About this role:

Wells Fargo is seeking a Lead Market Risk Officer. This role sits within the Rates Market Risk Oversight team, supporting Interest Rate Trading and Repo & Structured Financing risk businesses. The position focuses on risk governance, model oversight, stress testing, and data-driven risk analysis, partnering closely with Front Office, Risk Analytics, Finance, and Technology. The Market risk specialists are responsible for ensuring the completeness and accuracy of all market risk measurements, including risk factor sensitivities, Value-at-Risk (VaR) and stress scenarios.

The Corporate Market Risk Group (CMRG) within Market & Counterparty Risk Management (MCRM) provides independent oversight, governance, and credible challenge of market risks across Wells Fargo.

Lead Market Risk Officer within the Rates Market Risk Oversight team will provide primary market risk coverage, independent challenge, and oversight of the Global Swaps, Treasury, Agency, Repo & Structured Financing trading desks. The role is responsible for the effective identification, monitoring, assessment, and governance of market risk exposures arising from these businesses, while serving as a trusted risk partner to Front Office management and other key stakeholders.

In this role, you will:

• Provide senior market risk coverage, independent challenge, and oversight across the Swaps, Treasury, Agency, Repo & Structured Financing trading desks, and serving as the Lead Market Risk Officer for designated trading desks and a key contributor to coverage of the remaining businesses.

•  Utilize market risk measures, including Value-at-Risk (VaR), stress testing, and risk factor sensitivities, to monitor, assess, report, and challenge market risk exposures arising from the Treasury, Agency, Repo & Secured Financing, and Interest Rate trading desks.

• Partner with the Macro Market Risk Oversight team and Front Office stakeholders to maintain a comprehensive and effective market risk mandate, ensuring alignment with business activities and risk appetite.

• Develop and enhance market risk reporting to provide transparent and actionable insights into risk concentrations, limit utilization, and drivers of trading profit and loss.

• Engage closely with Front Office teams and CIB business partners to provide market risk guidance and support for new products, transactions, and business initiatives.

• Review and challenge complex models, valuation methodologies, and product structures to ensure risks are appropriately identified, measured, and captured in accordance with the market risk mandate and enterprise risk management standards.

• Lead market risk participation in regulatory and firmwide risk management initiatives, including CCAR, stress testing, scenario design, and Volcker Rule metric reviews.

Required Qualifications:

• 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

Desired Qualifications:

• Demonstrated experience in market risk management, trading, quantitative analysis, or a related capital markets function, with strong expertise in either (i) interest rate derivatives, including rates options or (ii) fixed income, structured credit, and financing products, including repo, reverse repo, CLOs, RMBS, ABS, and corporate credit. Proven ability to assess market risk exposures, valuation drivers, hedging strategies, and risk-reward trade-offs across these products.

• Experience partnering with a broad range of capital markets stakeholders, including Trading, Quantitative Analytics, Finance, Operations, and Technology, to achieve business objectives while providing effective risk oversight and independent challenge.

• Ability to work independently, manage competing priorities, meet deadlines, and operate effectively in a dynamic, fast-paced, and data-driven environment.

• Strong understanding of pricing models, valuation methodologies, and market risk measurement techniques, including Value-at-Risk (VaR), stress testing, and risk factor sensitivities, with hands-on experience monitoring, analyzing, and reporting market risk exposures.

• Experience supporting market risk governance activities, including risk appetite monitoring, limit frameworks, limit utilization, risk escalation, and adherence to risk management policies.

• Exposure to stress testing and scenario analysis, including the design and execution of stress scenarios and participation in regulatory or enterprise-wide exercises (e.g., CCAR).

• Familiarity with model monitoring, model validation, or quantitative analysis, including understanding model assumptions, limitations, and performance under changing market conditions.

• Advanced proficiency in Microsoft Excel (including VBA).

• Proficiency in SQL.

• Strong analytical and quantitative skills with exceptional attention to detail.

• Excellent verbal and written communication skills, including the ability to translate complex market and risk concepts into clear, actionable insights for senior management and business partners.

• FRM designation preferred.

• CFA designation preferred.

• Bachelor's degree or higher in Finance, Financial Engineering, Quantitative Finance, Mathematics, Physics, Engineering, or another quantitative discipline.

Job Expectations:

• Willingness to work on-site at stated location on the job opening

• This position currently offers a hybrid work schedule

Job Posting Locations:

• 30 Hudson Yards, New York

Pay Range

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.

Posting End Date:

*Job posting may come down early due to volume of applicants.