Job Description

Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as 'Personal Cell' or 'Cellular' in the contact information of your application.

At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.

Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Market Risk Sr. Associate – Market Risk Reporting Team
At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Corporate Risk helps all Wells Fargo businesses identify and manage risk. We focus on three key risk areas: credit risk, operational risk and market risk. We help our management and Board of Directors identify and monitor risks that may affect multiple lines of business, and take appropriate action when business activities exceed the risk tolerance of the company.

The Market and Counterparty Risk Management (MCRM) organization is responsible for independently overseeing the management of market and counterparty risk (inclusive of price risk) exposures (including monitoring and reporting on aggregate market and counterparty risk exposures across groups, legal entities, geographies, and jurisdictions), and the quality of market risk management practices across the company. More specifically, MCRM facilitates the consistent management of individual and aggregate market risk exposures within Board-approved risk tolerances and limit structures. MCRM is also responsible for stress testing and capital calculations for trading risk.

We are hiring a Market Risk Senior Associate for the Market Risk Reporting Team within Market and Counterparty Risk Management (MCRM). MCRM is responsible for design and production of consolidated Market Risk reporting across businesses and legal entities to inform Wells Fargo's management, Board of Directors, and regulators of Wells Fargo's market risk position as well as any relevant changes to that position. To achieve these goals, the Market Risk Reporting team partners closely with teams across Corporate Risk and the Company, including Market Risk Oversight (MRO), Market Risk Reporting Architecture, Enterprise Risk, Counterparty Risk, Interest Rate Risk, and Finance.
Primary responsibilities for the position include will include, but not be limited to, the following:

Reporting on a daily, monthly, quarterly, and ad-hoc basis
Monitoring, reporting, analyzing, and communicating with MROs, Technology, and other constituents of market risk infrastructure
Maintaining and creating reporting templates
Participating in end-of-day reporting process
Reviewing data and commentary for accuracy, clarity, and completeness
Understanding and applying formatting standards across all relevant reports
Responding to ad-hoc requests for data and/or presentations from senior managers, regulators, Auditors, and other sources

Required Qualifications

5+ years of experience in one or a combination of the following: market risk, capital markets, trading, or interest rate risk

Desired Qualifications

Excellent verbal, written, and interpersonal communication skills
Strong analytical skills with high attention to detail and accuracy
Intermediate Microsoft Office skills
SQL experience

Other Desired Qualifications

Prefer 2+ years of risk management experience
Experience communicating with business partners and project managers
Knowledge of a variety of asset classes and trading products; specifically derivatives
Knowledge and experience with Market Risk methods and measures (VaR, Greeks, stress simulations, etc.)
Experience and ability synthesizing large amounts of complex information and communicating clear and concise takeaways to the required audience
Knowledge and understanding of compiling and preparing executive summaries, whitepaper, and presentations for management/senior leaders
Work experience in Middle-Office or Product Control type function
Familiarity with shared Excel models, templates and related formatting conventions
Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
A BS/BA degree or higher in accounting, finance, or economics is ideal; a Masters of Business Administration (MBA) or Chartered Financial Analyst (CFA) Designation is preferred
Financial Risk Management Certificate (FRM)

Disclaimer

All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.

Market Risk Sr. Associate - Market Risk Reporting Team - Military Veterans

Charlotte, NC

Charlotte, NC