Lead Market Risk Officer - Market & Counterparty Risk Management

Wells Fargo Bank•Charlotte, NC

1d•Hybrid

About The Position

Wells Fargo is seeking a Lead Market Risk Officer within Market & Counterparty Risk Management (MCRM), on the Traded Products Stress Testing team. The team executes regulatory and business-as-usual stress testing across trading and counterparty portfolios, working with Corporate & Investment Banking, Risk Analytics, Technology, Finance, and Independent Risk Management to develop and execute methodologies, challenge results, enhance risk measurement practices, and support regulatory capital assessments. The role executes and enhances stress testing programs; provides independent oversight and credible challenge of methodologies, assumptions, scenario design, and results; analyzes results to identify risk drivers, emerging risks, portfolio concentrations, and changes in risk profile; and supports CCAR and other regulatory capital requirements. It also evaluates market, counterparty, and liquidity risks under severe but plausible scenarios, prepares senior-management and regulatory materials, and supports interactions with regulators and internal oversight functions. The officer contributes to risk identification, scenario development, methodology and governance enhancements, risk factor calibration, controls, and timely delivery of regulatory and internal risk management work. The role provides guidance to junior team members, executes RCSA controls, maintains current governance documentation and supporting evidence, and builds partnerships across Risk, Finance, Trading, Technology, Model Risk Management, and Corporate Treasury. The position is based at 550 S. Tryon Street in Charlotte, North Carolina, and follows a hybrid schedule of four days in the office and one day remote. Relocation assistance and visa sponsorship are not available. The position is subject to FINRA background screening and ongoing regulatory requirements, including applicable screening and reporting obligations. Specific policies may apply to outside activities and personal investing.

Requirements

At least 5 years of market risk, Capital Markets, securities industry, trading, or interest rate risk experience, or equivalent demonstrated through work experience, training, military experience, or education.
Recent market and/or counterparty risk experience.
Experience with traded products, including Rates, FX, Credit, Equities, Commodities, Securities Financing Transactions, and/or derivatives.

Nice To Haves

Experience in stress testing, Risk Analytics, Counterparty Risk, or related quantitative risk disciplines.
Experience supporting cross-functional initiatives and working effectively with senior stakeholders.
Solid understanding of market risk and counterparty risk concepts across traded products.
Working knowledge of CCAR, Global Market Shock (GMS), FR Y-14Q, or related regulatory capital frameworks.
Experience with scenario design, stress testing methodologies, and regulatory examinations.
Knowledge of risk measurement methodologies such as VaR, sensitivities, stress testing, PFE, xVA, and capital calculations.
Experience working with regulators, Internal Audit, Model Risk Management, and Independent Testing.
Strong analytical and quantitative problem-solving skills.
Proficiency in SQL and experience working with large datasets.
Advanced Microsoft Excel skills.
Strong written and verbal communication skills, including the ability to translate technical concepts for senior audiences.
Ability to work effectively in a fast-paced environment with multiple priorities and deadlines.

Responsibilities

Execute and help enhance regulatory and business-as-usual stress testing programs across trading and counterparty portfolios.
Provide independent oversight and credible challenge of stress testing methodologies, assumptions, scenario design, and results.
Partner with Risk Analytics, Technology, and business stakeholders to improve stress testing infrastructure, data quality, and reporting processes.
Analyze stress test results to identify key drivers, emerging risks, portfolio concentrations, and changes in risk profile.
Support risk assessment activities for CCAR and other regulatory capital requirements.
Evaluate market, counterparty, and liquidity risks under severe but plausible stress scenarios.
Prepare summaries, risk committee materials, and regulatory examination responses for senior management review.
Support interactions with regulators, Internal Audit, Model Risk Management, and Independent Testing on stress testing and market risk governance matters.
Contribute to risk identification and develop stress scenarios that capture current and emerging market risks.
Coordinate execution across stakeholders to ensure timely delivery of regulatory and internal risk management deliverables.
Contribute to scenario design, methodology enhancement, risk factor calibration, governance, and controls initiatives.
Provide guidance and support to junior team members and contribute to sound risk management practices.
Execute RCSA controls and keep procedures, governance documentation, and supporting evidence current and comprehensive.
Build partnerships across Risk, Finance, Trading, Technology, Model Risk Management, and Corporate Treasury.