Lead Market Risk Officer

Are you looking for more? Find it here. At Wells Fargo, we're more than a financial services leader – we’re a global trailblazer committed to driving innovation, empowering communities, and helping our customers succeed. We believe that a meaningful career is much more than just a job – it’s about finding all of the elements to help you thrive, in one place.

Living the Well Life means you’re supported in life, not just work. It means having robust benefits, competitive compensation, and programs designed to help you find work-life balance and well-being. You’ll be rewarded for investing in your community, celebrated for being your authentic self, and empowered to grow. And we’re recognized for it – Wells Fargo once again ranked in the top three – making us the #1 financial services employer – on the 2025 LinkedIn Top Companies list of best workplaces “to grow your career” in the U.S. Join us!

About this role:

Wells Fargo is seeking a Lead Market Risk Officer to join the Enterprise Counterparty Risk Management (ECRM) Team. 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:

• Assist in day-to-day troubleshooting, including investigating counterparty credit risk systems, limit excesses, or model issues then propose potential improvements.

• Perform ad-hoc analysis - stress testing, scenario analysis - to support risk management decision making and/or management inquiries.

• Ensure that non-standard trade structures and documentation can be properly supported by risk systems and models. 

• Provide holistic oversight of counterparty risk across the portfolio, identifying any material shifts in risk profile or credit metrics, escalating as necessary to the relevant stakeholders.

• Develop, enhance and generate counterparty risk reports for traded product portfolios.

• Prepare counterparty credit risk presentations and internal credit documents - policies, procedures, memos.

• Execute assigned RCSA controls and ensure supporting procedures and documentation remain current and effective.

• Collaborate across business line functions in development and implementation of new business initiatives.

• Lead or participate in risk program development and maintenance.

• Work with various internal trading desks and credit and risk teams to remediate issues and implement enhancements.

• Identify and implement enhancements to risk management frameworks and programs for counterparty credit risk through close collaboration with Banking, Credit, and Legal.

• Leverage solid understanding of risk management practices and provide input and challenge with focus on risk disclosures, remediation, due diligence, suitability, and reputation risk.

• Foster strong relationships with business partners in Sales and Trading, Banking, Credit, Control, Legal, Operations, Technology, and Risk Analytics.

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 Traded products, pricing models and markets.

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

• 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

• Advanced Microsoft Office Skills - Excel VBA.

• Proficiency in Microsoft SQL, and Python.

• Ability to think critically and formulate independent judgment supported by sound rationale.

• Strong analytical skills with high attention to detail.

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

• Strong communication and interpersonal skills with the ability to clearly convey complex topics in a concise manner.

• 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.

Posting Locations:

550 S Tryon St, Charlotte, NC

North Carolina – Charlotte Pay Range: $139,000.00 - 217,000.00 USD Annual

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.