Vice President, XVA Front Office Quant Lead Business Manager

Wells Fargo & Company•New York, NY

1d•Onsite

About The Position

Wells Fargo is seeking a Lead Business Execution Consultant, Vice President, XVA Front Office Quant Lead Business Manager, to fill the role within the Quant COO team. This position will be within the Quant COO Team to support model management for Traded Products Model Development Center (TPMDC) models. The Model Management role is the single point of contact for all communication and coordination for model lifecycle activities. The applicant will join the Corporate and Investment Banking COO Team to support regulatory and business driven Quantitative & Modeling initiatives. This includes programs such as FRTB, SA-CCR, SA-CVA, Clean PnL, new products, as well as the build out of a new shared risk/valuation infrastructure. We are looking for highly organized and detail-oriented candidates with a solid experience in delivery across business, technology, quant, and control function stakeholders (e.g. Risk, model validation, governance, and finance). This requires strong project management skills and the ability to develop new processes to support delivery as well as BAU after production. Front office business processes will also need to be defined and implemented to ensure efficient controls are in place.

Requirements

5+ years of Business Execution, Implementation, or Strategic Planning experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Nice To Haves

B.S. in Engineering, math, finance or science fields
5+ years of capital markets experience, including change management experience
5+ years of cash or derivative products experience, specifically valuation of OTC derivatives across asset classes
5+ years strong understanding and background in delivery of quant and tech initiatives
Experience partnering with Front Office or Market Risk technology or business functions, including delivery of models and meeting regulatory requirements for Capital Markets
Ability to liaise with wide stakeholder mix, especially in technology and quant teams to focus on efficient deliveries
Experience with use of Jira process management platforms
SDLC experience, both in Agile and Waterfall
Excellent communication, organization and project management skills
Innovative and solution-oriented mindset with strong analytical skills with high attention to detail
Ability to manage multiple or large complex projects with a focus on resolving issues, risks, scope, dependencies, and assumptions with participants of cross-functional groups

Responsibilities

Support delivery of quant-tech initiatives as related to Front office or regulatory driven requirements (e.g. new products, FRTB, CVA/XVA, Clean PnL)
Partner with Quant leads on the major initiatives involving cross functional delivery, and ensure dependencies are well understood and actively managed. Particularly risk requirements, validation requirements, and scheduling.
Consult with model owners to confirm model requirements and prioritization of model development activities.
Develop understanding of overall Quant delivery Body of Work and support prioritization process for those dependencies directly with the businesses
Act as the single point of contact for model stakeholders, holding routine meetings to discuss model development and all significant lifecycle events.
Coordinate with front office, model governance, model owners, model developers, technology, and risk partners on model change activities.
Create, update, and maintain Jira Dashboards to support LOB Model Development
Leverage Jira as the primary workflow and process management tool
Maintain Jira workflows and generate reports used in Model Forums and lead those forums
Produce a model change pipeline and review with model stakeholders and developers (from Jira).
Escalate any delays or issues impacting the model development pipeline.
Interface with Model Risk Management and Model Governance to ensure all delivery dates are in line with policy requirements.
Produce management and committee reporting packages.
Execute RCSA controls owned by the Quant COO team
Support administrative needs of quant team; e.g. access requests as required