Senior Market Risk Specialist - Market and Counterparty Risk
About The Position
Wells Fargo is seeking a Senior Market Risk Specialist for the Enterprise Counterparty Risk Management (ECRM) organization within Market and Counterparty Risk Management (MCRM). This role is responsible for ensuring an appropriate Risk Management framework exists for products offered by the primary trading and lending desks, with particular emphasis on Counterparty Credit Risk. The Counterparty Risk Portfolio Monitoring team within the ECRM organization monitors and performs daily variances, trends, market updates, stress testing, and ad-hoc portfolio concentration analysis across all counterparty metrics. The team also conducts robust portfolio surveillance, analyzes counterparty impacts from market-driven events, and provides timely analysis to executive management and regulators. The ideal candidate is a self-starter with counterparty risk knowledge, strong analytical skills, exceptional attention to detail, and experience working across cross-functional teams. This role focuses on day-to-day surveillance of the portfolio, exposure trend monitoring with key insights, ad-hoc portfolio analysis, and market-driven analysis for senior audiences. The position will offer opportunities to lead initiatives and drive change.
Requirements
- 4+ years of experience in one or a combination of the following: trading, desk analyst, Capital Markets, market risk, interest rate risk or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Nice To Haves
- Advanced degree in quantitative field, FRM, or other risk management designation
- Strong understanding of counterparty risk (including but not limited to the concept and calculation of CCR risk metrics), OTC derivatives, and SFT products
- Intellectual curiosity with proven ability to learn quickly through others as well as to conduct independent research and analysis
- Ability to identify and drive initiatives independently, collaborate across teams, solution with a sense of urgency, and execute with high quality
- Strong problem solving and analytical skills required to identify root causes, define patterns and collaborate with stakeholders
- Advanced Microsoft Excel skills, including pivot tables, graphs, and formulas
- Advanced SQL skills – experience with writing new SQL queries as well as understanding and editing existing SQL queries
- Experience with large data sets and use of data analysis to identify trends
- Excellent verbal, written and interpersonal communication skills
- Ability to articulate and document complex concepts in a clear, concise manner
- Ability to prioritize work, meet deadlines, achieve goals and work under pressure in a dynamic and complex environment
Responsibilities
- Support the daily activities of the counterparty exposure monitoring program
- Ensure there are effective processes and rigor with respect to daily, monthly, and quarterly exposure variances and exception validations
- Perform and review daily exposure variance for identification of main drivers and communication of impacts
- Review monthly exposure variance by various dimensions and present the overview of key drivers of exposure variances
- Review data, risk reporting, and commentary for accuracy, clarity, and completeness
- Learn the control processes and monitor key metrics and trends, with emphasis on escalation of issues or concerns for counterparty risk
- Maintain updated control framework and documentation per enterprise requirements
- Review and test impacts for all metrics on new products, PFE model and process changes
- Prepare daily and/or trigger-based market updates on counterparty risk portfolio
- Provide on-demand analysis based on market driven events and ad-hoc scenarios
- Work closely with risk managers, data teams, technology, and reporting teams to analyze, review, measure, test, and challenge results
- Understand the variables and market factors that impact the firm’s counterparty risk
- Understand relevant business, regulatory and risk requirements pertaining to ECRM as well as maintain an awareness of current regulatory trends and resulting impacts
- Contribute to firm-wide initiatives and regulatory requirements
- Respond to ad-hoc requests for risk analysis and/or presentations from senior managers, regulators, auditors, and other stakeholders
Benefits
- Relocation assistance is not available for this position.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
Number of Employees
5,001-10,000 employees
