Senior Market Risk Specialist - Market and Counterparty Risk Management

About this role:
Wells Fargo is seeking a Senior Market Risk Specialist to join the Corporate Market Risk Group ("CMRG") team within Market and Counterparty Risk Management (MCRM). This team is responsible for providing independent identification, review, and analysis and monitoring of market risks across Wells Fargo.
Oversight officers work closely with multiple lines of business, as well as Risk Analytics, Technology, Finance and other business partners. They play a key role in ensuring the completeness and accuracy of all market risk measurements including but not limited to Value-at-Risk (VaR), and stress scenarios. CMRG team members monitor and communicate business specific market risk to senior management and regulators. The primary responsibility of this role is to identify, review, monitor and escalate market risks associated with Structured Products Trading desks, including Residential Mortgage-Backed Securities (RMBS), Consumer and Commercial Asset-Backed Securities (ABS), Commercial Mortgage-Backed Securities (CMBS), and Collateralized Loan Obligations (CLO) Trading desks.
In this role, you will:

• Work closely with Structured Products Trading desks to monitor, report and risk manage one of the most complex trading areas utilizing Value-at-Risk (VaR), stress testing and other ad hoc tools.
• Collaborate with quantitative model developers and technology to identify potential system gaps, new features, and modeling enhancements to improve market risk measurement practices.
• Actively review desk's daily end-of-day positions, understand their market performance, and reconcile with VaR back testing to identify & escalate key market risks for the portfolio.
• Analyze the desk's trading strategy and any elevated risk transactions to understand, communicate and challenge risk decisions.
• Contribute to other key deliverables such as CCAR, FRTB, and Volcker reporting.
• Work closely with middle office and other operations teams to ensure the daily risk reports capture the full trade population, exposures, and risk accurately.
• Manage RMBS desks' Volcker metric reporting and produce quarterly Reasonably Expected Near Term Demand analysis to allow the desk to claim Market Making exemption under the Volcker framework.

Required Qualifications:

• 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

Desired Qualifications:

• A BS/BA degree or higher in finance, mathematical finance, economics, engineering, mathematics, or physics is ideal
• Industry certifications such as FRM or the CFA designation.
• Experience in asset-backed markets and associated traded products, such as RMBS, CMBS, ABS, and CLO
• Expertise in fixed income and derivative securities
• Advanced Microsoft Excel skills
• Exhibit strong aptitude in SQL, Python, VBA and/or other computer programming languages
• Excellent verbal, written, and interpersonal communication skills
• Strong analytical skills with high attention to detail and accuracy
• Experience developing partnerships and collaborating with other business and functional areas
• Ability to take initiative and work independently with minimal supervision in a structured environment

Posting Locations:

• 550 S. Tryon Street - Charlotte, North Carolina

Job Expectations:

• Required location listed above.
• 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:
4 Aug 2025
*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.
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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.