Senior Lead Prime Services Counterparty Risk Officer

About this role:

Wells Fargo is seeking a Senior Lead Market Risk Officer in the Prime Services Risk Management function in Enterprise Counterparty Risk Management (ECRM).

Prime Services Risk Management is responsible for the daily risk management, margining framework, risk assessment, and monitoring of counterparty credit risk generated by the Prime Services 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 and market risk across Prime Services activities, partnering with business, sales, and operations teams to understand business strategies, key risk drivers, and emerging exposures.

• Define, enhance, and communicate Prime Services risk metrics and methodologies, including exposure modeling, VaR, stress testing, margin analysis, and exposure analytics, to senior management and risk committees.

• Maintain and strengthen risk governance frameworks, reporting processes, and procedures, collaborating with technology, data, and model governance teams to improve risk measurement and control effectiveness.

• Represent Prime Services Risk in enterprise risk committees, stress testing forums, model governance reviews, new product approval processes, and other risk governance activities.

• Coordinate risk oversight during market stress events and regulatory engagements, ensuring timely exposure assessments, escalation of material risks, senior-level communication, and support for regulatory examinations and internal audits.

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 hedge fund strategies and hedge fund portfolio analysis.

• Strong experience in Prime Services Risk.

• Advanced analytical skills with the ability to interpret, evaluate, and challenge risk models, stress‑testing methodologies, and margin frameworks.

• Deep knowledge of counterparty credit risk, margin methodologies, stress testing, liquidity risk, and concentration risk management, with the ability to independently challenge risk-taking activities and risk frameworks.

• Demonstrated experience with MSCI RiskMetrics.

• 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. 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

Job Location

• 150 E 42nd, New York

 US Only Pay Range:

·       New York- New York Pay Range: $185,000.00- $300,000.00 USD Annually

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.

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:

*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.