About this role:

The Corporate Market Risk Group (CMRG) within Market and Counterparty Risk Management (MCRM) is responsible for providing independent identification, monitoring, and credible challenge of market risks across Wells Fargo Corporation. Market risk officers work closely with multiple lines of business and Corporate and Investment Bank (CIB) business partners, including Risk Analytics, Technology, Finance and Operations. Team members are also responsible for ensuring the completeness and accuracy of all market risk measurements, including risk factor sensitivities, Value-at-Risk (VaR) and stress scenarios.

Wells Fargo is seeking a Market Risk Specialist for the Rates, Commodities and Foreign Exchange (FX) Market Risk Oversight team.

In this role, you will:

• Utilize market risk measures such as VaR, stress scenarios and risk factor sensitivities to monitor, report and constrain market risk exposures originating from the market-making activities of the Rates, Commodities and FX Trading businesses.
• Maintain and enhance market risk reporting routines to effectively communicate risk concentrations, market risk limit usage and sources of trading profit/loss.
• Perform periodic analysis of risk concentrations and provide recurring updates to CMRG leadership on exposures and sources of trading profit/loss.
• Provide analytical support for market risk mandate limit recalibrations and review.
• Collaborate with trading and other CIB business partners to ensure adequate market risk support for new business initiatives.

Required Qualifications:

• 2+ years of market risk, Capital Markets, desk analyst, trading, interest rate risk or equivalent through one or a combination of the following: work experience, training, military experience, education.

Desired Qualifications:

• Ability to work independently, meet deadlines and work under pressure in a dynamic and fast-paced working environment.
• Foundational understanding of derivative pricing models and risk measurement calculations such as VaR, stress scenarios and risk factor sensitivities.
• Strong technical and analytical skills (Excel VBA, SQL, Python).
• Strong spoken and written communication skills.
• BS/BA degree or higher.
• Progress toward completion of professional designations such as Chartered Financial Analyst (CFA) and Financial Risk Management (FRM) is preferred.

Job Location:

• 550 S. Tryon Street - Charlotte, North Carolina

Job Expectations:

• Ability to work at one of the approved locations in the job posting.
• This position is not eligible for Visa sponsorship.
• Compliance with in-office policy.

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.

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.