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

Wells Fargo Bank•New York, NY

9h•Onsite

About The Position

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 Spread-related products, as well as an expert-level understanding of surveillance regimes associated with the monitoring of trade flows across Credit instruments and related asset classes, inclusive of High Yield and Investment Grade Credit offerings In this role, you will: Manage global delivery of strategic FLOD surveillance / monitoring platform / tools. Establish a robust surveillance framework for Credit and Spread 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 Credit, Muni, and Structured Product trading workflows (order driven, RFQ driven, 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.
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.
Wells Fargo Recruitment and Hiring Requirements: a. Third-Party recordings are prohibited unless authorized by Wells Fargo. b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.

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 Credit and Spread 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 Credit, Muni, and Structured Product trading workflows (order driven, RFQ driven, 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.