Product Control - Risk Analytics Associate

Description

About the Role

This role will report to the Head of CIB Product Control based in India. The role itself will be located in Bengaluru. The person in this role will be an individual contributor and manage the Market's Structured Products Group (SPG) Trading daily P&L and management reporting, analytics, and reconciliation activities, and will have the following responsibilities:

Responsibilities

• Timely and accurate daily P&L reporting and general ledger reconciliations, primarily for the firm's trading activities. P&L production will include both Comprehensive P&L and clean (risk-based) P&L;
• Research and identify P&L issues arising from incorrect trade bookings, system errors, and valuation discrepancies;
• Month-end close for P&L, and substantiation of balance sheet at a detailed level;
• Must have strong attention to detail and ability to identify and escalate issues as needed;
• This role will require close and efficient communication with various groups, including Front Office, Middle Office, Market and Credit Risk, and Group Controllers;
• Utilize the firm's P&L attribution to validate the reported P&L;
• Track daily asset usage by Legal Entity and LoB;
• Produce and analyze Volcker metrics, where appropriate, to ensure accurate reporting and compliance with this rule;
• Prepare weekly/monthly management reports/financial highlights;
• Provide high quality commentary on P&L and balance sheet drivers;
• Analyze monthly expense trends and prepare analytics;
• Develop a solid understanding of the legal entities on which trading activities are conducted, and ensure the P&L is reported accurately on each entity;
• Prepare material to support internal/external audit examinations/queries;
• 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;
• Maintain accurate policies and procedures that are up to date and can be easily followed by internal and external audit groups.

Essential Qualifications

• CA/CFA/FRM degree or higher in Finance, Accounting, Economics or Business.
• 1-4 years of experience in one or a combination of the following: analytics, reporting, finance, or accounting.
• 1+ years of experience with Product Control function at a large bank.
• Good understanding of asset backed Trading products (Bonds - ABS, CMBS, RMBS, and derivatives-interest rate swaps and credit derivatives) business and products, corresponding risk measures for the purposes of analyzing changes to P&L and providing explanation to the senior management and the regulators.

Desired Qualifications

• Experience working in global teams.
• Proficient working with complex data, especially associated with trading activities.
• Advanced skills in MS Office products especially MS Excel and MS Access and tools like SQL, Tableau, Alteryx, Power BI
• Essbase (database with GL and org hierarchy info)
• Experience supporting structured products trading businesses.
• Experience researching and resolving P&L issues arising from incorrect trade bookings, system errors, and valuation discrepancies - using both Finance and Front Office systems.
• Strong interpersonal skills to effectively build and maintain partnership with key stakeholders and partners.
• Outstanding problem solving skills.
• Ability to be agile, flexible and adjust plans quickly to meet changing business needs
• Ability to perform well under pressure.

Posting End Date:
17 Mar 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.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

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