Lead Finance Product Controller Capital Markets

Wells Fargo Bank•Charlotte, NC

16d•Hybrid

About The Position

Wells Fargo is seeking a Finance Product Controller (Lead Finance Analyst) supporting the Markets Division. This role is responsible for Product Control supporting Rates, FX, Commodities & CVA. In this role you will: Review the daily Profit & Loss (P&L) – Comprehensive P&L, Buy/Hold (i.e. ‘Clean’) P&L, Volcker P&L, Front Office risk-based P&L attribution and provide challenge and analysis Review and approve P&L adjustments across all P&L types – Comprehensive, Clean, Volcker Analyze Volcker metrics to ensure accurate reporting and compliance with the rule Provide high quality commentary on P&L and balance sheet drivers to senior leaders Review large transactions to ensure they are booked and accounted for correctly, and that pricing is reasonable against market standard Provide challenge and subject matter expertise from a Finance standpoint in the New Products approval process Help to research and resolve P&L issues arising from incorrect trade bookings, system errors, and valuation discrepancies Oversee the month-end close process for P&L, including general ledger reconciliations, and substantiation of balance sheet at a detailed level Partner with India Product Control team on all aspects of the Product Control function 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 This role will require close partnership with various groups, including Front Office, Middle Office, Compliance, Front Line Control Officers, Independent Price Validation, Market and Credit Risk, and Group Controllers

Requirements

5+ years of Finance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Nice To Haves

Experience working with Capital Markets products (Fixed Income Securities, Derivatives, FX, XVA)
Advanced understanding of supporting month end close, Profit & Loss (P&L) and GL reconciliation
Advanced written and verbal communication skills
Ability to partner with stakeholders and act as a trusted advisor
Familiarity with Wells Fargo Securities systems a plus (e.g Calypso, Broadridge, GMI, Opics)
Knowledge of MTM, Fair Value Option, FAS133 hedge accounting a plus
Advanced desktop programming skills including Access, VBA, Excel, SQL
Knowledge of Wells Fargo reporting systems and internal databases (i.e. IRIS, Essbase)

Responsibilities

Review the daily Profit & Loss (P&L) – Comprehensive P&L, Buy/Hold (i.e. ‘Clean’) P&L, Volcker P&L, Front Office risk-based P&L attribution and provide challenge and analysis
Review and approve P&L adjustments across all P&L types – Comprehensive, Clean, Volcker
Analyze Volcker metrics to ensure accurate reporting and compliance with the rule
Provide high quality commentary on P&L and balance sheet drivers to senior leaders
Review large transactions to ensure they are booked and accounted for correctly, and that pricing is reasonable against market standard
Provide challenge and subject matter expertise from a Finance standpoint in the New Products approval process
Help to research and resolve P&L issues arising from incorrect trade bookings, system errors, and valuation discrepancies
Oversee the month-end close process for P&L, including general ledger reconciliations, and substantiation of balance sheet at a detailed level
Partner with India Product Control team on all aspects of the Product Control function
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