review within EMEA Regulatory Reporting. Your key responsibilities will include conducting meticulous technical reviews of external reporting, actively participating in governance forums such as the Regulatory Interpretation Forum, and providing expert regulatory policy advice. You will play a crucial role in ensuring compliance through thorough review of reporting output, delivering technical guidance on reporting requirements, and evaluating control activity within reporting processes.

The EMEA Controller team holds a pivotal position in managing regulatory, financial, and management reporting obligations across the region. As an integral component of the International Controllers organization, this team offers indispensable local support to various financial services business lines and the International CFO.

In this role, you will:

  • Manage the performance of regulatory reporting production tasks as necessary, including:

    • Run defined production processes involving data transformation, and as necessary adjustment, to create required outputs.

    • Operate key production related controls, including investigation and resolution of issues where required.

    • Perform analytical review of reporting output, including provision of commentary as necessary.

  • Support the EMEA Regulatory Controller on the development and operation of a comprehensive ‘technical review’ structure aimed at:

    • Performing substantive review of reporting output after submission to identify specific instances of rules non-compliance and/or misreporting.

    • Producing report specific rules compliance review documents.

    • Review of rules compliance documentation to ensure technical accuracy and alignment to production processes/outputs.

  • Support development and maintenance of a robust and effective control environment:

    • Work with control stakeholders to ensure that operating controls are fully aligned to the standards and expectations of the EMEA Controller function.

    • Perform scheduled/recurring control testing in conjunction with control team members to assess status & effectiveness.

    • Assist in development of ‘rules traceability’ tools and information to increase transparency on reporting approaches and outcomes.

  • Participate in change management activities to support ongoing reporting accuracy and process efficiency:

    • Partner with the change management and technology functions to support major change delivery, including (but not limited to) provision of technical/business requirements, engagement with testing, creation of revised operating models and supporting documentation.

  • Engage with control partners across the three lines of defence:

    • Answer technical queries on an ad-hoc basis.

    • Provide reviewers with supporting information and rationales underpinning reporting treatments.

Required Qualifications:

  • Experience preparing regulatory returns for a financial services organization, ideally encompassing both US and International (UK/European capital & liquidity returns, as well as financial/statistical reporting) output.

  • Experience in Finance, Accounting, Analytics, Financial Reporting, Accounting Reporting, Risk Reporting, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.

  • Strong knowledge of regulatory rules and instructions including (but not limited to) CRR2, MIFIDPRU, IFR/IFD, BoE statistical returns.

  • Experience of performing technical or substantive reviews across regulatory reporting output.

  • Strong communication skills, with the ability to present concisely and accurately to senior audiences.

  • Self-motivated with the ability to work independently within a team structure.

  • Innovative mindset, with a track record of process enhancement (enhancing efficiency, control, transparency).

  • Understanding of regulatory/best in class expectations in respect of controls and governance.

  • Honesty and integrity in all aspects of their work.

  • Intuitive; fast learner with good problem-solving skills.

  • Good time management and organisational skills.

  • Knowledge of ‘NextGen’ tools such as Alteryx, Workiva, PowerBI and similar considered an advantage.

Job Expectations:

  • Wells Fargo operates a Hybrid working model combining office and home working. The requirement is a minimum of 3 days in the office.

Posting End Date:

27 Jun 2024

*Job posting may come down early due to volume of applicants.

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, status as a protected veteran, or any other legally protected characteristic.

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.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.