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.
Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk.
The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.
The Market & Counterparty Risk Management (MCRM) organization within Corporate Credit & Market Risk is responsible for ensuring an appropriate Risk Management framework exists for products offered by the primary trading desks with particular emphasis on Counterparty Credit Risk. The Risk Management framework includes the identification, measurement, approval, pricing, aggregation and reporting of counterparty credit risk.
The Regulatory Reporting Team within Market & Counterparty Risk Management is responsible for implementing business processes necessary to facilitate compliance with challenging and changing regulations related to regulatory reporting. The purpose of this position is to provide technical business analysis and production support for all MCRM regulatory reporting requirements. In addition, a key focus for this position will be to work closely with reporting architecture, middle office, stress testing and technology teams to enhance the production, tools, and analysis capabilities of the group in order to meet heightened G&O and regulatory requirements.
MCRM is seeking an experienced Market Risk Officer to assist with the production of the FRY-14Q Schedule F and L. This role will participate in the production of and enhancements to sub-schedule F and L. The role will be heavily focused on producing and enhancing the 14Q schedule F report, interacting with stakeholders, and implementing process enhancements to the report production process. In addition, this role will require regular interaction with and presentation to leaders and other stakeholders across the Market & Counterparty Risk Management organization. Responsibilities will include:
Maintain a thorough understanding of relevant business, regulatory and risk requirements pertaining to FRY-14A/Q as well as maintaining an awareness of current regulatory trends, proposals and resulting impacts
Produce, review and submit the FRY-14A/Q schedule F and L
Creating new processes as needed to enhance and/or improve reporting & oversight functions
Document data, process and methodology requirements related to the FRY-14A/Q submission
Ensure the FRY-A/Q production process adheres to Governance and Oversight requirements
Work closely with the Enterprise Regulatory Reporting team and Treasury to ensure all FRY-14A/Q reporting requirements are met
Building data verification tools and improved processes with Technology and others to correct any errors in processing
Partner with MCRM Technology group on technical issues and strategic enhancements
Participating in ad hoc projects
7+ years of experience in one or a combination of the following: market risk, capital markets, trading, or interest rate risk
Intermediate Microsoft Office skills
Strong analytical skills with high attention to detail and accuracy
Excellent verbal, written, and interpersonal communication skills
A Master's degree or higher in accounting, finance, or economics
A Masters of Business Administration (MBA) or Chartered Financial Analyst (CFA) Designation
Financial Risk Management Certificate (FRM)
3+ years of risk management experience
Experience communicating with business partners and project managers
Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
3+ years of SQL experience
Other Desired Qualifications
Extensive hands-on experience with Microsoft SQL Server DBMS
Knowledge of regulatory reporting best practices
Knowledge and understanding of VB (Visual Basic) or Python
Knowledge and understanding of tools such as: SSAS, SSIS, SSRS, and TSQL
Driven to meet deadlines and go the extra mile when facing technological & business obstacles
Able to describe key components of complicated concepts clearly to non-experts
3+ years of experience in Counterparty Risk, Market Risk, Trading, Technology, Middle Office, and/or related roles is highly desired
Able to work effectively with senior managers, traders, finance, technology, and others
Knowledge of a variety of asset classes and trading products
Knowledge and experience with sensitivity and stress calculations
Understanding of market risk (valuation, Monte Carlo, Greeks, VaR, CVA) methodologies and systems
Familiarity with trading assets and derivatives
Ability to multi-task, make sound judgment, take initiative, team player
Experience on or supporting a trading desk
To be determined
NC-Charlotte: 301 S College St - Charlotte, NC
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.
Internal Number: 5550896
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
www.wellsfargo.com | Twitter: @WellsFargo