The mission of the GPS Payment & Liquidity Risk Management team is to ensure that our payment process operates in a reliable manner, risks are controlled and high quality operating deposits are attracted. The team works closely with GPS Technical Sales & Payment Strategy, GFI Relationship Managers, GFI Loan Team Manager, GFI Compliance & Operations Risk Management, IG Credit and Enterprise Treasury.
Reporting to the Global Head of GPS Payments & Liquidity Risk Management the EMEA GPS Risk & Liquidity Associate will be responsible for the following areas:
Payment risks for our EMEA products; covering the internal environment (systems, operations, policies, controls and procedures)
Interface with EMEA treasury and EMEA risk teams on behalf of GPS
Payment monitoring and release for USD and MCCY payments during the European business day
Setting up a monitoring process of time critical payments in support of our role as a Protected Payment Services (PPS) Bank
Conduct operational risk assessments in partnership with the Global GPS Risk team, GFICOR, product management as well as enterprise wide operational risk groups
Lead remediation activities as well as process documentation and reengineering efforts of relevant business processes.
Understanding our customer's payment profiles, liquidity needs and urgent payment requirements will be key to the success of GPS efforts to manage our customers operating accounts and continue to grow our business. Participation in customer meetings, seminars and deal teams are an integral part of the role. Changing market and regulatory conditions in Europe will require the EMEA GPS Risk & Liquidity Manager GPS to participate in regional initiatives such as BREXIT.
Market Skills and Certifications
The successful candidate will be have strong executional skills and be able to collaborate across the organization, coordinate, and partner with multiple business partners including; Sales, Relationship Management, Foreign Exchange, Global Banking, Marketing, Technology, Operations, Customer Care, Implementation, Compliance, Risk, and Legal.
Previous experience in a risk management function
Previous experience in wholesale transaction banking, product or operations management
A BS/BA degree or higher
Excellent verbal, written, and interpersonal communication skills
Knowledge and understanding of banking regulations
Experience in Business Process Management and process documentation
Prior experience in interacting with financial institution customers
Proficient in the use of analytical tools such as spreadsheets, BI tools and databases to conduct analyses
Willingness to represent WF in industry forums
Willingness to use production systems
Experience in liquidity or treasury management
Experience working in matrixed organizations where collaborative partnerships and influencing skills are required
Expertise and experience in the creation and delivery of presentations for senior management
Analytical capabilities to identify root cause issues/improvement opportunities, and designing approaches and programs to improve the Liquidity and Risk Management process for GFI/GPS
Some travel required
Wells Fargo team members 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. As a Wells Fargo team member, you 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.