Senior Auditor - Market and Counterparty Risk Management

About this role:

Wells Fargo is seeking a Senior Auditor on the Market and Counterparty Risk Audit Team which focuses on market and counterparty risk independent risk management activities such as governance, limit framework and monitoring, management reporting, business as usual stress testing and scenario analysis, and regulatory requirements/exceptions. The Audit team provides credible challenge to business partners regarding the effectiveness of the control environment, business trends, issues, and operating and regulatory environment changes related to both market and counterparty risk.

In this role, you will:

• Perform audit testing components of assigned audits within multiple segments of the Audit Plan

• Plan and execute independent audit testing and ensure that they are timely and accurate

• Identify and assess key risks and controls

• Execute and document work in accordance with Wells Fargo Audit Services policy

• Identify and develop compensating controls that mitigate audit findings and make recommendations to management

• Inform manager of situational issues that might compromise objectivity or independence

• Design and execute tests to verify control effectiveness

• Document work papers according to the standards of the Internal Audit policy and guidance

• Demonstrate professional skepticism while performing major components of audits

• Lead smaller scale audits or projects

• Develop ways to improve existing audit practices

• Develop effective test plans for engagements as assigned with limited guidance

• Participate in projects as directed

• Develop business partnerships within Internal Audit and with teams companywide through professional communication and clear audit deliverables

Required Qualifications:

• 4+ years of Audit, Risk experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Experience in Market and Counterparty Risk Management and/or risk management in one or more of the following: commodity, counterparty, credit spread, equity, FX, and/or rate risks. 

• Solid knowledge and understanding of audit or risk methodologies and supporting tools

• Experience at a financial institution or accounting firm

• A BS/BA degree or higher

• Strong understanding of financial regulatory environment

• Certification in one or more of the following: CPA, CAMS, CRCM, CIA, CISA or Commissioned Bank Examiner designation

• Experience leading and providing feedback to staff on audit projects or engagements

• Excellent verbal, written, and interpersonal communication skills

  Job Expectations:

  • Hybrid work schedule

  • This position is not eligible for Visa sponsorship

Pay Range
 

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

$84,000.00 - $149,400.00

Posting End Date:

2 Apr 2025

*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.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.