Senior Lead Market Risk Officer

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About this role:

Wells Fargo is seeking a Senior Lead Market Risk Officer to join the Enterprise Counterparty Risk Management (ECRM) Team. Learn more about the career areas and lines of business at wellsfargojobs.com. The Enterprise Counterparty Risk Management (ECRM) Team within Market and Counterparty Risk Management (MCRM) is responsible for providing independent identification, monitoring, and credible challenge of counterparty risks across the Wells Fargo Enterprise for all capital markets traded products. ECRM professionals work with the business groups that originate and manage counterparty risk including Corporate and Investment Bank, Commercial Bank, Wealth and Investment Management, Consumer Lending, and Treasury. Capital markets transactions include Derivatives (Rates, FX, Commodities, CDS, and Equities), Securities Trading, and Securities Financing.

In this role, you will:

• Lead counterparty credit risk oversight for collateral management activities across Markets businesses, ensuring alignment with the firm's risk appetite and regulatory expectations.

• Lead the annual review and challenge process for collateral haircut schedules/grids, including evaluation of market liquidity, volatility, wrong-way risk, and stress performance.

• Provide independent risk oversight of collateral eligibility frameworks, concentration limits, valuation methodologies, and margin processes.

• Ensure all collateral management exceptions, breaches, and limit overrides are identified, documented, escalated, approved, and tracked in accordance with firm policy and governance standards.

• Execute and oversee RCSA (Risk and Control Self-Assessment) controls, ensuring timely completion, evidence retention, and remediation of identified control weaknesses.

• Review and challenge the design and effectiveness of collateral management-related RCSA controls, KRIs, and monitoring processes.

• Partner with Markets, Credit Risk, Legal, Operations, Treasury, and Compliance teams to assess and implement changes to collateral management practices and governance.

• Lead risk review and approval of updates to the Collateral Management Policy, including evaluation of new acceptable collateral types, collateral optimization initiatives, and regulatory-driven changes.

• Assess emerging risks associated with new products, market structure changes, clearing initiatives, and collateral transformation programs.

• Monitor collateral disputes, settlement failures, valuation disagreements, and operational incidents, ensuring appropriate root cause analysis and corrective actions.

• Escalate material risks, control deficiencies, policy exceptions, and emerging issues to senior management and relevant governance committees.

• Produce risk reporting and management information for senior leadership, risk committees, and regulatory examinations.

• Lead independent challenge of collateral methodologies, margining practices, and exposure mitigation strategies, including bilateral and cleared derivatives, securities financing transactions, and prime brokerage activities.

• Evaluate the adequacy of collateral coverage under stressed market conditions and support collateral-related stress testing activities.

• Coordinate issue management activities, including development, tracking, validation, and closure of corrective action plans.

• Support internal audit, regulatory reviews, and examinations by providing collateral management subject matter expertise and coordinating responses to requests.

• Promote a strong risk and control culture by ensuring adherence to policies, procedures, and regulatory requirements.

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:

• Expert level experience working with a broad range of capital markets business partners including trading, finance, operations, and technology.

• Expert level experience working in traded products and markets.

• Strong knowledge of collateral management, margining, securities financing transactions, OTC derivatives, and counterparty credit risk.

• Experience with regulatory requirements impacting collateral and margin practices.

• Understanding of derivative pricing models and risk measurement calculations such as PFE, VaR, stress scenarios and risk factor sensitivities. 

• Familiarity with trading desk operations and systems, i.e. Calypso, Endur, is preferred.

• Demonstrated experience leading RCSA, issue management, policy governance, and risk oversight activities.

• Ability to effectively challenge business practices while maintaining strong partnership with front office and infrastructure teams.

• Strong analytical, communication, and executive presentation skills.

• Proficiency in Microsoft SQL, and Python.

• Ability to work independently, assess issues, make quick decisions, implement solutions, build relationships across teams, and influence change.

• Highly organized and able to prioritize multiple tasks, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment.

• Financial Risk Management Certificate, FRM, Chartered Financial Analyst, CFA, or Advanced Degree in Finance, Business Administration, or a quantitative field is preferred.

Job Expectations:

• Willingness to work on-site at stated location on the job opening.

• This position offers a hybrid work schedule.

• This position is not eligible for Visa sponsorship. 

• This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire. In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer. Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents.

• Specific compliance policies may apply regarding outside activities 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.