Fin Rep & Analysis Analyst 3

Wells Fargo Manila , AR 72442

Posted 2 weeks ago

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading global financial services company with $2.0 trillion in assets and offices in over 37 countries.

Founded in 1852 and headquartered in San Francisco, Wells Fargo provides asset management, capital raising and advisory, financing, foreign exchange, payments, risk management, and trade finance services to support customers who conduct business in the global economy. At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We also value the viewpoints of our team members and encourage them to be their best.

Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo.

It all begins with outstanding talent. It all begins with you. Learn more at our International Careers website.

Market Job Description

This process involves collection, analysis, summarization and presentation of the financial performance of a business. Professionals are required to provide analysis around business' profitability and financial condition in both short and long term.

Statutory reporting is the mandatory submission of financial and non-financial information to the government agency. The reporting (multidimensional) is as per the Basel-II requirements. The team should have a strong understanding of the legal books, Financial Statements

  • Balance Sheets and Profit and Loss accounts, experience in reporting. This role can also include medium complexity research analysis related to financial governance and reporting.

    Experienced & proficient professional able to manage complex situations and guide junior professionals with moderate supervision. Next in line for Team Management or Content/Process Expert responsibilities.

Market Skills and Certifications

The Derivative Center of Excellence (DCOE) Team was created in response to issues identified with derivatives reporting and netting issues that prompted a Sarbanes-Oxley (SOX) Act Significant Deficiency. The team ensures documentation is completed, conduct training, and ensure parallel processes take place.

The team's purpose is to apply Wells Fargo's accounting policies uniformly to all derivative instruments across the company and prepare consolidated and legal entity internal and external reporting for the relevant derivative population. The team requires a comprehensive set of derivative and collateral information. This comprehensive dataset is reconciled to the General Ledger (GL) to ensure completeness and accuracy of data elements received and derived.

The Financial Reporting and Analysis Analyst Level 3 will perform: (1) Hedge Reclassification Activities The hedge of variability exposure in the flows of a specific asset or liability, or of a forecasted transaction, that is attributable to a particular risk.

(2) FIN 39 Netting

  • Netting credit collateral against derivative assets and liabilities.

(3) SEC and Regulatory Reporting perform a variety of activities to ensure accuracy and timeliness of reporting required by government agencies and regulators.

The position requires great attention to detail, ensures time sensitive maintenance is performed accurately, and demonstrates passion in training and mentoring team members.

Relevant Work Experience -

  • 3-5+ years of experience in Audit/Accounting preferably related to Trade Validation and Derivative Reconciliation.

  • In-depth background in Financial Service Operations with demonstrated knowledge of US Regulatory Reporting and general industry practices.

  • Proficiency in SQL, Oracle IrisWeb/Essbase, Vena, Calypso and other data management software experience is a plus.

JOb Duties and REponsibilities

  • Validation activities - monitoring of certain data elements for completeness and accuracy to ensure data quality and accurate reporting.

  • Data reconciliation and analytical reviews - reconcile the trades in the DNRA population to the General Ledger to determine if the database received the full population from CORS and conduct research for any variances analyze changes in derivative values month over month or quarter over quarter.

  • Accounting operation processes

  • Trade linking, Hedge reclassification activities and Balance Sheet netting (FIN39 Netting)
  • Preparation of manual adjusting entries - posting of necessary journal entries to adjust individual fields of trades already in data warehouse or post additional trades that were not initially captured on any system of records.

  • Quarter-end activities and reporting - prepares approximately 25 external regulatory reports every quarter and various internal reports as basis for SEC reporting and Y9-C / Call Report.

Educational Requirement -

Bachelor's Degree in Accounting/Finance or any Business related field

Certification Preferred -

Certified Public Accountants (CPAs) and Chartered Financial Analysts (CFAs) highly preferred

We Value Diversity

At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.



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Fin Rep & Analysis Analyst 3

Wells Fargo