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Senior Auditor - Model Risk

Job Description

At Wells Fargo, we want to satisfy our customers’ financial needs and help them succeed financially. We’re looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you’ll feel valued and inspired to contribute your unique skills and experience. 

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Audit Services conducts audits and reports the results of our work to the Audit & Examinations 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.

Wells Fargo Audit Services (WFAS) is seeking a talented, experienced professional to join the Model Risk audit team. The Senior Auditor is responsible for execution of the integrated audit process under the supervision of an engagement supervisor and Auditor In-Charge in accordance with WFAS policy.  The Senior Auditor is responsible for accurately assessing risks and controls, developing effective test plans, exhibiting appropriate judgment regarding issue notification, drafting findings and final audit reports, and supporting communication with clients.  We are looking for a team member with audit and/or risk management experience with the proven ability to critically assess risk management practices.

This position will be within the Model Risk audit team responsible for coverage of model risk management and the model risk governance framework across the enterprise.  This team member will be involved in a variety of audits covering all facets of the Wells Fargo’s model risk management framework including top of house model governance, line of business model governance, and general model control reviews.  This team member will also be asked to help maintain relationships with business partners as part of ongoing business monitoring activities. The ability to effectively coordinate and partner with other WFAS audit teams is essential for success in this role.

 Duties include: 

  • Participate in integrated audits and execution of the audit process, in accordance with WFAS policy
  • With guidance/support from the Engagement Supervisor or Auditor In-Charge , the Senior Auditor is responsible for accurately assessing risks and controls, developing effective test plans, exhibiting appropriate judgment regarding issue notification, drafting findings and final audit reports, and leading communication with clients.
  • Develops and applies effective project leadership skills regarding engagement notification, task assignment and monitoring, interim performance evaluation and coaching, project pacing and control.
  • Leads projects that are generally small to moderate in size and complexity.
  • Often handles multiple assignments at a time, but generally focusing on one key area at a time
  • Demonstrate professional skepticism.
  • Presents audit results in an objective and unbiased manner.
  • Write opinions reflecting relevant facts that lead to logical conclusions.
  • Escalate significant risks to appropriate levels of management.


Required Qualifications

  • 1+ year of experience in one or a combination of the following: audit, control testing, control and risk identification, or audit analysis



Desired Qualifications

  • A BS/BA degree or higher
  • Audit experience at a financial institution or accounting firm
  • Excellent verbal, written, and interpersonal communication skills
  • Strong analytical skills with high attention to detail and accuracy
  • Strong organizational, multi-tasking, and prioritizing skills
  • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
  • Ability to execute in a fast paced, high demand, environment while balancing multiple priorities
  • Solid problem solving skills



Other Desired Qualifications
  • Progressive audit or risk experience in the following area(s): Credit Risk, Market Risk, Operational Risk, CCAR, DFAST, Basel.  An understanding of model risk related to requirements found in SR11-7 and OCC2011-12 is also highly preferred.



Job Expectations

  • Ability to travel up to 10% of the time



Street Address

NC-Charlotte: 301 S College St - Charlotte, NC
CO-Denver: 1700 Lincoln St - Denver, CO
IA-West Des Moines: 1776 Westlakes Pkwy - West Des Moines, IA
MN-Minneapolis: 600 S 4th St - Minneapolis, MN
CA-SF-Financial District: 420 Montgomery - San Francisco, CA
NC-Charlotte: 1525 W Wt Harris Blvd - Charlotte, NC



Disclaimer


All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.



Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.


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