Head Of Corporate & Investment Banking Innovation

About this role:Corporate & Investment Banking (CIB) delivers a comprehensive suite of capital markets, banking, and financial products and services. A trusted partner to our clients, we provide corporate and transactional banking; commercial real estate lending and servicing; Investment Banking; equity; and fixed income solutions including sales, trading, and research capabilities to corporate, commercial real estate, government, and institutional clients across the globe.The Strategy and Innovation team is part of both the CIB COO organization and the firm’s overall Strategy, Digital and Innovation team. This positioning means the team is embedded within the business unit while also connected at the corporate level with the overall strategy and innovation efforts that span Wells Fargo. The team operates as an integral part of the business footprint across four units: Investment Banking (corporate banking, advisory and capital markets), Commercial Real Estate (lending and capital markets), Markets (equities and fixed income), and International (the non US business in EMEA and APAC). The Head of CIB Innovation will be responsible for spearheading the innovation efforts across CIB in partnership with a wide group of stakeholders in CIB and more broadly across WF. Innovation for the purposes of this role is being defined as technology that leverages emerging tools such as Generative AI, Asset Tokenization, and Big Data. The role will report to the Head of Strategy & Innovation and will be responsible for the following:
In this role, you will:

• Generate ideas in partnership with the businesses that can harness the potential of these technologies for 1) productivity enhancements, 2) improved client offerings, 3) reduced risk/control issues, and 4) disruptive business model opportunities
• Lead the Innovation Working Group which will govern the overall book of work, facilitate stakeholder engagement across Innovation SMEs and the businesses inside CIB, and oversee the advancement of priority projects to ensure they move ahead
• Source competitor and industry analysis to ensure CIB remains current with market movement in this space; capture regulatory requirements and emerging themes to inform the book of work
• Prioritize the Innovation book of work for CIB by running processes that assess the various use cases against an agreed set of criteria; work then to ensure each of these use cases is shared more broadly across CIB
• Interface with all key Enterprise functions for the book of work; ensure dependencies are planned for (e.g., licenses, infrastructure requirements) and that blockers are removed
• Serve as Executive Sponsor for official programs where appropriate
• Leverage Human Centered Design process to develop ideas in a robust manner that will increase likelihood of adoption and success
• Collaborate with the Change Team to integrate innovation projects into the investment process
• Collaborate with Data Management to identify sources of data, leverage new data tooling, and ensure governance requirements are met
• Maintain the ROI for all projects, tracking the revenue/savings, resource mix and cost profile of each program

Required Qualifications:

• 7+ years of Strategy and Planning experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• Understanding of Banking, Lending and Securities products at a level that facilitates idea generation
• Experience in innovative technology and specifically in developing and implementing solutions that use these technologies (but not necessarily coding)
• Understanding of current regulatory dynamics and experience in an area impacted by emerging regulations
• Ability to lead a cross functional/multi disciplinary team towards clear outcomes
• Experience with design thinking processes
• Experience in the product management and development process
• Experience working across a large institution and complex shareholder maps
• Experience presenting complex ideas to business leaders
• Ability to lead a small team but also produce work directly

Pay Range

$120,400.00 - $287,600.00

Benefits

Wells Fargo provides all eligible full- and part-time employees with a comprehensive set of benefits designed to protect their physical and financial health and to help them make the most of their financial future. Visit Benefits - Wells Fargo Careers for an overview of the following benefit plans and programs offered to employees.

• 401(k) Plan
• Paid Time Off
• Parental Leave
• Critical Caregiving Leave
• Discounts and Savings
• Health Benefits
• Commuter Benefits
• Tuition Reimbursement
• Scholarships for dependent children
• Adoption Reimbursement

Posting End Date:

30 Apr 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.

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.

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