Director and Deputy Supervisory Team Lead – Wells Fargo Dedicated Supervisory Team

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Executive
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262231 Requisition #

Are you a top-tier leader with a proven background in bank supervision? We have an opening for a Director on the Wells Fargo Dedicated Supervisory Team. This position will be responsible for the development and execution of a supervisory strategy for assessing Wells Fargo & Company’s ("WFC”) governance and controls as well as leading and supporting the growth and success of team members.  You will also serve as Deputy to the Supervisory Team Lead.


Organizational Background:

This role is part of the Financial Institution Supervision and Credit (“FISC”) organization which supervises and regulates financial institutions in the Twelfth District. FISC is responsible for monitoring and assessing the safety and soundness of operations of foreign banking organizations and domestic banking institutions, including WFC.

You will also engage with the Large Institution Supervision Coordinating Committee (“LISCC”). This national program is responsible for the development and execution of an effective continuous risk-focused supervisory program for the most complex financial institutions which includes WFC. As part of the WFC Dedicated Supervisory Team (DST), you will collaborate with other LISCC program colleagues to understand and assess the firm’s risk profile, risk management and controls, governance, and strategy with the expressed goal of identifying institutional-specific and systemic areas of concern. LISCC’s primary objective is to maintain safe and sound U.S. and global banking systems.


Key Responsibilities:

Leadership and Management
  • Lead and develop a team of supervisors by providing effective mentoring, coaching and feedback; and foster a culture that encourages diversity of experience and views.
  • Serve as Deputy to the Supervisory Team Lead, including attending LISCC Deputy forums, assisting the Supervisory Team Lead in ensuring accurate and timely allocation of work across the WFC DST, and serving as back-up to the Supervisory Team Lead as needed.
  • Communicate a clear and multi-year vision for assessing WFC’s Governance and Controls (G&C)  that is compelling, widely supported, and effectively implemented.
  • Ensure a team culture that supports collaboration with all key stakeholders (i.e., colleagues from the WFC DST, FISC, LISCC programs, and other regulators).
  • Contribute to cross-firm G&C perspectives by collaborating with peers and report key insights to senior stakeholders, as appropriate.

Supervisory Responsibilities and Examination Management:

  • Lead the development of the annual supervisory assessment for the G&C rating in concert with your colleagues and key stakeholders.
  • Support, plan and/or lead the team in conducting the work relevant to Independent Risk Management and Internal Controls, a key component of the LISCC G&C program. This includes collaborating with your colleagues to determine and execute work to be performed at WFC in Internal Audit, Compliance, and Operational Risk Management, including Information Technology and Information Security.
  • Work with your team and other colleagues to plan, execute and/or oversee front-to-back business line reviews, which entail evaluating the effectiveness of the risk management and internal control practices in both front-line and independent risk management, as well as components of Internal Audit.
  • Work with your colleagues to help plan firm-specific reviews of “Board Effectiveness.”
    Work with the WFC DST Recovery & Resolution Planning Lead to contribute, as needed, to the review of resolution and/or recovery plans.
  • Coordinate and ensure follow-up on supervisory actions (e.g., MRAs, MRIAs, or Enforcement Actions) as necessary.
  • Deliver timely and effective supervisory messages to key internal and external stakeholders, including WFC senior management.

Qualifications:

  • Be a U.S. Citizen, U.S. National, or hold a permanent resident/green card with intent to become a U.S. Citizen required.
  • Ideal candidates should demonstrate strong leadership, analytical, communication, collaboration and organization skills.
  • Supervisory and or industry expertise related to governance and/or controls, experience in risk management of financial institutions, or experience in operations, compliance or internal audit related to the financial sector.
    Direct experience as an Examiner in Charge (EIC).
  • 10+ years of supervisory and/or industry experience.
  • Bachelor or Master’s Degree in relevant field, relevant professional certifications (e.g., FRM, CFA, CPA) beneficial but not required, Examiner Commission or eventual attainment expected.
The Federal Reserve Bank of San Francisco seeks to be the most admired and highly respected public institution, known for our public service, integrity, performance, ingenuity and respect. We believe in the diversity of our people, ideas, and experiences and are committed to building an inclusive culture that is representative of the communities we serve.

The Federal Reserve Bank of San Francisco is an Equal Opportunity Employer.

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