Senior Market Risk Specialist - Interest Rate Volatility & Structured Notes

About this role

Wells Fargo is seeking a Senior Market Risk Specialist. This role sits within the Rates Market Risk Oversight team, supporting Interest Rate Volatility Trading, Structured Solutions, and Structured Notes 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 and Counterparty Risk Management (MCRM) provides independent oversight, governance, and credible challenge of market risks across Wells Fargo.

In this role, you will:

• Utilize market risk measures such as Value-at-Risk (VaR), stress scenarios, and risk factor sensitivities to monitor, report, and constrain market risk exposures originating from the market-making activities of the Interest Rates Vol Trading business as well as Structured Solutions and Structured Notes businesses.
• Collaborate with CMRG management, Macro Market Risk Oversight, and Rates Vol and Structured Notes team members to maintain an effective and comprehensive market risk mandate.
• Maintain and enhance market risk reporting routines to effectively communicate risk concentrations, market risk limit usage, and sources of trading profit/loss.
• Engage with Front Office team members and CIB business partners to ensure sufficient market risk support for new business initiatives.
• Analyze complex models and products to ensure comprehensive market risk capture, consistent with the market risk mandate and higher-level risk management policies.
• Participate in recurring regulatory and risk management engagements such as CCAR, stress scenario design, and Volcker metric review.

Required Qualifications

• 4 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

• Experience working with a broad range of capital markets business partners including trading, quantitative partners, finance, operations, and technology.
• Ability to work independently, meet deadlines, and operate effectively in a dynamic, fast-paced, and data-driven environment.
• Strong understanding of derivative pricing models and risk measurement calculations (VaR, stress scenarios, risk factor sensitivities).
• Experience supporting risk governance and oversight activities.
• Exposure to stress testing and scenario analysis (e.g., CCAR).
• Familiarity with model monitoring, model validation, or quantitative analysis.
• Advanced Microsoft Office Skills (Excel VBA).
• Proficiency in Microsoft SQL.
• Strong analytical and quantitative skills with high attention to detail.
• Strong spoken and written communication skills.
• Financial Risk Management Certificate (FRM) preferred.
• Chartered Financial Analyst (CFA) preferred.
• Bachelor's or advanced degree in a quantitative discipline (e.g., Finance, Financial Engineering, Quantitative Finance, Mathematics, Physics).

Job Expectations

• Willingness to work on-site at stated location.
• Relocation Assistance not available.
• This position currently offers a hybrid work schedule.
• This position is not eligible for Visa sponsorship.
• Subject to FINRA Background Screening Requirements.
• Specific compliance policies may apply regarding outside activities and/or personal investing.

Job Posting Locations

• 550 S Tryon St, Charlotte, NC
• 110832-NY-30 Hudson Yards, New York

Pay Range

$100,000.00 - $196,000.00. Pay may vary depending on factors including demonstrated performance, skills, experience, or work location.

Benefits

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life, critical illness, and accident insurance
• Parental and critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. 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.