About This Role
This Network Manager role supports the oversight and management of cash correspondent banking relationships across Asia Pacific (APAC) and Europe, the Middle East and Africa (EMEA) within Wells Fargo's Network Management (NWM) group. The position involves managing key external provider relationships and associated governance activities, contributing to the third-party risk management program, and representing Network Management with internal partners and at industry events.
Responsibilities
- Represent the Network Management function for the enterprise population of external nostro accounts across APAC and EMEA
- Partner with Treasury to optimise correspondent banking relationships and support liquidity and operational resiliency objectives
- Build effective partnerships across lines of business and support functions, including Risk and Control, Independent Risk Management (IRM) and Legal
- Support the Network Management control and monitoring framework, including maintaining provider databases and documentation and ensuring alignment with relevant market regulations
- Work closely with the Head of International Network Management to deliver regional and global initiatives, including:
- Assessing and updating regional and global policies and procedures as required
- Supporting Corporate and Investment Banking (CIB) Operations initiatives involving external counterparties
- Identifying opportunities to improve efficiency, support cost control and deliver against key Network Management timelines
- Challenging account requests and requirements in line with account rationalisation plans
- Conduct provider service reviews and annual questionnaires and manage Requests for Proposal and Requests for Information to support provider evaluation and selection
- Analyse global payment volumes and associated reporting to support Network Management activities and decision-making
- Support Wells Fargo entities with nostro accounts held at external financial institutions
- Partner with Treasury, Product, Operations and business stakeholders to establish new nostro provider relationships and support additional currencies for an expanding client base, particularly across Foreign Exchange (FX) and Global Payments & Liquidity (GPL)
- Support the evaluation, selection, oversight and ongoing management of Wells Fargo’s cash correspondent providers, including monitoring market intelligence and relevant industry initiatives
- Engage with key internal and external stakeholders on business and customer requirements and support the effective selection and due diligence of providers
- Serve as a global escalation point for Operations and business lines on external clearing, settlement and securities-related issues
Requirements
