About this role
Wells Fargo is seeking a Reconciliation and Controls Professionals for Chennai location.
In this role, you will
- Supervise a team of individual contributors supporting functional areas related to financial accounting
- Identify opportunities for accounting tasks pertaining to accounts, statements, systems and records
- Maintain knowledge of current accounting practices and regulatory requirements
- Make daily technical decisions on various matters and resolve issues related to building and adopting best practices within the functional area
- Identify and ensure compliance and risk management requirements are met
- Collaborate and influence all levels of professionals including managers
- Lead team to achieve objectives
- Manage allocation of people and financial resources for Enterprise Finance
- Mentor and guide talent development of direct reports and assist in hiring talent
Required Qualifications
- 2+ years of Finance, Accounting, Analytics, Financial Reporting, Accounting Reporting or Risk Reporting experience, or equivalent demonstrated through one or a combination of the following work experience, training, military experience, education
- 1+ years of leadership experience
Required Qualifications for Europe, Middle East & Africa only
- Experience in Finance, Accounting, Analytics, Financial reporting, Accounting Reporting, Risk Reporting, or equivalent demonstrated through one or a combination of the following work experience, training, military experience, education
- Leadership experience
Jb Expectations
Responsible to ensure seamless delivery of reconciliation and reporting activities related to WFS/FX Operations and Securities Operations & Accounting internal accounts and positions.
Ensure Daily reconciliations are performed for detail accounts (such as cash & suspense) at a transaction level, reconciliation of subsystem to GL accounts at a balance level, reconciliation of custodial/collateral positions, in addition to other back office system controls
Duties
- Identification of breaks within reconciliations.
- Ensuring proper assignment of breaks and working with those parties to ensure resolution.
- Review of peer reconciliations as needed.
- Assistance with monthly reporting of aging schedules and aged breaks.
- Effectively communicate with multiple business partners, including upstream data providers, accounting/operations colleagues, and/or downstream customers of the recons.
- Properly escalate issues identified as potential risks.
- Provide process improvement ideas and solutions to reduce non value-added work, and further auto manually intensive processes
Expectations
- Strong exposure towards systems & reconciliation tools - Intellimatch, Snapshot, TLM along with techno functional skills in automation tools - Alteryx, Power BI etc.
- Manages function or has broad organizational influences and/or control/risk accountability
- Demonstrates professionalism and subject matter expertise in technical knowledge in their field, routinely displays and employs high level of knowledge of broader function/ business to solve problems
- Continuously monitors the functions, identifies the areas that can be simplified/ improved/ automated with adequate internal controls.
- Manage cross geography teams efficiently, explore skills in managing and resolving conflicts within functional areas and ensures the team works together, synergizes, and prevents future problems.
- Cross training across geography within the function to ensure team has end to end knowledge on the process and to address key man risk/ BCP.
- Maintain and observe the performance of your team related to individual, team, organizational, and company-wide goals.
- Ensure Governance around the responsible functions
- Review the key performance indicators (KPIs) for the processes/ functions.
- adequacy of process documentation and review of internal controls and compliance
- Other governance activities as required
Required qualifications
- 10 years of experience in finance and accounting
- CPA/CA or Bachelors/MBA in Finance, Accounting, or Business
- Understanding of accounting concepts
- Reconciliation experience must with analytical and judgement in resolving issues
- People management responsibilities
- Experience supporting securities operations in a controls or reconciliation environment a plus.
- Experience and proficiency with automated recon tools.
- Advanced MS Excel skills, i.e. macros, pivot tables, Vlookups, etc.
- Ability to work independently on assigned accounts, but work collectively as a team to meet the needs that arise from day to day workflow.
- Strong and effective communication and problem solving skills
Posting End Date
*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 USAll 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.
Candidates applying to job openings posted in Canada Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
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