Vice President, Front Line Transaction Monitoring Product Owner (Equities)

Wells Fargo Bank•New York, NY

10h•$159,000 - $305,000•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. Equities has an integrated service model supports the trading, financing, liquidity access and market-making needs of institutional investors, corporates, and distributors and covers the full universe of US stocks. Our platform delivers a range of equity and equity-linked products and services. About this role: Wells Fargo is seeking a subject matter expert to build and rollout for transaction monitoring controls; including coordination of global rollout, implementation, calibration and testing of Front Office market abuse/manipulation/control tools to detect and prevent market misconduct. This position needs a strong foundation of knowledge in transactional workflows across equities, as well as an expert-level understanding of surveillance regimes associated with the monitoring of trade flows across both listed and OTC Equity instruments. In this role, you will: Manage global delivery of strategic FLOD surveillance / monitoring platform / tools. Establish a robust surveillance framework for Equity products through implementation of a trade surveillance platform, system controls and escalation framework Review of market making and Automated Client execution activity, to assess monitoring requirements Manage relationship with front office, Implementation team and technology team/data deliverables for Transaction monitoring Provide Market Integrity training to BAU monitoring teams and business Supervisors (e.g. Sales and Trading Desk heads) Establish and build robust Quality Assurance framework for front line monitoring activities In-Depth / Pattern Analysis of specific high-risk alerts across a variety of Equity trading workflows (order driven, RFQ driven, algo trading, etc.) Calibration / Back testing of Surveillance models and scenarios Define requirements and Design next generation surveillance models that can be used by first line Creation of Procedures and System Controls to ensure sustainable controls are documented in line with Wells Fargo’s risk Management Framework Manage Model Calibration process to reduce false positives and calibration process documentation/evidence Engage with peer SMEs and internal resources at all levels and across multiple lines of business/support functions and serve as an experienced advisor to leadership Provide vision, direction, and expertise to leadership for implementing innovative and significant business solutions that are large scale, global and cross organizational.

Requirements

5+ 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 risk management, business controls, or compliance, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Extensive knowledge 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
Significant experience in trade surveillance monitoring systems/model development, design and calibration including in depth understanding of Model design and calibration processes
Experience with TradingHub, FIS, TCM, and Actimize
Experience of working on trading floor in trading, business manager or e-Trading analyst capacity.
Combination of Strong Sense of Business Orientation, Technology and trading system Platform control management capabilities
Significant experience of delivering Trading platforms/controls for large investment banks.
In depth experience in Regulatory Change including, but not limited to, Trade Surveillance & Business controls for MAR and MiFID
Significant experience in FLOD IT Project / Product Management of large-scale global projects
Experience in Algo trading or equivalent experience building Algo transaction monitoring models
In depth quantitative / data analytical skills, with expertise in analytics/database tools (e.g. SQL, R, Python)

Responsibilities

Manage global delivery of strategic FLOD surveillance / monitoring platform / tools.
Establish a robust surveillance framework for Equity products through implementation of a trade surveillance platform, system controls and escalation framework
Review of market making and Automated Client execution activity, to assess monitoring requirements
Manage relationship with front office, Implementation team and technology team/data deliverables for Transaction monitoring
Provide Market Integrity training to BAU monitoring teams and business Supervisors (e.g. Sales and Trading Desk heads)
Establish and build robust Quality Assurance framework for front line monitoring activities
In-Depth / Pattern Analysis of specific high-risk alerts across a variety of Equity trading workflows (order driven, RFQ driven, algo trading, etc.)
Calibration / Back testing of Surveillance models and scenarios
Define requirements and Design next generation surveillance models that can be used by first line
Creation of Procedures and System Controls to ensure sustainable controls are documented in line with Wells Fargo’s risk Management Framework
Manage Model Calibration process to reduce false positives and calibration process documentation/evidence
Engage with peer SMEs and internal resources at all levels and across multiple lines of business/support functions and serve as an experienced advisor to leadership
Provide vision, direction, and expertise to leadership for implementing innovative and significant business solutions that are large scale, global and cross organizational.