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International New Business Initiatives Leader

Employer
Wells Fargo
Location
London, United Kingdom
Salary
Competitive
Closing date
Feb 15, 2023

View more

Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
This role will serve as the Senior Lead for CIB International NBI. The International NBI leader will be primarily responsible for implementing the strategy for NBI risk governance outside of the domestic market, in all countries managed by CIB; the ideal candidate will both oversee the program execution and provide thought leadership to the programme definition. The candidate will have both line management and change the bank responsibilities.

Run the Bank responsibilities:
  • Direct the CIB NBI teams in international regions in their execution of the NBI programme
  • Lead the delivery of the CIB NBI programme to the international regions.
  • Advise and assist international Line of Business (LoB) leadership with the delivery of their product initiatives through the NBI governance.
  • Engage senior LoB and functional stakeholders in the product reviews, program enhancement and issue resolution.
  • Provide senior oversight in the execution and escalation of product reviews, as appropriate.
  • Manage International internal reviews and regulatory responses.
  • Manage the coordination between regional and global governance bodies.
  • Identify training opportunities, formulate and deliver the appropriate response.
  • Define and manage a continuous enhancement framework.
  • Act as point-person for second and third line assessment of NBI governance
Change the bank responsibilities:
  • Serve as the lead consultant to help the Program leader (CIB NBI Leader to whom this role has a dual reporting line) to assess and identify transition activities to move the Program into a target state. This includes:
    • Defining and implementing the strategy and operating model for the international governance of new product management, as well as first line compliance with product-related regulations
    • Designing the product workflow for new/modifications, assessment and maintenance activities
  • Ongoing change the bank responsibility to evolve the target operating model in line with the risk management framework.
Required Qualifications
  • Educated to degree level;
  • Extensive experience in New Product Governance, within a first line support function, for an international Investment Bank working with key stakeholders in Credit, Market, Financial Crimes, Operational or Regulatory Compliance
  • Seasoned line manager with a track record of developing talent
  • Working knowledge of markets and banking products
  • Operational experience, including knowledge of front to back controls and systems
  • An extensive and practical understanding of global product-related regulatory obligations is essential
  • Commercial mindset with an ability to apply regulatory expertise in a practical and pragmatic way
  • Ability to develop effective working relationships both internally and externally at all levels
  • An organised, and skilled communicator with strong presentation and interpersonal skills.
  • Ability to effectively consult within a global and highly matrixed organization
  • Knowledge and understanding of operational risk management in the financial services industry.
Job Expectations:

In addition to the responsibilities summarised in your job description, you are also required to comply at all times with the FCA/PRA Conduct Rules:
  • You must act with integrity.
  • You must act with due skill, care and diligence.
  • You must be open and cooperative with the FCA, the PRA and other regulators.
  • You must pay due regard to the interests of customers and treat them fairly.
  • You must observe proper standards of market conduct.
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, age, 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.

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