Senior Market Risk Specialist

About this role:

Wells Fargo is seeking a Senior Market Risk Specialist...

In this role, you will:

• Be part of MFO team of CIB/WFHL and collaborate with the business and cross-functional partners to provide model oversight and governance on model use, risk ranking, inventory challenge, model change management and ongoing performance monitoring for traded risk models according to Model Risk policy and procedures, in particular for front-office models.
• Participate in developing quantitative standards for aggregate model framework risk oversight and assessment.
• Perform independent E2E oversight, assessment, quantification, and challenges of aggregated model risk and related uncertainties for large model frameworks
• Participate in enhancing the existing governance process, support RCSA and audit
• Support communications with senior management, governance committees, and other internal and external stakeholders

Required Qualifications, International:

• 5-8 years of experience in one or a combination of the following: Market risk, Capital Markets, trading, interest rate risk, Fixed Income, Currency, Commodities, Equities Sales & Trading, Credit Risk Management, or related fields.
• MS/ MTech / PhD - with experience in risk management, finance, mathematical finance, or economics. Expertise in pricing derivative securities
• Have a background in advanced quantitative analysis, testing and model development/validation responsibilities
• Ability to interact with a broad set of stakeholders across the firm and process/project management

Desired Qualifications:

• Market Risk or CIB Risk experience in managing global complex and multi asset derivatives exposures
• Ability to understand traded products, data flow across systems, complex CIB credit product structures, and ideally well-versed in capital markets products.
• Highly skilled communicator who ensures key messages are cascaded throughout the organization
• Ability to liaise with businesses and risk portfolio leads and manage multiple front-line demands
• Navigate organizational complexity and break silos.
• Creates and sustains a network of strong partnerships with the business in all segments & geographies and other risk functions
• Proven ability to effectively engage with internal control functions including Internal Audit and Risk
• Demonstrates strong conduct, ethics and integrity.

Job Expectations:

Posting End Date:

*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.