Wells Fargo Senior Lead Market Risk Officer - CIB 

United States, New York, New York 

287813033

Primary responsibilities for the position include, but are not limited to, the following:

• 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.

• Identify and implement enhancements to risk management frameworks and programs for counterparty credit risk through close collaboration with Banking, Credit, and Legal.

• Review and approve credit terms within governing documentation (ISDA, MRA, MSFTA, MSLA) in alignment to firm’s risk appetite.
• Coordinate with relevant Banking teams in deal origination, including documentation and transaction/limit approvals.
• Collaborate across business line functions in development and implementation of new business initiatives.

• Provide holistic oversight of counterparty risk across the portfolio, identifying any material shifts in risk profile or credit metrics, escalating as necessary to the relevant stakeholders.
• Develop, enhance and generate counterparty risk reports for traded product portfolios.
• Assist in day-to-day troubleshooting, including investigating counterparty credit risk system, limit excesses, or model issues then propose potential improvements.
• Ensure that non-standard trade structures and documentation can be properly supported by risk systems and models.
• 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.
• Prepare counterparty credit risk presentations and internal credit documents (policies, procedures, memos)
• Execute RCSA controls and ensure that all procedures are comprehensive and updated.
• Foster strong relationships with business partners in Sales and Trading, Banking, Credit, Control, Legal, Operations, Technology, and Risk Analytics.

Required Qualifications:

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

Desired Qualifications:

• Direct experience with reviewing and approving credit terms included in governing documentation (ISDA, MRA, MSFTA, MSLA) of traded products.
• Direct experience risk managing traded products including Derivatives, Futures/Options, Securities Financing, and Securities Trading.
• Experience working with a broad range of capital markets business partners including trading, finance, operations, and technology.
• Understanding of derivative hedging structures and counterparty risk implications.
• 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.
• Ability to think critically and formulate independent judgment supported by sound rationale.
• 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 communication and interpersonal skills with the ability to clearly convey complex topics in a concise manner.
• Financial Risk Management Certificate (FRM), Chartered Financial Analyst (CFA), or Master’s Degree preferred.

Job Expectations:

• This position currently offers a hybrid work schedule
• Willingness to work on-site at stated location on the job opening
• 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.

$173,300.00 - $359,900.00

23 Feb 2025

Wells Fargo Recruitment and Hiring Requirements:

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