Wells Fargo Treasury is responsible for managing Wells Fargo's balance sheet including capital, liquidity, funding, and interest rate risk management. Treasury seeks to ensure Wells Fargo always maintains sufficient capital and liquidity resources to support growth in the Company's businesses, while also ensuring a satisfactory financial cushion exists to protect against unforeseen stresses in the economic environment or the Company's operations. Treasury also provides regulators, senior leaders, and the Board of Directors with key information to support risk management, financial performance management, and strategic planning.
The Balance Sheet and Interest Rate Risk (BSIRRM) Group performs quantitative analysis of the balance sheet behavior and has primary responsibility to measure interest rate risk (IRR) and design corresponding risk management strategies. The group oversees IRR simulation models, provides Management with balance sheet and risk profile insights, and contributes to the generation of risk management strategies
About this role:
Wells Fargo is seeking a Treasury Director to lead the Balance Sheet Production function in BSIRRM reporting to the Head of BSIRRM. This team will own data and analytical processes for delivery of the balance sheet/NII forecast used for planning, interest rate risk management, stress testing, legal entity management, scenario analysis, etc.
In this role, you will:
Lead Balance Sheet Production to efficiently deliver the balance sheet forecast with a strong emphasis on risk management, accuracy, speed, and transparency
Interface with business finance leaders to ensure robust and controlled design and execution of forecasting processes that collectively support business and treasury management needs
Partner with treasury leaders on liquidity, capital, NII projection, scenario, and data related initiatives
Support process and technology transformation efforts working alongside Technology and Finance teams
Oversee and ensure accurate recurring deliverables are completed and compliant with various treasury risk management and regulatory requirements
Collaborate with Internal Audit and Corporate Risk Management
Provide leadership and mentorship to the broader BSIRRM team, fostering a culture of innovation, collaboration, and continuous improvement to ensure delivery on team objectives
Develop and guide a culture of talent development to meet business objectives and strategy
Required Qualifications:
8+ years of Treasury experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
4+ years of management experience
Desired Qualifications:
15 years of experience in a public or large private financial services company
7 years of experience leading large (30+) geographically dispersed finance application production teams
Comprehensive understanding of finance processes, systems, and regulations, with expertise in areas such as balance sheet reporting, forecasting, and compliance
Strong analytical and problem-solving skills, with the ability to leverage data and insights to drive decision-making and continuous improvement
Experience with Quantitative Risk Management (QRM
Posting End Date: 4 Jul 2024 *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.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
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To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
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