Executive Director, Senior Lead Credit Portfolio Consultant – Markets Basel Specialist

Corporate & Investment Bank (CIB) delivers a comprehensive suite of banking, 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.

Markets provides solutions to clients with the means to manage their exposure through various derivatives, lending and cash products across Structured Products Group, Rates, Equities, Foreign Exchange, Municipal Products Group, Credit Sales & Trading.

About this role:

The candidate will lead the Market’s division within our Structured Product Group (SPG) to work on quarterly Basel submissions, RWA (Risk-Weighted Assets) optimization, capital and returns analyses and the implementation of the Basel III End game rules.  Learn more about the career areas and lines of business at www.wellsfargojobs.com.

This encompasses the following key responsibilities:

• Oversee the co-ordination with the Markets division’s LOBs to obtain the required Basel data across the credit, counterparty and market risk workstreams
• Review, execute controls and provide credible challenge to SPG Banking’s SSFA and SFA submissions
• Work with the deal and the capital oversight teams to review and develop capital efficient structures and to lead initiatives that optimize capital  
• Produce quarterly reporting and presentations for senior management and provide advice on capital optimization strategies
• Lead the effort to build out the data and technology requirements to adhere to the Basel III endgame rules
• Work with Finance and the COO teams to provide RWA and capital forecasting and to develop various forecasting scenarios
• Build out the data infrastructure and reporting for all of the Market’s Basel workstreams
• Prepare and maintain the required Basel documentation
• Serve as a subject matter expert to SPG Banking’s LOBs and deal teams on Basel and capital related topics
• Serve as the point person for the various Basel oversight teams
• Manage key Basel initiatives by working with multiple stakeholders

Required Qualifications:

• 7+ years of Credit Portfolio Consulting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Experience in evaluating Basel treatment, i.e., Securitization, Wholesale, Counterparty and Markets, FRTB
• Knowledge of the key drivers that derive the RWA calculation
• Understanding of the Bank’s current data infrastructure
• Experience in reviewing Basel data submissions including SSFA (Simplified Supervisory Formula Approach) and SFA (Supervisory Formula Approach)
• Experience in working with regulators and relevant internal approval or interpretational groups regarding Basel treatment for new products
• Experience originating structured products a plus
• Proven ability to work independently and make decisions
• Ability to synthesize complex analytical findings into executive level communications
• Proven experience presenting to senior management and regulators
• Experience with governance and oversight requirements for regulatory and risk reporting
• Proficient in Microsoft Office, particularly Excel

Job Expectations:

• This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire. In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer. Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents.
• Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process.

Pay Range
 

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.

Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement

Posting End Date:

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

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.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.