Lead Market Risk Officer, Interest Rate Risk

About this role:

As a Lead Market Risk Officer, you play a pivotal role within the Interest Rate Risk (IRR) team, reporting directly to the Head of IRR Oversight. The primary focus will be oversight of the Net Interest Income (NII) baseline forecast and Interest Rate Risk (IRR) NII analytics.  Learn more about the career areas and business divisions at wellsfargojobs.com.

In this role, you will:

• Monitor baseline and NII sensitivity impacts, engaging with First Line Balance Sheet. Management as well as other key business partners in model risk, operational risk, and finance
• Oversee the interest rate risk framework, including the firm’s risk appetite metrics and Interest Rate Risk Management Policy.
• Engage in product specific reviews of various investment, loan and liability types to understand the effect on interest rate risk metrics
• Analyze interest rate risk modeling approaches and assumptions, including deposit and mortgage modeling.
• Understand themes and trends across relevant risk types that affect interest rate risk.
• Provide balance sheet forecasting technical experience and provide coaching to less experienced analysts
• Provide an understanding of operational and control issues related to interest rate risk management as well as the tools used to oversee these risks (e.g. RCSA).
• Identify and escalate risk and control issues with transparency, in a timely manner and in accordance with Company policies and procedures.

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:

• Balance sheet-wide forecasting or interest rate risk management experience in either a front line, independent risk management (IRM), audit or regulatory capacity. Experience should include risk measurement, reporting and analysis.
• Demonstrate a strong understanding of IRR management tools (e.g. economic value of equity and earnings at risk), capital markets, wholesale funding and hedging. Experience with financial and accounting concepts.
• Demonstrate familiarity with IRR models in theory and practice.
• Possess strong analytical skills with high attention to detail and accuracy as well as the ability to understand problems, identify solutions and develop clear options and recommendations.
• Ability to work with others collaboratively for team success.
• Demonstrate excellent verbal, written, and interpersonal communication skills; experience presenting to senior management.
• Bachelor’s degree in a discipline, such as Economics, Finance, Math, Accounting or similar major.

Job Expectations:

• This position offers a hybrid work schedule.
• This position is not eligible for Visa sponsorship

Job posting may come down early due to volume of applicants

US Pay Range Only:

North Carolina, Charlotte Pay Range:  $139,000.00- $217,000.00 annually

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.