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Wells Fargo is seeking a dynamic and embedded Market Marker Front Office Risk Manager to join our Prime Brokerage front office team. This role sits at the intersection of risk management and market maker client engagement, providing risk analysis and strategic insight to support the market maker clearing offering of the Prime Brokerage business.
Job Responsibility:
Work with Prime Brokerage (PB) sales teams to review marker maker client portfolios to assess margin requirements and manage client exposures
Provide real-time risk commentary and escalation on market events, marker maker behavior, or portfolio shifts
Monitor marker maker portfolios for margin adequacy, concentration risk, stress scenarios, and liquidity risk
Serve as primary risk point of contact for risk engagement with market makers
Participate in onboarding and due diligence process pertaining to risk assessment and margin requirements including new portfolio and idiosyncratic trade opportunities
Serve as a risk liaison during meetings, helping to explain margin methodologies, risk frameworks and exposure metrics
Collaborate to optimize margin usage and capital efficiency within the firm’s risk parameters
Contribute to the development of risk-adjusted return frameworks and profitability analyses
Negotiate margin terms with market makers
Manage margin models to adhere to model related requirements
Serve as Business contact to Market and Credit risk for review and approval of margin risk exceptions
Provide risk insight and approach to ‘off-the run’ financing opportunities
Coordinate with Credit Risk, Market Risk Legal, Compliance and Operations to ensure a holistic view of market maker risk
Provide input into risk policy updates and contribute to governance forums
Provide in-depth risk analysis on new products.
Requirements:
7+ years of Securities Product Management experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Strong understanding of market maker strategies, derivatives and financing structures
Proficiency in risk analytics, margin methodologies (VaR, stress testing, scenario analysis) and capital usage metrics
Product expertise in Financing and Structuring of trading strategies
Excellent communication skills with the ability to engage both internal stakeholders and external clients
Registration for FINRA Series 7 must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted
Registration for FINRA Series 63 (or 66) must be completed within 90 days of hire date if it is not available for transfer upon hire. FINRA recognized equivalents will be accepted
This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire.
What we offer:
Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance