Market Risk Specialist - Market and Counterparty Risk

Wells Fargo & Company • Charlotte, NC

3d • Hybrid

About The Position

Wells Fargo is seeking a Market Risk Specialist to join the Corporate Market Risk Group (“CMRG”) team within Market and Counterparty Risk Management (MCRM). This team is responsible for providing independent identification, review, and analysis and monitoring of market risks across Wells Fargo. Oversight officers work closely with multiple lines of business, as well as Model Development, Technology, Finance and other business partners. They play a key role in ensuring the completeness and accuracy of all market risk measurements including but not limited to Value-at-Risk (VaR) and stress scenarios. CMRG team members monitor and communicate business specific market risk information to senior management and regulators. The primary responsibility of this role is to identify, review, monitor and escalate market risks associated with Structured Products Trading desks, including Residential Mortgage-Backed Securities (RMBS), Consumer and Commercial Asset-Backed Securities (ABS), Commercial Mortgage-Backed Securities (CMBS), and Collateralized Loan Obligations (CLO) Trading desks. In this role, you will: Work closely with Structured Products Trading desks to monitor, report and risk manage one of the most complex trading areas utilizing Value-at-Risk (VaR), stress testing and other ad hoc tools. Collaborate with quantitative model developers and technology to identify potential system gaps, new features, and modeling enhancements to improve market risk measurement practices. Actively review desk’s daily end-of-day positions, understand their market performance, and reconcile with VaR back testing to identify & escalate key market risks for the portfolio. Analyze the desk's trading strategy and any elevated risk transactions to understand, communicate and challenge risk decisions. Contribute to other key deliverables such as CCAR, FRTB, and Volcker reporting.

Requirements

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

Nice To Haves

• A BS/BA degree or higher in finance, mathematical finance, economics, engineering, mathematics, or physics is ideal
• Industry certifications such as FRM or the CFA designation.
• Experience in asset-backed markets and associated traded products, such as RMBS, CMBS, ABS, and CLO
• Expertise in fixed income and derivative securities
• Advanced Microsoft Excel skills
• Exhibit strong aptitude in SQL, Python, VBA and/or other computer programming languages
• Excellent verbal, written, and interpersonal communication skills
• Strong analytical skills with high attention to detail and accuracy
• Experience developing partnerships and collaborating with other business and functional areas
• Ability to take initiative and work independently with minimal supervision in a structured environment

Responsibilities

• Work closely with Structured Products Trading desks to monitor, report and risk manage one of the most complex trading areas utilizing Value-at-Risk (VaR), stress testing and other ad hoc tools.
• Collaborate with quantitative model developers and technology to identify potential system gaps, new features, and modeling enhancements to improve market risk measurement practices.
• Actively review desk’s daily end-of-day positions, understand their market performance, and reconcile with VaR back testing to identify & escalate key market risks for the portfolio.
• Analyze the desk's trading strategy and any elevated risk transactions to understand, communicate and challenge risk decisions.
• Contribute to other key deliverables such as CCAR, FRTB, and Volcker reporting.

What This Job Offers

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