Senior Auditor - Market and Counterparty Risk Management

Full-time - Senior

Minneapolis, MN

About the position

Wells Fargo is seeking a Senior Auditor on the Market and Counterparty Risk Audit Team which focuses on market and counterparty risk independent risk management activities such as governance, limit framework and monitoring, management reporting, business as usual stress testing and scenario analysis, and regulatory requirements/exceptions. The Audit team provides credible challenge to business partners regarding the effectiveness of the control environment, business trends, issues, and operating and regulatory environment changes related to both market and counterparty risk.

Responsibilities

• Perform audit testing components of assigned audits within multiple segments of the Audit Plan
• Plan and execute independent audit testing and ensure that they are timely and accurate
• Identify and assess key risks and controls
• Execute and document work in accordance with Wells Fargo Audit Services policy
• Identify and develop compensating controls that mitigate audit findings and make recommendations to management
• Inform manager of situational issues that might compromise objectivity or independence
• Design and execute tests to verify control effectiveness
• Document work papers according to the standards of the Internal Audit policy and guidance
• Demonstrate professional skepticism while performing major components of audits
• Lead smaller scale audits or projects
• Develop ways to improve existing audit practices
• Develop effective test plans for engagements as assigned with limited guidance
• Participate in projects as directed
• Develop business partnerships within Internal Audit and with teams companywide through professional communication and clear audit deliverables

Requirements

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

Nice-to-haves

• Experience in Market and Counterparty Risk Management and/or risk management in one or more of the following: commodity, counterparty, credit spread, equity, FX, and/or rate risks.
• Solid knowledge and understanding of audit or risk methodologies and supporting tools
• Experience at a financial institution or accounting firm
• A BS/BA degree or higher
• Strong understanding of financial regulatory environment
• Certification in one or more of the following: CPA, CAMS, CRCM, CIA, CISA or Commissioned Bank Examiner designation
• Experience leading and providing feedback to staff on audit projects or engagements
• Excellent verbal, written, and interpersonal communication skills

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