Head of Consumer Banking and Lending Controller

Wells Fargo Bank • Irving, TX

5d

About The Position

The Consumer Banking & Lending Controller manages the accounting teams supporting this business and the related SEC/Regulatory Reporting of these products. This leader serves as strategic partner and trusted accounting advisor to the business, ensuring effective controls are in place, U.S. Generally Accepted Accounting Principles (GAAP) is properly followed, and leaders understand the accounting, internal control and financial reporting requirements of their businesses. As a key member of the Controllers Leadership team, this role will report to the Chief Accounting Officer and be responsible for bringing the comprehensive capabilities of the Controllers’ organization to the businesses. This leader is also expected to provide significant input into our transformation efforts requiring collaboration with stakeholders across Controllers, Finance, Line of Business, Data Management, Technology and other partner areas to execute change. This work aligns with Wells Fargo’s strategy toward broader and more rigorous digitization, automation and risk management approaches.

Requirements

• Strong working knowledge of consumer banking & lending products including consumer mortgages, auto & credit card lending, and deposits.
• Understanding and applying the requirements of US GAAP, as well as other SEC and bank regulatory reporting requirements, including a strong understanding of regulatory reporting such as FR Y-9C, Call Report, FFIEC 101, FR Y-14, etc. and capital requirements.
• Strong understanding of key platforms used for CB&L products including systems of record and accounting engines to drive continuous improvement and simplification in the ecosystem.
• Experience dealing directly with financial regulators, internal and external auditors.
• Ability to work and influence successfully within a matrix environment and build trusted relationships with Executive Leadership Team members and cross-functional leaders.
• High integrity with strong performance standards and ability to give and receive constructive feedback.
• Exceptional communication skills with ability to translate complex concepts and influence decision-making across stakeholders.
• Detail-oriented and proactive, driving clarity, transparency, and consistency.

Nice To Haves

• Certified Public Accountant (CPA) preferred
• Experience working in a Public Accounting Firm
• Experience leading large teams of 100+ individuals
• Controller experience within consumer banking/lending, including strong knowledge of Basel regulatory capital
• Extensive knowledge of GAAP accounting, regulatory reporting, capital, and internal controls within a large U.S. financial institution, including current regulatory requirements
• Entrepreneurial “builder” mindset with strong business, finance, and strategic leadership capabilities; agile, versatile, and committed to mentorship and talent development
• Change agent with demonstrated experience driving transformation, process improvement, and operational efficiency using strong analytical and strategic thinking
• Experience working in complex IT/data environments, including MIS and data management processes
• Proven senior accounting leader with ability to lead large, complex teams; track record of delivering results and developing future leaders
• Ownership mindset; thrives in fast-paced, complex environments and solves problems collaboratively

Responsibilities

• Providing transformational, strategic leadership on accounting, reporting and internal controls.
• Effectively managing his/her team.
• Effectively partnering with business leadership and other appropriate groups to understand the business priorities and initiatives, and determine how best to integrate the accounting, reporting and control requirement within the direction of the business.
• Building and fostering a team culture that enables & empowers success, drives continuous improvement, encourages learning, and celebrates achievement.
• Ensuring a detailed understanding of the accounting, reporting and internal control processes under their supervision, and for ensuring these processes are both operating effectively and efficiently.
• Developing and fostering a continuous improvement culture throughout the accounting & reporting environment that drives ongoing process improvement, efficiency, and effectiveness solutions through automation, digitization, and other enablement tools while actively advocating for their business partners and balancing between risk mitigation and operational efficiency.
• Understanding and executing process improvement strategies and digital alternatives.
• Developing and maintaining strong relationships to understand key business activities, monitor changes in the business and industry, and ensure that the businesses are being served well for their assigned area by having relevant, sound, fact-based accounting and control inputs to inform their decision-making processes.
• Leading a team of professionals to ensure all transactions and business activity in CB&L are accounted for in accordance with US GAAP and company policy, appropriately captured and recorded in our general ledger, and appropriately reported and disclosed in a) our publicly issued corporate financial statements, b) in various required subsidiary financial statements, and c) in various regulatory reports issued to the Federal Reserve Bank, the OCC, and other principal regulators, as necessary.
• Ensuring adequate internal controls over the financial and regulatory reporting environment are established and maintained.
• Working together with the business and other divisions within the Controllers Organization, the team ensures that internal controls are designed and operating effectively through the execution of our quarterly and annual internal control assessment processes performed for both SEC and regulatory reporting.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed