Wells Fargo is seeking a Market Risk Specialist to join the stress testing team within Market & Counterparty Risk Management. The stress testing team leads the regulatory & BAU stress testing initiatives and works across lines of businesses to develop leading risk management & risk measurement practices, leads CCAR initiatives, risk identification, scenario design, execution, and strategic infrastructure development.
This individual will develop a develop a strong understanding of market risk exposures and regulatory requirements for CCAR FR Y-14Q Trading Schedule, reviewing & validating trading exposures for this schedule. Additionally, this individual will develop scenarios for stressing trading exposures and liaise with risk managers to ensure capture of risks across complex traded securities and derivative products. The ideal candidate should have knowledge of traded products, regulatory CCAR/14Q deliverables, proven ability to work across business specialists and technology, 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
- 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
- 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
- This opportunity provides a hybrid work schedule at one of the posted locations
- This position is not eligible for visa sponsorship
19 Dec 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.
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