Lead Financial Risk Officer Capital Allocations and Funds Transfer Pricing Oversight

Wells Fargo • Charlotte, NC

415d • $111,100 - $197,500

About The Position

Wells Fargo is seeking a Lead Financial Risk Officer to contribute to the capital adequacy oversight responsibilities of Finance Risk Management (FRM). This role is part of the Financial Forecast and Performance Management Oversight (FFPMO) team, focusing on Capital Allocations and Funds Transfer Pricing (CAFTP). The Lead Financial Risk Officer will perform independent analysis, lead financial forecast oversight efforts, prepare reporting for senior management, and ensure compliance with regulatory requirements.

Requirements

• 5+ years of Financial Risk experience, or equivalent demonstrated through work experience, training, military experience, or education.
• 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.
• 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.
• 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.

Nice To Haves

• Experience in a direct or support capacity related to financial performance analysis.
• Familiarity with regulatory compliance and risk management frameworks.

Responsibilities

• Perform independent analysis and credible challenge of capital allocations, including annual line-of-business static targets set by Treasury.
• Lead financial forecast oversight efforts related to the balance sheet and NII, including monitoring, analysis, and research related to forecast drivers, trends, risks, and opportunities.
• Prepare reporting describing the results of oversight activities, new and/or emerging risks, and recommendations made to senior management.
• Conduct FFPMO's assessment of the CAFTP Annual Review performed by Capital Management to ensure methodologies and assumptions are updated.
• Conduct FFPMO's annual independent SR 16-3 compliance assessment and prepare related reporting.
• Serve as liaison to Model Risk Management on CAFTP-related models, providing input on model use, performance, and reviews/validations.
• 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.

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

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree