Executive Director

Corporate & Investment Bank RoleCorporate & 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.About this role:The candidate will lead the Market's division within our Structured Product Group (SPG) to work on quarterly Basel submissions, RWA (Risk-Weighted Assets) optimization, capital and returns analyses and the implementation of the Basel III End game rules.This encompasses the following key responsibilities:Oversee the co-ordination with the Markets division's LOBs to obtain the required Basel data across the credit, counterparty and market risk workstreamsReview, execute controls and provide credible challenge to SPG Banking's SSFA and SFA submissionsWork with the deal and the capital oversight teams to review and develop capital efficient structures and to lead initiatives that optimize capitalProduce quarterly reporting and presentations for senior management and provide advice on capital optimization strategiesLead the effort to build out the data and technology requirements to adhere to the Basel III endgame rulesWork with Finance and the COO teams to provide RWA and capital forecasting and to develop various forecasting scenariosBuild out the data infrastructure and reporting for all of the Market's Basel workstreamsPrepare and maintain the required Basel documentationServe as a subject matter expert to SPG Banking's LOBs and deal teams on Basel and capital related topicsServe as the point person for the various Basel oversight teamsManage key Basel initiatives by working with multiple stakeholdersRequired Qualifications:7+ years of Credit Portfolio Consulting experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, educationDesired Qualifications:Experience in evaluating Basel treatment, i.e., Securitization, Wholesale, Counterparty and Markets, FRTBKnowledge of the key drivers that derive the RWA calculationUnderstanding of the Bank's current data infrastructureExperience in reviewing Basel data submissions including SSFA (Simplified Supervisory Formula Approach) and SFA (Supervisory Formula Approach)Experience in working with regulators and relevant internal approval or interpretational groups regarding Basel treatment for new productsExperience originating structured products a plusProven ability to work independently and make decisionsAbility to synthesize complex analytical findings into executive level communicationsProven experience presenting to senior management and regulatorsExperience with governance and oversight requirements for regulatory and risk reportingProficient in Microsoft Office, particularly ExcelJob Expectations: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. Information will be shared about expectations during the recruitment process.Pay Range$159,000.00 - $279,000.00BenefitsHealth benefits401(k) PlanPaid time offDisability benefitsLife insurance, critical illness insurance, and accident insuranceParental leaveCritical caregiving leaveDiscounts and savingsCommuter benefitsTuition reimbursementScholarships for dependent childrenAdoption reimbursement