Executive Director, Cross Product Margin - Product Manager

Wells Fargo Bank•New York, NY

25d•$215,000 - $355,000•Onsite

About The Position

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, Credit Sales & Trading. About this role: Wells Fargo is seeking an Executive Director to join our Product Management team. The Cross Product Margin Owner is key to the development of a markets wide service that will work with various support partners. This role will be working with senior managers, tech partners, attorneys and many other functional areas. In this role, you will: Lead highly complex initiatives for financial, client and risk management within Securities Product Management Identify the origination, modeling, portfolio management and all risk management including compliance and operational risk Lead the strategy and resolution of highly complex initiatives that require an in-depth evaluation Complete work in accordance with all risk management, compliance and business process expectations Provide vision, direction and expertise to more experienced leadership on implementing innovative and significant business solutions Make decisions requiring solid understanding of policies, procedures and compliance requirements Conduct due diligence and portfolio administration as necessary and provide research on relevant industry trends Collaborate and consult 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

Requirements

7+ years of Securities Product Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Ability to travel as needed
Willingness to work on-site in accordance with current office requirements
Ability to work additional hours as needed
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.

Nice To Haves

Experience in margin management and/or collateral management.
Exposure to various jurisdictions and regulatory requirements.
Understanding of house margin process, credit calculations, market risk calculations and cross asset benefits.
Ability to present to senior managers and/or customers.
Product and/or Project Management experience including organizing multi-stakeholder prioritization, planning, scope documentation and articulating requirements including use cases and prototype solutions.
Hands-on experience in Microsoft Office products, technical prowess for prototyping and data analysis
Experience in product delivery covering Equities, Fixed Income, and/or Derivatives asset classes (options, Delta 1 Swaps, Futures.)
Experience with Agile practices and frameworks (e.g., Kanban, Scrum, etc.) and workflow and collaboration tools, such as Confluence, Jira and Jira Align
Ability to quickly understand the current platform and align with future roadmap for the products
Execute product delivery for few key initiatives, building partnerships with support functions including technology, operations, finance, credit, market risk, legal, compliance, and back-office teams
Drive solutions that directly benefit the business revenue, control environment and/or efficiency

Responsibilities

Lead highly complex initiatives for financial, client and risk management within Securities Product Management
Identify the origination, modeling, portfolio management and all risk management including compliance and operational risk
Lead the strategy and resolution of highly complex initiatives that require an in-depth evaluation
Complete work in accordance with all risk management, compliance and business process expectations
Provide vision, direction and expertise to more experienced leadership on implementing innovative and significant business solutions
Make decisions requiring solid understanding of policies, procedures and compliance requirements
Conduct due diligence and portfolio administration as necessary and provide research on relevant industry trends
Collaborate and consult 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