Corporate and Investment Banking Control - Managing Director, Markets Control Executive

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 7,700 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 33 countries and territories to support customers who conduct business in the global economy. With approximately 262,000 team members, Wells Fargo serves one in three households in the U.S. Wells Fargo & Company was ranked No. 26 on Fortune's 2018 rankings of America's largest corporations.

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.

Corporate & Investment Banking

Corporate & Investment Banking (CIB), delivers a comprehensive suite of traditional banking solutions including credit, treasury management and payments, and 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.

Corporate & Investment Banking Control

The Corporate & Investment Banking Control organization serves as the front line of risk management and is accountable for assessing and effectively managing all associated risks for their groups. This team works to ensure internal controls, processes, and procedures are adequate and effective, and executive management understands the risks, exposures, and trends that impact the business. The group also collaborates on projects and initiatives by providing support and awareness of risks and mitigating control solutions.

The Role

This position is within the CIB Control organization and will be responsible for the development and management of the business risk control platform, supporting the Global Markets Division This position requires an in-depth understanding of Global Markets, market practice, operations, technology and relevant regulations. This leader will manage a team responsible for the design and implementation of front line controls with respect to a variety of regulatory requirements, Wells Fargo policies and industry best practices. Responsibilities include, but are not limited to, providing risk management and Markets subject matter expertise, driving Risk & Controls Self Assessment(RCSA), leading risk identification, assessment and mitigation strategies, and managing a team of professionals that perform day to day risk and control activities.

Specific responsibilities include:

• Key point of contact for senior leaders in CIB, CIB Control, IRM, Wells Fargo Audit, regulators, and other constituents; ensure that all inquiries are responded to appropriately and in a timely manner.
• Lead and develop a team with a strong working knowledge of the Markets business and the key risk and controls that apply to the businesses to serve as the primary day-to-day coverage officers, with proven knowledge of products, services, processes, systems and customers in the business.
• Drive communication among senior leaders in Markets, COO, CIB Control, and other key stakeholders managing flow of information related but not limited to operational support risks, operational process and control health, and similar infrastructure and capacity concerns impacting CIB.
• 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 and control issues across all risk types.
• Serve as the Co-Chair of the Markets Division Risk Committee.
• Execute and manage the advancement of core risk program requirements, such as RCSA, Operational Risk Event analysis and reporting, and issues management.
• Escalation point for all control issues related to Markets.
• Guide the Markets business leaders through detailed risk and control evaluations, collection of metrics and maintaining a quarterly forum to evidence management validation and attestation to RCSA.
• Lead the team to document and assess operational risk incidents using methods such as root cause analysis. Consult with business to develop corrective action plans. Oversee implementation progress and conduct validation efforts as required. Coordinate with business and support partners for creation of Self-Disclosed issues in Issues Management system of record. Record losses in the system of record, as applicable.
• Drive reporting, written and verbal updates to LOB risk oversight councils, CIB and Enterprise risk committees as issues/incidents arise that require escalation.
• Coordinate with internal testing engagements, such as Evidence Based Control Evaluation, Internal audit and Regulatory exams.
• Work with the business and support teams to provide operational risk expertise and consulting for projects and platform initiatives, taking into account impacts to risk & control framework.

As a Team Member Manager, you are expected to achieve success by leading yourself, your team, and the business. Specifically you will:

• Lead your team with integrity and create an environment where your team members feel included, valued, and supported to do work that energizes them.
• Accomplish management responsibilities which include sourcing and hiring talented team members, providing ongoing coaching and feedback, recognizing and developing team members, identifying and managing risks, and completing daily management tasks.

The Candidate

Leadership, integrity, and credibility will be determining factors in selection. Successful candidates will be articulate and possess a demonstrated leadership capability; they will be impressive in their inter-personal effectiveness and with regard to their accomplishments. This role requires a leader with strong relationship management, influencing, vision and execution skills. A key differentiator will be the ability to understand and operate successfully in a complex, heavily matrixed corporate environment. The role requires a sense of urgency, passion for results, and personal accountability for achievement.

The successful candidate will work closely with other senior leaders across CIB Control, and risk and operational partners from elsewhere in the company in the development and execution of company risk management strategies. Accordingly, critical success factors will include the ability to develop partnerships with many business and functional areas, provide insight into the economic climate and related market developments and identify trends which may present opportunities or reflect gaps in the Company's risk management execution/direction.

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.

Required Qualifications, US:

• 8+ years of Risk Management 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:

• Experience with first line controls and operational processes around regulatory reporting, entitlements, electronic trading and operations processing.

• Prior experience in process improvement, automation of control processes, quality assurance and quality control routines, and risk and control metrics and reporting.

• Strong working knowledge of 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.).

• Excellent communication skills (verbal, written and interpersonal); ability to concisely articulate complex concepts in a clear manner.

• Strong analytical skills with high attention to detail and accuracy.

• Highly professional, adaptable and pro-active mindset.

• Ability to translate technical language into plain business language, and to translate business requirements into technology initiatives.

• 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.

• Ability to assess and determine when to raise concerns and escalate.

• Pro-actively resolve conflict and maintain objectivity.

• Ability to conceptualize, develop, and deliver quality analysis and highly-actionable actionable management information.

• Demonstrated capacity to pro-actively and independently analyze and solve problems and address risks.

Pay Range:

• 207,900.00 - 431,900.00 USD Annual
• May be considered for a discretionary bonus, Restricted Share Rights or other long-term incentive awards

Pay Range

$207,900.00 - $431,900.00 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.