ABOUT THIS ROLE:
Wells Fargo Corporate and Investment Banking (CIB) Markets COO division is seeking a manager at the Executive Director level to provide leadership and management covering Equities, Electronic Trading, Structured Products Group and Volcker Risk Program. This position will require deep product knowledge focused in the above product areas to provide expertise to key aspects of the bank’s controls and trade surveillance framework within the First Line.
The successful candidate will report to the Head of Business Aligned Supervisory Support (BASS) and will work closely with the Business Aligned Supervisory Officers, Line of Business supervisors, Business Controls and COO teams as well as other support functions (e.g., Compliance, Testing, Audit, Risk, Operations, Technology, Legal, and Human Resources). Their goal will be to help the Designated Supervisors to be more efficient and effective by ensuring that there is a sound supervisory framework in supervision coverage, and the program is in compliance with applicable rules, regulations, and industry best practices. This is a hybrid role with some in office expectation.
IN THIS ROLE:
Candidate must be able to thrive in a dynamic, fast-paced and high-pressure environment. Primary responsibilities include the following:
- Provide day to day leadership and management to the Business Aligned Supervisory Officers in the respective product areas, including managing and developing the teams to oversee moderate to highly complex activities associated with the development and implementation of business-specific programs, processes, and controls which identify, assess, monitor, measure, and mitigate risk.
- Identify and recommend opportunities for process improvement, risk mitigation, and control strategies.
- Determine appropriate strategies and actions, interpret and develop policies and procedures, and provide leadership to strategize and execute a variety of programs, services, initiatives, protocols, and deliverables that are moderate to high-risk within scope of responsibility.
- Provide thought leadership to support the Designated Supervisors and desk heads to enhance the control environment and address issues.
- Work with control partners to identify control gaps, design, implement and track through issue remedial actions to close and continue to improve conduct and culture within the business and wider organization including but not limited to trade surveillance, conflicts of interest, unauthorized trading, etc.
- Represent CIB Markets at various committees, forums, working groups and meetings as required.
- Interface with Regulatory agencies (e.g., OCC, FINRA, SEC, FC, etc.,) as required, representing the bank and to be accountable for ensuring regulatory concerns are appropriately and swiftly addressed.
- Collaborate with and influence all levels of professionals including senior managers.
- Engage and influence business heads, regulators, control management, risk, legal, and audit partners to successfully ensure appropriate management of business risk
- Act as an escalation point for any items that require escalation, awareness, or approval.
- Develop and guide a culture of talent development to meet business objectives and strategy.
Required Qualifications:
- 6+ years of risk management, business controls, or compliance experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- 3+ years of management or leadership experience
Desired Qualifications:
- 6+ years of industry experience in Trading, Controls or Compliance
- A BS/BA degree or higher
- Knowledge and experience with Equities, Electronic Trading, Structured Products and Volcker risk programs
- Ability to demonstrate in-depth trading/product knowledge around trading correlations, use of derivatives and hedging
- Understanding of Market Abuse Risks and applicable rules and regulations across specific Sales and Trading business
- In-depth knowledge of Supervision, Supervisory programs, role of a supervisor, obligations of a supervisory delegate and risks associated with such
- Ability to work collaboratively across multiple stakeholders and deliver results in a timely manner
- Self-starter with ability to multitask, manage competing priorities, and effectively lead in a dynamic environment
- Excellent verbal and written communication skills with the ability to articulate complex concepts in a clear and concise manner
- Strong attention to detail and high quality standard for work
- Commitment to provide timely and accurate guidance to FLU with strong ability to influence when needed
- Inquisitive and proactive mindset with the ability to think creatively to solve problems and anticipate potential questions and issues
- Experience handling highly sensitive and confidential information utilizing sound judgement.
- FINRA Series 7, 24 & 63 licenses preferred but not a pre-requisite. Must be willing to obtain in a timely manner
Job Expectations:
- Ability to travel up to 10%
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