Financial Controls Analyst - Tax

Company: Wells Fargo
Location: Chandler
Posted on: August 7, 2022

Job Description:

About this role:This individual will be a member of the Enterprise COSO business testing team with a focus on processes supporting accounting for Income Taxes with responsibilities including:

• Performing walkthroughs of significant processes supporting the accounting for Income Taxes and ensure required COSO documentation is accurate and reflects relevant risks and key controls;
• Validating and challenging risk assessment conclusions, including assessing the appropriateness and completeness of key risk and key controls associated with Income Tax related processes are identified;
• Validating and providing credible challenge to identified shared services, third party service providers, and significant applications;
• Performing COSO testing of key controls, including design effectiveness assessments and operating effectiveness testing;
• Validating and challenging documentation of control deficiencies, including issue description, root cause, unmitigated impact, and corrective actions;
• Analyzing the severity of control deficiencies, both individually and in the aggregate, and the impact to internal control over financial reporting;
• Assessing the components of internal control for the Corporate Tax department;
• Monitoring open control deficiencies and performing validation of corrective actions implemented by Corporate Tax;
• Building relationships and collaborating with key stakeholders in the SEC and Regulatory Reporting internal control infrastructures; and,
• Acting as a change agent for continual improvement of the control environment.Required Qualifications, US:
  • 2+ years of Finance, Accounting, Analytics, Reporting or Business and Technology Audit experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, educationDESIRED QUALIFICATIONS:
    • A BS/BA degree or higher in one of a combination of the following: Finance, Accounting, Analytics, or Reporting
    • Experience in tax operations, risk and controls, compliance and /or ASC 740 Accounting for Income Tax
    • Ability to manage effectively in a matrixed organization
    • Internal control testing experience
    • Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
    • Excellent verbal, written, and interpersonal communication skills
    • Ability to take on a high level of responsibility, initiative, and accountability
    • Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
    • Experience with large financial institutions
    • Basic Microsoft Office (Word, Excel, Outlook, and PowerPoint) skills
    • Intermediate Microsoft Visio skills
    • Working knowledge of SEC reporting standards, Sarbanes Oxley and COSO Framework
    • Big four public accounting experience
    • A Master of Business Administration (MBA) or a Certified Public Accountant (CPA) designation 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, or status as a protected veteran. 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.

Keywords: Wells Fargo, Chandler , Financial Controls Analyst - Tax, Professions , Chandler, Arizona