Senior Lead Prime Services Counterparty Risk Officer

About the role

Wells Fargo is seeking a Senior Lead Market Risk Officer in the Prime Services Risk Management function within Enterprise Counterparty Risk Management (ECRM). Prime Services Risk Management is responsible for daily risk management, margining framework, risk assessment, and monitoring of counterparty credit risk generated by the Prime Services businesses. The successful candidate will be a key leader, engaged in the management and oversight of portfolio risk, new‑business evaluation, margining framework, and risk analysis.

Responsibilities

• Provide independent oversight of counterparty and market risk across Prime Services activities, partnering with business, sales, and operations teams to understand strategies, key risk drivers, and emerging exposures.
• Define, enhance, and communicate Prime Services risk metrics and methodologies—including exposure modeling, VaR, stress testing, margin analysis, and exposure analytics—to senior management and risk committees.
• Maintain and strengthen risk governance frameworks, reporting processes, and procedures, collaborating with technology, data, and model‑governance teams to improve risk measurement and control effectiveness.
• Represent Prime Services Risk in enterprise risk committees, stress‑testing forums, model‑governance reviews, new‑product approval processes, and other risk‑governance activities.
• Coordinate risk oversight during market‑stress events and regulatory engagements, ensuring timely exposure assessments, escalation of material risks, senior‑level communication, and support for regulatory examinations and internal audits.

Required Qualifications

• 7+ years of market risk, capital markets, securities industry, trading, or interest‑rate risk experience, or equivalent demonstrated through a combination of work experience, training, military experience, and education.

Desired Qualifications

• Strong understanding of hedge‑fund strategies and hedge‑fund portfolio analysis.
• Extensive experience in Prime Services Risk.
• Advanced analytical skills with the ability to interpret, evaluate, and challenge risk models, stress‑testing methodologies, and margin frameworks.
• Deep knowledge of counterparty credit risk, margin methodologies, stress testing, liquidity risk, and concentration risk management, with the ability to independently challenge risk‑taking activities and frameworks.
• Demonstrated experience with MSCI RiskMetrics.
• Knowledge of RCSA (Risk and Control Self‑Assessment) frameworks.

Job Expectations

• Location: 150 E 42nd, New York, NY, USA.
• Hybrid work schedule.
• Relocation assistance is not available.
• Position is not eligible for VISA sponsorship.
• Subject to FINRA background screening and ongoing regulatory obligations, including periodic screening and mandatory reporting of certain incidents.
• Compliance with specific policies regarding outside activities or personal investing; candidates will be required to provide information to the Wells Fargo Personal Account Dealing Team if hired.

Pay

Base pay range: $185,000 – $300,000 USD annually. Pay may vary based on performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities.

Benefits

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