Wells Fargo Hiring for Financial Accounting Senior Manager at India


  • Full Time
  • India

Wells Fargo

Job Description

Job Description :

About this role:
Wells Fargo is seeking a Financial Accounting Senior Manager.

  • This role will report directly to Head of Controllers, I&P and will have functional responsibility for managing a team of professionals supporting Regulatory & Financial reporting for legal entities across international regions. As a result, the role has functional accountability to the International Controller who is based in London and the individual will be a key part of the International Controllers management team.
  • Lead a team of managers, consultants, cross functional or virtual teams in accomplishing goals. The role will provide leadership to a growing team of professionals based in Chennai
  • BAU responsibilities primarily relate to providing complete and accurate financial and regulatory data, the maintenance of a robust and effective control environment, the oversight of local change management and control monitoring teams and effective communication with the functional management team based in various international locations.
  • Alongside this, the individual will be responsible for enlarging the function successfully to the target state of 50 FTE by mid-2023.

In this role, you will:

  • Manage regional teams responsible for the preparation of recurring regulatory & financial information, including both day to day aspects, and longer term structural components (hiring and retention, performance management, coaching and development).
  • Examples of reporting to be supported by the team includes (but not limited to):
    • Prudential (e.g. Capital and liquidity) reporting to local regulatory authorities the regions covered
    • Financial & statistical reporting to local regulatory authorities
    • Financial regulatory reporting to US regulatory authorities
    • Annual audited financial statements produced under IFRS/local GAAP
    • US corporate GL close under US GAAP
    • Internal legal entity based management reporting
    • VAT return production
  • Support development of a best in class Controller team, and by extension the International Controllers organization by aligning to key principles and priorities set by the International Controller and International CFO.
  • Oversee local teams working across international to deliver both local and broader change and control improvement initiatives
  • Monitor and develop the local control environment to support accurate and timely regulatory financial reporting.
  • Embed and drive adherence to applicable firmwide policies including the Governance & Oversight Framework.
  • Engage with key stakeholders to support planning, testing and implementation of projects and initiatives, which affect the regulatory reporting & wider finance function.
  • Engage with lines of business to assess the impact of business initiatives.
  • Support engagement with lines of business and other internal stakeholders to assess the impact of business initiatives.
  • Support active management of all control weaknesses in line with bank protocols, including assessing, recommending and executing remediation for all identified issues in line with agreed timelines.
  • Ensure operational documentation is maintained and is best in class.
  • Oversee and challenge the re-engineering of legacy manual processes, utilizing best in class digital toolsets wherever possible.
  • Partner with stakeholders within the team and across the firm to support development of clear infrastructure and data strategies aimed at enhancing the control, quality and efficiency of regulatory reporting.
  • Ensure approaches and processes are consistent across international regions as appropriate

In addition to these functions, employees are required to carry out such other duties as may reasonably be required.

Required Qualifications:

  • CA/CPA with 12+ years of Finance, Accounting, Analytics, Financial Reporting, Accounting Reporting or Risk Reporting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
  • 7+ years of management experience
  • Experience building and running a able Finance team supporting multiple international locations, preferably within a US based organisation.
  • Experience managing the preparation of internal financial reporting, considering both Legal Entity and Line of Business dimensions.
  • Working knowledge of financial services/products and their accounting treatment (US GAAP and IFRS).
  • Experience managing the preparation of International & US regulatory returns, ideally covering capital & liquidity , as well as financial/statistical reporting.
  • Self-motivated/proactive approach, with the ability to work independently within a team structure.
  • Innovative mindset, with a track record of process enhancement (enhancing efficiency, control, transparency).
  • Knowledge of NextGen tools such as Tableau, Confluence, Alteryx and similar.
  • Understanding of change management discipline, and the ability to collaborate effectively data management teams and Technology partners.
  • Proven track record of delivering process improvement projects
  • Strong team management and development skills, with a track record of supporting and building staff engagement.
  • Experience developing strong extended team working practices across multiple locations.
  • Understanding of best in class expectations in respect of controls and governance.
  • Strong communication skills, with the ability to present concisely and accurately to senior audiences.
  • Fast learner with an inquisitive mindset and good problem solving skills.
  • Good time management and organisational skills.
  • Qualified accountant.
  • Strong academic background

Desired Qualifications:

Job Expectations:

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, 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.

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