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 Enterprise Counterparty Risk Management (ECRM) team is responsible for ensuring an appropriate Risk Management framework exists for products offered by the primary trading and lending desks, with particular emphasis on Counterparty Credit Risk. A Risk Management framework includes the identification, measurement, approval, pricing, aggregation and reporting of counterparty credit risk.
ECRM is seeking an individual with strong capital markets and credit knowledge for a Market Risk Consultant opportunity. This position will partner with Wells Fargo lines of business (e.g., FIG, WCCR, WFS) and Credit Risk Officers to ensure counterparty credit information (e.g., trade/loan limits, tenor, grades) is appropriately input to ECRM’s credit risk system, CoRS (legacy Adaptiv).
The Credit Administration team within ECRM, is responsible for the integrity of CoRS (the counterparty credit system of record), and sets out to operationalize credit processes that touch the various business units. Accurate transactional data is required to ensure that CoRS is reflecting correct information required to identify, calculate, measure, aggregate and report on credit risk.
The focus of this position will be on the daily operational routines of data acquisition, analysis and data integrity. In addition, the individual in this role will review and process documentation and credit approvals within the credit risk system from various business groups for accuracy; prepare reports including, but not limited to, open and unresolved exceptions, borrower and facility grades and provide follow-up with marketers and underwriters.
Additional responsibilities will include the following:
- Developing working partnerships with the traders, marketers and other first lines of defense
- Documentation of procedures and routines necessary to support the departmental functions
- Communicate, collaborate and influence others at all levels
- Work on special projects, as assigned, that will increase team efficiencies, address Internal/External Audit or Regulatory issues, or benefit internal partners/clients
- 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
- Knowledge and understanding of SQL
- 3+ years of control function experience, such as compliance, audit or risk is highly preferred
- Experience with business functions of various traded products highly preferred
- The candidate should be highly motivated and have the ability to work independently with limited supervision in handling day-to-day issues all the while being an active team member
- Project management experience
- Ability to perform Data Integrity functions
- Knowledge of trading system’s work flow processes
- Ability to understand technical aspects of numerous trading and loan systems (Calypso, Opics, etc.)
- Understand credit and risk concepts
- Strong Knowledge of OTC derivatives, foreign exchange and securities financing/trading products
- Knowledge and understanding of credit
- Knowledge and understanding of financial products: exposure to fixed income securities, derivatives, and foreign exchange
- A BS/BA degree or higher in accounting, finance, or economics
- 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.