Audit Director Jobs in Bangalore at Wells Fargo

Last Updated: Feb 05, 2021 05:10 IST

JOB DETAILS

Company Name
Wells Fargo
Job title
Audit Director
Role
Audit Executive, Audit Executive, Software Engineer/ Programmer
Education
Location
Experience
0-50 Years
Salary
Not Mentioned

Job Profile


Job Description :

About Wells Fargo


About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more than 8,500 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 273,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 25 on Fortune's 2017 rankings of America's largest corporations. Wells Fargo's vision is to satisfy our customers' financial needs and help them succeed financially. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

About Wells Fargo India
& Philippines

We are hiring for a position in Wells Fargo India & Philippines. We are a critical component of the Wells Fargo strategy to leverage distinct advantages of a global environment. Currently we are 24000+ strong team members with 3 locations (Chennai, Bangalore and Hyderabad) in India and 1 center in Manila. Wells Fargo Audit Services (WFAS) is a provider of independent, objective and advisory services delivered through a highly professional and diverse team.
The primary function of WFAS is to determine if the company's risk management, systems of control, and governance processes are adequate and functioning as intended. As a business partner, WFAS makes significant contributions to protecting the value of Wells Fargo's corporate assets. WFAS is organized into individual audit teams, each led by an Executive Audit Director (EAD).
These teams include Community Banking & Operations, Consumer Lending Group, Corporate Risk, Enterprise Technology Audit Group, Finance & Corporate Activities, Financial Crimes Audit Team, Strategy & Operations, Wealth and Investment Management, and Wholesale Banking. Working together, we reduce risk to protect our customers, our team members, and our communities to enhance shareholder value. . WFAS interacts with the entire corporation; this specific team will initially be accountable for India and the Philippines. Going forward the team will increase its responsibility to include other offshore locations.

Market Job Description



About the Role
in Wells Fargo Internal Audit

Internal Audit conducts audits and reports the results of our work to the Audit Committee of the Board of Directors. We provide independent, objective assurance and consulting services delivered through a highly competent and diverse team. As a business partner, Audit helps the Company accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

Required Experience
18+ years of experience in one or a combination of the following audit or risk functions: leading teams covering risk identification, mitigation and management (includes audit, legal, operational risk, compliance risk, credit risk, market risk, technology risk, or the management of a process or business with accountability for risk)

  • 6+ years of management experience

  • Solid understanding of Institution of Internal Audit (IIA) standards, regulatory requirements, and industry guidelines.

  • Strong understanding of running the operations of Internal Audit or Risk organization.

  • Certification in one or more of the following: CPA, CIA, or Commissioned Bank Examiner designation.

  • BS/BA degree or higher


Other Desired Skills

  • Keep abreast of changes that impact the profession, as well as regulatory requirements and emerging risks.

  • Communicate effectively to senior executives and use the role within Audit to influence the organization.

  • Lead a team: Recruit, develop, motivate and retain audit talent within Internal Audit.

  • Manage projects and workflow across multiple geographies.

  • Identify and lead/manage change within the audit organization to enhance effective and efficient delivery of our objectives.

  • Drive automation and data analytics opportunities within the portfolio.

  • Represent Internal Audit as a highly engaged, visible, and influential leader.

  • Solid knowledge and understanding of audit methodologies and tools that support audit processes

  • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important

  • Strong organizational, multitasking, and prioritizing skills.

  • Ability to execute in a fast paced, high demand, environment while balancing multiple priorities
    Solid problem solving skills

  • Demonstrated ability to be inquisitive, to credibly challenge and to proactively influence risk and control environments

  • Ability to quickly evaluate emerging risks, understand impacts to the audit plan and implement appropriate adjustments to the audit plan

  • Capability of building strong working relationships with peers, the line of business, risk management and external stakeholders (i.e. regulators)

  • Excellent verbal, written, and interpersonal communication skills.

    Location:Hyderabad, Bangalore


Market Skills and Certifications



India & Philippines team partners with lines of business across Wells Fargo to understand their overall objectives and identify opportunities to leverage global talent and capabilities within their business model. The team provides end-to-end analysis of business operations, including people, processes and tools, and develops solutions in collaboration with business partners. India & Philippines team supports over 60% of Wells Fargo's business lines and staff functions, providing ongoing service delivery for technology, operations, customer interactions and knowledge services functions. The team members are located across the US and at our Global In-House Centers (GICs) in India and the Philippines, and they partner with Third Party Service Providers (3PSP) from around the world.
The Director will oversee day-to-day operations of the local audit team in executing risk-based and high quality audit coverage. They will provide guidance and oversight to ensure audits are well planned, executed, and reported in accordance with Internal Audit's methodology. They will also be accountable for management of issues to ensure timely resolution. They will be required to work across all Internal Audit teams and with senior level leaders within Internal Audit and our business lines building strong relationships. The Director will also be expected to lead team members providing feedback, coaching, and development guidance.
Wells Fargo team members support our focus on building strong customer relationships balanced with a strong risk mitigation and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. The Employee, as a Wells Fargo team member, is 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.

Leadership Expectations at Wells Fargo


As a Team Member manager, you are expected to achieve success by leading yourself, your team, and the business. Specifically you will:

  • Lead your team with integrity and create an environment where your team members feel included, valued, and supported to do work that energizes them.

  • Accomplish management responsibilities which include sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks.


  • We Value Diversity

    At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.

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    OTHER DETAILS

    Key skills
    Industry
    Banking/ Accounting/ Financial Services
    Summary
    Job Description : About Wells Fargo About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2.0 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo prov
    Last Date
    2021-04-04

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