Wells Fargo Market Risk Sr Associate in St. Louis, Missouri
Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as 'Personal Cell' or 'Cellular' in the contact information of your application.
At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk. The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.
The Corporate Market Risk Group (CMRG) is responsible for independently overseeing the management of market risk (inclusive of price risk) exposures (including monitoring and reporting on aggregate market risk exposures across groups, legal entities, geographies, and jurisdictions), and the quality of market risk management practices across the company.
The Corporate Market Risk Oversight ('CMRO') group within the Corporate Market Risk Group (CMRG) is responsible for providing independent identification, review, analysis and monitoring of market risks of tradable assets across Wells Fargo Corporation.
Market Risk Associates work closely with multiple lines of business and related trading desks as well as Risk Analytics, Technology, Finance and other business partners. They play a key role in ensuring the completeness and accuracy of all market risk measurements including regulatory Value-at-Risk (VaR), management VaR, stress scenarios, and capital. CMRO team members develop, generate and monitor reports for desk and business-specific risks.
This position will be focused primarily on the Wells Fargo Home Lending ("WFHL") group. Additionally, a successful candidate will be able to provide support to CMRO team members covering other business areas.
Primary responsibilities for the position include will include, but not be limited to, the following:
Produce and monitor risk reports and assist with ongoing monitoring / analysis of risks. Daily reporting and analysis will require basic SQL/VBA skills.
Providing assistance to Risk Analytics and Model Validation teams in their review of the mortgage asset and hedge components, and their risk factors.
Analyzing and synthesizing the information contained in risk reports produced by the line of business.
Cultivate and grow constructive relationships with the respective trading desk and support partners.
Provide commentary to senior management on risk exposures and related P&L.
Collaborate with, and support partners on new product initiatives and recommend / implement an appropriate risk control framework.
Partner with other risk disciplines (credit, counterparty, compliance, operational), both corporate and business to ensure adequate independent risk coverage and compliance with risk limits.
- 5+ years of experience in one or a combination of the following: market risk, capital markets, trading, or interest rate risk
Other Desired Qualifications
2+ years of risk management, finance, or capital markets experience.
Undergraduate, Master's or MBA degree in Business, Finance, Accounting, or Economics
Strong analytical and reporting skills with high attention to detail and accuracy
Proven verbal and written communicational skills within a business environment where building relationships across functional groups and business lines is critical.
Experience in fixed income and/or residential mortgage markets including familiarity with mortgage assets and derivatives.
Advanced data manipulation skills using SQL and Visual Basic for Applications,
Familiarity with basic programming and/or scripting, statistical packages such as R, or Matlab and Business Intelligence software such as Tableau or Microstrategy.
The salary range displayed below is based on a Full-time 40 hour a week schedule.
MO-Saint Louis: Min: $105,000 Mid: $150,000 Max: $195,000
MO-Saint Louis: 1 N Jefferson Ave - Saint Louis, MO
All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women.
Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.
Visit https://www.wellsfargo.com/about/careers/benefits for benefits information.
Company: Wells Fargo
Req Number: 5565839
Updated: 2021-02-24 23:12:36.202 UTC
Location: St. Louis,Missouri