Financial Reporting Analyst, Data Management

2 - 7 years

7 - 17 Lacs

Posted:-1 days ago| Platform: Naukri logo

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Job Type

Full Time

Job Description

About this role:

Wells Fargo is seeking a Financial Reporting Analyst

In this role, you will:

  • Meet the companys regulatory, Security and Exchange Commission, and other external financial reporting requirements
  • Lead planning and execution strategy of large, complex external financial reporting requirements
  • Provide technical interpretation on various matters and is a key change agent in building and adopting best practices within the functional area
  • Lead implementation of the most complex projects and initiatives impacting multiple lines of business across the enterprise
  • Lead stakeholder development by maintaining ongoing interaction that increases their awareness, understanding, accountability, and engagement in the reporting process
  • Lead and direct accounting technical regulatory capital and regulatory reporting guidance
  • Lead technical advisory and reporting delivery in the companys coordination of the regulatory reporting reviews performed by United States Federal Banking and Broker Dealer agencies
  • Obtain and maintain SME knowledge of the Capital, Basel Advanced and Standardized RWA methodology and related impacted regulatory reports including FFIEC 101, Pillar 3, Call Report RC-R, FR Y-9C HC-R and FR Y-14Q Schedule D
  • Support the quarterly earnings estimate process to compile estimates of the Supplementary Leverage Ratio and Supplementary Leverage Exposure.
  • Ensure the compliance with requirements under the Companys Regulatory and Risk Reporting Governance & Oversight Framework including desktop procedures, work papers, and EUCT controls for the assigned regulatory reports; provide guidance and support to the department in completion of all required deliverables
  • Perform and develop new validations, reconciliations, checks, period over period variance analysis and other analytics to ensure adherence of the reports/presentations to the regulatory instructions and guideline
  • Partner with Corporate Accounting Policy, LOB Controllers and the Regulatory Interpretations Team to ensure the consistent adherence to regulatory rules including assessment of scheduled changes
  • Be part of key projects to support the RBR Reporting Team in meeting the changing and heightened expectation of regulatory reporting requirements. This includes supporting deliverables for key strategic Enterprise Finance projects

Required Qualifications:

  • 2+ years of Finance, Accounting, Financial Reporting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

  • B. Tech/CA/MBA degree or higher preferred with relevant 2+years of experience in one or a combination of the following: finance, accounting, analytics, and reporting
  • SAS programming for data extraction, transformation, and reporting.
  • Familiarity with Basel frameworks (PD, LGD, EAD) and capital adequacy calculations
  • Financial reporting expertise (GAAP, IFRS).
  • Advanced Excel and data analysis.
  • Demonstrate solid analytical skills from a Regulatory Reporting perspective. Specifically, Basel and Capital Reporting.
  • Ability to actively participate in workflow and task execution within a team environment
  • Experience in US Regulatory Reporting highly desired
  • Excellent verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy
  • Knowledge and understanding of research and analysis
  • Ability to work effectively in a team environment and across all organizational levels
  • Solid analytical skills including the ability to handle multiple projects concurrently

Job Expectations:

  • Develop and maintain SAS programs for data extraction and reporting
  • Prepare monthly, quarterly, and annual financial statements and regulatory filings.
  • Handling large datasets, data validation, and transformation; work towards Integration with regulatory systems (e.g., AxiomSL).
  • Ensure compliance with GAAP/IFRS and Basel norms.
  • Support audits and internal control reviews.

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Wells Fargo logo
Wells Fargo

Banking and Financial Services

San Francisco

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