Senior Market Risk Specialist - Traded Products Counterparty Credit Capital

Wells Fargo•Charlotte, NC

8d•Hybrid

About The Position

Wells Fargo is seeking a Senior Market Risk Specialist to join the Traded Products Counterparty Credit Capital (TPCCC) team within Market and Counterparty Risk Management. The role sits at the intersection of Capital Markets, Counterparty Credit Risk, and Regulatory Capital. It involves assessing the capital impact of trading activity, analyzing counterparty credit risk exposure, supporting regulatory reporting, and providing insight into derivative, fails, default fund, and securities financing transaction (SFT) portfolios. The specialist works closely with traders, risk managers, capital teams, and technology partners, and uses SQL-based analysis to investigate data and reporting issues. The position is based at the listed Charlotte, North Carolina location and currently offers a hybrid work schedule. Relocation assistance and visa sponsorship are not available. The role is subject to FINRA background screening and ongoing regulatory requirements, and may be subject to compliance policies regarding outside activities and personal investing.

Requirements

At least 4 years of experience in trading, desk analyst, Capital Markets, market risk, interest rate risk, or equivalent experience demonstrated through work experience, training, military experience, or education.
Strong Capital Markets experience with exposure to trading products and risk management.
Knowledge of derivatives, including Interest Rate Swaps, options, futures, forwards, and other OTC products.
Understanding of key risk drivers across Interest Rates, FX, Equities, Credit, and Commodities.
Experience supporting or analyzing Securities Financing Transactions (SFTs), including repo, reverse repo, securities lending, securities borrowing, and margin lending.
Familiarity with Counterparty Credit Risk, Risk-Weighted Assets (RWA), and regulatory capital frameworks.
SQL experience and ability to analyze, validate, and investigate large data sets.
Experience working with trading desks, middle office, product control, market risk, or capital management functions.
Ability to communicate and work effectively across business, risk, and technology teams in a fast-paced environment.
Successful completion and clearance of the required FINRA background check; candidates must also meet ongoing regulatory requirements and report certain incidents.
Provide accurate information and supporting documentation for lawful employment and education verification; candidates must directly represent their own experiences during recruiting and hiring.

Nice To Haves

Strong Capital Markets experience with exposure to trading products and risk management.
Knowledge of derivatives, including Interest Rate Swaps, options, futures, forwards, and other OTC products.
Understanding of key risk drivers across Interest Rates, FX, Equities, Credit, and Commodities.
Experience supporting or analyzing Securities Financing Transactions (SFTs), including repo, reverse repo, securities lending, securities borrowing, and margin lending.
Familiarity with Counterparty Credit Risk, Risk-Weighted Assets (RWA), and regulatory capital frameworks.
SQL experience and ability to analyze, validate, and investigate large data sets.
Experience working with trading desks, middle office, product control, market risk, or capital management functions.
Ability to communicate and work effectively across business, risk, and technology teams in a fast-paced environment.

Responsibilities

Partner with trading desks and business stakeholders to evaluate the capital impact of new and existing derivative transactions.
Analyze exposures across derivative and securities financing transaction (SFT) portfolios and identify key risk drivers.
Research and assess capital implications related to interest rate products, swaps, options, and other trading activities.
Perform trend analysis, variance analysis, exposure attribution, and capital reporting validation.
Investigate data and reporting issues using SQL and collaborate with technology partners to resolve discrepancies.
Prepare and review regulatory counterparty credit capital schedules and management reporting.
Support the interpretation, testing, and implementation of evolving regulatory capital requirements.
Develop and execute controls to ensure accuracy, completeness, and timeliness of capital reporting.
Support the analysis and reporting of Counterparty Credit Risk Risk-Weighted Assets (RWA) and regulatory capital requirements.
Partner with Market Risk, Technology, Finance, and Capital teams to enhance reporting and analytical capabilities.
Leverage emerging technologies, including AI tools, to improve reporting and analysis processes.
Communicate findings and recommendations to senior management and business partners.
Follow applicable risk and compliance programs, policies, and procedures; escalate and remediate issues appropriately and make risk decisions consistent with business risk appetite.