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Wells Fargo Senior Market Risk Specialist in CHARLOTTE, North Carolina

At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

About this role:

Wells Fargo is seeking a Senior Market Risk Specialist as a part of Wells Fargo's second line of defense and Independent Risk Management team. The Senior Market Risk Specialist covers jobs focused on potential loss due to market movements such as changes in interest rates, equity prices, credit spreads, and foreign exchange rates. Responsible for measuring and analyzing the organization's risk exposure (e.g., value at risk) for market, interest rate and counterparty risk activities.

In this role, you will:

  • Lead or participate in risk program development or maintenance and provide oversight of market, interest rate and counterparty risk activities within Market Risk

  • Contribute to evaluating and approving risk models related to risk management framework

  • Evaluate and approve moderately complex trading models, market risk, basis risk, delivery risk and counterparty aggregated credit risk exposure on a daily or long-range basis for specific financial products

  • Consult and implement initiatives with moderate to high risk and lead team to meet market risk deliverables

  • Leverage solid understanding of risk management challenges and provide input with focus on risk disclosures, remediation, due diligence, suitability, and reputation risk

  • Collaborate and consult with management and board of directors to provide periodic or scheduled risk reports that present a companywide view of risk management

Required Qualifications, US:

  • 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

Required Qualifications, International:

  • Experience in Capital Markets, trading or interest rate risk, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

  • Advanced Microsoft Office (Word, Excel, and Outlook) skills

  • Strong analytical skills with high attention to detail and accuracy

  • Excellent verbal, written, and interpersonal communication skills

  • Ability to negotiate, influence, and collaborate to build successful relationships

  • Experience delivering results in a fast-paced, deadline driven environment

  • SQL experience

  • Exposure to counterparty credit risk metrics (PFE, EPE, CVA, BASEL)

  • Experience with a variety of asset classes and types of trading products including some, or all, of the following: Derivatives (Interest Rate, Equity, FX, Credit, and Commodity), Security Trading or Security Finance

  • Strong SQL and Data Analysis skills.

  • Experience producing Business requirements (BRD), including research and analysis

  • Familiarity with Credit and/or Market risk methodologies (valuation, Monte Carlo, Greeks, VaR) and risk systems

  • Experience with UAT testing including planning, execution and documenting of results

  • CFA and/or PRM and/or FRM certification is preferred

  • Undergraduate degree in finance, economics, business, mathematics, or a quantitative, technical or related field.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.


Req Number: R-258678

Updated: Thu Mar 16 00:00:00 UTC 2023

Location: CHARLOTTE,North Carolina