Financial Accounting Director

Wells Fargo

8 - 13 years

10 - 15 Lacs

bengaluru

Posted:6 hours ago| Platform:

Apply

Skills Required

accounting ledger trading risk management us gaap data management accountant process improvement regulatory reporting risk mitigation change management financial accounting financial reporting gaap agile finance

Work Mode

Work from Office

Job Type

Full Time

Job Description

In this role, you will:

Manage a team supporting the largest and most complex functional areas related to financial accounting
Work directly with management to establish companywide strategic plans and objectives, directing and controlling accounting, accounting policy, internal control and reporting functions or activities
Identify and resolve abstract, systemic, infrastructural issues impacting the effectiveness of the company's efforts one or more of the financial accounting functional areas
Set strategic direction on matters related to financial accounting and the company's internal controls policies and ongoing compliance
Advise leadership and executive management on issues with critical impact on the success of the enterprise
Define the long-term strategy for the business
Set guidelines for compliance and risk management requirements for supported area and work with other stakeholders to implement key risk initiatives
Provide strategic consultation to leadership throughout the enterprise
Interact with external agencies, regulatory bodies or industry forums
Manage a team that includes multiple levels of managers
Manage allocation of people and financial resources to ensure commitments are met and align with strategic objectives in Enterprise Finance
Develop and guide a culture of talent development to meet business objectives and strategy

Required Qualifications:

8+ years of Finance, Accounting, Analytics, Financial Reporting, Accounting Reporting or Risk Reporting experience, or equivalent experience demonstrated through one or a combination of the following: work experience, training, military experience, education
4+ years of management or leadership experience

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 firms 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.

Job Expectations:

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, factbased 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

More Jobs at Wells Fargo

Senior Due Diligence Consultant

Bengaluru

4 - 8 yrs

INR 7 - 17 Lacs

Senior Institutional Investment Operations Representative

Hyderabad

3 - 4 yrs

INR 7 - 17 Lacs

Lead Business Execution - Consultant

Hyderabad

2 - 7 yrs

INR 7 - 17 Lacs

Risk Analytics - Consultant

Bengaluru

2 - 7 yrs

INR 7 - 17 Lacs

Information Security Analyst Database Admin SQL - Oracle

Bengaluru

2 - 6 yrs

INR 7 - 17 Lacs

Mock Interview

Practice Video Interview with JobPe AI

Start Job-Specific Interview

Start Your Job Search Today

Browse through a variety of job opportunities tailored to your skills and preferences. Filter by location, experience, salary, and more to find your perfect fit.