Senior Market Risk Specialist - Corporate and Investment Banking Risk

Wells Fargo - Charlotte, NC

Full-time - Mid Level

Charlotte, NC

Credit Intermediation and Related Activities

About the position

Wells Fargo is seeking a Senior Market Risk Specialist for its Enterprise Counterparty Risk Management (ECRM) Team. This role involves providing independent identification, monitoring, and credible challenge of counterparty risks across the Wells Fargo Enterprise for all capital markets traded products. The specialist will work closely with various business groups to manage counterparty risk effectively.

Responsibilities

• Lead or participate in risk program development and maintenance.
• Leverage solid understanding of risk management practices and provide input and challenge with focus on risk disclosures, remediation, due diligence, suitability, and reputation risk.
• Implement enhancements to transactional approval frameworks for counterparty credit risk in close collaboration with Banking, Credit, and Legal.
• Review and approve ISDA/MSFTA/MRA credit terms.
• Execute RCSA controls and ensure that all procedures are comprehensive and updated.
• Review and explain counterparty risk metrics and models (PFE, VaR, Stress Testing).
• Support new business initiatives in close collaboration with Change Management.
• Develop, enhance and generate counterparty risk reports for traded product portfolios.
• Assist in day-to-day troubleshooting, including investigating counterparty credit risk system or model issues then provide potential improvement.
• Perform ad-hoc analysis (stress testing, scenario analysis) to support risk management decision making and/or management inquiries.
• Work with various internal trading desks and credit and risk teams to remediate issues and implement enhancements.
• Assist in the preparation of counterparty credit risk presentations and internal credit documents (policies, procedures, memos).
• Foster strong relationships with business partners in Sales and Trading, Banking, Credit, Control, Legal, Operations, Technology, and Risk Analytics.

Requirements

• 4+ years of experience in trading, desk analyst, Capital Markets, market risk, interest rate risk or equivalent.

Nice-to-haves

• Experience working with a broad range of capital markets business partners including trading, quantitative partners, finance, operations, and technology.
• Experience in Traded products, pricing models and markets.
• Ability to work independently, meet deadlines and work under pressure in a dynamic and fast-paced working environment.
• Strong understanding of derivative pricing models and risk measurement calculations such as PFE, VaR, stress scenarios and risk factor sensitivities.
• Advanced Microsoft Office Skills (Excel VBA).
• Proficiency in Microsoft SQL.
• Strong analytical skills with high attention to detail.
• Strong spoken and written communication skills.
• Financial Risk Management Certificate (FRM) or Chartered Financial Analyst (CFA) preferred.

Benefits

• Hybrid work schedule
• Diversity, equity, and inclusion initiatives
• Drug and Alcohol Policy compliance