Business Initiatives Cnsltnt 3

  • Company: Wells Fargo
  • Location: Charlotte, North Carolina
  • Posted: September 08, 2017
  • Reference ID: 5354527-1
Job Description

The Corporate Credit & Market Risk group is responsible for independently overseeing the management of credit risk exposures (including monitoring and reporting on aggregate credit exposures across groups, legal entities, geographies, and jurisdictions) and the quality of credit risk management practices across the company. This oversight extends to all phases of a loan’s life cycle, including origination, underwriting, risk analysis, approval, documentation, boarding, monitoring, loss recognition, modification, and collection activities. Corporate Credit & Market Risk is responsible for delegating and/or removing credit and investment approval authorities to the lines of business.

More specifically, Corporate Credit & Market Risk develops, maintains and ensures adherence to enterprise-wide credit risk frameworks, policies, and procedures that are aligned with Board-approved risk appetite.

The Enterprise Counterparty Risk Management (ECRM) organization sits within Corporate Credit & Market Risk of which the Business Initiatives and Projects team provides support for each ECRM function, helping management organize, prioritize, document and track progress on a wide range of day-to-day initiatives and discrete projects ranging from short term tactical tasks to longer term strategic goals.

In order to continue supporting ECRM’s goals and to meet regulatory Heightened Expectations a number of opportunities have been created. Each of these positions will support the ongoing program of initiatives within ECRM Risk Oversight, Risk Analytics (RA) or ECRM Analysis and Capital. Positions will involve managing projects within these areas as well as coordinating key project activities with the various business units that have responsibility for the firm’s market and counterparty risk activities. This will include development of risk measures, monitoring and reporting processes, coordination of activities to create policies and procedures and development or modification of technical infrastructure. Knowledge or experience with market risk, risk analytics and/or counterparty risk management at a large financial institution, a working knowledge of the regulatory environment impacting those areas, and familiarity with derivatives, foreign exchange and other traded products will be a benefit.

  • Responsible for leading project teams and managing all activities in a project life-cycle (initiation planning, executing/controlling, and closing) associated with projects that are across multiple departments within a line of business segment and medium risk, scope and complexity
  • Consults with business partners to clarify and define project requirements and business case, including development of a statement of work
  • Develops and revises project plans and budgets, works with users to understand complex problems and focuses on bringing issues to resolution, escalating as necessary to meet timelines
  • Creates and delivers presentations to mid-senior level management on project goals and plans, including progress reports
  • May be responsible for sourcing, negotiating and managing outside vendors
  • May manage a group of projects associated with a specific business function
  • Performs project risk analysis
  • May lead project staff, including training and providing input to performance evaluations
Required Qualifications

  • 8+ years of experience in one or a combination of the following: project management, implementation, or strategic planning

Desired Qualifications

  • A BS/BA degree or higher
  • Advanced Microsoft Office (Outlook, Excel, Word, PowerPoint, LiveMeeting and SharePoint) skills
  • Advanced Microsoft Visio skills
  • Advanced Microsoft Project skills

Other Desired Qualifications
  • Experience with Enterprise Project Management tenets, including the ability to customize use for varying complexities of assigned projects
  • Strong communication skills with the capacity to partner with project sponsors and team members to articulate needs, options, and plans with clarity and within sponsor preferences
  • Capability to contribute to larger team projects in varying capacities, lead work-streams, and ensure project compliance with EPM and the new TPM standards a must
  • Ability to simultaneously work on shorter-term task specific initiatives and longer term project activities; confidence to offer both support and well-reasoned challenge to project activities and ensure appropriate and timely escalation of identified issues
  • Exposure to regulatory frameworks for credit risk and /or traded products
  • Exposure to market risk methodologies (i.e. - VaR, credit capital)
  • Experience with Capital Markets processes and systems
  • Familiarity with risk and trading systems development process and project management
Job Expectations

  • Ability to work additional hours as needed


    All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

    Relevant military experience is considered for veterans and transitioning service men and women.

    Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

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