Derivatives Accountant

Wells Fargo - Makati
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 30 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 Philippines
Wells Fargo Philippines enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Operations, Risk and Compliance, Project Management, Finance & Accounting and Data Analytics. We operate in Taguig City, Metro Manila.
Department Overview
The Controller division includes the following functional areas: Accounting Business Unit Support, Accounting Operations, Accounting Policy, Enterprise Controls & Oversight, Enterprise Financial Reporting, Supply Chain Management, and Corporate Tax. The WFS Reconciliation – Capital Markets COE is under the Controller division's sub-group - Accounting Operations.
About the Role
The Derivatives Accountant internally known as the Financial Reporting Analysis Analyst 2 is responsible for ensuring all major financial accounting procedures and controls are functioning at the highest level for the integrity and reliability of financial reporting.

  • This position is responsible for the following: oversee general ledger account reconciliations in Intellimatch. Specifically, but not limited to the following detailed accounts: Wash Accounts, Cash and Suspense accounts, Wire In/Wire Out, Receivable/Payables across all legal entities within WFS Operations
  • The oversight function will include monitoring exceptions for derivatives, and analytics for cash exceptions for daily regulatory reporting. In addition, the necessary investigation will include taking action to clear the exception and/or provide middle office or Product Integrity team information needed to continue the investigation and create resolutions
  • Perform system to system reconciliations: subsystems to general ledger and subsystem to subsystem
  • Research and resolve: subsystem breaks, unpostables transactions, settlements differences, accounting (logic) breaks
  • Participate in testing of system enhancements and identifying control weaknesses in existing processes
  • Participate in the month end close process for general ledger entries to account for breaks that were identified between reported PnL vs. trading system balances
  • Perform accurate and timely monthly balance sheet and bank account reconciliations. This includes having a thorough understanding of the accounting process behind the reconciliation in order to properly research and resolve any reconciling items

Market Skills and Certifications
Essential Qualifications
  • Candidate must be a graduate of 4 year degree in Business with a concentration in Accounting, Finance or Economics
  • Candidate must have at least 2 years of experience in back-office accounting for all securities and derivatives products for daily general ledger posting
  • Account reconciliation experience with Intellimatch. Possess a working knowledge of Calypso & GMI subsystems. Possess an understanding of the responsibilities for supporting the derivatives clearing functionality within back-office Operations
  • Candidate must be: highly motivated, ability to react to change quickly, able to multi-task, able to work well with pressure of deadlines, analytical background, and excellent verbal and written communication skills

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.
Attention - In the recruitment process, legitimate companies never withdraw fees from candidates. If there are companies that attract interview fees, tests, ticket reservations, etc. it is better to avoid it because there are indications of fraud. If you see something suspicious please contact us: [email protected]