CIB Control Electronic Trading Control Management Director

About this role:

Wells Fargo is seeking CIB Control Electronic Trading Control Management Director in the Corporate & Investment Banking (CIB) Control Team, which is responsible for the implementation and management of the First Line of Defense risk program requirements. Within CIB Control, this position resides in the Business Aligned Control team and will support the Electronic Trading business which is pan Markets covering Equities, FX and Fixed Income businesses. The role will support the global business to design and implement first line controls with respect to a variety of regulatory requirements, Wells Fargo policies and industry best practices.

The role will work directly with Sales, Trading, Product, COO and various other support partners across the platform. They will collaborate with leadership to establish business priorities, drive major initiatives, and implement the electronic trading risk and control framework including the RCSA.

This role requires a collaborative individual capable of initiating action and managing change in a fast-paced environment as well as strong relationship management and execution skills. The role requires a sense of urgency, passion for results, and personal accountability for achievement. They will also have a demonstrated ability to build and maintain strong credible relationships with key stakeholder groups.

A strong understanding of Electronic Trading compliance and regulatory requirements is crucial for this role along with a reasonable knowledge of complex trading technology, vendor and operational platforms and processes.

Learn more about the career areas and lines of business at wellsfargojobs.com

Specific responsibilities include, but are not limited to:

• Coordinate with key stakeholder groups in order to support business and platform growth, governance, and control requirements covering algorithms, trading tools and market connections
• Partner with COO, Compliance, Legal, and Risk partners to understand regulatory standards of conduct, identification and remediation of issues and corrective actions, implementation of required compliance and regulatory initiatives (understanding requirements, implementation, and on-going compliance) and overall support of the risk and control framework
• Manage directly or coordinate resources within the CIB Business Controls team responsible for coverage of the Markets Electronic Trading business
• Support the firm-wide foundational RCSA process for Electronic Trading
• Continuously engage in discussions with LOB partners on strategy, industry trends, organizational changes, and new/modified markets, systems, products and services, to determine impact and identify and remediate risk issues across all risk types, including financial risks
• Be the primary contact on control design and implementation to mitigate risks
• Establish regular routines with corporate risk, testing & validation and audit partners to provide transparency into business risk profile and trend
• Establish a formal communication channel to broadcast risk program updates, risk profiles, policy updates and other key risk program information to the senior leaders of all coverage areas
• Work with the business and support teams to provide operational risk expertise and consulting for projects and platform initiatives
• Conduct risk assessments to evaluate the adequacy and effectiveness of policies, procedures, processes, systems, technology and internal controls
• Analyze business, industry, system changes or other material business environment changes to determine impact, identify and assess operational risk issues
• Provide reporting, written and verbal updates to LOB risk oversight councils, CIB/Wholesale and Enterprise risk committees as issues/incidents arise that require escalation

Required Qualifications, US:

• 8+ years of Risk Management or Business Controls experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• 4+ years of Management experience

Desired Qualifications:

• Knowledge and understanding of Electronic Trading across Capitals Markets
• A Strong Understanding of Electronic Trading compliance and regulatory requirements
• Knowledge and understanding of Risk and Control Self-Assessment (RCSA)
• Strong working knowledge of Capital Markets businesses, its products and services, and relevant risks and controls of the business
• Working knowledge of the Risk Management Framework (RMF) concepts and policies across risk types (regulatory, financial crimes, credit, operational, etc.)
• Demonstrated capability to confidently raise issues, escalate early, and engage in constructive credible challenge independently
• Technical understanding of specific business operations, processes, products, and customer interactions where they manifest risk
• Ability to develop high performing, diverse risk structure in a highly matrixed environment
• Pro-actively resolve conflict and maintain objectivity
• Ability to conceptualize, develop, and deliver quality analysis and highly actionable management information
• Demonstrated capacity to pro-actively and independently analyze and solve problems and address risks with the business unit's risk appetite and all risk and compliance program requirements
• Ability to research and report on a variety of issues using problem solving skills
• Experience navigating and managing change in a complex organization
• Ability to influence executive decision-making and successfully negotiate critical issue resolution related to program initiatives
• Ability to execute in a fast paced, high demand, environment while balancing multiple priorities
• Excellent communication skills (verbal, written and interpersonal) with the ability to concisely articulate complex concepts in a clear manner
• Strong analytical skills with high attention to detail and accuracy
• Experience coordinating 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

Pay Range

$173,300.00 - $359,900.00 Annual

Benefits

• Information about Wells Fargo's employee benefits

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees 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.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.