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Wells Fargo Head of Corporate Investment Banking and Funding Financial Accounting in MINNEAPOLIS, Minnesota

Controllers Division

The Controllers group delivers subject matter expertise, counsel, governance, and oversight for all Wells Fargo controllership activities to the business units and staff groups. The division currently includes the following line of business and functional areas:

  • Commercial Banking, Wealth & Investment Management, and Enterprise Functions

  • Corporate Investment Banking, Corporate Investing & Funding

  • Consumer Lending & Banking

  • Corporate Accounting & Reporting

  • Accounting Transformation

  • Regulatory Reporting, Controls & Oversight

  • Corporate Tax

The group's mission is to perform responsibilities in an efficient and well-controlled environment to ensure deliverables are reliable and accurate, ensure interactions with both internal and external stakeholders are completed with the highest integrity, and provide accounting, controllership, and other support of the highest quality to our business and staff group partners. And to foster an environment that encourages and promotes diversity and inclusion across our employees.

The Position

The Head of Corporate Investment Banking and Funding Financial Accounting manages the accounting teams supporting this business and the related SEC/Regulatory Reporting of these products. This leader serves as strategic partner and trusted accounting advisor to the business, ensuring effective controls are in place, U.S. Generally Accepted Accounting Principles (GAAP) is properly followed, and leaders understand the accounting, internal control and financial reporting requirements of their businesses. Additionally, this leader is responsible for the Independent Price Verification function that is responsible for providing valuation oversight for the firm's securities and derivatives portfolios. The leader also will manage a security, funding, and hedging operations team.

As a key member of the Controllers Leadership team, this role will report to the Chief Accounting Officer and be responsible for bringing the comprehensive capabilities of the Controllers' organization to the businesses. This leader is also expected to provide significant input into our transformation efforts requiring collaboration with stakeholders across Controllers, Finance, Line of Business, Data Management, Technology and other partner areas to execute change. This work aligns with Wells Fargo's strategy toward broader and more rigorous digitization, automation and risk management approaches.

The Head of Corporate Investment Banking and Funding Financial Accounting core responsibilities include

  • Partnership : This position is responsible for developing and maintaining strong relationships to understand key business activities, monitor changes in the business and industry, and ensure that the businesses are being served well for their assigned area by having relevant, sound, fact-based accounting and control inputs to inform their decision-making processes. In this role, this Leader will need to have a strong working knowledge of traded products including investment securities, complex financial instruments such as derivatives, repos, structured investments, and hedge accounting.

  • Accounting and Reporting: This position is responsible for leading a team of professionals to ensure all transactions and business activity in CIB and the Investment Portfolio are accounted for in accordance with US GAAP and company policy, appropriately captured and recorded in our general ledger, and appropriately reported and disclosed in a) our publicly issued corporate financial statements, b) in various required subsidiary financial statements, and c) in the various regulatory reports issued to the Federal Reserve Bank, the OCC, and other principal regulators, as necessary.

  • Technical Accounting Knowledge: This position is responsible for understanding and applying the requirements of US GAAP, as well as other SEC and bank regulatory reporting requirements, including a strong understanding of regulatory reporting such as FR Y-9C, Call Report, FFIEC 101, FR Y-14, etc. and capital requirements.

  • Operational Accounting and Systems: This position will require a strong understanding of key platforms used for trading products and securities funding including systems of record and accounting engines in order to drive continuous improvement and simplification in the ecosystem.

  • Internal Control Environment : This position is responsible for ensuring adequate internal controls over the financial and regulatory reporting environment are established and maintained. In this role, working together with the business and other divisions within the Controllers Organization, the team ensures that internal controls are designed and operating effectively through the execution of our quarterly and annual internal control assessment processes performed for both SEC and regulatory reporting.

  • Process Effectiveness and Efficiency : This position will ensure there is a detailed understanding of the accounting, reporting and internal control processes under their supervision, and for ensuring these processes are both operating effectively and efficiently. The leader in this role will be expected to think strategically and tactically, balancing long-term objectives with short-term goals. This Leader will be responsible for developing and fostering a continuous improvement culture throughout the accounting & reporting environment that drives ongoing process improvement, efficiency, and effectiveness solutions through automation, digitization, and other enablement tools while actively advocating for their business partners and balancing between risk mitigation and operational efficiency. This Leader will be expected to understand and execute process improvement strategies, digital alternatives and off-shoring capabilities.

  • Strategic Leadership and Communication: This position is responsible for providing transformational, strategic leadership on accounting, reporting and internal controls. In addition to effectively managing his/her team, this Leader will be required to effectively partner with business leadership and other appropriate groups to understand the business priorities and initiatives, and determine how best to integrate the accounting, reporting and control requirement within the direction of the business. This leader will have responsibility for building and fostering a team culture that enables & empowers success, drives continuous improvement, encourages learning, and celebrates achievement.

  • Oversight and management of the Independent Price Verification COE.

The Candidate

Leadership and credibility will be determining factors in selection. Successful candidates will be articulate and possess a demonstrated leadership capability; they will have strong inter-personal effectiveness. A key differentiator will be the ability to understand and operate successfully in a complex, heavily matrixed corporate environment. The role requires a sense of urgency, passion for results, and personal accountability for achievement.

Required Qualifications:

  • 8+ years of Finance, Accounting, Treasury, Analytics, Reporting Experience, or equivalent experience demonstrated through one or a combination of the following: work experience, training, military experience, education

  • 4+ years of management experience

Other Desired Qualifications:

  • Certified Public Accountant (CPA) strongly preferred

  • Experience working in a Public Accounting Firm

  • Experience leading large teams of 100+ individuals

  • Skilled controller with strong fixed income background in derivatives, securities, and loans and a deep understanding of Basel regulatory capital and its application to fixed income businesses.

  • Trading and investing products experience from an accounting perspective

  • Technical GAAP, Regulatory, and Capital reporting experience

  • Seeking a truly unique individual who has the requisite business, finance, and strategic expertise, but also the highly entrepreneurial spirit and passion which is very much part of the firm's culture. The individual must be a builder, not just a refiner, someone who is versatile and agile, and a leader who is focused on mentorship and development.

  • Demonstrated knowledge of the accounting, reporting and internal controls requirements within a large, diversified U.S. financial services institution; strong understanding of current financial and regulatory requirements

  • Experience dealing directly with financial and securities regulators, internal and external auditors

  • Highly collaborative Senior Accounting Leader with proven ability to effectively lead large, complex and diverse teams, and exceptional track record of delivering results

  • An energetic, efficient, and resourceful team player. Takes ownership of work product and delivers within tight deadlines

  • Ability to recruit, mentor and develop the next generation of financial leadership

  • Ability to work and influence successfully within a matrix environment and build trusted relationships with Executive Leadership Team members and the extended business and functional leaders across the company

  • An intelligent, decisive, self-confident, and results-oriented individual who possesses a combination of mental flexibility, creativity, analytical ability, and sound judgment

  • Is of unquestionable personal and professional integrity; can give and take constructive criticism and demands high performance from both him/her and colleagues

  • Ability to successfully develop innovative solutions and drive transformational change; strong analytical and critical thinking skills combined with strategic business focus

  • An "own it" attitude; a "doer" comfortable in a fast-paced, complex environment; solves problems collaboratively through open and constructive discussion

  • A change agent. Meaningful business improvement/efficiency and effectiveness change management experience. An evident project/change management approach to driving continuous improvement in process delivery.

  • Strong interpersonal skills, superior intellect, and an outstanding ability to communicate using these qualities and skills

  • Detail oriented, responsive, and proactive. Fosters clarity, transparency, consistency, and widespread understanding across the business

  • Ability to translate complex technical concepts so that they are clearly understood in support of sound decisions

  • Demonstrated effective verbal, written, and interpersonal communications skills with the ability to present information in order to create understanding and influence decisions

  • Demonstrated experience working extensively in MIS; in complex IT environments as well as data management process understanding.

Travel Expectations:

Ability to travel up to 25%

Pay Range

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

$207,900.00 - $431,900.00

Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

  • 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

Posting End Date:

14 Oct 2024

* Job posting may come down early due to volume of applicants.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees 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.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

Company: WELLS FARGO BANK

Req Number: R-407634-3

Updated: Thu Oct 10 01:30:14 UTC 2024

Location: MINNEAPOLIS,Minnesota

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