Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Market Job Description
The successful candidate will report directly to the WFBI Head of Market and Liquidity Risk (MLR).The MLR team is a second line of defence in risk management, responsible for the oversight of Market, Interest Rate and Liquidity Risk control environment in WFBI. The team also has a second line oversight role in Funds Transfer Pricing, Capital Adequacy, Counterparty Risk and Model Risk
Lead the development and refinement of qualitative Market Risk, Interest Rate Risk in the Banking Book (IRRBB) and Liquidity Reporting to meet the needs of the Bank in order to support effective decision making.
Assist in enhancing and embedding the team's role in Funds Transfer Pricing, Capital Adequacy, Counterparty Risk and Model Risk
Prepare and deliver Market Risk, IRRBB and Liquidity Reports to Board, Risk Committee and ALCO as well as the Senior Management team.
Continuous development, enhancement and embedding of the Market Risk, IRRBB and Liquidity Framework to deliver effective risk management to the business and continue to educate the business in effective risk management ensuring that processes are fit for purpose.
Assist in the annual review of both the qualitative and quantitative aspects of the ILAAP and ICAAP.
Assist in the annual review of the Bank's Statement of Risk Appetite Framework and review and challenge proposed Market, IRRBB and Liquidity limits consistent with the Bank's Risk Appetite.
Review and challenge the first line of defence regarding the design and effectiveness of controls to manage Market Risk, IRRBB and Liquidity within established risk appetite.
Interact with the teams responsible for identifying, monitoring and measuring Market Risk, IRRBB and Liquidity.
Review existing and new regulatory requirements and guidelines relating to the Market Risk, IRRBB and Liquidity to ensure compliance.
Involvement in the Bank's Strategy and Operating Plan as it relates to MLR processes.
Market Skills and Certifications
Proven experience in a Treasury or Risk background especially Market Risk, IRRBB, Liquidity & Funding and Capital Adequacy related processes including related regulatory reporting, stress testing processes, ILAAP and ICAAP with a good working knowledge of Funds Transfer Pricing and Counterparty Risk.
Proven ability to oversee Market Risk, IRRBB and Liquidity risk Management within a banking environment.
Proficient with MS Office applications.
Business focused with strong stakeholder management and influencing skills and able to operate up to senior management level.
Able to prioritise multiple projects and deadlines.
Able to identify and monitor risk in collaboration with Compliance and Audit.
Attention to detail, and the ability to recognise and investigate reporting anomalies.
Third level and/or professional qualification an advantage.
We Value Diversity
At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.
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.
Internal Number: 55018BR
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