Business Systems Consultant 3
- Wells Fargo
- 7 - 10 Years
- Bengaluru
- 4 years ago
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Job Description
Job Description :
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 20 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Market Job Description
About Wells Fargo India
enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Technology, Operations, Risk, Audit, Process Excellence, Automation and Product, Analytics and Modeling. We are operating in Hyderabad, Bengaluru and Chennai locations.
Department Overview
Enterprise Financial Reportingis a functional area within the Corporate Controller's division responsible for delivering timely, accurate, and complete external financial reporting. This includes but is not limited to US Regulatory Filings (SEC, FRB, OCC, FDIC) and standalone legal entity reporting.
Strategic Initiatives supports many of the EFR Controllership initiatives including key projects, risk identification and remediation, data provisioning, governance and testing, among others.
About the Role
The Automated Regulatory Reporting Team is a newly created team within EFR/SI with the responsibility to drive quality, execute effectiveness initiatives, and ensure that strategic initiatives relating to the development of an automated regulatory reporting function are successfully implemented.
This position will be responsible for reporting transformation efforts within the Enterprise Financial Reporting Change Management team responsible for the development of a system and reporting logic to produce accurate production of significant regulatory reports such as FRY-9C, all supporting schedules, FR Y-14M, FFIEC 031/041, among many other reports. Additionally, a successful candidate will need to partner with other functions throughout the firm (operations, technology, controllers, etc.) to accomplish strategic initiatives. Candidates would be responsible for the accurate assessment and mapping of data elements to regulatory reports along with documentation of policy decisions and coordinating with support partners within the business and other corporate functions
Responsibilities
- Develop understanding of OFSAA physical data model and configuration logic in relation to U.S. regulatory reporting requirements.
- Facilitate detailed alignment of regulatory data elements (RDEs) identified through report deconstruction to physical data elements (PDEs) and reporting logic in OFSAA to ensure accurate regulatory reporting.
- Support data mapping teams (loans, deposits, securities, derivatives, etc.) inquiries by providing regulatory reporting and complex financial instrument subject matter expertise.
- Perform data profiling to determine whether data is fit for purpose, including alignment of RDE/ PDE definitions, transformation & default logic, data quality rules and analytical review.
- Execute OFSAA configuration logic review to ensure logic is aligned with regulatory report instructions, including the development of scenario data sets and expected values for regulatory report scenario-based testing.
- Manage defects identified through various testing initiatives (including prioritization analysis) via JIRA and other Agile issue management tools and ensure OFSAA vendor timely delivery of resolutions for identified defects.
- Understand the implementation needs and data requirements resulting from regulatory report instruction updates.
- Perform periodic maintenance of Data Requirements
database including updates for regulatory form instructions, RDE and PDE alignment, internal regulatory policy, product mapping and refresh of critical data element (CDE) population. - Strengthen collaborative partnerships with internal and external stakeholders of external financial reporting function.
- Assist with ad-hoc projects that require broad subject matter expertise.
Market Skills and Certifications
Essential Qualifications
- Financial Services industry business and financial products (loans, deposits, securities, derivatives, etc.)
- U.S. Bank Regulatory Reporting at the line-item level across various regulatory reports
- B.SC/B.Tech/BA/MBA degree or higher preferred with up to 7 to 10 years of experience in one or a combination
- Application of Generally Accepted Accounting Principles (GAAP)
- PL / SQL or Advanced SQL (advantage to have VBA and automation skills)
- Understanding of data ware housing / database architecture concepts
- OFSAA - FSDF / framework knowledge - Understand HML document & Backtracking to data requirements
- Testing tools & Methodologies- JIRA & Agile
- Strong analytical and debugging skills
- Ability to synthe complex analytical findings into clear and concise communications
- Working cross-functionally in a fast paced environment managing multiple priorities
- Microsoft Office (Excel, PowerPoint
- Strengthen collaborative partnerships with internal and external stakeholders of external financial reporting function.
We Value Diversity
At Wells Fargo, we believe in diversity and inclusion in the workplace accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate. 63126
Employement Category:
Employement Type: Full timeIndustry: Banking
Functional Area: IT
Role Category: Software Engineer
Role/Responsibilies: Business Systems Consultant 3
Contact Details:
Company: Wells FargoLocation(s): Bengaluru
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Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community- based financial services company with $1. 9 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through more ...
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