Market Risk Specialist - Market and Counterparty Risk

Wells Fargo•Charlotte, NC

1d•Hybrid

About The Position

Wells Fargo is seeking a Senior Market Risk Specialist. This position is offered by the stress testing team within Market & Counterparty Risk Management. The stress testing team leads the regulatory & BAU stress testing initiatives and works across lines of businesses to develop leading risk management & risk measurement practices, leads CCAR initiatives, risk identification, scenario design, execution, and strategic infrastructure development. The role will require coordinating execution across key stakeholders and provide support for critical deliverables. Additionally, the role will also involve developing specialization towards the firm's trading and counterparty risks and stress results. This role will utilize understanding of market risk and interpersonal communication skills to develop, execute and report stress results and risk measures for regulatory stress testing. Experience working with regulators and internal audit will be beneficial in this role as the results are used to determine the firm’s capital requirements. 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.

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 quantitative discipline such as finance, or mathematics
Experience working with regulators and internal audit teams
Working knowledge of systems, grasp over SQL and programming languages
Knowledge and understanding of CCAR/DFAST stress testing and FR Y-14Q requirements

Responsibilities

Build and maintain project plans for CCAR and other regulatory deliverables.
Provide support and documentation of key regulatory reports.
Develop and maintain stresses across trading and counterparty portfolios.
Perform regular analysis and provide oversight over the changes in stress results.
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.