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Senior Market Risk Specialist

Wells Fargo
London, United Kingdom
Closing date
Dec 13, 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 Senior Market Risk Specialist.

Embark on a dynamic career journey with Wells Fargo, a leading international bank driving progress in the financial sector. We pride ourselves on the dynamism of our teams, our growing global presence, and a culture that is underpinned by inclusivity and belonging. At Wells Fargo, we're more than just a bank; we're a community where individuals thrive and collectively make their mark on the world.

As a Senior Market Risk Specialist, you play a pivotal role within the Legal Entity Interest Rate Risk (IRR) team, reporting directly to the Head of Legal Entity IRR. Dive into a diverse range of responsibilities that encompass overseeing interest rate risk for the EMEA region. Your expertise will be crucial in assessing interest rate risk for multiple EMEA branches and legal entities, ensuring compliance with local Asset and Liability Management (ALM) regulations and Wells Fargo's Risk Management Framework. We seek a candidate with self-initiative, profound market and interest rate risk management skills, and exceptional analytical and communication capabilities.

Joining Wells Fargo means becoming part of an international powerhouse that values your individuality and empowers you to thrive. We are not just a workplace; we are your platform for progress, where your contributions can shape the future of banking. If you are ready to make a significant impact, grow professionally, and embrace a culture that beats with dynamism, Wells Fargo is the place for you. Take your career to new heights with us.

In this role, you will:
  • Perform Legal entity Interest Rate Risk (IRR) assessments and continuous monitoring of various EMEA branches and legal entities, including respective ALM risk measurements and analytics.
  • Communicate with multiple business partners including risk and line of business staff, risk management partners in treasury, market, credit, investment, and technology functions. Work with these teams to understand the business, risk appetite, risk profile and risk metrics of the entities.
  • Support development of appropriate ALM risk measurements and limits, work with reporting and analytics teams to ensure proper communication and escalation of risk issues to stakeholders and oversight committees.
  • Work with stakeholders to ensure compliance with local ALM risk regulatory expectations and the firm's Risk Management Framework.
  • Support stress testing, regular review, and formal challenge sessions in the context of business as usual and stress testing analysis.
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, military experience, education
Desired Qualifications:
  • Balance sheet-wide interest rate risk management experience in either a front line, independent risk management (IRM), audit or regulatory capacity. Experience should include risk measurement, reporting and analysis.
  • Demonstrate a strong understanding of IRR management tools (e.g. economic value of equity and earnings at risk), capital markets, wholesale funding and hedging. Experience with financial and accounting concepts.
  • Demonstrate familiarity with IRR models in theory and practice. QRM experience is a plus.
  • Possess strong analytical skills with high attention to detail and accuracy as well as the ability to understand problems, identify solutions and develop clear options and recommendations.
  • Ability to work with others collaboratively for team success.
  • Demonstrate excellent verbal, written, and interpersonal communication skills; experience presenting to senior management.
  • Bachelor's degree
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, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

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.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.

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