Market Risk Specialist - Market and Counterparty Risk

Wells Fargo & Company•Charlotte, NC

1d•Hybrid

About The Position

Wells Fargo is seeking a Market Risk Specialist for the Traded Products Counterparty Credit Capital (TPCCC) group within Market and Counterparty Risk Management. This individual is responsible for producing accurate, timely, clear and complete capital reporting related to Counterparty Credit Risk Weighted Assets (RWA). In this role you will be tasked with validating calculated results, facilitating the line of business capital decision process and producing regulatory and management reports and presentations. In this position, the individual would be responsible for implementing the business process and testing of emerging capital regulations. Within this framework, you will be responsible for coordinating with multiple teams across the enterprise to interpret new capital regulations and plan and oversee the implementation of all regulatory counterparty credit capital changes. The ideal candidate should have knowledge of capital markets, counterparty credit capital, regulatory reporting, proven ability to work across business specialists and technology, strong technical skills, and high-level attention to detail.

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

SQL experience
Knowledge of core asset classes and trading products, including derivatives and securities financing transactions (SFTs)
Familiarity with key risk drivers across major derivatives asset classes (Interest Rates, FX, Credit, Equities, and Commodities)
Basic understanding of SFT products and structures, including repurchase/reverse repurchase agreements, securities lending/borrowing, and margin loans, along with associated risk drivers
A master’s degree or higher in accounting, finance, economics, or Chartered Financial Analyst (CFA) Designation
Financial Risk Management Certificate (FRM)
Work experience in Middle-Office or Product Control type function.
Familiarity with non-cleared, exchange traded and cleared products.
Knowledge and experience with CVA calculations
Intermediate Microsoft Office skills
Strong analytical skills with high attention to detail and accuracy
Excellent verbal, written, and interpersonal communication skills.
Knowledge of a variety of asset classes and trading products; specifically, derivatives and securities financing transactions
Strong attention to detail and accuracy skills
Personal characteristics: comfortable multi-tasking, sound judgment, takes initiative, team player and attention to detail.

Responsibilities

Maintain a thorough understanding of relevant business, regulatory and risk requirements pertaining to Counterparty RWA as well as maintaining an awareness of current regulatory trends, proposals and resulting impacts.
Analyze RWA results including trends, variance analysis and exposure attribution.
Populate and submit regulatory counterparty credit capital schedules.
Develop SQL statements to test data accuracy and completeness.
Ability to work with emerging technology tools such as AI.
Partner with Technology group on technical issues and assist in the development of strategic reporting solutions.
Interact effectively and confidently with senior management and business partners.
Prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment.