Lead Market Risk Officer – Counterparty Capital Product Owner

About this role:

Wells Fargo is seeking a Lead Market Risk Officer within Market & Counterparty Risk Management (MCRM) to support the MCRM Infrastructure Strategy (MCRM IS) team. MCRM IS is responsible for implementing the technology infrastructure for traded products, covering regulatory capital, providing risk oversight across a broad range of mark-to-market exposures, including fixed income, equities, commodities, foreign exchange, traded credit, and securitized products. The team partners closely with Corporate & Investment Banking, Risk Analytics, Technology, Finance, and Independent Risk Management to develop and enhance stress testing methodologies, assess and challenge risk outcomes, strengthen risk measurement frameworks, and support regulatory capital initiatives. Learn more about our career areas and business divisions at wellsfargojobs.com.

In this role, you will:

• Develop and maintain infrastructure for counterparty capital risk activities
• Act as the Product Owner for all technology changes for counterparty capital
• Plan deliverables for technology release cycles for counterparty capital
• Act as key participant in analytical techniques to solve complex financial problems for counterparty risk capital
• Provide technical experience and provide coaching to less experienced consultants
• Conduct quantitative impact assessments, interpret regulatory requirements, and support key counterparty risk capital deliverables.
• Partner with Risk Analytics, Technology, Treasury, and Market Risk teams to ensure counterparty capital calculations are accurate, validated, reconciled, and aligned with regulatory expectations.
• Lead and support strategic initiatives focused on enhancing counterparty risk capital frameworks, methodologies, processes, and infrastructure.
• Contribute to broader market and counterparty risk activities, including senior management reporting, CCAR, regulatory examinations, and other risk and capital-related deliverables.

Required Qualifications:

• 5+ 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:

• Experience in counterparty risk management and regulatory capital frameworks.
• Knowledge of Basel 3 regulatory capital, and proposed changes to the regulations (Basel 3 Endgame).
• Strong understanding of derivatives, securities financing transactions, counterparty credit risk, and Credit Valuation Adjustment (CVA).
• Experience working within strategic project management and large-scale transformation initiatives.
• Strong technical and analytical skills, including proficiency with VBA, SQL, and/or other programming or scripting languages.

Job Expectations:

• Required location listed below. Relocation assistance is not available for this position.
• This position is not eligible for VISA sponsorship

Posting Location:

• 550 S. Tryon Street - Charlotte, North Carolina

• 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: 

*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.