About this role:
Wells Fargo is seeking a Lead Financial Risk Officer to report to the Head of Capital Adequacy Risk Oversight. This Lead Financial Risk Officer opportunity will play an important role in Wells Fargo’s risk management effort in meeting its responsibilities as a global, systemically important financial institution by contributing to the capital adequacy oversight responsibilities of Finance Risk Management (“FRM”). This position will be a part of the Capital Adequacy Risk Oversight (“CARO”) team.
In this role, you will:
- Provide expertise and required governance on key risk management policies associated with capital adequacy.
- Support FRM’s oversight on quarterly capital adequacy assessments considering all financial risks to capital actions and the capital position from routine financial forecast updates.
- Support FRM’s oversight of the annual Comprehensive Capital and Analysis Review (“CCAR”)/Capital Plan focusing primarily on capital projections and actions to support IRM’s opinion on the firm’s capital position.
- Support FRM’s oversight of the Resolution and Recovery Plan (RRP) processes, focusing primarily on capital projections and actions.
- Evaluate relevant capital target and triggers for appropriateness and adherence to policy.
- Identify and escalate risk and control issues with transparency, in a timeline manner and in accordance with Company policies and procedures.
- Support the development and maintenance of detailed procedures supporting critical processes that contribute to our oversight function.
Required Qualifications, US:
- 5+ years of Financial Risk experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
- MBA, CFA or equivalent professional certification.
- Capital/treasury/liquidity/asset liability management experience in either a direct or support capacity.
- Sound knowledge of banking products/services and financial markets, including capital and related key concepts (e.g., components of the capital stack, key capital measures, etc…).
- Knowledge of SR 15-18 requirements.
- Experience with CCAR.
- Experience with Resolution and Recovery Planning (RRP).
- Critical thinker with strong analytical skills.
- Ability to coordinate completion of multiple tasks and meet aggressive time frames.
- Ability to interpret policies and procedures in a simple, clear, and concise manner.
- Ability to influence, develop, partner with, and maintain collaborative relations at all levels within the organization.
- Ability to take initiative and work independently, identify concerns, and appropriately challenge as needed.
- Strong written and verbal communication skills as well as advanced skills with Microsoft Office tools such as Excel and PowerPoint.
- Familiarity with the range and complexity of Wells Fargo’s businesses and balance sheet.
- Ability to work at one of the approved locations in the job posting.
- Preferred location(s) listed. Other locations within the Wells Fargo footprint may be considered for current Wells Fargo Corporate Risk employees.
- Willingness to comply with our hybrid work model; working from a Wells Fargo facility at least three days a week, with the flexibility to work remotely two days a week.
- 401 South Tryon Street, Charlotte, North Carolina
- 600 South 4th Street, Minneapolis, Minnesota
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.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
Drug and Alcohol Policy
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.