Senior Market Risk Specialist - Traded Products Counterparty Credit Capital

Wells Fargo Bank•Charlotte, NC

6d•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 works 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 partners with traders, risk managers, capital teams, and technology partners, and uses SQL-based analysis to investigate issues and communicate findings to business and risk stakeholders. The position currently offers a hybrid work schedule and is located at 550 S. Tryon Street, Charlotte, North Carolina. Relocation assistance and VISA sponsorship are not available.

Requirements

At least 4 years of experience in trading, desk analysis, Capital Markets, market risk, interest rate risk, or an equivalent combination demonstrated through work experience, training, military experience, or education.
Successfully complete and clear the required FINRA background screening.
Meet ongoing regulatory requirements, including additional screening and reporting certain incidents.
Comply with applicable policies regarding outside activities and/or personal investing, including providing information to the Wells Fargo Personal Account Dealing Team when applicable.

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 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 interpretation, testing, and implementation of evolving regulatory capital requirements.
Develop and execute controls to ensure accuracy, completeness, and timeliness of capital reporting.
Support 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 programs, Wells Fargo policies, and procedures; fulfill risk and compliance obligations; and escalate and remediate issues as required.