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External Finance Reporting Consultant, Basel Capital Business Analyst

Employer
Wells Fargo
Location
Minneapolis
Salary
Competitive

View more

Industry
Technology
Role
Business Analyst
Job Type
Long-Term
Hours
Full Time

The Regulatory and Basel Reporting (RBR) team is responsible for timely and accurate regulatory filings, including application of reporting instructions, calculation of risk weighted assets (RWAs) under Basel III rules, collection of data necessary to populate reports, and understanding of trends and variances in reporting line items.

This position will act as a business analyst responsible for supporting the accurate and timely filing of the FR-Y9C HC-R, FFIEC 101 and other regulatory reports where RWAs are reported. This role will be responsible for data sourcing, business requirements gathering and validating calculations under Basel/capital rules for an assigned workstream.

Responsibilities may include, but not be limited to:

Partner with data providers and credit oversight teams to review quarterly Basel production submissions for accuracy, completeness and appropriateness.
Review and validate Basel calculator results and work with reporting team for understanding any significant RWA variances.
Identify changes to the capital calculation system, develop business requirements and design appropriate and complementary testing/UAT procedures across, partnering with other Basel teams and other stakeholders.
Partner with the development team in the Enterprise Information Technology group that supports and enhances tools used for data collection and calculations.
Develop subject matter expertise in the assigned workstream and the calculation systems.
Design, development and build processes that increase efficiency, effectiveness and controls.
Excellent project management skills regarding assigning tasks and monitoring progress of deliverables to meet overall project deliverables.
Ensure adherence to the Governance & Oversight Framework, Regulatory Capital Qualification and other relevant policies.
Support audit and other reviews on RBR/Capital Quantification processes.
A successful candidate will be a highly motivated team player and a self-starter who is accustomed to working in complex organizations, partnering with a diverse group of stakeholders and achieving results. In addition, a successful candidate will be detailed-oriented and able to work under tight deadlines and adapt in a changing environment.

Required Qualifications

4+ years of experience in one or a combination of the following: finance, accounting, analytics and reporting demonstrated through work or military experience; or a BS/BA degree or higher in Finance, Accounting, Statistics, Economics, Business and 2+ years of experience in one or a combination of the following: finance, accounting, analytics or reporting demonstrated through work or military experience

Desired Qualifications

A BS/BA degree or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting
Ability to successfully operate in a complex and matrixed environment
Knowledge and understanding of regulatory compliance requirements surrounding BASEL, Risk Appetite and stress testing
Strong analytical skills with high attention to detail and accuracy
Knowledge and understanding of database querying and creating ad hoc reporting results using SQL or similar querying methods
Advanced Microsoft Office (Word, Excel, and Outlook) skills
Ability to gather and write Business Requirement Definitions (BRD)
Excellent verbal, written, and interpersonal communication skills
Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
Ability to consult, build, and maintain solid working relationships in and outside of immediate department

Other Desired Qualifications

Experience with the regulatory reporting process and requirements for FR Y-9C, particularly schedule HC-R, FFIEC 101, Pillar 3 Disclosures
Working knowledge of banking products in Wholesale, Retail and Capital Markets

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