Lead Financial Risk Officer - Financial Risk

About This Role

Wells Fargo is seeking a Lead Financial Risk Officer that will be an individual contributor role on the Finance Risk Management (FRM) - Liquidity Risk Oversight (LRO) Team reporting to the Risk Analytics Director. This will be a high visibility role requiring regular interactions with senior leaders across Liquidity Risk Management, Liquidity Management, Corporate Risk, and Internal Audit. This individual will be responsible for liquidity risk oversight in the areas of Intraday Liquidity and New Business Initiative review and challenge.

In This Role, You Will

The individual will contribute to oversight in multiple areas, to include but not limited to, the following:

• Develop and own an oversight framework for intraday liquidity:
• Develop an approach for ongoing monitoring of intraday results and activities
• Work with treasury stakeholders to conduct periodic reviews of intraday risk and activities
• Work with treasury stakeholders on ad hoc analyses and projects related to current topics and emerging risk in intraday liquidity.
• Partner with LRO peers and leadership to complete enterprise risk program activities including quarterly and annual risk assessments as well as regulatory compliance for intraday liquidity
• Review and challenge periodic metric and threshold updates
• Own and coordinate New Business Initiative (NBI) process:
• Develop and maintain procedures for NBI review and challenge including 2 key controls and 1 non-key control
• Retain evidence of control execution for the LRO team
• Serve as main point of contact and process lead for the LRO team for all NBIs
• Monitor other assessments in the corporate NBI system to provide coverage for pre-vetting and continuous monitoring of past product changes.
• Own and coordinate Error Log Review process:
• Develop and maintain procedures for error log review
• Retain evidence for LRO team related to error log review and challenge
• Serve as main point of contact and process lead for the LRO team for the error log process

Required Qualifications:

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

Desired Qualifications:

• 5 years of experience in one or a combination of the following: liquidity risk, finance/treasury/asset liability management
• Experience in bank liquidity and/or capital analysis including stress test scenarios
• Experience in bank regulatory matters, in depth knowledge of Liquidity Risk rules and regulations like regulation YY and others.
• BS/BA degree or equivalent experience in banking and finance
• Proven ability to foster constructive relationships with various levels of management
• Excellent verbal, written and interpersonal communication skills
• Ability to be proactive in terms of identifying and addressing risk and management issues that are arising
• Ability to coordinate completion of multiple tasks and meet aggressive time frames
• Ability to take initiative and work independently with minimal supervision in a structured environment
• Experience in bank regulatory matters
• Working knowledge of liquidity risk management concepts
• Demonstrated success leading & implementing projects
• Advanced Microsoft Office (Word, Excel, and Outlook) skills
• SQL, SAS, or similar database experience is a plus
  
  

Job Expectations:

• Ability to work at one of the approved locations in the job posting
• Willingness to comply with our hybrid work model; working from a Wells Fargo facility at least three days a week, with the flexibility to work remotely two days a week
  
  

Job Posting Locations:

• 401 S Tryon St Charlotte, NC
• 600 S 4th St, Minneapolis, MN
  
  

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.

$111,100.00 - $197,500.00

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:

11 Mar 2025

• 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

• Third-Party recordings are prohibited unless authorized by Wells Fargo.
• Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
  
  

Reference Number

R-439693-2