About this role:
Wells Fargo is seeking a Lead Market Risk Officer within Corporate Risk and as part of the Finance Risk Management group on the Legal Entity Interest Rate Risk (IRR) team. Learn more about our career areas and business divisions at wellsfargojobs.com.
This is a key role within the Legal Entity IRR team, and reports to the Head of Legal Entity IRR. The position will cover a broad range of items associated with overall Legal Entity IRR independent risk oversight including domestic legal entities and certain Non- US Legal Entities. This position will support interest rate risk assessments of multiple branches and legal entities in the context of balance sheet risk, local ALM risk regulatory expectations, as well as ensure adherence with Wells Fargo's Risk Management Framework. A successful candidate will possess self-initiative along with strong market or interest rate risk management expertise, analytical capabilities, and robust verbal and written communication skills.
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In this role, you will:
Responsibilities of this position include, but are not limited to:
- Legal entity IRR Risk assessment and continuous monitoring of various domestic legal entities and certain Non- US Legal Entities, including respective ALM risk measurements and analytics.
- Communication with multiple business partners including risk and line of business staff, risk management partners in treasury, market, credit, investment and technology functions. Work with these teams to understand the business, risk appetite, risk profile and risk metrics of various entities.
- Support development of appropriate ALM risk measurements and limits, work with reporting and analytics teams to ensure proper communication and escalation of risk issues to stakeholders and oversight committees.
- Work with stakeholders to ensure compliance with local ALM risk regulatory expectations and the firm's Risk Management Framework.
- Support stress testing, regular review and formal challenge sessions in the context of business as usual and stress testing analysis.
- 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
- Significant balance sheet-wide 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.
- Prefer global experience in interest rate risk management.
- Demonstrate familiarity with IRR models in theory and practice. QRM experience is a plus.
- Demonstrate capabilities in leadership, relationship building, proactive management skills as well as experience with project management tools and approaches.
- 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.
- Ability to synthesize information to identify key risks, customer impact, financial implications, delays that could impact delivery, and issues that pose material risk to the project or business.
- Reliable, results driven individual with a track record of completing goals and objectives.
- Experience in an environment that requires attention to detail, critical thinking and problem-solving skills.
- Ability to work independently and build relationships across teams.
- Should possess advanced Microsoft Office skills.
- Bachelor's degree in a quantitative discipline, such as Economics, Finance, Math, Accounting or similar quantitative major. Advanced degree in a related area preferred.
- This position offers a hybrid work schedule
- This position is not eligible for Visa sponsorship
Pay Range
Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$120,400.00 - $250,000.00
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
28 Nov 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.
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.