Limit Management

About this role:

Wells Fargo is seeking a Risk Specialist to work in Counterparty Risk Management team supporting limits & exceptions processing, assisting in monitoring and escalation for effective risk management.

In this role, you will:

• Ensure limit approvals, grade approvals and transaction approvals, as provided by LOB credit/Risk office via FAF (Facility Acknowledgement Form), are recorder in Risk Systeam on a daily basis.
• Daily review of CoRS exceptions (limit breaches and tenor violations) and notification to Front Line and Credit Risk officers
• Daily quality assurance if limits and grades inputs by Credit Admin team on behalf of Risk Officers.
• Ensure escalation of unresolved and unapproved exceptions to Front Line, Risk Officers and Senior Management on a monthly basis.
• Ensure all limits and grades processes remain effective and in compliance with policy requirements and regulatory guidance.

Required Qualifications:

• 2+ years of market risk, Capital Markets, desk analyst, trading, interest rate risk or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• 2+ years of experience on SQL, Microsoft Excel, & VBA
• Excellent communication skills

Required Qualifications for Europe, Middle East & Africa only:

• Experience in Capital Markets, trading or interest rate risk, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

Job Expectations:

Posting End Date: 

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

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 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.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

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

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.