Wells Fargo is seeking an Assistant General Counsel and Vice President in the Corporate & Investment Banking (CIB) Markets Section of the Legal Department.
For additional information on this line of business, refer to the external Careers Site at Wellsfargo.com/career.
This position is responsible for providing legal services to the institutional and international Derivatives, FX, Repo, TBA and other fixed income and structured products trading businesses of Wells Fargo Bank and its affiliates, including Wells Fargo Securities, LLC. Also supports Wells Fargo's sales and trading desks on matters involving Dodd-Frank, related CFTC and SEC Rules, IM and VM Margin Rules, FINRA Rule 4210, the U.S. Treasury Clearing Rule, and other domestic and international laws pertaining to traded products and to exchange trading, clearing, margining, reporting and other requirements of financial reform initiatives.
In this role, you will:
Lead complex initiatives with broad impact and act as a key participant in large scale planning
Handle matters that have a significant impact on the Company's operations, strategies, or profitability
Provide legal advice on matters for management of the Corporation and its subsidiaries
Serve as a legal advisor to the businesses within Wells Fargo
Review and analyze complex large scale or long-term challenges that require in-depth evaluation of multiple factors including intangibles or unprecedented factors
Draft complex legal documents, review and negotiate documents prepared by outside counsel
Identify and analyze complex legal issues, develop conclusions, and make recommendations for issue resolution
Provide substantive legal advice on matters for more experienced management of the Corporation
Develop and lead implementation of strategic business initiatives, and lead work team to meet deliverables and drive new initiatives
Educate, train, and supervise less experienced attorneys within the Legal department
Collaborate strategically with peers, colleagues, and mid-level to more experienced managers to resolve issues and achieve goals
Lead projects, teams or serve as a peer mentor
Develop relationships with and provide guidance to more experienced leadership, including executive officers, on issues that may present legal, regulatory, compliance, or reputational risk to the Company
Partner with business leaders and management of other corporate departments to develop and implement risk management programs
Required Qualifications:
5+ years of Law experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Active State Bar membership or the equivalent in a country outside the United States
Desired Qualifications:
Experience as a practicing attorney
5+ years of significant experience in representing clients with respect to derivatives and FX products, and/or repo, TBA and Covered Agency transactions
Structured Products experience or experience with Sponsored Repo, Structured Repo and Committed Repo preferred but not required.
Significant experience with institutional customers (Banks, Hedge Funds, Investment Managers, 1940 Act Funds, Pension Plans and Insurance Companies) and related regulation (such as ERISA and the Investment Company Act of 1940); experience with corporate customers and/or international customers (institutional or corporate) a plus
Significant knowledge and experience with U.S. and foreign laws, rules and regulations relevant to derivatives and FX transactions and/or repo, TBA and Covered Agency , including the Dodd-Frank Act; related CFTC and SEC Rules, IM and VM Margin Rules, FINRA Rule 4210, Sections 23A and B of the Federal Reserve Act; securities, commodities and investment laws (including clearing, margining, disclosure, licensing requirements and conflicts of interests); bankruptcy laws (including netting laws); and laws related to corporate compliance and governance matters. Knowledge and experience with the new SEC Treasury Rules preferred but not required.
Extensive experience conducting research and providing counsel and guidance regarding complex legal issues.
Strong attention to detail and accuracy.
Ability to work effectively in a complex environment with a high degree of collaboration.
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. $144,400.00 - $300,000.00 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: 3 Oct 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.
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.