Senior Lead Prime Services Counterparty Risk Officer

About this role: Wells Fargo is seeking a Senior Lead Market Risk Officer in the Prime Services Risk Management function in Enterprise Counterparty Risk Management (ECRM). Prime Services Risk Management is responsible for the daily risk management, margining framework, risk assessment, and monitoring of counterparty credit risk generated by the Prime Services 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. In this role, you will: Provide independent oversight of counterparty and market risk across Prime Services activities, partnering with business, sales, and operations teams to understand business strategies, key risk drivers, and emerging exposures. Define, enhance, and communicate Prime Services risk metrics and methodologies, including exposure modeling, VaR, stress testing, margin analysis, and exposure analytics, to senior management and risk committees. Maintain and strengthen risk governance frameworks, reporting processes, and procedures, collaborating with technology, data, and model governance teams to improve risk measurement and control effectiveness. Represent Prime Services Risk in enterprise risk committees, stress testing forums, model governance reviews, new product approval processes, and other risk governance activities. Coordinate risk oversight during market stress events and regulatory engagements, ensuring timely exposure assessments, escalation of material risks, senior-level communication, and support for regulatory examinations and internal audits.

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 Desired Qualifications: Strong understanding of hedge fund strategies and hedge fund portfolio analysis. Strong experience in Prime Services Risk. Advanced analytical skills with the ability to interpret, evaluate, and challenge risk models, stress‑testing methodologies, and margin frameworks. Deep knowledge of counterparty credit risk, margin methodologies, stress testing, liquidity risk, and concentration risk management, with the ability to independently challenge risk-taking activities and risk frameworks. Demonstrated experience with MSCI RiskMetrics. Knowledge of RCSA (Risk and Control Self‑Assessment) frameworks. Job Expectations: Required location listed above. Relocation assistance is not available for this position. This position currently offers a hybrid work schedule. This position is not eligible for VISA sponsorship. This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire. In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer. Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents. Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process Job Location 150 E 42nd, New York  US Only Pay Range: ·        New York- New York Pay Range: $185,000.00- $300,000.00 USD Annually Pay Range   Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities. $185,000.00 -