Resolution and Recovery Plan Analyst (Fin Rep & Analysis Analyst 2)
Wells Fargo
Manila Philippines
17d ago

Market Job Description

About Enterprise Global Services

Enterprise Global Services (EGS) enables global talent capabilities for Wells Fargo Bank NA., by supporting over half of Wells Fargo's business lines and staff functions across Technology, Business Services, Risk Services and Knowledge Services.

EGS operates in Hyderabad, Bengaluru and Chennai in India and in Manila, Philippines. Learn more about EGS at our International Careers website.

Department Overview

The Capital Markets Accounting Operations Center of Excellence was established to bring the controller activities into one centralized team within the Controllers division that delivers expertise on anything and everything that touches the ledger.

This team focuses on reconciliations and controls on fixed income, securities, and derivatives for Traded Products. The group performs reconciliations of books and records across Well Fargo Securities supporting the corporate general ledger, stock record, depositories, custodial positions, and SEC / regulatory reporting.

About the Role

With respect to Resolution and Recovery Plan required inter-affiliate relationships the following tasks need to occur : lending rollovers, arms length transaction monitoring, liquidity monitoring, covenant compliance, credit underwriting, deal funding and legal agreements.

Responsibilities

  • This role 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 professional responsible for resolving 2nd level queries.
  • Responsible for performing tasks of moderate complexity as per specified standards with moderate supervision, typically involves some amount of independent decision-making.
  • Market Skills and Certifications

    Essential Qualifications

  • Candidates must be a CPA (Certified Public Accountant)
  • Must have at least 2 years of experience in accounting preferably in derivatives, capital markets, US Regulatory Reporting, US Financial Services and reconciliation / validation.
  • Must be proficient in creating reports in Excel, has the ability to maximize use of formulas and functions to streamline reporting needs.
  • Basic understanding of macros programming using VBA / Access is highly preferred.

  • Familiarity in portfolio or securities accounting such as securities, commodities, investment funds, derivatives and especially foreign exchange
  • Must have in-depth background in compiling and analyzing financial information in preparing entries to accounts, such as general ledgers and document business transactions.
  • Compile and analyze financial information to prepare entries to accounts, such as general ledger accounts, and document business transactions
  • Ability to resolve accounting discrepancies
  • Must be able to establish, maintain, and coordinate the implementation of accounting and accounting control procedures
  • Candidates must be willing to work in night shifts, or weekends / holidays if deemed necessary by the business
  • 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.

    APAC

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