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Senior Audit Manager / Community Banking

Wells Fargo | Philadelphia PA 19255 USA | Full Time | Posted: 12/06/2019

Job Descriptiontop

Job Description

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume prior to submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message.  In order to receive text message invitations, your profile must include a mobile phone number designated as “Personal Cell” or “Cellular” in the contact information of your application.

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 Services 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.

The Consumer Banking Audit Team is seeking a Senior Audit Manager (SAM) to focus on auditing the activities within the Consumer Banking Customer Remediation Center of Excellence (CR COE) organization.  Experience in Remediation, Consent Order, and Risk activities is preferred.  Experience in auditing Consumer Banking and PVSI businesses such as Community Banking, Home Lending, Wells Fargo Auto, Treasury Management, Operations, etc. is also desired. 
This SAM will support the Audit Director for the Consumer Banking Validation portfolio and will be accountable for assisting with developing a comprehensive multi-year strategy for auditing the CR COE business activities.  This SAM will also be accountable for leading individual remediation validations executed by the CR COE.  Additionally, this leader will be responsible for leading validation of Consent Order implementation activities and managing Audit’s Remediation Coverage Coordination.   Ideal candidates for this position will have demonstrated the ability to build strong relationships, provide credible challenge to business partners and executive leaders, and ensure validation meets heightened regulatory expectations. 
This SAM will provide guidance and oversight to Audit team-members to ensure coverage is well planned, executed, and reported in accordance with audit methodology.  They will also be accountable for management of issues to ensure timely resolution.  They will work across audit teams and with senior-level leaders within the department and our business lines building strong partnerships. This SAM will manage approximately 14 team members providing feedback, coaching, and development guidance.

Additional responsibilities:

  • Develop a comprehensive understanding of inherent risk and processes that manage risk at Wells Fargo.
  • Evaluate current audit approaches and practices, providing thought leadership on industry best practices and regulatory changes, and driving continued maturation and evolution of the audit function.
  • Identifying thematic risk trends observed across the enterprise for purposes of influencing strategic control direction and process maturity.
  • Represent the CBAT Audit team as a highly engaged, visible, and influential leader.
  • Seek continuous quality improvement and efficiency in the execution of audit work.
  • The successful candidates for these roles will demonstrate experience leading and coaching teams and have an understanding of and experience in front line risks for the consumer banking industry.  They will be an effective builder and leader of high performing teams focused on driving business results through collaborative leadership and team member engagement; keep up with fast paced organizational change, managing and caring for team members through that change; contribute to Audit and CBAT strategies with a One Wells Fargo lens; and further the strong risk management culture of Wells Fargo, living the vision and values of Wells Fargo.
  • This position must be capable of initiating action and possess strong execution and relationship management skills across all levels and functions, as well as with the regulators. A key differentiator will be the ability to understand and operate successfully in a complex, heavily matrixed corporate environment. The role requires a sense of urgency, passion for excellence and results, and personal accountability for achievement and outcomes.

The Senior Audit Manager will:

  • Manage a staff (approx. 8-15) and is responsible for the quality and timely completion of a defined segment of the Audit Plan in accordance with Audit policies.
  • Provide timely feedback and coaching to team -members. Establish development plans for each team member that facilitates proficiency and excellence in current positions and prepares team members for future opportunities. 
  • Develop and maintain strong, positive relationships with business partners and third parties including regulators. 
  • Plan and organize work over a multiple-year cycle.  Ensures audit engagements are risk-based, and executed according to Audit policies and guidance.
  • Build strong working relationships with lines of businesses, risk management, and regulators.
  • Possess a strong working knowledge of applicable regulations including the ability to form opinions on the design and effectiveness of regulatory compliance and operational controls.
  • Provide credible challenge to business leaders related to reputations risks as appropriate.

As a Team Member Manager, you are expected to achieve success by leading yourself, your team, and the business. Specifically you will:

  • Lead your team with integrity and create an environment where your team members feel included, valued, and supported to do work that energizes them.
  • Accomplish management responsibilities which include sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks.

Required Qualifications

  • 8+ years of experience in one or a combination of the following audit or risk functions: leading teams covering risk identification, mitigation and management (includes audit, legal, operational risk, compliance risk, credit risk, market risk, technology risk, or the management of a process or business with accountability for risk.)
  • 2+ years of management experience

Desired Qualifications

  • Experience at a financial institution or accounting firm
  • A BS/BA degree or higher
  • Leadership experience
  • Solid knowledge and understanding of audit or risk methodologies and supporting tools
  • Strong understanding of financial regulatory environment
  • Certification in one or more of the following: CPA, CAMS, CRCM, CIA, CISA or Commissioned Bank Examiner designation
  • Excellent verbal, written, and interpersonal communication skills

Other Desired Qualifications
  • Audit management experience at a large financial institution or audit firm
  • Understanding of and experience in Consumer Banking
  • Understanding and experience in first and second line of defense risk management programs/practices as well as associated regulatory compliance risks and programs
  • Good understanding of Institution of Internal Audit (IIA) standards, regulatory requirements, and industry guidelines
  • Experience with managing execution and/or validation of customer remediation activities and/or regulatory matters (MRAs, Consent Orders).
  • Experience with specific focus in operational and regulatory risk management, audit, or related risk management functions.
  • Foundational knowledge of key processes, regulations, risks and controls within the Consumer Banking and / or PVSI portfolios.
  • Ability to drive the execution of projects/initiatives with high risk and complexity
  • Outstanding problem solving and analytical skills with ability to turn findings into strategic imperatives
  • Solid knowledge and understanding of audit methodologies and tools that support audit processes
  • Proven leadership experience with multi-functional teams across multiple locations

Job Expectations

  • Ability to travel up to 25% of the time

Street Address

IA-West Des Moines: 800 S Jordan Creek Pkwy - West Des Moines, IA
NC-Charlotte: 301 S College St - Charlotte, NC
MN-Minneapolis: 600 S 4th St - Minneapolis, MN
PA-Philadelphia: 1 S Broad St - Philadelphia, PA
TX-San Antonio: 4101 Wiseman Blvd - San Antonio, TX


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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Location Philadelphia, PA, 19255, United States
Categories Accounting/Bookkeeping/Finance

Location Maptop

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Job Code 5523334-3

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