About Wells Fargo
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
Thisposition is in the EMEA Process Review and Enhancement (PRE) Programme in CIB Operations. The successful candidate will utilise their knowledge of and experience in Capital Markets Operations products and processes to drive a strategic program for control assessments and testing, covering the various teams and asset classes within Wells Fargo CIB Operations. The individual will contribute to a programme covering the trade lifecycle that effectively evaluates controls, identifies gaps and measures the effectiveness of the controls in mitigating operational risk. The role will collaborate with Operations team members and business partners to recommend solutions for the remediation of control gaps across the platform, while capturing and escalating top risks within CIB Operations. The individual will also leverage Capital Markets Operations experience to work with line teams and across the PRE Programme to document standards for best practices, in support of the control framework. The individual will work with Operational Risk at various levels in the organisation, including Operational Risk to drive out consistent practices.
This individual will influence the organisation on behalf of the PRE Programme to ensure that prioritisation and decision making are made with transparent risk and control information, in line with feedback and perspectives from Operations leaders and other business partners. The role will extend into activities surrounding issue management & root cause analysis, training, change management and metrics/Key Risk Indicators (KRIs). Past experience in dialogues with regulatory agencies on behalf of a Swap Dealer, Broker Dealer or similar are also needed, in order to anticipate the needs and queries of examiners and auditors.
Key responsibilities will include:
- Executing control assessments across EMEA CIB Operations. Perform ad-hoc control analysis for teams as required
- Understanding risks and control gaps across the platform and identifying trends. This requires a working knowledge of processes and products across Capital Markets Operations
- Assist CIB Operations in creating a culture of timely and transparent escalation and communication
- Recommending best practice and control remediation for Capital Markets products, process and external risks, including enhancements to existing or new controls to further mitigate risk, including leadership for related projects and remediation work
- Partnering with senior business leaders both in and out of the organisation to evaluate the control environment
- Issuing report outs with analyses of the current control environment. Developing and producing reporting and presentations for senior management that clearly illustrate the current state of risks and controls in the department, as well as the potential cost and/or opportunity for remediation
- Serving as a control consultant for the operations team as issues arise or new processes are implemented
Market Skills and Certifications
The candidate should possess Capital Markets Operations experience and experience either in a Risk organisation (Audit, Compliance, Operational Risk) or responsible for being a key contributor in operational risk processes within a Capital Markets Operations organisation. This experience should include the identification and assessment of controls and a solid understanding of the trade life cycle across multiple asset classes. Strong candidates will possess superior verbal and written communication skills and attention to detail. Individual should be proficient in the controls required to effectively mitigate risk in capital markets operations, as well as relevant regulatory rules and requirements. Candidate should be a strategic problem solver with the ability to work effectively in a flexible, demanding, fast-paced, dynamic environment, handling multiple tasks and projects concurrently, while maintaining the highest standard of excellence. Candidate must have ability to influence and negotiate effectively at all levels, challenging the status quo while maintaining relationships with business partners.
Preferred Qualifications
- Proven ability in the testing and assessment of controls
- Experience implementing risk management programmes
- Strong Excel, PowerPoint, Visio, Project and SharePoint skills
- Working knowledge of Capital Market Operations’ systems of record (Broadridge, GMI, Calypso, etc.)
- Very organised with the ability to self-prioritise workload
- Able to work independently or as part of a team
- Commitment and loyalty to the brand
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.
