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Wells Fargo is seeking a Senior Lead Market Risk Officer in Prime Services and Futures Commission Merchant (FCM) Risk Management function in Enterprise Counterparty Risk Management (ECRM). Prime Services and FCM Risk Management is responsible for the daily risk management, margining framework, risk assessment and monitoring of counterparty credit risk generated by the Prime Services and FCM businesses. The successful candidate will be a key leader in the team, engaged in the management and oversight of portfolio risk, new business evaluation, margining framework and risk analysis.
Job Responsibility:
Provide independent oversight of counterparty risk across Prime Services and FCM activities
Partner with the clearing business and operations, prime services business, liquidity management, and sales teams to understand business strategies and key risk drivers
Review and advise on risk‑taking decisions, margin practices, client onboarding, and exposure management
Define and present FCM and Prime Services risk metrics to senior leadership and risk committees
Support regulatory examinations and internal audits
Maintain and enhance risk governance frameworks, reporting processes, and procedures
Lead enhancements to counterparty credit risk methodologies
Identify emerging market, liquidity, and concentration risks and escalate them
Represent Prime Services and FCM Risk in enterprise risk forums
Partner with technology and data teams to strengthen exposure analytics
Lead and coordinate risk engagement during market stress events
Mentor and guide junior risk officers
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 understanding of futures markets, CCP risk frameworks, SPAN margining, FINRA requirements, and derivatives lifecycle processes
Advanced analytical skills with the ability to interpret, evaluate, and challenge risk models, stress‑testing methodologies, and margin frameworks
Experience managing counterparty risk for clearing businesses, including FCM, prime brokerage, or market-maker clearing
Familiarity with third‑party risk management systems
Knowledge of RCSA (Risk and Control Self‑Assessment) frameworks
What we offer:
Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance