Senior Lead Market Risk Officer - Market & Counterparty Stress Testing

About This Role

Wells Fargo is seeking a Senior Lead Market Risk Officer within Market & Counterparty Risk Management (MCRM). This role is part of the Traded Products Stress Testing team, which is responsible for leading regulatory and business-as-usual (BAU) stress testing activities across trading and counterparty portfolios.

Responsibilities

• Provide independent oversight and credible challenge of stress testing methodologies, assumptions, scenario design, and results.
• Partner with Risk Analytics, Technology, and business stakeholders to develop and implement improvements to stress testing infrastructure, data quality, and reporting processes.
• Perform analysis of stress test results, identifying key drivers, emerging risks, portfolio concentrations, and changes in risk profile.
• Evaluate market, counterparty, and liquidity risks under severe but plausible stress scenarios.
• Prepare executive-level summaries, risk committee materials, and regulatory examination responses.
• Engage with regulators, Internal Audit, Model Risk Management, and Independent Testing functions on matters related to stress testing and market risk governance.
• Support ongoing risk identification efforts and develop stress scenarios that capture current and emerging market risks.
• Coordinate execution across multiple stakeholders to ensure timely delivery of regulatory and internal risk management deliverables.
• Lead strategic initiatives involving scenario design, methodology enhancement, risk factor calibration, governance, and controls.
• Provide mentorship and guidance to junior team members and influence risk management practices across the organization.
• Execute RCSA controls and ensure procedures, governance documentation, and supporting evidence remain current and comprehensive.
• Foster strong partnerships across Risk, Finance, Trading, Technology, Model Risk Management, and Corporate Treasury.

Requirements

• 7+ years of market risk, Capital Markets, securities industry, trading, or interest rate risk experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
• Strong experience in Stress Testing, Risk Analytics, Counterparty Risk, or related quantitative risk disciplines.
• Demonstrated experience leading complex cross-functional initiatives and influencing senior stakeholders.
• Strong understanding of market risk and counterparty risk concepts across traded products.
• Deep knowledge of CCAR, Global Market hock (GMS), FR Y-14Q, or related regulatory capital frameworks.
• Experience with scenario design, stress testing methodologies, and regulatory examinations.
• Strong understanding of traded products including Rates, FX, Credit, Equities, Commodities, Securities Financing Transactions, and derivatives.
• Knowledge of risk measurement methodologies such as VaR, sensitivities, stress testing, PFE, xVA, and capital calculations.
• Experience working with regulators, Internal Audit, Model Risk Management, and Independent Testing.
• Advanced analytical and quantitative problem-solving skills.
• Proficiency in SQL and experience working with large datasets.
• Advanced Microsoft Excel skills; VBA or Python experience preferred.
• Excellent written and verbal communication skills with the ability to translate technical concepts for executive audiences.
• FRM, CFA, Master's degree in Finance, Economics, Mathematics, Engineering, Statistics, or related quantitative discipline preferred.

Desired Qualifications

• Strong experience in Stress Testing, Risk Analytics, Counterparty Risk, or related quantitative risk disciplines.
• Demonstrated experience leading complex cross-functional initiatives and influencing senior stakeholders.
• Strong understanding of market risk and counterparty risk concepts across traded products.
• Deep knowledge of CCAR, Global Market hock (GMS), FR Y-14Q, or related regulatory capital frameworks.
• Experience with scenario design, stress testing methodologies, and regulatory examinations.
• Strong understanding of traded products including Rates, FX, Credit, Equities, Commodities, Securities Financing Transactions, and derivatives.
• Knowledge of risk measurement methodologies such as VaR, sensitivities, stress testing, PFE, xVA, and capital calculations.
• Experience working with regulators, Internal Audit, Model Risk Management, and Independent Testing.
• Advanced analytical and quantitative problem-solving skills.
• Proficiency in SQL and experience working with large datasets.
• Advanced Microsoft Excel skills; VBA or Python experience preferred.
• Excellent written and verbal communication skills with the ability to translate technical concepts for executive audiences.
• FRM, CFA, Master's degree in Finance, Economics, Mathematics, Engineering, Statistics, or related quantitative discipline preferred.