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Counterparty Credit Risk, SAVP - Senior Market Risk Specialist

About this role:

APAC Independent Risk Management group is responsible for the risk governance, leadership, and oversight of all activities in the region, ensuring compliance with established risk programs and policies. The group is seeking a Senior Market Risk Specialist for its APAC Wholesale Counterparty Credit Risk team, responsible for underwriting and risk managing a portfolio of non-bank financial institutions (NBFIs) that are active in capital markets trading with the various affiliates of Wells Fargo. Wholesale Counterparty Credit Risk (WCCR), a unit of Independent Risk Management (IRM) within Market and Counterparty Risk Management (MCRM), is responsible for underwriting counterparty credit limits for certain institutional client types - mostly non-bank financial institutions. The role will focus in particular on credit analysis of counterparties in APAC such as insurance companies, broker/dealers, and asset managers.

In this role, you will:

  • Underwrite credit and approve traded product limits for counterparties in APAC which are not covered by any other line of business. Counterparty types include Hedge Funds, Asset Managers, Broker/Dealers and Insurance Companies.
  • Preparation of credit packages and annual reviews;
  • Work with multiple sales/trading desks to understand the business and risks being undertaken with these counterparties;
  • Performing ongoing monitoring of counterparty quality and exposures including investigating trade excesses and exposure variations; limit increases; quarterly certification of existing ratings.
  • Conduct due diligence calls
  • Negotiate and providing guidance in the negotiation of ISDA/CSAs, GMRAs/MRAs
  • Take responsibility for developing region specific counterparty risk reports
  • Daily monitoring of counterparty risk limits

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
  • University Degree

Desired Qualifications:

  • At least 5 plus years of experience in credit underwriting/analysis
  • Experience in dealing with traded products including derivatives, financing trades and structures
  • Experience negotiating legal documentation (ISDAs/CSAs, MSFTAs, GMRAs/ MRAs)
  • Strong Microsoft Office skills – Excel/PowerPoint/Word
  • Strong verbal and written communication skills in English
  • Ability to partner with a wide range of colleagues including sales, trading, legal, operations
  • Strong analytical and process skills
  • Ability to write, organize, and present information in a clear and understandable format to a wide range of audiences
  • Ability to multi-task and work on a variety of time-sensitive tasks / meet deadlines
  • Ability to read Chinese or Japanese is a plus
  • Prior capital markets risk experience in a global financial institution

Posting End Date: 

28 Mar 2024

*Job posting may come down early due to volume of applicants.

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

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 US: 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.

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.


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