Lead Financial Risk Officer – Capital Allocations and Funds Transfer Pricing Oversight

About this role:Wells Fargo is seeking a Lead Financial Risk Officer reporting to the manager of Financial Forecast & Performance Management Oversight. This Lead Financial Risk Officer will play an important role in Wells Fargo’s risk management effort in meeting its responsibilities as a global, systemically important financial institution by contributing to the capital adequacy oversight responsibilities of Finance Risk Management (“FRM”). This position will be a part of the Financial Forecast and Performance Management Oversight (“FFPMO”) team providing oversight of Capital Allocations and Funds Transfer Pricing (“CAFTP”). Learn more about our career areas and business divisions at wellsfargojobs.com.In this role, you will:

Perform independent analysis and credible challenge of capital allocations, including annual line-of-business static targets set by Treasury and quarterly monitoring of capital consumption relative to these targets in consultation with the Capital Adequacy Risk Oversight team

Lead financial forecast oversight efforts (e.g., monthly and quarterly forecasting, CCAR) related to the balance sheet and NII, including monitoring, analysis, and research related to forecast drivers, trends, risks, and opportunities and other ad hoc analysis, as requested

Prepare reporting describing the results of oversight activities, new and/or emerging risks, and recommendations made to senior management, including Capital Allocations and Funds Transfer Pricing Council (CAFCo) and standard monthly FRM reporting

Conduct FFPMO’s assessment of the CAFTP Annual Review performed by Capital Management to ensure that key CAFTP Framework methodologies, assumptions, and overlays are updated annually or as necessary and prepare related reporting for the Capital Allocations and Funds Transfer Pricing Council (CAFCo)

Conduct FFPMO’s annual independent SR 16-3 compliance assessment and prepare related reporting for CAFCo

Serve as liaison to Model Risk Management on CAFTP-related models, providing input on model use, performance, and reviews/validations as needed

Develop and maintain detailed procedures for monitoring and oversight activities and associated reporting

Help maintain good relationships across the Wells Fargo enterprise, including the front line, audit, and regulators

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:

A BA/BS degree, preferably in a finance-related discipline

MBA, CFA or equivalent professional certification

Risk management, finance, capital markets experience or equivalent

Sound knowledge of banking products/services and financial markets, including capital and Funds Transfer Pricing in a banking context and related key concepts (e.g., components of the capital stack, Cost of Funds)

Experience with Essbase/FAST, Dodeca, EPM, QRM, or related models and management reporting tools

Ability to work independently, identify concerns, and appropriately challenge as needed

Strong written and verbal communication skills

Advanced analytical skills, particularly around financial results, variances, and drivers

Knowledge of and working ability with the MS Office suite including Excel and PowerPoint

Ability to query, manipulate, and analyze financial data using Microsoft Excel

Treasury/funding/asset liability management or financial performance analysis experience in either a direct or support capacity

Knowledge of Wells Fargo’s Capital Allocations and Funds Transfer Pricing framework, principles, and mechanics

Knowledge of SR 16-3 requirements

Familiarity with the range and complexity of Wells Fargo’s businesses and balance sheet

Job Expectations:

Posting Locations: Charlotte, NC; Minneapolis, MN

Preferred location(s) listed above. Other locations within the Wells Fargo footprint may be considered for current Wells Fargo Corporate Risk employees

This position offers a hybrid work schedule

This position is not eligible for Visa sponsorship

Pay RangeReflected 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 - $197,500.00BenefitsWells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs (https://www.wellsfargojobs.com/en/life-at-wells-fargo/benefits) 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:1 Dec 2024 Job posting may come down early due to volume of applicants.We Value DiversityAt 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 DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo (https://www.wellsfargojobs.com/en/diversity/disability-inclusion/) .Drug and Alcohol PolicyWells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy (https://www.wellsfargojobs.com/en/wells-fargo-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.Req Number: R-418944