Audit Manager

Job Description

Wells Fargo Audit Services (WFAS) has an opening for an Audit Manager on the Wholesale Banking Audit team. This position will serve as one of the subject matter experts primarily covering the Market and Counterparty Credit Risks across Wells Fargo, Wells Fargo Securities branded businesses; including, Investment Banking, Securities and Derivatives Trading, Asset Backed Finance, and Investment Portfolio, and will also support the broader wholesale coverage model. The Audit Manager position will also require a deep knowledge of market and counterparty risk management, and how these disciplines relate to Capital Markets areas.

An Audit Manager at Wells Fargo supports the Senior Audit Manager in formulating and executing a successful multi-year coverage strategy for a defined portion of the company, often encompassing multiple business units. To achieve this, they maintain a strong understanding of the business’ historical, current and future operations, including the diverse set of associated risks and control structures. Audit Managers must also maintain knowledge of industry events, emerging risks, and other relevant subject matter, which requires close relationship management with both business partners and their peers in the risk community. Audit Managers are expected to take an active role in regulator discussions and exams, including the SEC, FINRA, OCC, FRB, and NFA, and ensure that coverage addresses regulator focus areas.

The Audit Manager is a senior member of a diverse virtual team, ranging from experienced resources to college interns and associates. Their supervision will include providing on the job training, managing role assignments, and delivering relevant feedback that increases team members’ proficiency and prepares them for future growth. While Audit Managers work with their auditor-in-charge to execute on coverage strategies, they must supervise key activities such as business partner interactions, establishing scope, managing deadlines, maintaining documentation, raising issues and writing final reports. Audit Managers also play an active role in tracking and validating (testing) management’s remediation of issues. This requires strong critical thinking, project management and communication skills. These responsibilities will apply to multiple concurrent projects.

Audit Managers are also responsible for numerous ad-hoc projects throughout the year. This may include preparing presentations for company executives. It will also include internal initiatives to help strengthen their team and the overall department. While most requests will come from the senior management team, they are also expected to proactively identify opportunities on their own.

Travel may be required 25% of the time.

Required Qualifications

  • 7+ years of experience in one or a combination of the following: audit, control testing, control and risk identification, or audit analysis
  • 2+ years of leadership experience

Desired Qualifications

  • Audit experience at a large financial institution or auditing company.
  • A BS/BA degree or higher in accounting, finance, or business administration
  • Certification in one or more of the following: CPA, CAMS, CRCM, CIA, CISA or Commissioned Bank Examiner designation
  • Leadership experience for professional auditors, risk management, or project leadership professionals
  • Solid knowledge and understanding of audit methodologies and tools that support audit processes
  • Excellent verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy
  • Strong organizational, multi-tasking, and prioritizing skills

Other Desired Qualifications
  • Demonstrated recent career progression in either audit, risk management, or a related field.
  • Knowledge of Banking and/or investment regulatory framework.
  • Proficiency using Computer Assisted Auditing Techniques.
  • Active Certification in relevant certification program (CIA, CISA, CPA, CFA, etc.)
  • Experience in managing regulator relationships.
  • Experience with Capital Markets businesses and related risk functions. In particular Market and Counterparty Credit risks.

    All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

    Relevant military experience is considered for veterans and transitioning service men and women.

    Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

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