Full-Time

Quality Assurance Analyst

Spreading and Covenant Compliance

Posted on 1/15/2025

Wells Fargo

Wells Fargo

10,001+ employees

Provides banking, mortgage, and investment services

Fintech
Financial Services

Junior, Mid

Charlotte, NC, USA + 2 more

More locations: San Antonio, TX, USA | Chandler, AZ, USA

Hybrid schedule of 3 days in office and 2 days from home.

Category
QA & Testing
Quality Assurance
Requirements
  • 2+ years of Quality Assurance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Responsibilities
  • Examine and research complex programs, processes, claims, documentation, or files to ensure compliance with internal company requirements or agency or government regulations
  • Perform advanced, comprehensive reviews of multiple types of executive resolution transactions and case reviews within a business line
  • Identify risks and problem areas and recommend improvements
  • Research risks and develop solutions for problems identified
  • Perform branch or office inspections on key controls, procedural, or policy inspection points to ensure compliance with company requirements, agency or government regulations
  • Evaluate staff knowledge and compliance with governing policies, procedures and regulations
  • Provide support for exam management activities and any other initiatives as needed
  • Mentor less experienced staff and assist with their development
  • Consult with leadership related to results of assessment
  • Communicate overall process or transaction quality
  • Provide feedback to appropriate contacts regarding identified material deficiencies or issues including identification of inconsistencies
Desired Qualifications
  • Experience with Finance and Accounting concepts, methodologies and systems such as Cost Basis Accounting, GAAP, Balance Sheet or Income Statement
  • Must be familiar with GAAP and IFRS accounting principles, loan documentation, components of financial ratios, spreading and covenants.
  • Commercial banking experience
  • Experience analyzing accounting principles, tax returns, and business and personal financial statements
  • Experience with one or a combination of the following systems: Automated Financial Systems (AFS) commercial loan system, FIS Optimist or ICMP
  • Ability to interact with integrity and a high level of professionalism with all levels of customers, team members and management
  • Leadership skills including; coaching, training, and mentoring
  • Knowledge and understanding of loan documentation
  • Ability to recognize service possibilities that will increase customer satisfaction.
  • Sound analytical skills with high attention to detail and accuracy
  • Ability to apply knowledge of processes and systems to accomplish tasks.
  • Excellent verbal, written, and interpersonal communication skills
  • Listen, understand, respond, and build relationships across the organization.
  • A BS/BA degree or higher in business administration, economics, accounting, finance, or other business-related field
  • Ability to work effectively, as well as independently, in a team environment
  • Intermediate Microsoft Office skills

Wells Fargo provides a variety of financial services, including banking, mortgages, investing, and credit solutions for personal, small business, and commercial clients. The company operates mainly in the United States and serves millions of customers through its branches, ATMs, and online platforms. Its products include checking and savings accounts, personal and business loans, credit cards, and investment advisory services. Revenue is generated through interest from loans, fees for banking services, and commissions from investment products. What sets Wells Fargo apart from its competitors is its extensive network and commitment to simplifying financial management for clients, with a focus on security and customer success.

Company Stage

IPO

Total Funding

$222.1M

Headquarters

San Francisco, California

Founded

1851

Simplify Jobs

Simplify's Take

What believers are saying

  • Investment in virtual commercial cards aligns with the trend of digital payment solutions.
  • Participation in accelerator programs drives innovation and access to new technologies.
  • The strategic review could streamline operations and focus on profitable segments.

What critics are saying

  • Increased competition in digital payment solutions from established fintech companies.
  • Potential market volatility and regulatory scrutiny in cryptocurrency investments.
  • Strategic uncertainty from selling the private-label credit card and POS financing unit.

What makes Wells Fargo unique

  • Wells Fargo offers a comprehensive range of financial services and products.
  • The company has a strong focus on digital banking and innovation.
  • Wells Fargo supports underserved small businesses through initiatives like the Open for Business Fund.

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Benefits

Health Insurance

401(k) Retirement Plan

Paid Vacation

Paid Sick Leave

Parental Leave

Disability Insurance

Life Insurance

Tuition Reimbursement

Commuter Benefits

Adoption Assistance