About this role:Wells Fargo is seeking a Treasury Analyst to join the BSIRRM product strategy and analytics team. This position will work in partnership with line of business finance teams to complete balance sheet and Net Interest Income (NII) forecast for the assigned products.
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.
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:- Monitor and evaluate global market conditions, asset liability and liquidity risk management
- Understand the balance sheet and net interest income models used within BSIRRM including specific aspects related to commercial loans and trading portfolios
- Analyze the interest rate risk associated with the commercial lending and trading activities
- Compile reports pertaining to model analytics and performance metrics
- Identify and recommend opportunities for process and model improvement and risk control development
- Support the BSIRRM team with model management and product strategy efforts
- Receive direction from leaders and exercise independent judgment while developing the knowledge to understand function, policies, procedures, and compliance requirements
- Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
- Collaborate with Internal Audit, Corporate Risk Management and Model Governance teams
- Make decisions and resolve issues to meet business objectives
- Interpret policies, procedures, and compliance requirements
- Interact with internal customers
- Plan and set policies and guidelines for managing global treasury activities including funding, liquidity risk management, asset and liability management, capital management, financial performance management, and related activities
- Provide overall advisory on treasury finance risk
Required Qualifications:- 2+ years of Treasury experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:- Knowledge and understanding of financial analysis, forecasting, and analyzing interest income and balance sheet behavior
- Knowledge of financial institution balance sheet, product offerings, and financial risk management
- Understanding of asset liability management and interest rate risk management concepts
- Ability to effectively communicate to a broad range of audiences
- Ability to work in a team-based environment, prioritize tasks, learn quickly, provide superior customer service, and take on new challenges
- Experience with financial models especially in areas of documentation and governance
- Demonstrated effective verbal, written, and interpersonal communication skills.
- Knowledge and understanding of database querying and creating ad hoc reporting results using SQL, PowerBI, Alteryx, or similar querying methods or tools
Posting End Date: 6 Nov 2024
*Job posting may come down early due to volume of applicants. We Value DiversityAt 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 DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol PolicyWells 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.
