Fin Plan & Controls Analyst
Wells Fargo
Bengaluru, Karnataka
2d ago

Job Description

About Enterprise Global Services

Enterprise Global Services (EGS) enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions across Technology, Operations, Risk, Audit, Process Excellence, Automation and Product, Analytics and Modeling.

EGS operates in Hyderabad, Bengaluru and Chennai in India and in Manila, Philippines. Learn more about EGS at our International Careers website.

Department Overview

The Enterprise Finance function contains the Corporate Controllers division, which includes the Enterprise Controls & Oversight (ECO) group.

The Enterprise COSO testing team is a component of ECO. Enterprise COSO testing professionals and will have enterprise-wide exposure to key stakeholders within the external financial / risk / regulatory reporting infrastructure.

Role

This role is for Financial Controls & Oversight Senior Consultant- ITAC Testing

Responsibilities

As a component of the Enterprise COSO testing team, the IT COSO team supports the Company’s on-going objective of maintaining an industry-leading information technology control environment and is responsible for the following directives :

  • Providing meaningful assessments of IT control environments impacted by financial, risk, and regulatory reporting;
  • Assessing adherence to Well Fargo & Company’s COSO based policies for IT controls impacted by internal controls over financial reporting (SEC and Regulatory Reporting) and strategic planning for on-going IT control adherence to COSO policies (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 IT 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 individual will be responsible for the following team directives :

  • Leading the IT Application Controls (ITACs) COSO test work : Partnering with IT and business Process Owners / Control Owners to document significant in-scope processes according to corporate COSO policy (both process narratives and process flow diagrams).
  • Additionally, assessing the appropriateness and completeness of key risk and key application controls identified;Performing walkthroughs of significant processes and ensure required COSO documentation is accurate and reflects relevant business risk and key application controls;
  • Partnering with IT and business Process Owners / Control Owners in the creation of process risk assessments (RAM) as well as validating and challenging risk assessment conclusions;
  • Validating and providing credible challenge to identified shared services, third party service providers, and significant applications;
  • Performing COSO testing of key application controls, including design effectiveness assessments and operating effectiveness testing;
  • Validating and challenging documentation of application control deficiencies, including issue description, root cause, unmitigated impact, and corrective actions;
  • Analyzing the severity of application control deficiencies, and their impact to internal control over financial reporting;
  • Validating corrective actions;
  • Building relationships and collaborating with key stakeholders in the applicable line of business and IT functions related to assigned process areas
  • Assisting with projects impacting the team.

    Market Skills and Certifications

    Essential QUALIFICATIONS

  • Graduate in Accounting, Finance or any other related discipline.
  • 4+ years of experience in one or a combination of the following : Finance, Accounting, Analytics, Reporting
  • DESIRED QUALIFICATIONS

  • A Masters of Business Administration (MBA) or a Certified Public Accountant (CPA)
  • Knowledge and understanding of regulatory agencies : Federal Reserve and OCC
  • Intermediate Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
  • Intermediate Microsoft Visio skills
  • Ability to prioritize, meet deadlines, and achieve goals and work under pressure in a dynamic and complex environment
  • Excellent verbal, written, and interpersonal communication skills
  • Ability to take on a high level of responsibility, initiative, and accountability
  • Ability to present to executives
  • Minimum two years at Big Four / super regional public accounting firm with experience in IT audit and / or IT SoX advisory / consulting service
  • Prefer one or more of the following certifications : CISA, CISM, CISSP
  • Practical experience performing IT audit / IT COSO application control testing
  • Strong critical thinking skills with ability to credibly challenge status quo; experience with continuous improvement of application control testing processes and results
  • Strong relationship management skills; ability to negotiate difficult positions without harming relationships
  • We Value Diversity

    At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law.

    We comply with all applicable laws in every jurisdiction in which we operate.

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