Financial Control Analyst - IT General Controls Testing

About this role:

Wells Fargo is seeking a Financial Controls Analyst within the Enterprise COSO testing team.

The Enterprise Finance function contains the Corporate Controllers division, which includes the Enterprise Controls & Oversight (EC&O) group. The Enterprise COSO testing team is a component of EC&O. Enterprise COSO testing professionals will have enterprise-wide exposure to key stakeholders within the external financial/risk/regulatory reporting infrastructure. 

The Enterprise COSO testing team supports the Company’s on-going objective of maintaining an industry-leading information technology control environment and is responsible for the following directives:

• Providing meaningful assessments of IT General Controls (ITGCs) covering applications that support financial, risk, and regulatory reporting.
• Assessing compliance with Well Fargo & Company’s COSO based policies for IT controls impacted by internal controls over financial reporting (SEC and Regulatory Reporting) and strategic planning for on-going IT control compliance with COSO policies (proactive anticipation of internal control related matters).
• Monitoring new and emerging internal control related guidance and issues and assist with facilitating group-wide training to interested and impacted stakeholders.
• Providing consultation and subject matter expertise for process and IT control related matters including evaluating severity of control deficiencies and related remediation efforts.
• Providing process and control support and thought leadership for projects.
• Interfacing with external auditors, regulators and others on control related matters and,
• Acting as a change agent for continual improvement of the control environment.

In this role, you will:

• Partner with IT/LOB Process Owners/Control Owners to document significant in-scope processes (both process narratives and process flow diagrams).  Additionally, assessing the appropriateness and completeness of key risk and key controls identified.
• Perform the following IT General Control (ITGC) testing in the access to programs and data, change management, computer operations, and systems development lifecycle domains:
  • Perform walkthroughs of significant technology processes and ensure required COSO documentation is accurate and reflects relevant risk and key controls.
  • Validate and provide credible challenge to identified shared services, third party service providers, and significant applications.
  • Perform COSO testing of key ITGCs, including design effectiveness assessments and operating effectiveness testing.

• Validate and challenge documentation of control deficiencies, including issue description, root cause, unmitigated impact, and corrective actions.
• Analyze the severity of control deficiencies and their impact to internal control over financial reporting.
• Validate remediation of issues through assessment of the corrective actions performed.

• Build relationships and collaborate with key stakeholders in the technology functions related to assigned process areas.
• Assist with projects impacting the team, including identification of risks and consulting on controls for newly implemented processes and applications
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
• Communicate and provide consultation regularly with stakeholders throughout the enterprise
• Provide oversight for testing and monitoring involving moderate to complex subject matter or control areas
• Consult with the line of business and enterprise functions on financial reporting or information technology governance, and controls and oversight matters
• Identify compliance and risk management requirements for supported area

Required Qualifications:

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

Desired Qualifications:

• Internal controls testing experience including business process automated controls, and/or IT General Controls (ITGC)
• Experience identifying ITGCs and developing, executing test plans, and documenting testing for ITGCs across the access to programs and data, change management, computer operations, and system development lifecycle (SDLC) domains
• Experience partnering with financial and IT audit teams on integrated audits
• Experience with large professional services firms
• Experience with large financial institutions

In Addition:

Specific compliance policies may apply regarding outside activities and/or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process.

Pay Range
 

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

$63,600.00 - $113,000.00

Posting End Date:

1 May 2025

*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.

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.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.