Audit Manager, Vice President - Market and Counterparty Risk

About this role:

The Audit Manager, VP at Wells Fargo is an Individual Contributor role with no direct reports. The officer title associated with this role is Vice President given that this role is acting as the Auditor-in-charge, overseeing the work of a team of Audit staff.

Wells Fargo is seeking an Audit Manager, VP on the Market and Counterparty Risk Audit Team which focuses on market and counterparty risk independent risk management activities such as governance, limit framework and monitoring, management reporting, business as usual stress testing and scenario analysis, and regulatory requirements/exceptions. The Audit team provides credible challenge to business partners regarding the effectiveness of the control environment, business trends, issues, and operating and regulatory environment changes related to both market and counterparty risk.

In this role, you will:

• Execute and lead execution of the integrated audit process
• Participate in audits in accordance with Wells Fargo Audit Services policy
• Demonstrate depth and breadth of knowledge and understanding across multiple businesses or develops knowledge in a critical subject matter area
• Escalate significant risks and loss exposures to appropriate levels of management
• Ensure documentation and reporting are ready for review by managers and more experienced managers
• Demonstrate credible challenge
• Evaluate and provide appropriate solutions for complex problems
• Execute as part of a team multiple concurrent projects that are generally moderate to large in size and moderate to high in complexity
• Identify and assess key risks and controls and develop effective test plans for engagements as assigned with limited guidance
• Present audit results in an objective and unbiased manner
• Exhibit appropriate judgment regarding issue notification, issue draft findings to client management, and draft final audit reports
• Develop and maintain excellent business relationships within Internal Audit and with teams companywide

Required Qualifications:

• 5 years of Audit, Risk experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Experience in Market and Counterparty Risk Management
• Solid knowledge and understanding of audit or risk methodologies and supporting tools
• Experience at a financial institution or accounting firm
• A BS/BA degree or higher
• Strong understanding of financial regulatory environment
• Certification in one or more of the following: CPA, CAMS, CRCM, CIA, CISA or Commissioned Bank Examiner designation
• Experience leading and providing feedback to staff on audit projects or engagements
• Excellent verbal, written, and interpersonal communication skills

Job Expectations:

• Hybrid work schedule
• This position is not eligible for Visa sponsorship

Pay Range

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$111,100.00 - $197,500.00
Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement

Posting End Date:
17 Feb 2025

• Job posting may come down early due to volume of applicants.

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, status as a protected veteran, or any other legally protected characteristic.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy 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.