About this role:

Enterprise Counterparty Credit Risk Management (ECRM) is seeking a strategic leader, Market Risk Director (Executive Director), to serve as the head of Governance for Counterparty Credit Risk at Wells Fargo. ECRM is part of Market and Counterparty Risk Management (MCRM) and provides independent risk oversight for Wells Fargo’s counterparty credit risk across all lines of businesses, domestic and international. ECRM opines on the strategy and performance of all counterparty activities and provides a companywide view of counterparty credit risk to senior management and the Board of Directors.

The ECRM Head of Governance leadership role is pivotal in shaping, implementing, and overseeing the governance framework for counterparty credit risk across the enterprise. The ideal candidate will be responsible for the comprehensive governance framework, policies, procedures and controls to effectively manage and mitigate risk, while supporting business growth and regulatory compliance.

In this role, you will:

• Manage and lead the development, implementation, and continuous improvement of the counterparty credit risk governance framework and key initiatives in ECRM and MCRM.

• Oversee the design and execution of policies, standards, and procedures to ensure effective risk identification, measurement, monitoring, and reporting.

• Collaborate with business lines, risk management, and key support functions to align governance practices with regulatory requirements and industry best practices.

• Structure, manage and chair relevant risk committees, councils and working groups, providing clear and informed guidance on counterparty credit risk matters.

• Manage the counterparty risk appetite program to ensure metrics and measures align with business strategies and risk tolerance.

• Determine and coordinate counterparty assessments and responses for new business initiatives.

• Maintain oversight of the management and testing of counterparty credit close-out and offboarding events.

• Serve as a key point of contact for internal and external auditors, as well as regulatory agencies, on matters related to counterparty credit risk governance.

• Manage the execution of governance-related controls in accordance with enterprise standards and policies.

• Foster a strong risk culture, providing leadership, mentorship, and training to team members and stakeholders.

Required Qualifications:

• 8+ years of experience in one or a combination of the following: market risk, Capital Markets, trading, or interest rate risk experience or equivalent experience demonstrated through one or a combination of the following: work experience, training, military experience, education

• 4+ years of management or leadership experience

Desired Qualifications:

• Deep knowledge of counterparty credit risk governance and oversight frameworks, regulatory requirements and/or guidance (e.g., OCC, Federal Reserve, Basel), and industry standards, including the BCBS guidelines for counterparty credit risk management.

• Detailed knowledge of counterparty credit risk aspects of traded products across asset classes.

• Familiarity with approaches to counterparty credit risk quantification.

• Proven track record of developing and executing governance structures and risk policies in a complex, matrixed organization.

• Exceptional leadership, communication, and stakeholder management skills, including the ability to present effectively, both in person and in writing.

• Ability to communicate effectively and knowledgably with a range of stakeholders from across the counterparty lifecycle, including front office, operations, legal, and credit underwriters and approvers.

• Experience and comfort in representing the counterparty governance function with internal audit and external regulatory agencies.

• Strong analytical and problem-solving abilities, with keen attention to detail and the ability to synthesize complex information for executive audiences.

• Familiarity with risk and control self-assessment framework at a large financial institution.

• Ability to lead challenging discussions with stakeholders for effective and timely decision making and as appropriate.

Posting Locations:

• 550 S. Tryon Street - Charlotte, North Carolina

• 150 E 42nd St, New York, 150 E 42nd St, New York, NY

Job Expectations:

• Required location(s) listed above. Relocation assistance is not available for this position.

• This position currently offers a hybrid work schedule.

• This position is not eligible for VISA sponsorship.

• This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.

• Specific compliance policies may apply regarding outside activities and/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

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

Posting End Date:

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

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.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

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.