AVP - Reconciliation & Controls

About this role:

Wells Fargo is seeking a Financial Accountant :

Reconciliation and reporting activities related to WFS/FX Operations and Securities Operations & Accounting internal accounts and positions.

Daily reconciliations are performed for: detail accounts (such as cash & suspense) at a transaction level, reconciliation of subsystem to GL accounts at a balance level, reconciliation of custodial/collateral positions, in addition to other back-office system controls.

In this role, you will:

• Identification of breaks within reconciliations.
• Ensuring proper assignment of breaks and working with those parties to ensure resolution.
• Review of peer reconciliations as needed.
• Assistance with monthly reporting of aging schedules and aged breaks.
• Effectively communicate with multiple business partners, including upstream data providers, accounting/operations colleagues, and/or downstream customers of the recons.
• Properly escalate issues identified as potential risks.
• Provide process improvement ideas and solutions to reduce non value-added work, and further auto manually intensive processes.
• Provide consultation to more experienced leadership for financial accounting related matters
• Perform complex activities associated with maintaining ledger accounts, developing financial statements and regulatory reports
• Gather and review financial data for financial and regulatory reports
• Review data from the general ledger, unit reports and various financial systems to ensure accuracy
• Prepare and review account reconciliations and certifications
• Analyze projects relating to financial accounting procedures, methods or systems
• Perform ongoing financial control functions in accordance with internal controls policies

Required Qualifications:

• 2+ 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
• Understanding of accounting concepts
• Reconciliation experience required
• Experience supporting securities operations in a controls or reconciliation environment a plus.
• Experience and proficiency with automated recon tools.
• Advanced MS Excel skills, i.e. macros, pivot tables, VLOOKUP's, etc.
• Ability to work independently on assigned accounts but work collectively as a team to meet the needs that arise from day-to-day workflow.
• Strong and effective communication and problem-solving skills

Desired Qualifications:

• CPA/CA or MBA in Finance, Accounting, or Business degree

Posting End Date:

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.

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 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.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our 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.

c. Please be prepared to provide accurate information and supporting documentation in connection with any lawful employment and education verification conducted by Wells Fargo.