Senior Audit Manager - Capital Management Audit Team

Full-time - Senior

Charlotte, NC

Credit Intermediation and Related Activities

About the position

Wells Fargo is seeking a Senior Audit Manager on the Enterprise Finance team under Capital Management Internal Audit Team. In this role, the individual will be responsible for overseeing and leading audit activities related to the company's capital management activities. The individual will play a crucial role in assessing the adequacy and effectiveness of processes and controls that support the firm's capital planning and capital adequacy activities. The individual will perform independent, objective assurance activities in line with professional standards and regulatory requirements, providing assessment on company's risk management, systems of control, and governance processes. The individual will be responsible for identifying key processes, risks and controls and managing audits from planning to completion ensuring the audit is conducted and the workpapers are documented in adherence with the audit standards. The individual will lead and manage to audit to ensure that the audit is completed within the established timelines and allocated budget. This individual will assess compliance with relevant regulatory requirements and industry best practices related to Capital Management including internal capital adequacy assessment processes, stress testing and regulatory capital requirements (Basel Rules). The ideal candidate will demonstrate comprehensive knowledge and understanding of the supervisory guidance and regulatory requirements as they relate to the areas of capital planning, Basel, stress testing (CCAR/DFAST), and other capital management activities.

Responsibilities

• Manage a team of audit staff responsible for a defined segment of the Audit Plan
• Demonstrate excellent leadership skills and the ability to assess risks and controls
• Be responsible for managing resources and audit work as well assisting broader team in overall audit plan completion
• Assess associated risks and controls and complete engagements timely and within the budgeted hours
• Excellent problem-solving and risk assessment skills
• Review workpapers, audit findings, risk assessments, and documentation in the system of record to ensure that all audit documentation is in line with the Audit Methodology and audit standards
• Communicate complex audit findings and recommendations to senior management and stakeholders
• Collaborate with team members and other departments to enhance coverage
• Plan and organize work in an annual cycle, not just project cycle
• Ensure audit engagements are risk-based, and executed according to Internal Audit policies and guidance
• Build and maintain a proficient team of auditors
• Provide timely feedback, coaching and monitoring of development plans
• Develop and maintain excellent business relationships with leadership and other stakeholders, such as regulatory agencies
• Manage allocation of people and financial resources for Audit
• Develop and guide a culture of talent development to meet business objectives and strategy

Requirements

• 6+ years of Audit, Risk experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• 3+ years of management experience

Nice-to-haves

• Comprehensive knowledge on Counterparty and Market Risk capital requirements and risk management
• Strong understanding of Basel III, capital adequacy frameworks, Risk-Weighted Assets and capital stress testing
• Comprehensive knowledge and understanding of capital management, Basel regulations, ICAAP, CCAR, stress testing, liquidity risk, and regulatory reporting
• Working knowledge of Basel Capital Accords, the US Regulatory Capital Rule (US 12 CFR parts 208, 217, and 225), Regulation H, Q, K, and Y, SR 15-18, SR 11-7, SR 12-7, BCC-13-6
• Audit experience in internal audit, external audit, or risk management preferably within the large financial services industry
• Certification in one or more of the following: CFA, CPA, CIA, FRM
• Proven experience in leading audit engagements and managing teams and large projects
• Excellent verbal, written, and communication skills
• Excellent analytical and problem-solving skills
• Bachelor's or Master's degree in accounting, Finance, Economics, or a related field

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