Wells Fargo Names Paul Ricci as Chief Auditor
May 17 2022 - 8:43PM
Business Wire
Ricci has served as the company’s interim chief auditor since
February 2022
Wells Fargo & Company (NYSE: WFC) announced today that Paul
Ricci has been named chief auditor, effective immediately. Ricci
will report to the Audit Committee of the Wells Fargo board of
directors and administratively to CEO Charlie Scharf. He also will
join the Wells Fargo Operating Committee.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20220517006325/en/
Paul Ricci, chief auditor, Wells Fargo
(Photo: Wells Fargo)
As chief auditor, Ricci will lead the internal Audit
organization. The organization’s responsibilities include
delivering independent and objective internal audit assurance on
the design and operating effectiveness of the controls supporting
the company’s governance, risk management, and control functions.
Ricci has served as the company’s interim chief auditor since
February 2022. He has more than 28 years of experience in the
financial services industry with a global focus on governance,
internal controls, regulatory compliance, and risk management.
Ricci joined Wells Fargo in December 2019 as the chief audit
director of Corporate Risk and Capital Management. During his time
at Wells Fargo, Ricci has built and led teams of seasoned
professionals, providing subject matter expertise audit coverage
across Capital Management, Credit Risk, Compliance,
Market/Counterparty Risk, Model Risk, Operational Risk, and
Strategic & Enterprise Risk Management.
“Paul has led the Audit team with extremely capable hands for
the past several months, working to strengthen the function’s audit
practices and operational model and to enable its independence as
the third line of defense,” said Scharf. “He will remain focused on
these critical objectives in the months and years to come.”
Prior to joining Wells Fargo, Ricci was the managing director,
chief auditor of Risk Management and Capital Management at Citibank
and was a key member of the leadership team leading their internal
audit transformation. He also has served as the chief auditor for
the Global Risk Management, Risk Technology, Investment Bank
Finance, and Human Resources internal audit teams as well as
holding several project-based roles at JPMorgan.
Ricci is a certified internal auditor and chartered internal
auditor. He has a Bachelor of Science in Accounting and Master's in
Finance and Quantitative Analysis from St. John's University, as
well as a certificate in Operational Excellence from MIT and a
certificate in Strategy from Columbia Business School.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial
services company that has approximately $1.9 trillion in assets,
proudly serves one in three U.S. households and more than 10% of
small businesses in the U.S., and is a leading middle market
banking provider in the U.S. 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. 37 on Fortune’s 2021
rankings of America’s 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
low-carbon economy. News, insights, and perspectives from Wells
Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com |
Twitter: @WellsFargo.
News Release Category: WF-LO
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220517006325/en/
Media Lylah Holmes, 980-266-9261
Lylah.Holmes@wellsfargo.com
Investor Relations John Campbell, 415-396-0523
John.M.Campbell@wellsfargo.com
Wells Fargo (NYSE:WFC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Wells Fargo (NYSE:WFC)
Historical Stock Chart
From Apr 2023 to Apr 2024