Senior Market Risk Specialist - Interest Rate Volatility & Structured Notes

Wells Fargo & Company•Charlotte, NC

4d•$100,000 - $196,000•Hybrid

About The Position

Wells Fargo is seeking a Senior Market Risk Specialist. This role sits within the Rates Market Risk Oversight team, supporting Interest Rate Volatility Trading, Structured Solutions, and Structured Notes businesses. The position focuses on risk governance, model oversight, stress testing, and data-driven risk analysis, partnering closely with Front Office, Risk Analytics, Finance, and Technology. The Market risk specialists are responsible for ensuring the completeness and accuracy of all market risk measurements, including risk factor sensitivities, Value-at-Risk (VaR) and stress scenarios. The Corporate Market Risk Group (CMRG) within Market and Counterparty Risk Management (MCRM) provides independent oversight, governance, and credible challenge of market risks across Wells Fargo. Wells Fargo is seeking a Senior Market Risk Specialist for the Rates Market Risk Oversight team, focused primarily on the Interest Rates Volatility Trading, Structured Solutions and Structured Notes businesses. In this role, you will: Utilize market risk measures such as Value-at-Risk (VaR), stress scenarios and risk factor sensitivities to monitor, report and constrain market risk exposures originating from the market-making activities of the Interest Rates Vol Trading business as well as Structured Solutions and Structured Notes businesses. Collaborate with CMRG management, Macro Market Risk Oversight and Rates Vol and Structured Notes team members to maintain an effective and comprehensive market risk mandate. Maintain and enhance market risk reporting routines to effectively communicate risk concentrations, market risk limit usage and sources of trading profit/loss. Engage with Front Office team members and CIB business partners to ensure sufficient market risk support for new business initiatives. Analyze complex models and products to ensure comprehensive market risk capture, consistent with the market risk mandate and higher-level risk management policies. Participate in recurring regulatory and risk management engagements such as CCAR, stress scenario design and Volcker metric review.

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

Experience working with a broad range of capital markets business partners including trading, quantitative partners, finance, operations, and technology to complete shared business objectives, with demonstrated ability to provide risk insights and challenge effectively.
Ability to work independently, meet deadlines, and operate effectively in a dynamic, fast-paced, and data-driven environment, including managing daily risk monitoring and reporting responsibilities.
Strong understanding of derivative pricing models and risk measurement calculations such as Value-at-Risk (VaR), stress scenarios, and risk factor sensitivities, along with hands-on experience in risk monitoring, reporting, and analysis (e.g., daily VaR reporting, sensitivities, stress testing, and identifying risk concentrations and P&L drivers).
Experience supporting risk governance and oversight activities, including monitoring risk exposures, desk limits, and limit utilization, and contributing to risk framework adherence and escalation processes.
Exposure to stress testing and scenario analysis, including designing or running stress scenarios and contributing to regulatory or enterprise risk exercises (e.g., CCAR).
Familiarity with model monitoring, model validation, or quantitative analysis, including reviewing model performance, understanding assumptions, and adapting to changing market conditions.
Advanced Microsoft Office Skills (Excel VBA)
Proficiency in Microsoft SQL
Strong analytical and quantitative skills with high attention to detail
Strong spoken and written communication skills, including the ability to translate complex risk and market concepts into clear insights
Financial Risk Management Certificate (FRM) preferred
Chartered Financial Analyst (CFA) preferred
Bachelor’s or advanced degree in a quantitative discipline or demonstrated quantitative rigor through academic or professional experience (e.g., Finance, Financial Engineering, Quantitative Finance, Mathematics, Physics, or related fields)

Responsibilities

Utilize market risk measures such as Value-at-Risk (VaR), stress scenarios and risk factor sensitivities to monitor, report and constrain market risk exposures originating from the market-making activities of the Interest Rates Vol Trading business as well as Structured Solutions and Structured Notes businesses.
Collaborate with CMRG management, Macro Market Risk Oversight and Rates Vol and Structured Notes team members to maintain an effective and comprehensive market risk mandate.
Maintain and enhance market risk reporting routines to effectively communicate risk concentrations, market risk limit usage and sources of trading profit/loss.
Engage with Front Office team members and CIB business partners to ensure sufficient market risk support for new business initiatives.
Analyze complex models and products to ensure comprehensive market risk capture, consistent with the market risk mandate and higher-level risk management policies.
Participate in recurring regulatory and risk management engagements such as CCAR, stress scenario design and Volcker metric review.