Senior Audit Director Compliance
Senior Audit Director Compliance
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Job Description
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.96 trillion in assets. We provide a diversified set of banking investment and mortgage products and services as well as consumer and commercial finance through our four reportable operating segments: Consumer Banking and Lending Commercial Banking Corporate and Investment Banking and Wealth & Investment Management. Wells Fargo ranked No. 47 on Fortunes 2023 rankings of Americas largest corporations. In the communities we serve the company focuses its social impact on building a sustainable inclusive future for all by supporting housing affordability small business growth financial health and a lowcarbon economy.
Internal Audit
Audit is a provider of independent objective assurance services delivered through a highly competent and diverse team. As a business partner Audit 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 Role:
The Senior Audit Director will report to the Chief Audit Director Corporate Risk and will collaborate and partner with other specialist audit teams as appropriate to ensure comprehensive Compliance audit coverage. In this role the Senior Audit Director will lead a team of 80 audit professionals and will be responsible for building and maintaining a highly engaged expert team.
Specifically this leader will:
- Maintain credible collaborative and influential relationships with senior management other risk organizations and regulatory agencies
- Evaluate current audit approaches and audit practices. Provide thought leadership on leading industry practices and drive continued maturation and evolution of the audit function
- Develop and execute an annual audit plan that evaluates critical risks to Wells Fargo and applies strong pragmatic professional judgment
- Communicate audit results to senior executives and using the role within Audit to influence the organization
- Identify thematic risk trends observed across the portfolio for purposes of influencing strategic control direction and process maturity
- Keep abreast of changes to regulatory requirements and emerging technologies
- Partner with management to identify and anticipate impact of a changing environment and effectively develop audit strategies to address significant risk
- Recruit develop motivate and retain audit talent within Internal Audit
- Manage people projects and workflow across multiple geographies
- Represent Corporate Risk Audit as a highly engaged visible and influential leader
- Provide vision and set direction for multiple high impact initiatives and teams to achieve longterm strategic objectives that impact organization and management across functions
- Provide advice and offer credible challenge to internal business line leaders on the implications of business trends issues operating environment changes and line of business strategies
- Assess the strategic audit risk management and control effectiveness and governance structure of a specific line of business
- Support and participate in decisions related to Audit initiatives and strategic direction
- Direct ongoing enhancement of internal and external formal reporting audit review and research and communications mechanisms
- Maximize accuracy and efficiency when sharing results to company leadership and regulatory agencies
- Develop effective internal and external working relationships with more experienced business leaders
- Manage allocation of people and financial resources to ensure commitments are met and align with strategic objectives in Audit
- Develop and guide a culture of talent development to meet business objectives and strategy
The Candidate:
The successful candidate for this role will demonstrate the leadership skill necessary to collaboratively build and lead a highperforming team of internal audit professionals to drive business results through leadership effectiveness and employee engagement; contributing to broad enterprise strategy with a One Wells Fargo lens; and furthering the companys strong risk management culture by living the Expectations of Wells Fargo. This leader must be capable of initiating action and managing change. The position requires a leader with strong relationship management influencing vision and skills. 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.
Required Qualifications:
- 8 years of Audit Risk experience or equivalent demonstrated through one or a combination of the following: work experience training military experience education
- 4 years of management experience
Desired Qualifications:
- Audit management experience at a large financial institution or audit firm
- Demonstrated ability to influence and collaborate with key stakeholders across senior levels in an organization
- Experience leading audit risk or regulator teams focused on auditing Compliance functions
- A Bachelor of Science or Bachelor of Arts degree or higher
- Comprehensive knowledge and understanding of audit methodologies and tools that support audit processes as well as the regulatory landscape
- Good understanding of Institution of Internal Audit (IIA) standards regulatory requirements and industry guidelines
- Proven leadership experience with multifunctional teams across multiple locations
- Proven leadership experience building highly talented individuals and teams
- Certification in one or more of the following: CIA CPA or Commissioned Bank Examiner
- Ability to travel up to 20 of the time
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.
$207900.00 $431900.00Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits many of which are listed below. VisitBenefits Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance critical illness insurance and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
Posting End Date:
12 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 compliancedriven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for 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.
Applicants with Disabilities
To request a medical accommodation during the application or interview process visitDisability 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. ThirdParty 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.
Required Experience:
Director
Employment Type
Full-Time
