Financial Controls Analyst - Business Process Automated Controls

Full-time - Entry Level

Irving, TX

Credit Intermediation and Related Activities

About the position

Wells Fargo is seeking a Financial Controls Analyst within the Enterprise COSO testing team. The Enterprise Finance function contains the Corporate Controllers division, which includes the Enterprise Controls & Oversight (EC&O) group. The Enterprise COSO testing team is a component of EC&O. Enterprise COSO testing professionals will have enterprise-wide exposure to key stakeholders within the external financial/risk/regulatory reporting infrastructure. The Enterprise COSO testing 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 business process automated controls in scope for financial, risk, and regulatory reporting; Assessing compliance with Well Fargo & Company's COSO based policies for business process automated controls in scope for internal controls over financial reporting (SEC and Regulatory Reporting) and strategic planning for on-going business process automated control compliance with 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 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; Acting as a change agent for continual improvement of the control environment.

Responsibilities

• Consult with IT, the line of business and/or enterprise functions on financial reporting, information technology governance, and controls and oversight matters
• Identify compliance and risk management requirements for supported line of business area
• Provide oversight for control testing and monitoring involving moderate to complex subject matter or control areas
• Communicate and provide consultation regularly with stakeholders throughout the enterprise
• Implement, operate, and report results of certain elements of the company's policy, governance and oversight framework
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
• Perform walkthroughs of significant processes and ensuring required COSO documentation is accurate and reflects relevant risk and key controls
• Validate and provide credible challenge to identified shared services, third-party service providers, and significant applications
• Perform COSO control testing of key business process automated controls, including design effectiveness assessments and operating effectiveness testing
• Validate and challenge documentation of control deficiencies, including issue description, root cause, unmitigated impact, and corrective actions
• Analyze the severity of control deficiencies and their impact to internal control over financial reporting
• Validate corrective actions and issues
• Build relationships and collaborate with key stakeholders in the SEC and Regulatory Reporting internal control infrastructures
• Assist with projects impacting the team, including identification of risks and consulting on controls for newly implemented processes and applications

Requirements

• 2+ years of Finance, Accounting, Analytics, Reporting or Business and Technology Audit experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Nice-to-haves

• Experience assessing and documenting financial and/or regulatory risks and controls
• Internal controls testing experience including business process manual controls, automated controls, and/or IT General Controls (ITGC)
• Experience identifying business process automated controls and developing and executing test plans for business process automated controls, including segregation of duties, configurations, and interfaces
• Experience partnering with financial and IT audit teams on integrated audits
• Experience with large professional services firms
• Experience with large financial institutions
• A BS/BA degree or higher in one or a combination of the following: Finance, Accounting, Analytics, Reporting, or Information Technology
• Excellent verbal, written, and interpersonal communication skills
• Ability to present results of analyses and recommendations
• Intermediate Microsoft Office skills
• One or more of the following certifications: CPA, CIA, CISA
• Knowledge and understanding of regulatory agencies: Federal Reserve and OCC

Benefits

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement