Market Risk Specialist | Corporate & Investment Banking

Wells Fargo•Charlotte, NC

9d•Hybrid

About The Position

Wells Fargo is seeking a Market Risk Specialist to support the Enterprise Counterparty Risk Management (ECRM) organization. This position sits within the ECRM Credit Administration team and is responsible for daily oversight of counterparty credit risk components across derivatives, securities financing, and trading relationships. In this role, you will support the monitoring and assessment of counterparty credit risk through daily risk analysis and activities related to agreement controls, including netting reviews, collateral processes, and credit approval frameworks. Working closely with partners across Corporate and Investment Banking (CIB) Risk, you will gain exposure to how credit decisions, contractual terms, credit policies, and system controls influence exposure measurement and risk outcomes. You will also contribute analyses that inform risk‑mitigation initiatives and control enhancements. This position provides an excellent opportunity to build a strong foundation in market and counterparty credit risk while engaging in a high‑impact, fast‑paced segment of the CIB Risk organization.

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

Bachelor’s degree in Finance, Economics, Business, or a related field.
Experience with SQL (or similar query languages) to obtain and analyze data.
Proficiency with MS Office, particularly Excel and PowerPoint, with the ability to learn internal risk‑system applications.
Strong attention to detail and clear written and verbal communication skills.

Responsibilities

Provide independent oversight of counterparty risk across derivatives and securities financing activities, including validating contractual enforceability, supporting ongoing reviews of netting and collateral frameworks, and monitoring exposure changes and counterparty creditworthiness.
Perform credit‑data‑related controls and partner with front‑line portfolio managers and credit approvers to identify opportunities to improve efficiency and effectiveness in credit‑limit management.
Partner with ECRM, Legal, Negotiators, Markets, and Technology teams to understand agreement structures, risk drivers, data dependencies, and portfolio‑specific factors that influence exposure measurement and credit approvals.
Support the review of counterparty credit decisions, evaluating adherence to limit approvals and ensuring exposure, credit limits, internal grades, collateral, and contractual attributes are accurately reflected.
Contribute to the development and maintenance of risk metrics, including control exceptions and enforceability indicators used in committee materials and senior‑level reporting.
Assist with enhancements to counterparty credit risk methodologies, support new product rollouts and system changes by participating in UAT, validate data for new credit‑system enhancements, and help resolve data discrepancies.
Proactively identify emerging exposure, documentation, or control issues and escalate through appropriate channels.
Participate in working sessions and cross‑functional meetings, providing insights on exposure changes, agreement updates, or control performance for senior risk officers.
Support senior officers during periods of elevated market activity by assessing exposure movements, gathering counterparty data quickly, and communicating findings to leadership.
Demonstrate strong coordination and collaboration while contributing to a disciplined, control‑focused culture within ECRM.