Market Risk Cons 2
The Enterprise Counterparty Risk Management (ECRM) organization within Corporate Credit & Market Risk is responsible for governance and oversight of Counterparty Credit Risk Management across the Wells Fargo Enterprise for capital markets traded products. Key activities include ensuring a sound counterparty credit risk management framework and infrastructure exists to approve, price, identify, measure, aggregate, and report this exposure throughout the firm. Specialized teams exist to focus on specific risk generating LOB's (FCM, Prime Services, Fixed Income, Equities, etc.), Governance, Oversight, Underwriting, Stress Testing/Capital, Risk Architecture, and Data Management
The Regulatory Capital and Stress Testing Group within Enterprise Credit Risk Management (ECRM) is responsible for delivering CCAR results and implementing business processes necessary to facilitate compliance with challenging and changing regulations related to CCAR. The purpose of this position is to provide business analysis and support the CCAR team in project delivery. A key focus for this position will be to understand, track, and manage all Governance & Oversight (G&O) practices, controls, and process flow that impact CCAR. This position will be an integral part of the team and will have to understand and operate various areas that impact CCAR within ECRM. Primary responsibilities for the position will include, but not be limited to the following:
- Understand business standards and processes given regulatory and risk requirements pertaining to CCAR as well as maintain an awareness of current regulatory trends and G&O standards.
- Document various requirements and control processes that are a part of Stress testing teams mandate. This may include analysis and challenging results.
- Create and manage change logs and work papers with the Report Mapping & Issue Identification (RMII) team to ensure all documentation is up to compliance and is accurate.
- Work with various Technology groups on technical issues and assist in the development of interim and strategic solution.
- Support the CCAR team in delivering tight timelines and track issues that impact loss estimates and/or other model impacts related to Counterparty and CCAR.
This will be a highly visible position and the ability to develop a close working relationship with Counterparty Risk Analytics, Middle Office, Risk Technology and other risk management groups is critical and expected.
- 2+ years of capital markets experience, desk analyst experience, or a combination of both
- Intermediate Microsoft Office skills
- Strong analytical skills with high attention to detail and accuracy
- Excellent verbal, written, and interpersonal communication skills
- Strong organizational, multi-tasking, and prioritizing skills
Other Desired Qualifications
- Ideally 3+ years of Counterparty Risk experience.
- Experience with compliance and/or audit
- 2+ years of either direct project management experience or business analyst experience (preferably within Capital Markets or Risk).
- Exposure to credit risk (PFE, EL, credit capital) and/or market risk (valuation, Monte Carlo, Greeks, VaR) methodologies and systems;
- Experience using front-office trading systems and vendor market data applications.
- Has developed support platforms or support models within capital markets.
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.
0049435 CORP RISK/CORPORATE RISK
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Lauren audits Wells Fargo’s financial reports to assess accuracy and risk. She reviews processes in place, analyzes management controls, and communicates calculations and findings with business partners.
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