Let's say hypothetically that someone is considering an offer within IA, despite this person being aware of the general ins and outs of working at Wells.
But this someone knows nothing about the culture, stability, etc of IA specifically.
Any current or former IA folks out there that wants to provide the pros and cons of their experience?
Is it a workaholic environment? Or are most folks working a standard 40?
Whatever you do, do not join the compliance audit team. It’s ugly and getting worse. There is so much turnover. As far as audit in general very different and depends what team you are on. I would never recommend audit at Wells Fargo to anyone right now.
I’ve been in Audit twice. First time was doing data analytics and I enjoyed it. Second time, was a nightmare of a job on a totally toxic team. Just depends on where you land. Good thing, it if you are on a bad team, you can do your year and get out.
What level are you coming in at? Your SAMs, SLAMs and some LAMs are the workhorses of audit, which is why you see aggressive turnover at those levels
@ulg “Pray for WF. It’s about to get messy.”
Can you elaborate? Assuming this is Consent Order related???
I used to be in Audit. As another mentioned, you have to find an additional 40 hours of training each year. Came down as a mandate from the regulators a while back. Thankfully, CPE counts the 40 hours (or used to).
Be ready to track your time for every project that you do.
Audit used to be a great place, but I would not choose to go back in the current situation.
Tech audit is pretty useless. The worst. No direction or leadership. Get old audit reports out and look for repeat issues . Wait, that mainframe issue from 2016 cannot be valid since we decomm’d the mainframe .. but no, you need to check and recheck. Under SR, this kind of cyclical Mondaet is very explainable. I can no longer take this .
Audit is a safe place.
Extremely ineffective in what they do but it’s a safe place.
Pray for WF. It’s about to get messy.
17 years with the company, a few with Audit. I wouldn't recommend it. You have to love writing 5-10-15-20-30 page workpapers to tell a story explaining what you saw, what you heard, how you got an understanding, how you tested, what you found, etc. It's very much gray most all the time; if you can't formulate an opinion and put forth your own thoughts about how well or poorly you think something was done......you are going to struggle. Audit isn't looking for people who must be told every single thing to do. It's a lot of figuring out for yourself. Most of your peers won't have any idea what they are doing so they won't be able to help you much.
Also, get ready to have to scrap to find 40 hours of additional training (above and beyond your Develop You training) every year so that you can meet the training requirement. It's ridiculous.
I am in Audit and generally work 40 to 42 hours a week. There are some weeks where I work more but it averages out. It does depend on the team and the position.
It really depends on what team this hypothetical person would be on, and who their manager would be. The amount of work ebbs and flows too. At various points in a given year they could be either having to work long hours to get everything done, or have next to nothing worthwhile to do.