Global Head of Country Risk

4 weeks ago

London, UK, United Kingdom Wells Fargo Full time
About this role:

The Global Head of Country Risk is responsible for overseeing management of Wells Fargo's country risk, which is the risk resulting from economic, political or social conditions and events in a non-US country negatively impact the bank's financial condition or resilience. This is a senior role with responsibility for all aspects of country risk, requiring strong team leadership, proactive engagement with senior management, and ability to identify key emerging risks and proactively communicate these risks to key internal stakeholders.

In this role, you will:
  • Have overall responsibility for Wells Fargo's country risk framework, including responsibility for country risk policies, procedures and rating methodology.
  • Responsibility for managing the team that provides country risk ratings for all geographies where Wells Fargo has exposure, including monitoring and assessing all key macroeconomic and political developments outside of the U.S., and flagging emerging risks to key internal stakeholders in a timely and insightful manner.
  • Responsibility for Risk Boundary methodology, including discussion with relevant internal stakeholders across the business to ensure boundaries reflect both risk appetite and business strategy.
  • Regulatory engagement across all aspects of country risk, leading conversations with US regulators in particular around key emerging economic and political risks, as well as outlining rationale behind material changes in non-US exposures.
  • Ensure country risk aligns with Wells Fargo's robust risk and control environment, including regular interaction with key control partners, and operational and compliance teams.
Required Qualifications:
  • Extensive Country/Sovereign risk experience at a leading financial institution, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
  • Experience of team management, ideally across multiple geographies.
  • Experience with developing quantitate models for estimating probabilities of country/sovereign risk credit events.
  • Experience of communicating complex issues to senior level management.
  • Academic qualification (Masters degree or above) in macroeconomics preferred.
  • Experience in Credit Risk, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Job Expectations:
  • Take direct accountability for the country risk assessment process, including ensuring country risk methodology is best-in-class and fit for purpose, timely and accurate assessment all countries ratings, and flagging key emerging macroeconomic and/or political risks to key internal stakeholders.
  • Develop and maintain strong relationships with key internal stakeholders, to ensure that country risks are clearly understood among senior management, and that the bank's approach to country risk is an appropriate reflection of the bank's risk appetite and international strategy.
  • Develop team performance to ensure a high level of engagement and inclusion, focusing on team member career development and team profile within the bank.
  • Take ultimate responsibility for ensuring that the country risk framework aligns to Wells Fargo's risk and control environment.
Posting End Date:
10 Sep 2024
*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.

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 Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .

Drug and Alcohol Policy

Wells 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.

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