Audit Manager - Regulatory Reporting Audit Manager - Regulatory Reporting …

Wells Fargo
in London, England, United Kingdom
Permanent, Full time
Last application, 26 May 20
Wells Fargo
in London, England, United Kingdom
Permanent, Full time
Last application, 26 May 20
Wells Fargo are seeking a Audit Manager - Regulatory Reporting to join the team and make an immediate impact. It all begins with outstanding talent. It all begins with you.

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 30 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.

Market Job Description

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.

(Note: In addition to these functions employees are required to carry out such other duties as may reasonably be required)


  • Leads integrated audit projects focused on regulatory reporting, 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, governance).
  • Supervises multiple concurrent projects which are generally large in size and high in complexity.
  • Provides credible challenge to senior management through key regional committees and ad-hoc meetings.
  • 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 related to regulatory reporting 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 skepticism. 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, particularly with large/complex regulatory projects.
  • Prior regulatory experience is preferred.
  • Experience and working knowledge of financial regulatory reporting (COREP, FINREP, etc.) and European based financial regulatory reporting compliance.
  • Proven experience in building strong relationships while also providing credible challenge to influence the implementation of key business initiatives.
  • 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.

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.

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.