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Senior Liquidity Risk SME - Deposits & Debt

Company: Wells Fargo
Location: Chandler
Posted on: November 22, 2022

Job Description:

About this role: Wells Fargo is seeking a Senior Liquidity Risk Subject Matter Expert - Deposits and Debt. Wells Fargo places a high reliance on deposits as a stable source of funding and it represents the largest source of funding to the Company. For these reasons, this role is critical in providing timely information to senior leadership and serving as a trusted advisor to the business groups on everything from pricing guidance for deposits, expected behavior during stress and regulatory treatment for deposits. A large component of this team's responsibilities is running the Company's deposits and debt positions through various stress tests, some completed as often as daily. In this role, you will:

  • Providing complex financial analysis and research in support of management decision-making for consolidated liquidity planning primarily related to the firm's Deposits and Debt.
  • Developing deep relationships with the business groups which manage the Company's deposit portfolios to engage in optimizing the various deposit portfolios and serving as the subject matter expert in regards to liquidity regulations and stress testing methodologies.
  • Identifying and implementing solutions related to complex liquidity issues and contribute to on-going strategic decisions within Treasury and company-wide.
  • Execute stress tests of the Company's Deposits which can cover idiosyncratic, systematic or other stress factors. The stress tests include Internal Liquidity Stress Testing, Resolution and Recovery Planning, Liquidity Coverage Ratio and the Net Stable Funding Ratio.
  • Complete thoughtful data and statistical analysis to inform refinement of existing stress testing assumptions and then defending those assumptions to Independent Risk Management.
  • Managing data processes to support compliance with emerging regulations on liquidity management and stress testing.
  • Assist in the aggregation and review of consolidated inputs for the firm's $1.4T deposits and other liability positions to the Federal Reserve via the FR 2052a submission.
  • Preparation of additional ad-hoc analyses/presentations and completing special projects within tight deadlines.
  • Assist in the development, maintenance and execution of Governance & Oversight framework documentation and controls including reconciliation and variance analysis.
  • Assisting in further development of proprietary reporting tools and testing of implementation of improvements/enhancements.
  • Ensure accurate recurring deliverables are completed and compliant with various treasury risk management regulatory requirements
  • Ensure data quality and establish controlled processes
  • Collaborate with Internal Audit, Corporate Risk Management and Model Governance teams as well as outside parties including regulatory agencies, accounting and consulting firms
  • Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals. Required Qualifications, US:
    • 4+ years of Treasury experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education Desired Qualifications:
      • A BS/BA degree or higher in finance, accounting, or economics
      • 4 years of experience working with Deposits and/or Debt at a large financial institution
      • Financial analysis or accounting experience
      • Advanced Microsoft Excel skills
      • Knowledge and understanding of financial analysis, forecasting and analyzing interest income and balance sheet behavior
      • Knowledge and understanding of treasury management industry: asset liability management (ALM), liquidity management, and stress testing
      • Knowledge and understanding of database querying and creating ad hoc reporting results using SQL or similar querying methods
      • Experience with general ledgers and accounting policies
      • Ability to successfully operate in a complex and matrixed environment
      • Strong analytical skills with high attention to detail and accuracy
      • Ability to exercise independent judgment to identify and resolve problems 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, or status as a protected veteran. 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.

Keywords: Wells Fargo, Chandler , Senior Liquidity Risk SME - Deposits & Debt, Accounting, Auditing , Chandler, Arizona

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