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Wells Fargo is seeking a Senior Derivatives Valuation Controller. The Senior Derivatives Valuation Controller plays a critical role in managing risk across complex financial products and processes. This position focuses on valuation control, independent price verification (IPV), and risk analytics to ensure compliance with regulatory standards and internal governance. The role requires strong analytical skills, technical expertise, and the ability to lead initiatives that enhance risk management frameworks. This position sits within the Controller's organization.
Job Responsibility:
Execute and review IPV processes for derivatives (Commodities)
Validate Forwards (Fixed & Basis) and Commodities volatility calibration on inputs across commodity markets
Implement valuation adjustment policies and Fair Value Hierarchy
Lead moderately complex initiatives in risk analytics and reporting
Aggregate, forecast, and reconcile data for risk metrics and dashboards
Prepare monthly IPV and aged inventory reports
Ensure compliance with internal policies, external standards, and all applicable regulatory requirements and examinations
Document models and maintain compliance with internal governance standards
Partner with Market Risk, Model Risk, and Product Control teams
Mentor junior analysts and lead cross-functional projects
Requirements:
4+ years of Risk Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
4+ years of experience in valuation control or related field
Familiarity with vendor data systems (Markit/Totem, RVS, Bloomberg/Reuters)
Proficient in Commodity Derivatives, with expertise in IPV processes including forward pricing and volatility surface calibration
Experience with Fair Value Hierarchy(FVH) and reporting
Knowledge of Commodity Derivative markets and products
Advanced proficiency in SQL, and Python
Excellent communication and presentation skills
Advanced proficiency in Excel
Strong understanding of valuation methodologies, control and risk frameworks