Wells Fargo · 21 hours ago
Senior Lead Market Risk Officer- Prime Services and Futures Commission Merchant (FCM) Risk Management
CHARLOTTE, NC
Full-time
Hybrid
Senior Level, Lead/Staff
$185K/yr - $300K/yr
7+ years expWells Fargo is seeking a Senior Lead Market Risk Officer in Prime Services and Futures Commission Merchant (FCM) Risk Management function within Enterprise Counterparty Risk Management (ECRM). The successful candidate will oversee portfolio risk management, margining frameworks, and risk analysis while collaborating with various teams to ensure effective risk governance.
BankingFinancial ServicesFinTechInsurancePayments
No H1B
Responsibilities
Provide independent oversight of counterparty risk across Prime Services and FCM (Futures Commission Merchant) activities, including futures, cleared swaps, and exchange‑traded derivatives
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—such as VaR, stress testing, and liquidity risk measures—to senior leadership and risk committees
Support regulatory examinations and internal audits through preparation of documentation, detailed analysis, and formal responses
Maintain and enhance risk governance frameworks, reporting processes, and procedures across client clearing businesses
Lead enhancements to counterparty credit risk methodologies, including exposure modeling, margin analysis (SPAN, VaR‑based, and CCP methodologies), and stress‑testing frameworks
Identify emerging market, liquidity, and concentration risks and escalate them through appropriate governance channels
Represent Prime Services and FCM Risk in enterprise risk forums, model governance reviews, stress‑testing working groups, and new product approval processes
Partner with technology and data teams to strengthen exposure analytics, reporting capabilities, and data quality supporting cleared derivatives risk management
Lead and coordinate risk engagement during market stress events, ensuring timely exposure assessment, escalation, and senior‑level communication
Mentor and guide junior risk officers, contributing to team development and strengthening overall risk culture within ECRM
Qualification
Required
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
Preferred
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
Benefits
Health benefits
401(k) Plan
Paid time off
Disability benefits
Life insurance, critical illness insurance, and accident insurance
Parental leave
Critical caregiving leave
Discounts and savings
Commuter benefits
Tuition reimbursement
Scholarships for dependent children
Adoption reimbursement
Company
Wells Fargo
Wells Fargo & Company is a financial services firm that provides banking, insurance, investments, and mortgage services.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
unknown1978-10-06IPO
Leadership Team
Charlie Scharf
CEO
Fernando Rivas
CEO of Corporate & Investment Banking
Recent News
2026-01-24
2026-01-23
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