Executive Director, Senior Lead Credit Portfolio Consultant - Markets Basel Specialist

Corporate & Investment Bank (CIB) delivers a comprehensive suite of banking, capital markets and advisory solutions, including a full complement of sales, trading and research capabilities, to corporate, government and institutional clients. We focus on our clients' overall financial needs, with consideration and respect for their total relationship with Wells Fargo. Markets provides solutions to clients with the means to manage their exposure through various derivatives, lending and cash products across Structured Products Group, Rates, Equities, Foreign Exchange, Municipal Products Group, and Credit Sales & Trading.

About the role

The candidate will lead the Market's division within our Structured Product Group (SPG) to work on quarterly Basel submissions, RWA (Risk-Weighted Assets) optimization, capital and returns analyses, and the implementation of the Basel III Endgame rules.

Responsibilities

• Oversee the coordination with the Markets division's LOBs to obtain the required Basel data across the credit, counterparty, and market risk workstreams
• Review, execute controls, and provide credible challenge to SPG Banking's SSFA and SFA submissions
• Work with the deal and the capital oversight teams to review and develop capital-efficient structures and to lead initiatives that optimize capital
• Produce quarterly reporting and presentations for senior management and provide advice on capital optimization strategies
• Lead the effort to build out the data and technology requirements to adhere to the Basel III endgame rules
• Work with Finance and the COO teams to provide RWA and capital forecasting and to develop various forecasting scenarios
• Build out the data infrastructure and reporting for all of the Market's Basel workstreams
• Prepare and maintain the required Basel documentation
• Serve as a subject matter expert to SPG Banking's LOBs and deal teams on Basel and capital-related topics
• Serve as the point person for the various Basel oversight teams
• Manage key Basel initiatives by working with multiple stakeholders

Requirements

• 7+ years of Credit Portfolio Consulting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Qualifications

• Experience in evaluating Basel treatment, i.e., Securitization, Wholesale, Counterparty and Markets, FRTB
• Knowledge of the key drivers that derive the RWA calculation
• Understanding of the Bank's current data infrastructure
• Experience in reviewing Basel data submissions including SSFA (Simplified Supervisory Formula Approach) and SFA (Supervisory Formula Approach)
• Experience in working with regulators and relevant internal approval or interpretational groups regarding Basel treatment for new products
• Experience originating structured products (a plus)
• Proven ability to work independently and make decisions
• Ability to synthesize complex analytical findings into executive-level communications
• Proven experience presenting to senior management and regulators
• Experience with governance and oversight requirements for regulatory and risk reporting
• Proficient in Microsoft Office, particularly Excel

Job Expectations

This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire. In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer. Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents. 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.

Pay

$159,000.00 - $279,000.00

Benefits

• 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