Senior Lead Market Risk Officer- Prime Services and Futures Commission Merchant (FCM) Risk Management

About this role:
Wells Fargo is seeking a Senior Lead Market Risk Officer in Prime Services and Futures Commission Merchant (FCM) Risk Management function in Enterprise Counterparty Risk Management (ECRM).
Prime Services and FCM Risk Management is responsible for the daily risk management, margining framework, risk assessment and monitoring of counterparty credit risk generated by the Prime Services and FCM businesses.
The successful candidate will be a key leader in the team, engaged in the management and oversight of portfolio risk, new business evaluation, margining framework and risk analysis.
In this role, you will:

• Provide independent oversight of counterparty risk across Prime Services and FCM (Futures Commission Merchant) activities, including futures, cleared swaps, and exchange-traded derivatives.
• Partner with the clearing business and operations, prime services business, liquidity management, and sales teams to understand business strategies and key risk drivers.
• Review and advise on risk-taking decisions, margin practices, client onboarding, and exposure management.
• Define and present FCM and Prime Services risk metrics-such as VaR, stress testing, and liquidity risk measures-to senior leadership and risk committees.
• Support regulatory examinations and internal audits through preparation of documentation, detailed analysis, and formal responses.
• Maintain and enhance risk governance frameworks, reporting processes, and procedures across client clearing businesses.
• Lead enhancements to counterparty credit risk methodologies, including exposure modeling, margin analysis (SPAN, VaR-based, and CCP methodologies), and stress-testing frameworks.
• Identify emerging market, liquidity, and concentration risks and escalate them through appropriate governance channels.
• Represent Prime Services and FCM Risk in enterprise risk forums, model governance reviews, stress-testing working groups, and new product approval processes.
• Partner with technology and data teams to strengthen exposure analytics, reporting capabilities, and data quality supporting cleared derivatives risk management.
• Lead and coordinate risk engagement during market stress events, ensuring timely exposure assessment, escalation, and senior-level communication.
• Mentor and guide junior risk officers, contributing to team development and strengthening overall risk culture within ECRM.

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:

• Strong understanding of futures markets, CCP risk frameworks, SPAN margining, FINRA requirements, and derivatives lifecycle processes.
• Advanced analytical skills with the ability to interpret, evaluate, and challenge risk models, stress-testing methodologies, and margin frameworks.
• Experience managing counterparty risk for clearing businesses, including FCM, prime brokerage, or market-maker clearing.
• Familiarity with third-party risk management systems.
• Knowledge of RCSA (Risk and Control Self-Assessment) frameworks.

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 Locations:

• 550 S. Tryon Street - Charlotte, North Carolina
• 150 E 42nd St, New York, 150 E 42nd St, New York, NY

Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.
$185,000.00 - $300,000.00
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement

Posting End Date:
27 Jan 2026
* 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.
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.