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Wells Fargo, FCM Risk Analyst (Market Risk Consultant 3)
Posted date [Jan-04-2017]
(ID: 4509)
Wells Fargo FCM Risk Analyst (Market Risk Consultant 3)

Job ID 5271975

The Global Exchange Traded Services group (GETS Risk) is recruiting an FCM Risk Analyst reporting to the Head of Risk for GETS Risk. As the Wells Fargo Futures Commission Merchant (FCM) grows, it is the responsibility of GETS Risk to provide specialized risk coverage for specific markets and counterparty types. In its role of the First Line of Defense (FLOD) for the GETS business line, the group is responsible for adhering to all regulatory and internal credit requirements and to ensure intraday risk management for all products cleared by the FCM. GETS Risk is actively engaged in the design, build-out and implementation of the risk management framework on an ongoing basis.

The FCM Risk Analyst will be responsible for creating a robust risk monitoring structure across all products, with a strong emphasis on the energy and power markets. The duties will include in-depth portfolio analyses on an intraday basis, providing market insight with respect to the effect on client positions and to cross-train other analysts in the GETS Risk team.

The successful candidate for this role will be an experienced risk manager with extensive FCM risk management experience. The candidate will have demonstrable experience in the cleared power and energy markets, both in the US and globally along with a deep working knowledge of the cleared space in the realms of market risk, risk management systems and regulatory requirements.

Location: Charlotte (preferred), Chicago or New York. If not located in Charlotte, the candidate must be willing to travel to Charlotte on a regular basis.

Specific responsibilities of this position are:
Create a robust risk infrastructure to monitor and analyze global energy and power contracts
Enhancing the existing risk infrastructure to ensure that the GETS Risk can be proactive in managing market and counterparty risks
Collaborate with technology teams to clearly define risk requirements and their successful implementation
Create and document risk management procedures for internal and corporate policies
Participate in client facing risk due diligence calls or onsite visits
Ensure that FCM business leaders appropriately consider the risks being taken and the implications to ensure that those risks are properly captured and analyzed

Team members 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 and if 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 units risk appetite and all risk and compliance program requirements.

Required Qualifications
3+ years of experience in one or a combination of the following: trading, desk analyst, or capital markets

Desired Qualifications
Excellent verbal, written, and interpersonal communication skills
Intermediate Microsoft Office skills
Strong analytical skills with high attention to detail and accuracy

Other Desired Qualifications
5+ years of FCM risk experience and 2+ years management experience
Experience in using GMI, GlobalRisk and ideally, RiskMetrics
Experience in ensuring risk oversight for 250+ clients
Prior IT experience which may include programming, algorithm design and product specifications
A strong work ethic coupled with the ability to partner with numerous stakeholders
Execution oriented, professional demeanor, self-starter behavior and able to recognize and act on opportunities for improvement in the business
Bachelors Degree in Economics, Finance or Mathematics
Professional certification from either GARP or PRMIA is desirable

apply here:


All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.

Relevant military experience is considered for veterans and transitioning service men and women.

Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.


Candidates will not contact you directly. Any relevant candidates will be forwarded by our staff.
Job Title Wells Fargo, FCM Risk Analyst (Market Risk Consultant 3)
Post Details
Start Date
Location NYC, Charlotte, or Chicago
Job Type Job Type -> Full-time
Experience Level
Classification Job Classification -> Other
Required Qualifications
Desired Qualifications