Capital Markets Middle Office Director

About this role:

Wells Fargo is seeking a Head of Shared Services Capital Markets Middle Office Director who will provide leadership, decision making, and strategic direction for the Shared Services Team within the CIB (Corporate & Investment Banking) Operations organization for Wells Fargo Securities (WFS) Operations.

In this role, you will build and maintain a shared utility, but independent controls for:

• Tax Operations
• Product and Reference Data Completeness and Integrity
• Client and Platform Enablement
• Client service and output management
• System configuration; Independent Process Review and Testing, Record Process Workflows highlighting weaknesses and gaps while recommending enhancements
• Leadership and development of a global team of 200 employees; related projects and remediation work in Shared Services.
• Operational relationship management with strategic partners/vendors
• Assist WFS Operations in creating a culture of timely and transparent escalation and communication
• Assist in design and implement operating model changes, and be responsible for a robust control environment: examples could be results of RCSA output, OREs (Operational Risk Events) and Near Miss outputs
• Provide internal counsel to ensure sound processes and controls while offering commercial solutions to the Operations Teams as a whole
• Influence strategic process, individuals and platform decisions ensuring a reduction to risk while creating efficiency
• Metrics (KRI’s) reporting for management – manage the KRI platform and ensure KRI’s are matured and amended as the environment changes
• Coordinate with Compliance, Control, Legal, Tax, Technology the Business and other support partners as needed to make needed change

The leader will work with all Operations team members, including leadership, to identify AND assist in resolution of systemic or systematic risks within the teams and validate results. This leader will work close with the Operational Risk Team, both at the WFS level and at the enterprise level.

The leader will represent WFS Operations and meet with regulators and auditors (internal and external), developing working relationships with both teams. Additionally, the manager will be accountable for leading and managing human capital. This incorporates performance management and evaluation, human capital development and retention and promotion; responsible for administrating a department budget.

Finally, the individual will need to consistently demonstrate the Wells Fargo core values and ensure that they are reinforced throughout the team and overall organization.

Required Qualifications:

• 8 years of Capital Markets industry experience, or equivalent experience demonstrated through one or a combination of the following: work experience,
• 4 years of management experience
• Successfully completed FINRA Series 99 exam to qualify for immediate registration (or FINRA recognized equivalents)

Desired Qualifications:

• Proven Capital Markets experience in an Operations, Compliance or Risk Control Organization
• Management experience within a Capital Markets Division building out and developing an organization, staffing decisions, system choices, system implementation
• In-depth knowledge of regulatory reporting needs and Dodd-Frank, and ability to create efficient and effective processes and controls with a goal to minimize systemic and systematic risks
• Strong knowledge of building KRI’s, BSA’s and understanding of risks and controls specific to a capital markets operations organization
• Familiarity with the current regulatory environment and with any pending or proposed changes (Dodd-Frank, Volker, EMIR, BREXIT, QFC, Books and Records, RRP, etc.)
• Comprehensive financial products and controls knowledge preferred (Broker Dealer and Bank activity)
• Industry relationships (e.g. broker/dealer community, CCP’s/DCO’s, and asset class specific boards and working groups)
• Confidence to deal with both external and internal clients, regulators and vendors
• MBA or CFA preferred

Job expectations:

• Obtaining and/or maintaining appropriate Financial Industry Regulatory Authority (FINRA) license(s) is required for ongoing employment in this position
• Currently holds FINRA 99 and either the Series 24 or 27 license (or will successfully pass these within 12 months of start date)
• FINRA Series 24 or 27 (additional licenses outside of those listed in the Required Qualifications) examinations or equivalent must be completed within 12 months following commencement of employment, depending upon the number of license(s) needed if not immediately available to transfer upon hire. FINRA recognized equivalents will be accepted. This will be communicated at time of offer acceptance
• 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.
• Hybrid work schedule at posted location
• This position is not eligible for Visa sponsorship

This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to compliance with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.

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 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 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.