OVERVIEW:
Wells Fargo is seeking an Executive Director to lead the central business management function. This role will report directly to the International Markets COO and is part of the Markets COO organization.
The respective function supports the central running of controls and general processes within the front office across EMEA and APAC. The controls and processes include such items as managing systems access profiles, maintaining supervisory models, supporting individual accountability regimes, managing floor access approvals, maintaining intercompany agreements, managing front office head count plans etc.
Wells Fargo’s Markets division (part of Wells Fargo’s Corporate & Investment Banking division) has a global footprint and provides solutions to corporate and institutional 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.
The ideal candidate will be expected to:
- Self-lead the build out a new function that will centrally run controls and processes owned within the front office
- Establish a best-in-class control/operating environment complemented by up-to-date procedures and process flows, disciplined periodic testing/reviews, constant search for efficiencies etc.
- Proactively establish and develop relationships with key stakeholders across the businesses, COO teams, business control and functional partners to effectively perform the role
The ideal candidate will be entrepreneurial and bring a positive and collaborative mindset. The candidate must be organized, have a meticulous eye for detail, not settle for the status quo, be intellectually curious and have strong interpersonal and communication skills. As this is a new role/function within the COO team, it has significant scope to grow.
Responsibilities:
- Build out the team between London and Singapore and establish a high-performance culture that is focused on both quality and efficiency
- Build out the book of controls and processes to centralize within the business management function, partnering with product/activity COOs between multiple regions
- Build out the accompanying management information (KRIs/KPIs) associated with the function and establish related reporting routines
- For new controls/processes, partner with related COO teams and functional partners to establish robust but operationally efficient controls/processes
- Develop procedures for the centralized controls/processes (adhering to firm wide standards) and establish regular review routines to ensure they remain up to date
- Serve as a subject matter expert on business booking models/activities and link those models/activities to controls, processes, intercompany agreements, licenses, front office teams etc.
- Proactively track actions/feedback from stakeholders related to activities and regularly update on progress
- Build and maintain strong relationships with the businesses, COOs and functions to stay on top of personnel, regulatory, system, tooling changes
- Know and understand the regulatory requirements associated with the footprint of the businesses and connection between those requirements and the controls/processes run within the team
- Drive the evolution of the controls/processes run by the team and ensure business/regulatory requirements are always met
- Drive the development of offshore capabilities, partnering with the global lead in the US to ensure control/process migrations are done thoughtfully and with clear accountability
- Serve as front office controls/processes subject matter expert in risk control self-assessments and internal/external audits
- Develop and maintain Business Continuity Plans for the team
- Support reporting obligations - management, entity, regulatory
- Run ad-hoc initiatives that cut across product / activity verticals
- Drive special initiatives at the request of the International Markets COO
Required Experience:
- Corporate & investment banking business management or leadership experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Management or leadership experience
- Relevant experience working within an investment bank
- Deep understanding of markets, including products, services, clients and regulatory environments
- Experience in building, managing and developing geographically dispersed teams
- Experience in designing, implementing and running controls/processes for a business
- Experience in managing a portfolio of control/process routines across a team
- Experience in dealing with complex problems that require multiple global stakeholders to solve
- Experience in working with senior executives requiring high quality work but under time pressure
- Experience in establishing offshoring service centres
Skillsets:
- Meticulous attention to detail whilst able to present information at the intended audience’s level
- Self-starter who is solution orientated and constantly acts on opportunities for continuous improvement
- Builds trust and operates with discretion and integrity
- Scrutinizes the first answer, evaluates alternatives, considers perspectives and tests assumptions
- Exceptional organizational and project management skills
- Strong interpersonal and communication skills
- Ability to set a target operating state and execute towards that
- Ability to lead teams through change
- Ability to influence/negotiate and build consensus with stakeholders across all levels
- Ability to run multiple concurrent tasks whilst playing varying roles in their execution
- Ability to quickly understand and synthesize complex information sets and identify themes/connections
- Ability to work independently and as part of a team
- Expert skills in MS Excel, PowerPoint, SharePoint and Visio
APPLICANTS WITH DISABILITIES
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
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
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