Market Risk Specialist | Corporate & Investment Banking

About This Role

Wells Fargo is seeking a Market Risk Specialist. This role sits within the Credit and Municipal Market Risk Oversight team, supporting Credit Sales & Trading, Municipal Products Group, and Global Secured Trading 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. They utilize market risk measures such as VaR, stress scenarios, and risk factor sensitivities to monitor, report, and constrain market risk exposures originating from the market-making activities of the Credit Sales & Trading and Municipal Products Group business as well as the Global Secured Trading business.

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 Credit Sales & Trading and Municipal Products Group business as well as the Global Secured Trading business. Collaborate with CMRG management, Credit & Municipal Market Risk Oversight 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

• 2+ years of market risk, Capital Markets, desk analyst, trading, 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 to complete shared business objectives, with demonstrated ability to provide risk insights and challenge effectively.
• Ability to work independently, meet deadlines, and operate effectively in a dynamic, fast-paced, and data-driven environment, including managing daily risk monitoring and reporting responsibilities.
• Experience supporting risk governance and oversight activities, including monitoring risk exposures, desk limits, and limit utilization, and contributing to risk framework adherence and escalation processes.
• Exposure to stress testing and scenario analysis, including designing or running stress scenarios and contributing to regulatory or enterprise risk exercises (e.g., CCAR).
• Familiarity with model monitoring, model validation, or quantitative analysis, including reviewing model performance, understanding assumptions, and adapting to changing market conditions.
• 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, including the ability to translate complex risk and market concepts into clear insights.
• Progress towards Financial Risk Management Certificate (FRM) preferred.
• Progress towards Chartered Financial Analyst (CFA) preferred.