Senior Market Risk Specialist - Interest Rate Volatility & Structured Notes

About this role:

Wells Fargo is seeking a Senior Market Risk Specialist . This role sits within the Rates Market Risk Oversight team, supporting Interest Rate Volatility Trading, Structured Solutions, and Structured Notes businesses. The position focuses on risk governance, model oversight, stress testing, and data-driven risk analysis, partnering closely with Front Office, Risk Analytics, Finance, and Technology. The Market risk specialists are responsible for ensuring the completeness and accuracy of all market risk measurements, including risk factor sensitivities, Value-at-Risk (VaR) and stress scenarios.

The Corporate Market Risk Group (CMRG) within Market and Counterparty Risk Management (MCRM) provides independent oversight, governance, and credible challenge of market risks across Wells Fargo.

Wells Fargo is seeking a Senior Market Risk Specialist for the Rates Market Risk Oversight team, focused primarily on the Interest Rates Volatility Trading, Structured Solutions and Structured Notes businesses.  

In this role, you will:

• Utilize market risk measures such as Value-at-Risk (VaR), stress scenarios and risk factor sensitivities to monitor, report and constrain market risk exposures originating from the market-making activities of the Interest Rates Vol Trading business as well as Structured Solutions and Structured Notes businesses.

• Collaborate with CMRG management, Macro Market Risk Oversight and Rates Vol and Structured Notes team members to maintain an effective and comprehensive market risk mandate.

• Maintain and enhance market risk reporting routines to effectively communicate risk concentrations, market risk limit usage and sources of trading profit/loss.

• Engage with Front Office team members and CIB business partners to ensure sufficient market risk support for new business initiatives.

• Analyze complex models and products to ensure comprehensive market risk capture, consistent with the market risk mandate and higher-level risk management policies.

• Participate in recurring regulatory and risk management engagements such as CCAR, stress scenario design and Volcker metric review.

Required Qualifications:

• 4+ 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 working with a broad range of capital markets business partners including trading, quantitative partners, finance, operations, and technology to complete shared business objectives, with demonstrated ability to provide risk insights and challenge effectively.

• Ability to work independently, meet deadlines, and operate effectively in a dynamic, fast-paced, and data-driven environment, including managing daily risk monitoring and reporting responsibilities.

• Strong understanding of derivative pricing models and risk measurement calculations such as Value-at-Risk (VaR), stress scenarios, and risk factor sensitivities, along with hands-on experience in risk monitoring, reporting, and analysis (e.g., daily VaR reporting, sensitivities, stress testing, and identifying risk concentrations and P&L drivers).

• Experience supporting risk governance and oversight activities, including monitoring risk exposures, desk limits, and limit utilization, and contributing to risk framework adherence and escalation processes.

• Exposure to stress testing and scenario analysis, including designing or running stress scenarios and contributing to regulatory or enterprise risk exercises (e.g., CCAR).

• Familiarity with model monitoring, model validation, or quantitative analysis, including reviewing model performance, understanding assumptions, and adapting to changing market conditions.

• Advanced Microsoft Office Skills (Excel VBA)

• Proficiency in Microsoft SQL

• Strong analytical and quantitative skills with high attention to detail

• Strong spoken and written communication skills, including the ability to translate complex risk and market concepts into clear insights

• Financial Risk Management Certificate (FRM) preferred

• Chartered Financial Analyst (CFA) preferred

• Bachelor’s or advanced degree in a quantitative discipline or demonstrated quantitative rigor through academic or professional experience (e.g., Finance, Financial Engineering, Quantitative Finance, Mathematics, Physics, or related fields)

Job Expectations:

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

• Relocation Assistance not available

• 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, 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.

Job Posting Locations:

• 550 S Tryon St, Charlotte, NC

• 110832-NY-30 Hudson Yards, New York

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.