Commercial Banking - Financial Planning & Analysis Leader

Company: Wells Fargo
Location: Charlotte
Posted on: September 17, 2020

Job Description:

ALERT - To ensure we continue to fulfill our role as a provider of vital services to the public, we are still hiring and continue to recruit top talent to Wells Fargo. However, we have adjusted our hiring practices due to the COVID-19 situation and the related social distancing guidelines. As a result, throughout your application process, you may be asked to connect with us virtually. We encourage you to check our job postings regularly for updates and additions.

Learn what Wells Fargo is doing during the COVID-19 crisis to support our employees and protect our customers through enhanced cleaning, social distancing in bank branches, remote work arrangements, benefit changes, and more.

Commercial Banking - Financial Planning & Analysis Leader Job Description

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $2 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investments, mortgage, and consumer and commercial finance through more than 8,300 locations, 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 42 countries and territories to support customers who conduct business in the global economy. With approximately 263,000 team members, Wells Fargo serves one in three households in the United States.

Commercial Banking Finance

The Commercial Banking Finance Team directly supports the Commercial Banking businesses and staff support functions including:

Middle Market Banking – Provides the complete range of commercial banking productions for the Company’s middle market, business banking and Government and other specialty customers

Wells Fargo Commercial Capital – Includes a collection of largely asset-based lending businesses including Secured Lending and Leasing, Distribution Finance, Global Receivables and Trade Finance, Specialty Finance, Strategic Capital and Renewable Energy & Environmental Finance.

Treasury Management and Payment Services – Provides Treasury Management and Payment Services products across the Company, with primary focus on Commercial Banking and CIB customers.

CB Chief Admin Officer – Provides centralized Administrative support across the platform including Strategy,

CB Chief Operations Officer – Provides centralized Operations support across Commercial Banking

Commercial Banking Control – Performs first-line of defense Control and Governance activities across Commercial Banking

The teams are responsible for:

Supporting LOB leadership from a finance perspective, including providing consultative financial support and business analytics to enable business strategy, activities and initiatives;

Ownership and analysis of financial projections, actual period-end results, and other required LOB financial submissions;

Governance and oversight over the LOB’s management and legal entity reporting;

Risk management and stewardship of sound financial and operational internal controls and processes;

Financial oversight of product pricing, customer profitability, Investor Relations support materials and any significant in-business financial analysis used to support business decision making.

Cost and expense management, including financial oversight of project investments, compensation models and Efficiency & Effectiveness program reporting

Establishing strong partnerships with Enterprise Finance COE’s and other business partners, including Controllers, Treasury, Risk, HR, Legal, etc.;

Maintaining a team characterized by deep functional and technical subject matter expertise, and a team culture consistent with the Company’s Vision and Values.

Role Description

The Commercial Banking FP&A Leader will report to the Commercial Banking CFO, Joe Kauder (Interim), and be responsible for leading an experienced team of finance professionals providing centralized FP&A support to the Commercial Banking CEO, Businesses and Staff Functions. In addition, this individual will be expected to take a leadership position in working with the Enterprise Finance FP&A Team to help plan, coordinate and optimize the FP&A support across the Company.

The executive will lead the Commercial Banking FP&A Team to:

Deliver world class service and execute on all required deliverables and objectives.

Develop and enhance business and product analytics and metrics to support business strategies and decision making to drive improved financial outcomes

Lead the Commercial Banking Planning and Forecasting process, including the completion of the Annual Financial Plan, the quarterly nine-quarter forecast updates, and the monthly estimates. Partner with forecasting COEs as necessary to optimize the forecasting process and drive improved outcomes.

Lead the Commercial Banking CCAR and Resolution Planning process, including all necessary incremental scenario forecasting, Risk Assessments, Resolution plans, and other deliverables as necessary.

Lead the Commercial Banking Management Reporting process, including leading the monthly, quarterly and annual close processes. Coordinate changes to the CB Management Reporting hierarchy, required adjustments, necessary accruals and error corrections.

Lead the preparation of the monthly CEO Business Review materials and any other standard business reporting deliverables across Commercial Banking. Also lead the coordination and preparation of ad hoc business reporting as necessary.

Lead the preparation of the Commercial Banking Quarterly Earnings materials and any other ad hoc Investor relations materials.

Provide financial advice and guidance for the LOB’s strategic plan as well as other long-range line of business level plans.

Build relationships and partner closely with Commercial Banking senior leaders and other Corporate Finance and other Staff Group senior leaders and partners as necessary to drive results and execute on deliverables.

Coordinate miscellaneous other deliverables as necessary, including model governance, Issue Management, BCP Planning, etc…

Work with Auditors and Regulators as necessary.

Outstanding leadership skills and the proven ability to foster a culture of strong consultation, sound controls, and continuous improvement will be determining factors in selection. This executive will be recognized for accomplishments related to hiring, retaining, and developing a diverse, world-class team. Successful candidates will be articulate and possess a demonstrated leadership capability; they will have strong inter-personal effectiveness. A key differentiator will be the ability to understand and operate successfully in a complex, heavily matrixed environment. The role requires a sense of urgency, passion for results, and personal accountability for achievement. Successful candidates will also have proven record of successfully building and leading teams through change in difficult environments. Finally, successful candidates will have financial experience working with commercial banking transactions, business operations and risk and balance sheet management issues.

Locations: San Francisco, CA or Charlotte, NC preferred. Other WF Hubs may be considered.

Required Qualifications

8+ years of management experience

12+ years of experience in one or a combination of the following: finance, accounting, treasury, analytics, reporting

Other Desired Qualifications

7+ years of experience as a senior finance and/or accounting leader working in a large bank environment.

3+ years managing a team of managers ideally including commercial banking teams.

Experience in developing financial projections and establishing financial goals.

Experience with cost benefit analysis on projects/initiatives.

Strong knowledge of financial products as well as the connections between the balance sheet, non-interest income, the underlying business drivers and revenue composition.

A leader who operates with a collaborative management style, is execution-focused, and results oriented.

Proven ability to attract, develop, and retain a highly engaged, high performing, and diverse team.

Demonstrated ability to influence and lead change, develop innovative solutions, build effective partnerships, and manage cross-functional projects in a matrixed organization.

Excellent oral and written communication skills, with proven ability to coherently present complex financial topics tailored to audiences of varying seniority and functions in order to create understanding and influence decisions.

A Master’s degree or higher in finance, business, or a quantitative discipline

Disclaimer

All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

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Wells Fargo is committed to hiring and retaining diverse team members including Military Veterans, Veterans with disabilities, and transitioning Military personnel. We are working to increase diverse representation throughout the company and create an inclusive environment for all team members. When recruiting, we work with talent resources that focus on diversity and Veterans. We attend Veteran-focused job fairs and identify Military Veteran job seekers through resources like Military.com, Recruit Military.com, Hire Vets First, our internal Veterans’ Team Member Network and others. We invite you to use our Military Skills Translator to search for career opportunities here at Wells Fargo that match your military skills and experience.

Relevant military experience is considered for veterans and transitioning service men and women. Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Keywords: Wells Fargo, Charlotte , Commercial Banking - Financial Planning & Analysis Leader, Other , Charlotte, North Carolina