Wells Fargo
Charlotte, North Carolina, United States
2 days ago
Job Function


About this role:

Wells Fargo is seeking candidate responsible for providing reconcilement oversight, of reconciliations performed offshore in India for all of the Lines of business groups within Commercial Banking Operations across APAC, EMEA, USA & Canada. The reconciliation includes Detailed Nostro/GL; Subsystem; Cash Substantiation; Portfolio Recon; FX Position; Supplemental (Multiple System Data comparison) and SWIFT Messages/Payments & Indirect Taxes. Team Members will closely work with multiple departments/stakeholders (Finance, Cash, Operations, Static Data, Production Support, Technology, Offshore reconciliation teams etc.) across globe to identify efficiencies and establish the necessary key controls to capture all risk related items specific to Commercial Banking Operations. In addition the candidate will be expected to support RCSA and Operational risk processes as a process control owner.

In this role, you will:
  • Oversee operational accounting activities associated with maintaining ledger, customer accounts and developing reports.
  • Provide operational accounting support for internal business groups or operations departments.
  • Review data from the general ledger, unit reports and various systems to ensure accuracy.
  • Recommend, implement and communicate best practices and procedures for operational or financial control.
  • Provide in-depth business review and develop long term strategies to optimize group or company performance.
  • Manage implementation of complex operational accounting projects that have critical impact on the group or company.
  • Gather and review operational or financial data for regulatory reports.
  • Prepare and review account reconciliations and certifications and oversee reconciliation activities performed by offshore India team
  • Review operational accounting procedures, methods or systems.
  • Identify and resolve complex or unique issues.
  • Review accuracy of data from the general ledger, unit reports and various systems.
  • Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals.
  • Control owner for RCSA

Required Qualifications:
  • 4+ years of Operational Accounting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:
  • Bachelor's degree in Commerce or MBA in Finance.
  • Certified Public Accountant (CPA) certification preferred.
  • International Banking Operations Experience.
  • 10+ years of overall experience in the banking industry.
  • Accounting and Controls standards and policies Broad Banking/Financial services experience.
  • Proven understanding of accounting fundamentals as it relates to Nostros/Cash, Suspense and Subsystem reconcilements.
  • Exposure to Operational Risk and RCSA.
  • Thorough knowledge on Nostro/Vostro, Foreign Exchange, SWIFT.
  • Proven knowledge of IRIS Web/Oracle GL processing.
  • Commitment to understanding Corporate and Accounting Policy.
  • Proven ability/proficiency with the use of various types of automation.
  • Proven Basic or intermediate Microsoft Excel, Word and Power Point skills.
  • Proven Basic Excel VBA/Macro Skill.
  • Ability to prioritize work, meet deadlines, achieve goals and work under pressure in a dynamic and complex environment.
  • Detail oriented, results driven, and has the ability to navigate in a quickly changing and high demand environment while balancing multiple priorities.
  • Ability to research and report on a variety of issues using problem solving skills.
  • Ability to work both independently as well as within a team environment.
  • Effective oral and written communication skills.

Job Expectations:
  • Hybrid Schedule: 3 days in-office, 2 days remote.
  • 8am - 5pm schedule, Mon-Fri.
  • Work Location: 1525 W WT Harris Blvd, Charlotte, NC 28262.

Posting End Date:
15 Jul 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.

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.

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.

Job ID: 74277196

Please refer to the company's website or job descriptions to learn more about them.

View Full Profile

Jobs You May Like