Audit Manager - VP, Audit CAO
Wells Fargo
About this role:
Wells Fargo is seeking an Audit Manager, Vice President - Internal Audit Chief Administrative Office
In this role, you will:
- Support IA’s emerging risk identification/monitoring by partnering with the IA innovation team and identifying/implementing requirements to build out data analytics capabilities for identifying/monitoring emerging risks
- Support the Reporting team with recurring activities that feed monthly and quarterly executive and committee reporting, including reconciliation of month-end issue management data files against enterprise systems of record, validation of audit and issue listings in report appendices to data support files, and review of issue memos for failed validations to summarize root cause of failure.
- Support the broader Regulatory Engagement team, including attending regulator meetings, communicating with regulators, and coordinating regulatory responses in collaboration with US based peers
- Support budgeting processes, including tracking accruals for co-source budgeting
- Perform evaluation and testing of Audit front-line controls in accordance with defined controls testing schedule, as needed
- Engage with international partners to manage local Audit real estate portfolio relative to headcount, as needed
Required Qualifications:
- 8+ years of Audit, Risk experience, or other relevant experience in supporting large Audit teams
Desired Qualifications:
- Experience at a financial institution or accounting firm
- Solid knowledge and understanding of audit or risk methodologies and supporting tools
- Certification in one or more of the following: CA, CPA, CAMS, CRCM, CIA, CISA or Commissioned Bank Examiner designation
- Excellent verbal, written, and interpersonal communication skills
- Strong organizational, multitasking, problem solving, agile mindset, and prioritization skills
- Good analytical skills with high attention to detail and accuracy
- Experience with risk identification and assessment and/or control evaluation and testing
- Ability to execute in a fast paced, demanding environment while balancing multiple priorities
- Experience engaging with financial regulators in US, EMEA and APAC regions
Job Expectations:
- Ability to travel up to 10% of the time
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 20 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
About Wells Fargo India
Wells Fargo India enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Technology, Operations, Risk, Audit, Process Excellence, Automation and Product, Analytics and Modeling. We are operating in Hyderabad, Bengaluru and Chennai locations.
Department Overview:
Internal Audit conducts audits and reports the results of work to the Audit & Examinations Committee of the Board of Directors. We provide independent, objective assurance and consulting services delivered through a highly competent and diverse team. As a business partner, Audit helps the Company accomplish its objectives by bringing a systematic disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
About Audit CAO Function
The Chief Administrative Office (CAO) Audit team oversee business management and administration, strategy and planning, communications, emerging risk, reporting, and regulatory relations in support of the Chief Auditor
- Committee & External Reporting (CER) - Administers Audit’s Management and Board reporting, committee administration, reporting and committee schedules, Audit insights and trends, ad-hoc analysis, reporting capabilities and automation.
- Regulatory Relations (IARR) - Leads regulatory engagement for Audit, oversight of meetings, planning and coordination of regulatory exams, requests, responses, and documentation, regulatory trends.
- Control Office – Oversees IA’s front-line risk and control framework (including both execution and governance) culminating in the administration of IA’s Risk and Control Committee. Ensures IA’s ability to effectively self-govern to maintain our independence as the third line of defense for Wells Fargo.
- Finance & Operations – Centralizes IA’s finance and operations activities including third party management, managing IA’s real estate portfolio and the in-office experience for IA team members, and executing IA’s internal communications strategy.
- Strategy & Emerging Risk– Facilitates the execution of IA’s strategic plan to continuously improve, provide a fulfilling experience for IA teams, and deliver value to our stakeholders. Further evolves IA’s emerging risk capabilities, assess the need to incorporate coverage of risks into IA’s annual plan, and its reporting to the Board
Posting End Date:
30 Dec 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.
Wells Fargo Recruitment and Hiring Requirements:
a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.