Lead Market Risk Officer - Market and Counterparty Risk

About the position Wells Fargo is seeking a Lead Market Risk Officer for the Enterprise Counterparty Risk Management (ECRM) organization within Market and Counterparty Risk Management (MCRM), which is responsible for ensuring an appropriate Risk Management framework exists for products offered by the primary trading and lending desks, with particular emphasis on Counterparty Credit Risk. The Counterparty Risk Portfolio Monitoring team within the ECRM organization is responsible for monitoring and performing daily variances, trends, market updates, stress testing, and ad-hoc portfolio analysis across all counterparty metrics. In addition, the team conducts robust portfolio surveillance, analyzes counterparty impacts from market driven events, and provides timely analysis to executive management and regulators. The ideal candidate is a self-starter with deep counterparty risk knowledge, strong analytical skills, exceptional attention to detail, and experience working across cross‑functional teams. This role focuses on developing and implementing expanded risk initiatives, stress testing, portfolio analysis, exposure trend monitoring with key insights, and market driven analysis for senior audiences. The position requires leading initiatives and driving change. In this role, you will: Use counterparty subject matter expertise to implement and monitor new frameworks for enhanced counterparty credit risk management Ensure there are effective processes and rigor with respect to daily, monthly, and quarterly exposure variances and exception validations Provide on-demand analysis based on market driven events and ad-hoc scenarios. Respond to daily and/or trigger-based market updates on counterparty risk portfolio Perform and review daily exposure variance for identification of main drivers and communication of impacts Lead the daily activities of the counterparty exposure monitoring program. Review monthly exposure variance by various dimensions and present the overview of key drivers of exposure variances Learn the risk reporting and control processes and monitor key metrics and trends, with emphasis on escalation of issues or concerns for counterparty risk Review data, risk reporting, and commentary for accuracy, clarity, and completeness Work closely with technology and reporting functions to build out requirements as needed Work closely with risk managers, data teams, technology, and reporting teams to analyze, review, measure, test, and challenge results Maintain updated control framework and documentation per enterprise requirements Understand the variables and market factors that impact the firm’s counterparty risk Understand relevant business, regulatory and risk requirements pertaining to ECRM as well as maintain an awareness of current regulatory trends and resulting impacts Contribute to firm-wide initiatives and regulatory requirements Respond to ad-hoc requests for risk analysis and/or presentations from senior managers, regulators, auditors, and other stakeholders

Responsibilities

• Use counterparty subject matter expertise to implement and monitor new frameworks for enhanced counterparty credit risk management
• Ensure there are effective processes and rigor with respect to daily, monthly, and quarterly exposure variances and exception validations
• Provide on-demand analysis based on market driven events and ad-hoc scenarios.
• Respond to daily and/or trigger-based market updates on counterparty risk portfolio
• Perform and review daily exposure variance for identification of main drivers and communication of impacts
• Lead the daily activities of the counterparty exposure monitoring program.
• Review monthly exposure variance by various dimensions and present the overview of key drivers of exposure variances
• Learn the risk reporting and control processes and monitor key metrics and trends, with emphasis on escalation of issues or concerns for counterparty risk
• Review data, risk reporting, and commentary for accuracy, clarity, and completeness
• Work closely with technology and reporting functions to build out requirements as needed
• Work closely with risk managers, data teams, technology, and reporting teams to analyze, review, measure, test, and challenge results
• Maintain updated control framework and documentation per enterprise requirements
• Understand the variables and market factors that impact the firm’s counterparty risk
• Understand relevant business, regulatory and risk requirements pertaining to ECRM as well as maintain an awareness of current regulatory trends and resulting impacts
• Contribute to firm-wide initiatives and regulatory requirements
• Respond to ad-hoc requests for risk analysis and/or presentations from senior managers, regulators, auditors, and other stakeholders

Requirements

• 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

Nice-to-haves

• Deep counterparty subject matter expertise from prior experience
• Strong understanding of counterparty risk, including but not limited to, the concept and calculation of CCR risk metrics, OTC derivatives, and SFT products
• Ability to identify and drive initiatives independently, collaborate across teams, solution with a sense of urgency, and execute with high quality
• Advanced degree in quantitative field, FRM, or other risk management designation
• Financial Engineering skills or background
• Advanced Microsoft Excel skills, including pivot tables, graphs, and formulas
• Advanced SQL skills – experience with writing new SQL queries as well as understanding and editing existing SQL queries
• Experience with large data sets and use of data analysis to identify trends
• Strong problem solving and analytical skills required to identify root causes, define patterns and collaborate with stakeholders
• Excellent verbal, written and interpersonal communication skills
• Ability to articulate and document complex concepts in a clear, concise manner
• Ability to prioritize work, meet deadlines, achieve goals and work under pressure in a dynamic and complex environment
• Intellectual curiosity with proven ability to learn quickly through others as well as to conduct their own research and analysis

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