Senior Lead Market Risk Officer

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About this role:

Wells Fargo is seeking a Senior Lead Market Risk Officer to join the Enterprise Counterparty Risk Management (ECRM) Team. Learn more about the career areas and lines of business at wellsfargojobs.com. The Enterprise Counterparty Risk Management (ECRM) Team within Market and Counterparty Risk Management (MCRM) is responsible for providing independent identification, monitoring, and credible challenge of counterparty risks across the Wells Fargo Enterprise for all capital markets traded products. ECRM professionals work with the business groups that originate and manage counterparty risk including Corporate and Investment Bank, Commercial Bank, Wealth and Investment Management, Consumer Lending, and Treasury. Capital markets transactions include Derivatives (Rates, FX, Commodities, CDS, and Equities), Securities Trading, and Securities Financing.

In this role, you will:

• Lead counterparty credit risk oversight for collateral management activities across Markets businesses, ensuring alignment with the firm's risk appetite and regulatory expectations.

• Lead the annual review and challenge process for collateral haircut schedules/grids, including evaluation of market liquidity, volatility, wrong-way risk, and stress performance.

• Provide independent risk oversight of collateral eligibility frameworks, concentration limits, valuation methodologies, and margin processes.

• Ensure all collateral management exceptions, breaches, and limit overrides are identified, documented, escalated, approved, and tracked in accordance with firm policy and governance standards.

• Execute and oversee RCSA (Risk and Control Self-Assessment) controls, ensuring timely completion, evidence retention, and remediation of identified control weaknesses.

• Review and challenge the design and effectiveness of collateral management-related RCSA controls, KRIs, and monitoring processes.

• Partner with Markets, Credit Risk, Legal, Operations, Treasury, and Compliance teams to assess and implement changes to collateral management practices and governance.

• Lead risk review and approval of updates to the Collateral Management Policy, including evaluation of new acceptable collateral types, collateral optimization initiatives, and regulatory-driven changes.

• Assess emerging risks associated with new products, market structure changes, clearing initiatives, and collateral transformation programs.

• Monitor collateral disputes, settlement failures, valuation disagreements, and operational incidents, ensuring appropriate root cause analysis and corrective actions.

• Escalate material risks, control deficiencies, policy exceptions, and emerging issues to senior management and relevant governance committees.

• Produce risk reporting and management information for senior leadership, risk committees, and regulatory examinations.

• Lead independent challenge of collateral methodologies, margining practices, and exposure mitigation strategies, including bilateral and cleared derivatives, securities financing transactions, and prime brokerage activities.

• Evaluate the adequacy of collateral coverage under stressed market conditions and support collateral-related stress testing activities.

• Coordinate issue management activities, including development, tracking, validation, and closure of corrective action plans.

• Support internal audit, regulatory reviews, and examinations by providing collateral management subject matter expertise and coordinating responses to requests.

• Promote a strong risk and control culture by ensuring adherence to policies, pr