10 days old

Financial Accounting Senior Consultant - Derivatives Reporting

Charlotte, NC 28202
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Job Description

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume prior to submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as Personal Cell or Cellular in the contact information of your application.

At Wells Fargo, we want to satisfy our customers financial needs and help them succeed financially. Were looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where youll feel valued and inspired to contribute your unique skills and experience.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Enterprise Finance drives financial management for the company and maintains and enhances risk and financial controls. Key functions within Enterprise Finance include finance and accounting; Treasury; corporate development, mergers, and acquisitions; Data Management and Insights, the Customer Remediation Center of Excellence, Enterprise Shared Services, Business Process Management, and Corporate Strategy. Enterprise Finance informs shareholders, regulators, taxing authorities, team members, and leaders of the companys financial performance through earnings releases, investor meetings and conferences, and meetings with regulators and credit rating agencies, following appropriate reporting guidelines. They also maintain and enhance risk and financial controls and lead many of the companys shared services functions including corporate properties, security, and global services.

The Derivatives Accounting & Reporting Team is responsible for complex accounting processes related to derivatives such as:

balance sheet netting classification and presentation of derivatives on the balance sheet for consolidated companies and individual legal entities elimination entries between affiliates, and calculation of certain notional balances on derivative contracts

In order to perform these accounting processes, the team compiles derivatives and foreign-denominated asset and liability data from several sources and reconciles this data to ensure that is complete and accurate using a combination of manual and automated procedures. The team then applies the technical accounting requirements to this data and uses the accounting records to prepare certain regulatory filings on a timely and accurate basis. This work effort requires derivative and foreign denominated financial instrument product knowledge, as well as an understanding of the technical accounting requirements related to derivatives and foreign denominated financial instruments. There must be a demonstrated ability to research and evaluate how these transactions are accounted for in systems of record, complemented by the ability to design operational accounting processes that address data integrity and produce high quality accounting data. In addition, the team must also compose business requirements documents that prescribe the technology requirements required to implement production enhancements that reduce the level of manual intervention in the accounting and reporting processes.

The Role
There are two openings associated with this position. This individual will play a significant role and leading the compilation and critical review data submissions on derivatives and foreign-denominated assets and liabilities for the purposes of preparing SEC and regulatory filings. This requires an ability to evaluate complex reporting requirements, to define the data elements required to satisfy the reporting requirements and in some cases, to perform complex calculations on accounting information to generate the requested derivatives information. The individual is expected to possess strong analytical skills and a sound understanding of control requirements over financial reporting. Experience in data analytics and accounting for derivatives and foreign-denominated assets and liabilities is desired.

The work requires an individual that is self-directed and has the ability to prioritize, manage and deliver on competing requests. In addition to reporting responsibilities, the individual will also participate in composing business requirements documentation that technology specialists can use as a roadmap to acquire the data required to complete reporting requirements. This requires excellent oral, written and interpersonal skills. This individual will also assist with developing more junior team members and take leadership roles in reporting consultations and data requests from other business units.

Required location for this position is 11625 Community House Rd., Charlotte, NC. Relocation assistance is available for this position.

Please note: Based on the volume of applications received, this job posting may be removed prior to the indicated close date. If you do not apply prior to the closing of this posting, we encourage you to apply for other opportunities with Wells Fargo.

Required Qualifications

6+ years of experience in one or a combination of the following: finance, accounting, analytics, financial reporting, accounting reporting or risk reporting; or a BS/BA or higher in Finance, Accounting, Statistics, Economics, or Business and 4+ years of experience in one or a combination of the following: finance, accounting, analytics, financial reporting, accounting reporting or risk reporting

Desired Qualifications

Experience writing Business Requirements Documents (BRD's)Microsoft Visio experienceSQL experienceAbility to execute in a fast paced, high demand, environment while balancing multiple prioritiesAbility to incorporate multiple data sources and develop strategies/operational processesAbility to strategically analyze data and diagnose opportunities and interventionsAbility to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are importantAdvanced Microsoft Office (Word, Excel, Outlook, and Access) skillsExcellent verbal, written, and interpersonal communication skillsKnowledge and understanding of financial products: exposure to fixed income securities, derivatives, and foreign exchangeSuperior project management skills including the ability to handle multiple projects concurrentlyChartered Financial Analyst (CFA) or Certified Public Accountant (CPA)Leadership skills including; coaching, training, and mentoring3+ years of Big 4 public accounting experience 3+ years of experience in SEC and regulatory reportingAbility to manage effectively in a matrixed organizationA BS/BA degree or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting

Other Desired Qualifications Experience in consolidation accounting, balance sheet netting, foreign currency accounting and general accounting for derivative contracts Ability to re-engineer accounting and reporting processes to gain efficiencies and to enhance controls Ability to define, implement, and manage best practice processes that support sound data management operations (i.e. testing, data analysis, metadata, reconciliation) Knowledge and understanding of analytical methods used to: plan, conduct, and direct the analysis of complex business problems


All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.



Posted: 2020-05-20 Expires: 2020-06-19

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Financial Accounting Senior Consultant - Derivatives Reporting

Wells Fargo
Charlotte, NC 28202

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