Executive Director, Market Marker Front Office Risk Manager

Wells Fargo•New York, NY

1d•$215,000 - $355,000•Onsite

About The Position

Corporate & Investment Bank (CIB) delivers a comprehensive suite of banking, capital markets and advisory solutions, including a full complement of sales, trading and research capabilities, to corporate, government and institutional clients. We focus on our clients' overall financial needs, with consideration and respect for their total relationship with Wells Fargo. Markets provides solutions to clients with the means to manage their exposure through various derivatives, lending and cash products across Structured Products Group, Rates, Equities, Foreign Exchange, Municipal Products Group, Credit Sales & Trading. About this role: Wells Fargo is seeking a dynamic and embedded Market Marker Front Office Risk Manager to join our Prime Brokerage front office team. This role sits at the intersection of risk management and market maker client engagement, providing risk analysis and strategic insight to support the market maker clearing offering of the Prime Brokerage business. Learn more about the career areas and lines of business at wellsfargojobs.com. In this role, you will: Work with Prime Brokerage (PB) sales teams to review marker maker client portfolios to assess margin requirements and manage client exposures. Provide real-time risk commentary and escalation on market events, marker maker behavior, or portfolio shifts. Monitor marker maker portfolios for margin adequacy, concentration risk, stress scenarios, and liquidity risk. Serve as primary risk point of contact for risk engagement with market makers including: Participate in onboarding and due diligence process pertaining to risk assessment and margin requirements including new portfolio and idiosyncratic trade opportunities. Serve as a risk liaison during meetings, helping to explain margin methodologies, risk frameworks and exposure metrics. Collaborate to optimize margin usage and capital efficiency within the firm’s risk parameters. Contribute to the development of risk-adjusted return frameworks and profitability analyses. Negotiate margin terms with market makers. Manage margin models to adhere to model related requirements. Serve as Business contact to Market and Credit risk for review and approval of margin risk exceptions. Provide risk insight and approach to ‘off-the run’ financing opportunities. Coordinate with Credit Risk, Market Risk Legal, Compliance and Operations to ensure a holistic view of market maker risk. Provide input into risk policy updates and contribute to governance forums. Provide in-depth risk analysis on new products.

Requirements

7+ years of Securities Product Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
This role is not eligible for VISA sponsorship
Ability to travel as needed
Willingness to work on-site in accordance with current office requirements
Ability to work additional hours as needed
Registration for FINRA Series 7 must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
Registration for FINRA Series 63 (or 66) must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted.
This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire.
In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer.
Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents.
Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired.

Nice To Haves

Strong understanding of market maker strategies, derivatives and financing structures.
Proficiency in risk analytics, margin methodologies (VaR, stress testing, scenario analysis) and capital usage metrics.
Product expertise in Financing and Structuring of trading strategies.
Excellent communication skills with the ability to engage both internal stakeholders and external clients.

Responsibilities

Work with Prime Brokerage (PB) sales teams to review marker maker client portfolios to assess margin requirements and manage client exposures.
Provide real-time risk commentary and escalation on market events, marker maker behavior, or portfolio shifts.
Monitor marker maker portfolios for margin adequacy, concentration risk, stress scenarios, and liquidity risk.
Serve as primary risk point of contact for risk engagement with market makers including:
Participate in onboarding and due diligence process pertaining to risk assessment and margin requirements including new portfolio and idiosyncratic trade opportunities.
Serve as a risk liaison during meetings, helping to explain margin methodologies, risk frameworks and exposure metrics.
Collaborate to optimize margin usage and capital efficiency within the firm’s risk parameters.
Contribute to the development of risk-adjusted return frameworks and profitability analyses.
Negotiate margin terms with market makers.
Manage margin models to adhere to model related requirements.
Serve as Business contact to Market and Credit risk for review and approval of margin risk exceptions.
Provide risk insight and approach to ‘off-the run’ financing opportunities.
Coordinate with Credit Risk, Market Risk Legal, Compliance and Operations to ensure a holistic view of market maker risk.
Provide input into risk policy updates and contribute to governance forums.
Provide in-depth risk analysis on new products.