WELLS FARGO BANK Hiring for Finance & Accounting Associate Job at Bangalore Full Time

Wells Fargo India enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Technology, Operations, Risk, Audit, Process Excellence, Automation and Product, Analytics and Modeling. We are operating in Hyderabad, Bengaluru, and Chennai locations.

Department Overview

Team manages a team of subject matter experts providing detailed Enterprise Finance plans, tracks, analyzes and reports financial results, manages the company’s balance sheet, including funding, capital, and investments; oversees internal real estate needs; drives acquisitions; is responsible for financial controls; and leads corporate strategy.

About the Role:

Wells Fargo is seeking a Finance Associate

This role requires a developed understanding of Enterprise Finance identifies areas of financial risk and mitigates efforts appropriately. Responsible for internal financial management reporting and analysis to support the enterprise, business units, and functional areas and provide meaningful insights into the underlying drivers impacting results. The group strives for excellence in customer service and client support by exhibiting behavior that is fair, reasonable, ethical, and professional. As a key member of the AU Management team, the ideal candidate will support the development and implementation of the Governance & Control framework for the AU Management function working in partnership with other Finance, Controller, and other cross-functional teams as appropriate.

Responsibilities

• Review completeness of AU maintenance requests daily.
• Complete quality control reviews on AU request to ensure standard processing. Escalate all issues for further review.
• Perform initial intake assessment for centralization of manual journal entries.
• Evaluate and track exceptions to standardize processes.
• Identify and escalate potential gaps derived from quality reviews that may result in risk to Wells Fargo. Escalate risk to management.
• Document end-to-end process procedures including dependencies, controls, inputs/outputs, gap identification.
• Collaborate with other stakeholders to implement key risk initiatives to ensure compliance and manage risk
• Maintain effective and efficient reporting delivery that meets brand standards and internal control standards
• Knowledge of Project management or Agile JIRA tool.
• Work with Lines of Businesses & Support functions to drive continuous improvement in financial and operational performance

Essential Qualifications

• Bachelor’s/ Postgraduate in Accounting, Finance or Business Administration
• Ability to assess compliance with policies and procedures
• Experience resolving and working through issues
• Solid critical thinking skills
• Strong analytical skills with high diligence and accuracy

Desired Qualifications

• 5-7 years of experience in finance or accounting roles, including monthly close, management reporting, Journal entries and General Ledger, Hierarchy/AU change management.
• Industry experience strongly preferred. Advanced Essbase knowledge preferred.
• Strong time management skills and ability to meet deadlines

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, age, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

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.