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Counterparty Risk Analysis & Reporting

  • Governance & Controls
  • Full time
  • R-379975

About this role:

Wells Fargo is seeking a Market Risk Specialist for its Wholesale Counterparty Credit Risk (WCCR) team to primarily work on Desk Limit Program ( DLP). The program is conducted for the Asset Backed Financing (primarily short-dated trading of cash products) and Secondary Loan Trading product lines.

In this role, you will:

  • Participate in developing, maintaining and providing oversight of market, interest rate and counterparty risk activities across the enterprise
  • Identify opportunity to ensure risk remains within established risk appetite in Market Risk
  • Perform or evaluate basic risk models such as trading, market, interest rate, delivery and counterparty credit risk exposures
  • Ensure that risks within the business are properly identified and consistent with the Risk Management Framework
  • Present recommendations for resolving risk issues, limits or capital use and provide reporting while also assessing theory and mathematics behind various models
    • Exercise independent judgment while developing expertise to perform activities for evaluating and approving risk models
  • Collaborate and consult with management and board of directors to provide periodic or scheduled risk reports that present a
    companywide view of risk management

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:

  • Communicate with trading desk and other stakeholder within Risk teams and
  • Acting as primary contact for Front Office personnel to request new or changes to limits; provide lifecycle of monitoring for Front Office and WCCR management; escalate unresponsiveness issues to WCCR management.
  • 3+ 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
  • Coordinating requests with Risk, including the tracking of the request and the constituent/financial documents associated with onboarding
  • Reporting new business flows, as well as the tracking of new requests / onboarded accounts to business credits.
  • Inputting credit limits (MPE, TRE, tenor) into Wells Fargo Risk System.
  • Underwriting of Funds, Limit Management, Regulated Funds Portfolio Underwriting. Hedge Funds Underwriting and Portfolio management and Monitoring

Posting End Date: 

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

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

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 US: 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.

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.

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

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