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Market & Counterparty Risk Specialist

AT Wells Fargo
Wells Fargo

Market & Counterparty Risk Specialist

Charlotte, NC

Wells Fargo is seeking Market Risk Specialists to join Market & Counterparty Risk Management teams.

You will support development and gain a strong understanding of market risk exposures and regulatory requirements for CCAR FR Y-14Q, reviewing & validating trading exposures for this schedule. You will develop scenarios for a broad range of trading products and liaise with risk managers to ensure capture of risks across complex traded securities, derivative products, commodities, etc. The ideal candidate should have knowledge of traded products, regulatory CCAR/14Q deliverables, CVA, proven ability to work across business specialists and technology, good analytical acumen, and strong written and oral skills. For additional information on this line of business, please refer to the external Careers Site at www.wellsfargojobs.com

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In this role, you will:
  • Build and maintain project plan for CCAR regulatory schedule and scenario design
  • Provide support towards completion of regulatory reports
  • Develop and maintain stresses for traded products
  • Perform regular analysis and provide oversight over the changes in stress results.
  • Develop and manage relationships with multiple business partners across lines of business, risk oversight officers, internal audit, technology, and risk analytics groups
  • Understand relevant business, regulatory, and risk requirements pertaining to market risk stress testing and participate in ongoing audit, and regulatory exams
Required Qualifications:
  • 2+ years of market risk, Capital Markets, desk analyst, trading, interest rate risk or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications:
  • Highly organized and able to prioritize multiple tasks, meet deadlines, achieve goals, and deliver in a dynamic and complex environment
  • Excellent verbal, written, and interpersonal communication skills
  • Understanding of trading products across multiple asset classes as well as market and counterparty risk management concepts
  • Advanced MS Office skills (i.e. excel, VBA, pivot tables, XLOOKUPS)
  • Working knowledge of systems, grasp over SQL and programming languages (i.e. basic python)
  • A BS/BA degree or higher in a quantitative discipline (i.e. statistics or mathematics)
  • Knowledge and understanding of CCAR/DFAST stress testing and FR Y-14Q requirements
  • Experience working with regulators and internal audit teams
Job Expectations:
  • This opportunity provides a hybrid work schedule the posted location
  • 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.

Posting End Date:
2 Jan 2025
*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.

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.

Client-provided location(s): Charlotte, NC, USA
Job ID: WellsFargo-R-425664
Employment Type: Full Time

Perks and Benefits

  • Health and Wellness

    • Health Insurance
    • Health Reimbursement Account
    • Dental Insurance
    • Vision Insurance
    • Life Insurance
    • FSA
    • HSA
    • Mental Health Benefits
    • Short-Term Disability
    • Long-Term Disability
  • Parental Benefits

    • Adoption Assistance Program
    • Family Support Resources
    • Birth Parent or Maternity Leave
    • Non-Birth Parent or Paternity Leave
    • Fertility Benefits
    • Return-to-Work Program
  • Work Flexibility

    • Hybrid Work Opportunities
  • Office Life and Perks

    • Commuter Benefits Program
  • Vacation and Time Off

    • Paid Vacation
    • Paid Holidays
    • Personal/Sick Days
    • Volunteer Time Off
  • Financial and Retirement

    • 401(K) With Company Matching
    • Performance Bonus
    • Stock Purchase Program
  • Professional Development

    • Tuition Reimbursement
    • Access to Online Courses
    • Internship Program
    • Associate or Rotational Training Program
    • Promote From Within
    • Mentor Program
  • Diversity and Inclusion

    • Employee Resource Groups (ERG)
    • Diversity, Equity, and Inclusion Program
    • Unconscious Bias Training

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