AVP - Hedge Accounting

About this role: Wells Fargo is seeking a Financial Accountant In this role, you will:

• Provide consultation to more experienced leadership for financial accounting related matters
• Perform complex activities associated with maintaining ledger accounts, developing financial statements and regulatory reports
• Gather and review financial data for financial and regulatory reports
• Review data from the general ledger, unit reports and various financial systems to ensure accuracy
• Prepare and review account reconciliations and certifications
• Analyze projects relating to financial accounting procedures, methods or systems
• Perform ongoing financial control functions in accordance with internal controls policies
• Provide functional advice and training to individuals
• Provide support for compliance and risk management requirements
• Collaborate and consult with stakeholders throughout the enterprise

Required Qualifications:

• 2+ years of Finance, Accounting, Analytics, Financial Reporting, Accounting Reporting or Risk Reporting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Required Qualifications:

• Experience in Finance, Accounting, Analytics, Financial Reporting, Accounting Reporting, Risk Reporting, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Wells Fargo Capital Markets Middle Office needs a Lead Analyst to support profit and loss functions in Hedge Fund Accounting (FASB ASC Topics 815). Role also works closely with front office business side to perform all quantitative hedging analysis and model bonds for new deals issued by capital markets investment bank and treasury balance sheet operations. Seeking subject matter expert (SME) candidate with in-depth understanding of derivatives/hedge accounting rules to manage daily/monthly accounting and derivatives accounting financial reports in addition to internal/external management reporting input. Supporting various teams across the Bank, role offers exposure to fixed income securities, hedging for commodities and foreign currencies and networking with various front office business lines! In this role, you will:

• Perform/oversee daily and monthly accounting activities to ensure appropriate treatment/elections for funding/investments/related derivatives/hedging activities in accordance with U.S. GAAP, Sarbanes Oxley and Dodd-Frank

• Develop/implement/evaluate/monitor policies, procedures, reports and controls; ensure adequate internal controls and mitigate risks

• Review/analyze complex products and research/resolve in-depth trade issues with intangibles or unprecedented factors

• Participate in Capital Markets Middle Office cross-functional planning and project management

• Be SME individual contributor and team player for stakeholders

Skillsets for the role:

• Strong Valuation control experience with Fixed Income product knowledge
• Help with project management and UAT
• SQL knowledge

Posting End Date:
3 Jun 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 units 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. 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.