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Hedge Fund Risk Senior Specialist

Wells Fargo
London, United Kingdom
Closing date
Apr 5, 2023

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Job Function
Risk Management
Industry Sector
Finance - General
Employment Type
Full Time
About this role:

Wells Fargo is seeking a Hedge Funds & NBFI Counterparty Risk Officer

In this role, you will:
  • This Role will cover two areas:
    (1) Counterparty Credit Risk - The Candidate will be responsible for preparing and submitting credit requests to support counterparty trading relationships in EMEA not otherwise covered in other CIB Divisions. Client types comprise Non-Bank Financial Institutions, such as Broker Dealers, Pension Managers, Asset Managers, Commodity Trading Advisors, Hedge Funds, and Private Equity Funds. Business activities may include, but are not limited to, prime brokerage, futures & OTC clearing, bilateral derivatives, FX, repo, securities financing and secondary loan trading. The successful candidate will be expected to display flexibility in handling other client types and other traded products as necessary.
    (2) Liquidity Risk - Support the EMEA Head of Counterparty and Liquidity Risk Oversight in the oversight activities of the liquidity risk in the region.
  • A successful candidate will help guide the Wells Fargo's Sales and Trading Divisions in the EMEA region and will work with the leadership of Wells Fargo and Regional Risk Management to develop and implement a successful counterparty credit and liquidity risk management strategy for the EMEA region across all traded products.
  • The candidate will partner with various CIB LOBs to help drive Wells Fargo's product growth strategy. Candidate will need to develop strong working relationships with Relationship Managers and Risk Officers representing Financial Institutions Group, Corporate Banking, Wholesale Counterparty Credit Risk, and Liquidity Capital and Recovery Planning teams, among others.
Required Qualifications:
  • Experience in Capital Markets, trading or interest rate risk, or equivalent demonstrated through one or a combination of the following: work experience, training, education.
  • Accredited College / University degree;
  • Relevant capital markets risk experience at a Tier 1 Investment Bank with specific expertise covering the EMEA markets and the EMEA investment client base including: Pension Managers, Asset Managers, Hedge Funds, Private Equity Funds, and as well as other counterparty types;
  • Familiarity with standard counterparty credit risk management concepts, as well as standard industry documentation, including the ISDA/CSA, MSFTA and GMRA;
  • Strong written and verbal communication skills; ability to present information in a clear and understandable format to a wide range of audiences;
  • Demonstrated commitment to core values of the organization

Desired Qualifications:
  • Advanced degree and/or professional licensing (i.e. CFA) is a plus;
  • Specific knowledge of foreign exchange, OTC and cleared derivatives;
  • Significant experience in analyzing financial statements;
  • Deep understanding of capital markets and the EMEA client base; well versed in local regulatory considerations, market standards and practices with the ability to: 1) integrate these into the Wells Fargo risk culture; 2) transfer this knowledge into credible working relationships with local business partners and risk management personnel in the region [as well as key partners in the United States]; and 3) partner with a wide range of colleagues including sales, trading, legal, documentation, compliance and operations.
We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

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