Audit Director - Capital Management

About this role:

Wells Fargo is seeking an Audit Director (AD) to lead Internal Audit’s program of coverage of Capital Management. This position is an integral part of the Enterprise Finance Audit leadership team and serves as a leader and subject matter specialist covering regulatory capital requirements, stress testing and scenario analysis, capital adequacy and reporting. Specifically, this leader will lead a high performing team of approximately 30 team members. Experience navigating matrixed organizations, interfacing with regulatory agencies and building an effective audit approach to evaluate information and risk in this ever-changing risk environment is important. The candidate should have a demonstrated ability to influence management, build strong trusted relationships and drive change designed to mitigate risk.

In this role, you will:

• Manage multiple teams responsible for covering defined segments of the Audit Plan
• Own all aspects of the Capital Management Audit program. This includes, but is not limited to defining audit strategy, developing and risk assessing the audit universe, developing and executing the audit plan, performing business monitoring and evaluating emerging risks, validating issue closure, and effectively coordinating capital adequacy risk coverage
• Assess the control effectiveness and governance structure of segments of the Audit Plan and for completion of related audit engagements
• Plan and organize work in an annual and beyond cycle, not just project cycle
• Ensure audit plan and engagements are risk-based and executed according to Internal Audit policies and guidance
• Build and maintain proficient leadership teams
• Develop and maintain excellent business relationships with leadership and other stakeholders, such as regulatory agencies
• Manage allocation of people and financial resources to ensure commitments are met and align with strategic objectives in Audit
• Develop and guide a culture of talent development to meet business objectives and strategy

Required Qualifications:

• 8+ years of Audit, Risk experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• 4+ years of management or leadership experience

Required Qualifications for Europe, Middle East & Africa only:

• Experience in Audit, Risk, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• Management or leadership experience

Desired Qualifications:

• Substantial experience leading audit, treasury, finance, risk, or regulator teams focused on capital management activities including capital planning and forecasting processes (CCAR/DFAST), capital adequacy assessment, regulatory capital reporting including risk-weighted assets (RWA) calculations and capital ratios within large banking institutions
• Prior Audit Leadership experience at a large, complex Financial Services firm
• Experience working directly with Regulators (OCC, FRB, FDIC)
• Bachelor of Science or Bachelor of Arts degree
• Demonstrated ability to influence and collaborate with key stakeholders across senior levels in an organization
• Certification in one or more of the following: CIA, CPA, CFA

Job Expectations:

• Ability to travel up to 20%

• In depth knowledge of Basel III/IV, CCAR, ICAAP, and other regulatory capital frameworks. Strong understanding of stress testing methodologies, model risk, data management and regulatory reporting (e.g. FR Y-14A/M/Q, FFEIC 101, 102, 31, FR Y-9C, etc)
• Proficiency in risk analytics, strong problem solving and analytical skills, ability to manage multiple priorities in a high paced regulatory environment
• Lead, mentor, and develop an audit team specializing in covering capital adequacy risk

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.

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:

*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.