Senior Lead Market Risk Officer

Wells Fargo•Charlotte, NC

1d•$185,000 - $300,000•Hybrid

About The Position

Wells Fargo is seeking a Senior Lead Market Risk Officer to join the Enterprise Counterparty Risk Management (ECRM) Team. The Enterprise Counterparty Risk Management (ECRM) Team within Market and Counterparty Risk Management (MCRM) is responsible for providing independent identification, monitoring, and credible challenge of counterparty risks across the Wells Fargo Enterprise for all capital markets traded products. ECRM professionals work with the business groups that originate and manage counterparty risk including Corporate and Investment Bank, Commercial Bank, Wealth and Investment Management, Consumer Lending, and Treasury. Capital markets transactions include Derivatives (Rates, FX, Commodities, CDS, and Equities), Securities Trading, and Securities Financing.

Requirements

7+ years of market risk, Capital Markets, securities industry, trading, or interest rate risk experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.

Nice To Haves

Expert level experience working with a broad range of capital markets business partners including trading, finance, operations, and technology.
Expert level experience working in traded products and markets.
Strong knowledge of collateral management, margining, securities financing transactions, OTC derivatives, and counterparty credit risk.
Experience with regulatory requirements impacting collateral and margin practices.
Understanding of derivative pricing models and risk measurement calculations such as PFE, VaR, stress scenarios and risk factor sensitivities.
Familiarity with trading desk operations and systems, i.e. Calypso, Endur, is preferred.
Demonstrated experience leading RCSA, issue management, policy governance, and risk oversight activities.
Ability to effectively challenge business practices while maintaining strong partnership with front office and infrastructure teams.
Strong analytical, communication, and executive presentation skills.
Proficiency in Microsoft SQL, and Python.
Ability to work independently, assess issues, make quick decisions, implement solutions, build relationships across teams, and influence change.
Highly organized and able to prioritize multiple tasks, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment.
Financial Risk Management Certificate, FRM, Chartered Financial Analyst, CFA, or Advanced Degree in Finance, Business Administration, or a quantitative field is preferred.

Responsibilities

Lead counterparty credit risk oversight for collateral management activities across Markets businesses, ensuring alignment with the firm's risk appetite and regulatory expectations.
Lead the annual review and challenge process for collateral haircut schedules/grids, including evaluation of market liquidity, volatility, wrong-way risk, and stress performance.
Provide independent risk oversight of collateral eligibility frameworks, concentration limits, valuation methodologies, and margin processes.
Ensure all collateral management exceptions, breaches, and limit overrides are identified, documented, escalated, approved, and tracked in accordance with firm policy and governance standards.
Execute and oversee RCSA (Risk and Control Self-Assessment) controls, ensuring timely completion, evidence retention, and remediation of identified control weaknesses.
Review and challenge the design and effectiveness of collateral management-related RCSA controls, KRIs, and monitoring processes.
Partner with Markets, Credit Risk, Legal, Operations, Treasury, and Compliance teams to assess and implement changes to collateral management practices and governance.
Lead risk review and approval of updates to the Collateral Management Policy, including evaluation of new acceptable collateral types, collateral optimization initiatives, and regulatory-driven changes.
Assess emerging risks associated with new products, market structure changes, clearing initiatives, and collateral transformation programs.
Monitor collateral disputes, settlement failures, valuation disagreements, and operational incidents, ensuring appropriate root cause analysis and corrective actions.
Escalate material risks, control deficiencies, policy exceptions, and emerging issues to senior management and relevant governance committees.
Produce risk reporting and management information for senior leadership, risk committees, and regulatory examinations.
Lead independent challenge of collateral methodologies, margining practices, and exposure mitigation strategies, including bilateral and cleared derivatives, securities financing transactions, and prime brokerage activities.
Evaluate the adequacy of collateral coverage under stressed market conditions and support collateral-related stress testing activities.
Coordinate issue management activities, including development, tracking, validation, and closure of corrective action plans.
Support internal audit, regulatory reviews, and examinations by providing collateral management subject matter expertise and coordinating responses to requests.
Promote a strong risk and control culture by ensuring adherence to policies, procedures, and regulatory requirements.