About this role:
Wells Fargo is seeking a Senior Treasury Analyst to support the production of stress testing analytics and reporting on the Wells Fargo consolidated balance sheet for CCAR, Resolution, Recovery, and other regulatory initiatives.
Treasury at Wells Fargo is a dynamic team that is responsible for managing Wells Fargo's balance sheet including capital, liquidity, funding, and interest rate risk management. Treasury seeks to ensure Wells Fargo always maintains sufficient capital and liquidity resources to support growth in the Company's businesses, while also ensuring a satisfactory financial cushion exists to protect against unforeseen stresses in the economic environment or the Company's operations. Treasury also provides regulators, senior leaders, and the Board of Directors with key information to support risk management, financial performance management, and strategic planning.
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Balance Sheet and Interest Rate Risk (BSIRRM) Group performs quantitative analysis of the balance sheet behavior and has primary responsibility to measure interest rate risk (IRR) and design corresponding risk mitigation strategies. Team members oversee the IRR simulation models, provide management with insight concerning changes that they see in the risk profile, and contribute to the generation of risk management strategies.
In this role, you will:
- Produce balance sheet forecasts under a variety of stress scenarios, including for CCAR, Resolution, Recovery, and interim stress testing activities
- Monitor and evaluate global market conditions, funding requirements, asset and liability management, liquidity risk management, capital management, financial performance management, capital, and related activities to support comprehensive balance sheet forecasts under a variety of scenarios
- Engage across BSIRRM and key stakeholder groups to generate ad hoc analyses supporting strategy decisions and other key regulatory deliverables
- Ensure data quality and establish controlled processes
- Execute highly-controlled processes including through execution of control infrastructure, model policies and usage, appropriate documentation, and interfacing with second and third line of defense teams to support effective challenge and audit responsibilities
- Lead targeted projects, including engaging in the transformation and efficiency objectives to enhance key processes, tools, and hand-offs. Collaborate and consult with peers, colleagues and managers to resolve issues and achieve group goals.
- Make recommendations to more experienced group members and management
- Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements
- 4+ years of Treasury experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Experience with the execution of financial forecasting activities in a variety of scenarios, including stress scenarios
- Demonstrated understanding of financial institution balance sheet construction, key risk areas, and financial forecasting
- Experience with Excel, Essbase, PowerBI, and third-party systems, including QRM
- Experience executing financial analytics processes with high governance expectations, including transformational change in key processes, efficiency efforts, and leading cross-functional deliverable execution
- Significant attention to detail, exceptional written and verbal communication skills
- Understanding of risk management and application at a financial institution, such a model risk management, process and control architecture, operational risk management, financial risk management, etc
19 Nov 2024
*Job posting may come down early due to volume of applicants.
We Value Diversity
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
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.
Candidates applying to job openings posted in US: 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.
Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.
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.