Executive Director- Financial Reporting

Wells Fargo•Minneapolis, MN

5d•$159,000 - $279,000

About The Position

About this role: Wells Fargo is seeking an Executive Director-Financial Reporting to join the Regulatory Interpretations Team. This role contributes to the firm’s official viewpoint on current and future regulations, advising senior management on regulatory reporting and capital treatment of business transactions. We’re looking for a collaborative Subject Matter Expert (SME) with deep expertise in banking capital rules- especially in Credit Risk, Securitizations, and/or Y-14 reporting- who can clearly communicate complex concepts across stakeholder groups with precision and professionalism. In this role, you will: Focus heavily on Basel End‑Game preparation and advocacy, collaborating with internal stakeholders to develop and refine advocacy positions, particularly on capital interpretive issues. Evaluate and interpret current and proposed banking regulations and reporting requirements, with a focus on Y-14 instructions and capital rule implications. Provide expert consultation and interpretations on regulatory capital and reporting matters, ensuring consistency and clarity across business units. Deliver technical transaction advisory support for company-wide and line-of-business initiatives, integrating regulatory capital considerations. Educate corporate and business unit executive management on emerging regulatory capital and reporting issues, including developments in Credit Risk, Market Risk, Securitizations, and Y-14. Offer technical advice, research, training, and awareness to business lines, cross-functional teams, and other personnel on complex regulatory capital and reporting topics. Lead or actively participate in the implementation of complex regulatory capital and reporting projects, including cross-functional teams and enterprise-wide task forces. Develop, implement, maintain, and communicate regulatory capital policies, practices, and procedures, recommending updates aligned with evolving regulatory guidance. Review and provide input on quarterly and annual financial data for regulatory reports, including consolidated and subsidiary financial statements, footnotes, and external disclosures. Contribute to the preparation and review of comment letters and other correspondence to regulatory standard setters, ensuring alignment with Y-14 interpretations and capital rule changes. Serve as a liaison for regulatory capital and reporting issues with internal and external audit teams, as well as banking regulators. Conduct in-depth business analysis and support the development of long-term strategies to optimize performance at the business line and enterprise level. Participate in the review and remediation of critical regulatory reporting issues, ensuring accuracy and compliance with Y-14 standards. Engage in industry and peer groups to influence the regulatory standard-setting process and share insights. Collaborate effectively with multiple stakeholders across the organization, demonstrating strong interpersonal skills and a commitment to shared success. Present complex regulatory concepts in a clear, concise, and visually compelling manner to diverse audiences.

Requirements

7+ years of Finance, Accounting, Financial Reporting, Accounting Reporting or Risk Reporting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Nice To Haves

A collaborative subject matter expert in banking capital rules and/or Regulatory Reporting- particularly Y-14 FRB, FDIC, OCC, or Big four public accounting experience.
MS/MA degree or higher in one or a combination of the following: Finance, Accounting, Analytics, or Reporting.
CFA or CPA
Demonstrated ability to lead effectively within a matrixed organization and collaborate across all levels in a flexible, team-oriented environment.
Ability to prepare and present senior level communications.
Previous employment at a bank regulator, public accounting, or a bank

Responsibilities

Focus heavily on Basel End‑Game preparation and advocacy, collaborating with internal stakeholders to develop and refine advocacy positions, particularly on capital interpretive issues.
Evaluate and interpret current and proposed banking regulations and reporting requirements, with a focus on Y-14 instructions and capital rule implications.
Provide expert consultation and interpretations on regulatory capital and reporting matters, ensuring consistency and clarity across business units.
Deliver technical transaction advisory support for company-wide and line-of-business initiatives, integrating regulatory capital considerations.
Educate corporate and business unit executive management on emerging regulatory capital and reporting issues, including developments in Credit Risk, Market Risk, Securitizations, and Y-14.
Offer technical advice, research, training, and awareness to business lines, cross-functional teams, and other personnel on complex regulatory capital and reporting topics.
Lead or actively participate in the implementation of complex regulatory capital and reporting projects, including cross-functional teams and enterprise-wide task forces.
Develop, implement, maintain, and communicate regulatory capital policies, practices, and procedures, recommending updates aligned with evolving regulatory guidance.
Review and provide input on quarterly and annual financial data for regulatory reports, including consolidated and subsidiary financial statements, footnotes, and external disclosures.
Contribute to the preparation and review of comment letters and other correspondence to regulatory standard setters, ensuring alignment with Y-14 interpretations and capital rule changes.
Serve as a liaison for regulatory capital and reporting issues with internal and external audit teams, as well as banking regulators.
Conduct in-depth business analysis and support the development of long-term strategies to optimize performance at the business line and enterprise level.
Participate in the review and remediation of critical regulatory reporting issues, ensuring accuracy and compliance with Y-14 standards.
Engage in industry and peer groups to influence the regulatory standard-setting process and share insights.
Collaborate effectively with multiple stakeholders across the organization, demonstrating strong interpersonal skills and a commitment to shared success.
Present complex regulatory concepts in a clear, concise, and visually compelling manner to diverse audiences.