Market Risk Associate - Market and Counterparty Risk Management

Wells Fargo Bank • Charlotte, NC

1d • Hybrid

About The Position

About this role: This position is offered by the stress testing team within Market and Counterparty Risk Management. The stress testing team leads the regulatory and BAU stress testing initiatives and works across lines of businesses to develop leading risk management and risk measurement practices, leads CCAR initiatives, risk identification, scenario design, execution, and strategic infrastructure development. This position will have two-fold responsibilities. The candidate will provide project management support across trading and counterparty regulatory CCAR and BAU deliverables. The role will require developing project plans, coordinating execution across key stakeholders, and provide documentation support for critical deliverables. Additionally, the role will also involve developing specialization towards the Firm's trading portfolios and provide oversight over the portfolio's stress results. The ideal candidate should have knowledge of traded products, regulatory CCAR/14Q deliverables, proven ability to work across business specialists and technology, and strong written and oral skills. In this role, you will: Build and maintain project plans for CCAR and other regulatory deliverables. Provide support for documentation of key regulatory reports. Develop and maintain stresses across Private and Public Equity portfolios. Perform regular analysis and provide oversight over the changes in stress results. Design, validate, and implement market stress scenarios for CCAR/14Q and Internal risk management. Quantify and challenge risk factor shift amounts. Develop and manage relationships with multiple business partners across lines of business, risk oversight officers, internal audit, technology, and risk analytics groups. Understand relevant business, regulatory, and risk requirements pertaining to market risk stress testing and participate in ongoing audit, and regulatory exams.

Requirements

• 6+ months of one or a combination of the following: market risk, Capital Markets, trading, or interest rate risk, desk analyst experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Nice To Haves

• Experience with data querying languages (e.g., SQL), tools to work with large complex data sets, and programming languages (e.g., Python) to run analysis
• Knowledge and understanding of CCAR/DFAST stress testing and FR Y-14Q requirements
• Working knowledge of systems, grasp over SQL and programming languages
• Bachelor's degree in quantitative discipline such as finance, or mathematics
• Experience working with regulators and internal audit teams
• Highly organized and able to prioritize multiple tasks, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
• Understanding of trading products across multiple asset classes as well as market and counterparty risk management concepts
• Excellent verbal, written, and interpersonal communication skills
• Advanced Microsoft Office skills

Responsibilities

• Build and maintain project plans for CCAR and other regulatory deliverables.
• Provide support for documentation of key regulatory reports.
• Develop and maintain stresses across Private and Public Equity portfolios.
• Perform regular analysis and provide oversight over the changes in stress results.
• Design, validate, and implement market stress scenarios for CCAR/14Q and Internal risk management.
• Quantify and challenge risk factor shift amounts.
• Develop and manage relationships with multiple business partners across lines of business, risk oversight officers, internal audit, technology, and risk analytics groups.
• Understand relevant business, regulatory, and risk requirements pertaining to market risk stress testing and participate in ongoing audit, and regulatory exams.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level