Senior Audit Director – Corporate Treasury and Capital Management

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.96 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 47 on Fortune’s 2023 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy.

Audit is a provider of independent, objective assurance 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.

EF is responsible for providing independent testing of several of Wells Fargo’s functional areas: Enterprise Finance, Human Resources, Public Affairs, and Diverse Segments, Representation, & Inclusion (DSRI). EF is comprised of approximately 150 team members. This position will serve as a senior leader and subject matter specialist covering the Corporate Treasury and Capital Management portfolios. This senior leader will likely serve as backup or alternate for the Chief Audit Director on departmental leadership topics and activities, more broadly than her/his individual portfolio.

The Senior Audit Director will report to the Chief Audit Director, Enterprise Functions, and will collaborate and partner with other specialist audit teams, as appropriate, to ensure comprehensive financial and regulatory reporting audit coverage. The Senior Audit Director will be responsible for audit coverage for Liquidity, Interest Rate, Investment Portfolio Risk, Internal Capital Adequacy Assessment Process and Comprehensive Capital Analysis and Review (CCAR), In this role, the Senior Audit Director will lead a team of 50-60 experienced auditors and will be responsible for building and maintaining a highly engaged expert team.

• Maintain credible, collaborative and influential relationships with senior management, other risk organizations, and regulatory agencies
• Evaluate current audit approaches and audit practices. Provide thought leadership on leading industry practices and drive continued maturation and evolution of the audit function
• Develop and execute an annual audit plan that evaluates critical risks to Wells Fargo and applies strong, pragmatic professional judgment
• Communicate audit results to senior executives and using the role within Audit to influence the organization
• Identify thematic risk trends observed across the portfolio for purposes of influencing strategic control direction and process maturity
• Keep abreast of changes to regulatory requirements and emerging technologies
• Partner with management to identify and anticipate impact of a changing environment and effectively develop audit strategies to address significant risks
• Recruit, develop, motivate and retain audit talent within Internal Audit
• Manage people, projects, and workflow across multiple geographies
• Represent EF as a highly engaged, visible, and influential leader
• Provide vision and set direction for multiple high impact initiatives and teams to achieve long-term strategic objectives that impact organization and management across functions
• Provide advice and offer credible challenge to internal business line leaders on the implications of business trends, issues, operating environment changes and line of business strategies
• Assess the strategic audit, risk management and control effectiveness, and governance structure of a specific line of business
• Support and participate in decisions related to Audit initiatives and strategic direction
• Direct on-going enhancement of internal and external formal reporting, audit review and research, and communications mechanisms
• Maximize accuracy and efficiency when sharing results to company leadership and regulatory agencies
• Participate on audit level committees or the Management Committee as directed by the Chief Audit Executive
• Develop effective internal and external working relationships with more experienced business leaders
• 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

The successful candidate for this role will demonstrate the leadership skill necessary to collaboratively build and lead a high-performing team of internal audit professionals to drive business results through leadership effectiveness and employee engagement; contributing to broad enterprise strategy with a One Wells Fargo lens; and furthering the company’s strong risk management culture by living the Expectations of Wells Fargo.  This leader must be capable of initiating action and managing change. The position requires a leader with strong relationship management, influencing, vision, and execution skills. A key differentiator will be the ability to understand and operate successfully in a complex, heavily matrixed corporate environment. The role requires a sense of urgency, passion for excellence and results, and personal accountability for achievement and outcomes.

• 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 experience

• Audit management experience at a large financial institution or audit firm
• Demonstrated ability to influence and collaborate with key stakeholders across senior levels in an organization
• Experience leading audit, risk, or regulator teams focused on financial reporting and/or accounting for large banking institutions
• A Bachelor of Science or Bachelor of Arts degree, or higher
• Comprehensive knowledge and understanding of audit methodologies and tools that support audit processes as well as the regulatory landscape
• Good understanding of Institution of Internal Audit (IIA) standards, regulatory requirements, and industry guidelines
• Proven leadership experience with multi-functional teams across multiple locations
• Proven leadership experience building highly talented individuals and teams
• Certification in one or more of the following: CIA, CPA, or Commissioned Bank Examiner

Job Expectations:

• Ability to travel up to 20% of the time

Pay Range

$207,900.00 – $431,900.00

Posting End Date:

31 Aug 2024

*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.

Tagged as: account