Market Risk Specialist - Market and Counterparty Risk

About this role:

Wells Fargo is seeking a Market Risk Specialist for the Traded Products Counterparty Credit Capital (TPCCC) group within Market and Counterparty Risk Management.

This individual is responsible for producing accurate, timely, clear and complete capital reporting related to Counterparty Credit Risk Weighted Assets (RWA). In this role you will be tasked with validating calculated results, facilitating the line of business capital decision process and producing regulatory and management reports and presentations. 

In this position, the individual would be responsible for implementing the business process and testing of emerging capital regulations. Within this framework, you will be responsible for coordinating with multiple teams across the enterprise to interpret new capital regulations and plan and oversee the implementation of all regulatory counterparty credit capital changes. The ideal candidate should have knowledge of capital markets, counterparty credit capital, regulatory reporting, proven ability to work across business specialists and technology, strong technical skills, and high-level attention to detail.

In this role, you will:

• Maintain a thorough understanding of relevant business, regulatory and risk requirements pertaining to Counterparty RWA as well as maintaining an awareness of current regulatory trends, proposals and resulting impacts.
• Analyze RWA results including trends, variance analysis and exposure attribution.
• Populate and submit regulatory counterparty credit capital schedules.
• Develop SQL statements to test data accuracy and completeness.
• Ability to work with emerging technology tools such as AI.
• Partner with Technology group on technical issues and assist in the development of strategic reporting solutions.
• Interact effectively and confidently with senior management and business partners.
• Prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment.

Required Qualifications:

• 2+ years of market risk, Capital Markets, desk analyst, trading, interest rate risk or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• SQL experience
• Knowledge of core asset classes and trading products, including derivatives and securities financing transactions (SFTs)
• Familiarity with key risk drivers across major derivatives asset classes (Interest Rates, FX, Credit, Equities, and Commodities)
• Basic understanding of SFT products and structures, including repurchase/reverse repurchase agreements, securities lending/borrowing, and margin loans, along with associated risk drivers
• A master’s degree or higher in accounting, finance, economics, or Chartered Financial Analyst (CFA) Designation
• Financial Risk Management Certificate (FRM)
• Work experience in Middle-Office or Product Control type function.
• Familiarity with non-cleared, exchange traded and cleared products.
• Knowledge and experience with CVA calculations
• Intermediate Microsoft Office skills
• Strong analytical skills with high attention to detail and accuracy
• Excellent verbal, written, and interpersonal communication skills.
• Knowledge of a variety of asset classes and trading products; specifically, derivatives and securities financing transactions
• Strong attention to detail and accuracy skills
• Personal characteristics: comfortable multi-tasking, sound judgment, takes initiative, team player and attention to detail.

Posting Locations:

• 550 S. Tryon Street - Charlotte, North Carolina

Job Expectations:

• Required location listed above. Relocation assistance is not available for this position.
• This position currently offers a hybrid work schedule.
• This position is not eligible for VISA sponsorship.
• This position is subject to FINRA Background Screening Requirements, including successful completion and clearing of a background check. Internal transfers are subject to comply with 17 CFR 240.17f-2 of the Securities Exchange Act of 1934 and FINRA Bylaws, Article III, Section 3, which states that Associated Persons should not be subject to statutory disqualification. Successful candidates must also meet ongoing regulatory requirements including additional screening and are required to report certain incidents.
• Specific compliance policies may apply regarding outside activities and/or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process.

Posting End Date:

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

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 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.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.