Lead Business Manager - Front Office Quant COO
Wells Fargo
**About this role:**
Wells Fargo is seeking a Lead Business Manager to fill the role within the Quant COO team. This position will be within the Quant COO Team to support model management for Traded Products Model Development Center (TPMDC) models. The Model Management role is the single point of contact for all communication and coordination for model lifecycle activities.
The applicant will join the Corporate and Investment Banking COO Team to support regulatory and business driven Quantitative & Modeling initiatives. This includes programs such as FRTB, SA-CCR, SA-CVA, Clean PnL, new products, as well as the build out of a new shared risk/valuation infrastructure. We are looking for highly organized and detail-oriented candidates with a solid experience in delivery across business, technology, quant, and control function stakeholders (e.g. Risk, model validation, governance, and finance). This requires strong project management skills and the ability to develop new processes to support delivery as well as BAU after production. Front office business processes will also need to be defined and implemented to ensure efficient controls are in place.
**In this role, you will:**
+ Support delivery of quant-tech initiatives as related to Front office or regulatory driven requirements (e.g. new products, FRTB, CVA/XVA, Clean PnL)
+ Partner with Quant leads on the major initiatives involving cross functional delivery, and ensure dependencies are well understood and actively managed. Particularly risk requirements, validation requirements, and scheduling.
+ Consult with model owners to confirm model requirements and prioritization of model development activities.
+ Develop understanding of overall Quant delivery Body of Work and support prioritization process for those dependencies directly with the businesses
+ Act as the single point of contact for model stakeholders, holding routine meetings to discuss model development and all significant lifecycle events.
+ Coordinate with front office, model governance, model owners, model developers, technology, and risk partners on model change activities.
+ Create, update, and maintain Jira Dashboards to support LOB Model Development
+ Leverage Jira as the primary workflow and process management tool
+ Maintain Jira workflows and generate reports used in Model Forums and lead those forums
+ Produce a model change pipeline and review with model stakeholders and developers (from Jira).
+ Escalate any delays or issues impacting the model development pipeline.
+ Interface with Model Risk Management and Model Governance to ensure all delivery dates are in line with policy requirements.
+ Produce management and committee reporting packages.
+ Execute RCSA controls owned by the Quant COO team
+ Support administrative needs of quant team; e.g. access requests as required
**Required Qualifications:**
+ 5+ years of Business Execution, Implementation, or Strategic Planning experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
**Desired Qualifications:**
+ B.S. in Engineering, math, finance or science fields
+ 5+ years of capital markets experience, including change management experience
+ 5+ years of cash or derivative products experience, specifically, Foreign Exchange and/or Commodities
+ 5+ years Strong understanding and background in delivery of quant and tech initiatives
+ Experience partnering with Front Office or Market Risk technology or business functions, including delivery of models and meeting regulatory requirements for Capital Markets
+ Ability to liaise with wide stakeholder mix, especially in technology and quant teams to focus on efficient deliveries
+ Experience with use of Jira process management platforms
+ SDLC experience, both in Agile and Waterfall
+ Excellent communication, organization and project management skills
+ Innovative and solution-oriented mindset with strong analytical skills with high attention to detail
+ Ability to manage multiple or large complex projects with a focus on resolving issues, risks, scope, dependencies, and assumptions with participants of cross-functional groups
**Pay Range**
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$115,900.00 - $206,100.00
**Benefits**
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs (https://www.wellsfargojobs.com/en/life-at-wells-fargo/benefits) for an overview of the following benefit plans and programs offered to employees.
+ Health benefits
+ 401(k) Plan
+ Paid time off
+ Disability benefits
+ Life insurance, critical illness insurance, and accident insurance
+ Parental leave
+ Critical caregiving leave
+ Discounts and savings
+ Commuter benefits
+ Tuition reimbursement
+ Scholarships for dependent children
+ Adoption reimbursement
**Posting End Date:**
23 Mar 2025
***** **_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.
**Applicants with Disabilities**
To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo (https://www.wellsfargojobs.com/en/diversity/disability-inclusion/) .
**Drug and Alcohol Policy**
Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy (https://www.wellsfargojobs.com/en/wells-fargo-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.
**Req Number:** R-439871
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