Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as 'Personal Cell' or 'Cellular' in the contact information of your application.
At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Wholesale Banking provides financial solutions to businesses across the United States and globally. Our four major business lines include Corporate & Investment Banking, Commercial Banking, Commercial Real Estate, and Wells Fargo Commercial Capital. We also have groups in credit risk, group risk, finance, marketing, human relations, and the Wholesale Chief Operating Office that support our businesses.
Corporate & Investment Banking (CIB) delivers a comprehensive suite of banking, capital markets and advisory solutions, including a full complement of sales, trading and research capabilities, to corporate, government and institutional clients. We focus on our clients' overall financial needs, with consideration and respect for their total relationship with Wells Fargo.
The applicant will join CIB's Business Execution Team to lead initiatives related to Front Office / Market & Counterparty Risk Management. This role will report to the Strategic Risk Portfolio lead within the Execution team. This position will lead implementations of major Trading & Risk priorities. This includes work streams for FRTB, CVA/XVA, SA-CCR, a new strategic technology implementation, modeling migrations, and new platforms supporting data requirements for risk & valuations calculations.
Responsibilities include, but are not limited to:
Developing and executing, with key Trading, Risk, and Technology partners, the overall implementation strategy and roadmap for key programs in the Strategic Risk Portfolio related to CVA, SA-CVA, and eventually PFE
Building partnerships across the organization, forming strong relationships with key teams (including risk modeling quants, market risk oversight, risk technology, among others) to drive the body of work forward
Establishing priorities and driving accountability, ensuring solutions are designed, integrated and controlled to improve effectiveness, limit risk exposure and create efficiencies as appropriate
Distilling complex problems and information into a management friendly, digestible form
Identification and escalation of key risks, issues, and dependencies
Collaborating and partnering with the other product owners in the team
This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CRF 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.
Team members support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution 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 unit's risk appetite and all risk and compliance program requirements.
10+ years of experience in one or a combination of the following: business support, project management, implementation, business operations or strategic planning in financial services
5+ years of leadership experience
8+ years of financial services industry experience
5+ years of securities industry experience
Knowledge and understanding of quantitative analysis and modeling of financial products
Knowledge and understanding of risk management or quantitative modeling
Experience consulting with internal clients and business
Experience in problem analysis, solution implementation, and change management
Excellent verbal, written, and interpersonal communication skills
Knowledge and understanding of strategic planning and execution
Experience leading efforts with multiple stakeholder groups
Ability to influence executive decision-making and successfully negotiate critical issue resolution related to program initiatives
Ability to make timely and independent judgment decisions while working in a fast-paced and results-driven environment
Ability to articulate issues, risks, and proposed solutions to various levels of staff and management
Ability to coordinate internal audits or examinations conducted by external parties
Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
Risk and regulatory compliance experience
NY-New York: 500 W 33rd Street - NEW YORK, NY
All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women. Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.
Internal Number: 5549797
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
www.wellsfargo.com | Twitter: @WellsFargo