Treasury Executive Head of Capital Management and Treasury

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About this role:

Head of Capital Management

The Head of Capital Management reports to the Treasurer and is responsible for the ongoing evaluation of capital adequacy, capital forecasting and planning, resolution & recovery planning for capital, legal entity capital management, advocacy efforts on capital matters and capital stress testing which includes the Company's annual CCAR submission. Additional responsibilities include management of the Company's capital allocation and funds transfer pricing (FTP) frameworks.

Key Responsibilities:

Ensure the Company's capital position, targets, and risk appetite meet regulatory requirements and consider the impacts of business priorities.

Continue to advance the capital assessment framework to evaluate capital requirements at the segment and product level as a result of the stress capital buffer (SCB); determine appropriate implications for segment capital allocations.

Maintain high quality planning and regulatory reporting activities, including the annual Comprehensive Capital Analysis and Review (CCAR) process, and Capital Recovery and Resolution planning in a manner that achieves both financial risk management and return of capital objectives in the most efficient manner possible.

Engage with key partners to drive advocacy on regulatory capital matters while ensuring the Company is prepared for upcoming regulatory changes.

Manage the Company's performance measurement framework (capital allocations and funds transfer pricing), as well as proactively engage with the various line of business and finance teams to advance the use of the framework in various tools and profitability assessments.

The Candidate:

This leader will manage a team with approximately 23 team members. Leadership and credibility will be key determining factors in selection. Successful candidates will be excellent communicators and possess a demonstrated leadership capability; they will have strong inter-personal effectiveness. The role requires a sense of urgency, passion for results, and personal accountability. Strong analytical skills and broad finance knowledge will also be particularly important.

In this role, you will:

Manage a team of traders who are responsible for the execution of short term wholesale funding

Ensure that adequate balances are maintained in each Banks Federal account

Establish relationships with brokers, dealers and market makers for bank and corporate debt

Be responsible for cash forecasting for the Banks to identify required changes in strategy and to plan daily activity

Consult with business lines regarding products and funding

Identify strategies that mitigate liquidity risk

Interpret policies, procedures, and compliance requirements

Collaborate and influence all levels of professionals including leaders

Partner with business lines to identify strategies that mitigate liquidity risk

Lead team to achieve objectives

Manage allocation of people and financial resources for Treasury

Develop and guide a culture of talent development to meet business objectives and strategy

Required Qualifications, US:

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:

Working knowledge of regulatory stress testing (CCAR) and capital rules; experience in bank regulatory matters.

Exceptional communication skills, both verbal and written; effective in communication across a variety of audiences and stakeholders, including executive management.

Experience interacting with various regulatory agencies.

Experience developing Sr Executive Management and Board of Director level materials from detailed analysis.

Very detail oriented; ability to translate strategy into actionable steps across direct and indirect teams.

Strong leadership skills with proven ability to influence and lead change.

Proven ability to manage highly complex, enterprise-wide processes in an organization of similar size and scale to Wells Fargo.

BS in Finance, Accounting or another quantitative field. MBA/ CFA/ CPA preferred.

We Value Diversity

At Wells Fargo, we believe in diversity 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, or national origin.

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.

Company: Wells Fargo

Req Number: R-106906

Updated: 2022-01-11 12:37:59.091 UTC

Location: Charlotte,North Carolina

Company info

Wells Fargo
Website : https://www.wellsfargo.com/