About this role:

Wells Fargo is seeking a Business Accountability Director to lead key strategic risk initiatives within the CIB (Corporate and Investment Banking) businesses. Learn more about our career areas and lines of business at wellsfargojobs.com.

The Corporate & Investment Banking Control organization serves as the front line of risk management and is accountable for assessing and effectively managing all associated risks for their groups. This team works to ensure internal controls, processes, and procedures are adequate and effective, and executive management understands the risks, exposures, and trends that impact the business. The group also collaborates on projects and initiatives by providing support and awareness of risks and mitigating control solutions.

The Control Executive for CIB has a business-aligned Control team that will closely partner with Operations Control for all aspects of the CIB business, including Securities Operations that support Wells Fargo Securities (WFS LLC) and regional broker dealers, derivative operations that support its Swap Dealer (WFBNA) including regional branches, and its Global Payments Services, Mortgage Servicing, FCM, and Prime Services businesses.

The Head of Trade Surveillance Governance will report to the Global Head of Trade Surveillance and will be responsible for overseeing processes and procedures that span across all Trade Surveillance related activities. This position will require in depth knowledge of Surveillance processes as well as strategic thinking and stakeholder management.

The role requires strong global coordination and collaboration, and the successful candidate will work very closely with Business Heads as well as with COOs, Business Control Managers and partner functions (e.g., Compliance, Risk, Operations, Technology, and Legal).

In this role, you will:

• Drive key Trade Surveillance processes like Surveillance Risk Assessment and Surveillance Threshold calibration exercises
• Manage the controls inventory and ensure that Surveillance controls are properly reflected in the internal risk management system
• Ensure that all department documentation meets internal standards and is properly updated, stored and circulated
• Identify opportunities for process improvements and ensure that governance processes strengthen the control environment while allowing for efficient execution of all activities
• Lead multiple governance forums
• Engage and influence business heads, regulators, control management, risk, legal, and audit partners to successfully ensure appropriate management of business risk
• Influence the allocation of people to ensure commitments are met and align with strategic objectives within the business group
• Design and implement global consistency across the Trade Surveillance framework alignment in governance, standards and risk monitoring.

Leadership, integrity, and credibility will be determining factors in selection. Successful candidates will be articulate and possess a demonstrated leadership capability; they will be impressive in their inter-personal effectiveness and with regard to their accomplishments. The role requires a sense of urgency, passion for results, and personal accountability for achievement. 

Required Qualifications, US:

• 7 years of Risk Management or Financial Services Industry experience, or equivalent experience demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Demonstrated direct or indirect experience with Trade Surveillance in either First Line or Second Line roles.
• Experience with Market Conduct, Market abuse controls and Supervisory review processes. 
• Experience in leading governance and senior risk committee for potential disciplinary or conduct issues.
• Prior experience at Market Oversight including any regulatory or government agencies.
• Prior experience in process improvement, automation of control processes.
• Understanding of Corporate and Investment Banking business operations, processes, products and customer interactions and associated risk manifestation.
• Working knowledge of the Risk Management Framework (RMF) concepts and policies across risk types (regulatory, financial crimes, credit, operational, etc.).
• Excellent communication skills (verbal, written and interpersonal); ability to concisely articulate complex concepts in a clear manner.
• Professionalism, adaptability and strong collaboration skills.
• Ability to pro-actively resolve conflict and maintain objectivity.
• Demonstrated capacity to pro-actively and independently analyze and solve problems and address risks.

Job Expectations:

• Ability to travel up to 10%

Pay Range

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

Benefits

Wells Fargo provides all eligible full- and part-time employees with a comprehensive set of benefits designed to protect their physical and financial health and to help them make the most of their financial future. Visit Benefits - Wells Fargo Careers for an overview of the following benefit plans and programs offered to employees.

• 401(k) Plan
• Paid Time Off
• Parental Leave
• Critical Caregiving Leave
• Discounts and Savings
• Health Benefits
• 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 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, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

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.