Lead Market Risk Officer (Hedge Fund Credit)

About this role:

Wells Fargo is seeking a Lead Market Risk Officer for its Wholesale Counterparty Credit Risk team, responsible for underwriting and risk managing a portfolio of leveraged funds that are active in capital markets trading with the various affiliates of Wells Fargo. Wholesale Counterparty Credit Risk (WCCR), a unit of Independent Risk Management (IRM), is responsible for underwriting counterparty credit limits for certain institutional client types - mostly non-bank financial institutions, including: asset managers (regulated funds, SMA's), leveraged funds (hedge funds, private equity funds), CCP's, GSE's, mortgage REIT's, mortgage originators, and certain broker-dealers. WCCR is one of the primary credit underwriting and portfolio management teams covering capital market traded products for Wells Fargo's Corporate & Investment Bank (CIB). This role will focus on counterparty credit analysis for hedge funds and other leveraged funds that transact with Wells Fargo in CIB's Markets Division. Client types are primarily hedge funds and private equity funds managed by U.S. alternative asset managers, transacting in various capital markets products that generate counterparty credit risk.

In this role, you will:

• Focus on counterparty credit for hedge funds and private equity funds, in supporting a range of traded products. This business activity may include, but is not limited to prime brokerage, futures & OTC clearing, bilateral derivatives, foreign exchange, repo, securities financing, and secondary loan trading.
• May also support senior credit officers in credit coverage for large asset managers and with portfolio management tasks, such as portfolio reviews and periodic exposure reporting.
• Have a significant amount of external client contact and interaction with internal business partners in the firm's Corporate & Investment Banking Markets Division, with an emphasis on making sound risk decisions commensurate with the firm's risk management framework.
• Conduct due diligence with alternative asset managers, writing initial and annual credit reviews, setting and approving credit limits, monitoring client financials, approving bespoke trades and/or margin levels, monitoring margin calls, and escalating concerns to senior risk managers and business leaders.

Required Qualifications:

• 5+ years of experience in one or a combination of the following: trading, desk analyst, Capital Markets, market risk, interest rate risk or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.

Desired Qualifications:

• Ability to execute in a fast paced, high demand environment while balancing multiple priorities.
• Knowledge of and experience with negotiating credit points in primary trading legal documentation (ISDA, MRA, PBCA, FCSA, etc.)
• Ability to partner with a wide range of colleagues including sales, trading, legal, market risk, and operations teams.
• Strong written and verbal communication skills
• B.S./B.A. degree or higher
• Extensive knowledge of capital markets and counterparty credit risk, including the major financing and OTC traded products.
• Experience with alternative asset managers, namely hedge funds and/or private equity funds.
• Experience with Prime Brokerage, FCM, Repo, Foreign Exchange, and other financing or clearing businesses for leveraged funds.
• Strong analytical skills with high attention to detail
• Demonstrated commitment to risk management and core values of the organization.
• Experience with financial statement analysis

Job Expectations:

• Ability to work at the approved location in the job posting.
• Up to 10% travel
• Willingness to comply with our hybrid work model; working from the posted Wells Fargo facility at least three days a week, with the flexibility to work remotely two days a week.
• Interest in counterparty credit, capital markets products, and alternative asset managers
• Comply with Wells Fargo's firm values, credit policies & procedures, and the bank's risk management framework.

Posting Location:

• 550 S Tryon St - Charlotte, North Carolina 28202

We Value Diversity

At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, age, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

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Wells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.