Lead Market Risk Officer

Wells Fargo & Company•Charlotte, NC

2d•$139,000 - $217,000•Hybrid

About The Position

Wells Fargo is seeking a Lead Market Risk Officer to join the Enterprise Counterparty Risk Management (ECRM) Team. The Enterprise Counterparty Risk Management (ECRM) Team within Market and Counterparty Risk Management (MCRM) is responsible for providing independent identification, monitoring, and credible challenge of counterparty risks across the Wells Fargo Enterprise for all capital markets traded products. ECRM professionals work with the business groups that originate and manage counterparty risk including Corporate and Investment Bank, Commercial Bank, Wealth and Investment Management, Consumer Lending, and Treasury. Capital markets transactions include Derivatives (Rates, FX, Commodities, CDS, and Equities), Securities Trading, and Securities Financing.

Requirements

5+ years of experience in one or a combination of the following: trading, desk analyst, Capital Markets, market risk, interest rate risk or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.

Nice To Haves

Experience in Traded products, pricing models and markets.
Experience working with a broad range of capital markets business partners including trading, finance, operations, and technology.
Understanding of derivative pricing models and risk measurement calculations such as PFE, VaR, stress scenarios and risk factor sensitivities.
Familiarity with trading desk operations and systems, i.e. Calypso, Endur, is preferred
Advanced Microsoft Office Skills - Excel VBA.
Proficiency in Microsoft SQL, and Python.
Ability to think critically and formulate independent judgment supported by sound rationale.
Strong analytical skills with high attention to detail.
Ability to work independently, assess issues, make quick decisions, implement solutions, build relationships across teams, and influence change
Strong communication and interpersonal skills with the ability to clearly convey complex topics in a concise manner.
Highly organized and able to prioritize multiple tasks, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
Financial Risk Management Certificate (FRM), Chartered Financial Analyst (CFA), or Advanced Degree in Finance, Business Administration, or a quantitative field is preferred

Responsibilities

Assist in day-to-day troubleshooting, including investigating counterparty credit risk systems, limit excesses, or model issues then propose potential improvements.
Perform ad-hoc analysis - stress testing, scenario analysis - to support risk management decision making and/or management inquiries.
Ensure that non-standard trade structures and documentation can be properly supported by risk systems and models.
Provide holistic oversight of counterparty risk across the portfolio, identifying any material shifts in risk profile or credit metrics, escalating as necessary to the relevant stakeholders.
Develop, enhance and generate counterparty risk reports for traded product portfolios.
Prepare counterparty credit risk presentations and internal credit documents - policies, procedures, memos.
Execute assigned RCSA controls and ensure supporting procedures and documentation remain current and effective.
Collaborate across business line functions in development and implementation of new business initiatives.
Lead or participate in risk program development and maintenance.
Work with various internal trading desks and credit and risk teams to remediate issues and implement enhancements.
Identify and implement enhancements to risk management frameworks and programs for counterparty credit risk through close collaboration with Banking, Credit, and Legal.
Leverage solid understanding of risk management practices and provide input and challenge with focus on risk disclosures, remediation, due diligence, suitability, and reputation risk.
Foster strong relationships with business partners in Sales and Trading, Banking, Credit, Control, Legal, Operations, Technology, and Risk Analytics.