Wells Fargo Risk Analytics Associate - Product Control 

India, Karnataka, Bengaluru 

659893632

In this role, you will:

• Participate in low risk initiatives within Risk Analytics
• Review process production, and model documentation in alignment with policy, analyzing trends in current population
• Receive direction from manager
• Exercise judgment within Risk Analytics while developing understanding of analytic models, policies, and procedures
• Provide monthly, quarterly, and annual reports to manager and experienced managers

Required Qualifications:

• 6+ months of Risk Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• CA/CFA/FRM degree or higher in Finance, Accounting, Economics or Business.
• Experience in one or a combination of the following: analytics, financial reporting, product control or accounting.
• Experience with Product Control function at a large bank is preferred.
• Solid understanding of Equities (Cash, Derivatives or Prime Finance) business with exposure to structured / exotic derivative products, corresponding risk measures for the purposes of analyzing changes to P&L and providing explanation to the senior management and the regulators.
• Experience working in global teams.
• Proficient working with complex data, especially associated with trading activities.
• Advanced desktop skills in MS Office products especially MS Excel and MS Access and tools like SQL, Tableau, Alteryx, Power BI
• Experience supporting other Equities businesses.
• Experience researching and resolving P&L issues arising from incorrect trade bookings, system errors, and valuation discrepancies – using both Finance and Front Office systems.
• Strong interpersonal skills to effectively build and maintain partnership with key stakeholders and partners.
• Outstanding problem-solving skills.
• Ability to be agile, flexible and adjust plans quickly to meet changing business needs
• Ability to perform well under pressure.

Job Expectations:

• Timely and accurate daily P&L reporting and general ledger reconciliations, primarily for the firm’s trading activities. P&L production will include both Comprehensive P&L and clean (risk-based) P&L
• Research and identify P&L issues arising from incorrect trade bookings, system errors, and valuation discrepancies
• Month-end close for P&L, and substantiation of balance sheet at a detailed level.
• Must have strong attention to detail and ability to identify and escalate issues as needed.
• This role will require close and efficient communication with various groups, including Front Office, Middle Office, Market and Credit Risk, and Group Controllers.
• Utilize the firm’s P&L attribution to validate the reported P&L
• Track daily asset usage by Legal Entity and LoB;
• Produce and analyze Volcker metrics, where appropriate, to ensure accurate reporting and compliance with this rule.
• Prepare weekly/monthly management reports/financial highlights.
• Provide high quality commentary on P&L and balance sheet drivers.
• Analyze monthly expense trends and prepare analytics.
• Develop a solid understanding of the legal entities on which trading activities are conducted, and ensure the P&L is reported accurately on each entity.
• Prepare material to support internal/external auditexaminations/queries.
• Ensure compliance with internal guidelines (e.g. COSO controls), and internal and external audit recommendations.
• Develop and improve upon internal controls through critical evaluation of current environment, with the goal of implementing consistent, industry best practices across the enterprise.
• Maintain accurate policies and procedures that are up to date and can be easily followed by internal and external audit groups.

Wells Fargo Recruitment and Hiring Requirements:

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.