Lead Futures Commission Merchant Risk Officer

About this Role:

Wells Fargo is seeking a Lead Market Risk Officer in the Futures Commission Merchant (FCM) Risk Management function in Enterprise Counterparty Risk Management (ECRM).

FCM Risk Management is responsible for the daily risk management, risk assessment, and monitoring of counterparty credit risk generated by the FCM 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 second-line oversight of FCM client risk, including margin adequacy, credit, liquidity, concentration, and cleared derivatives exposures across futures, options, and OTC clearing products.

• Review and challenge risk management frameworks, including stress testing methodologies, house margin models, exposure monitoring processes, and default management practices to ensure risks are appropriately identified and controlled.

• Monitor client portfolios and market conditions to assess the impact of volatility, margin changes, liquidity demands, and potential losses, ensuring exposures remain within approved risk appetite and concentration limits.

• Partner with front office, sales, funding and liquidity, operations, and clearing teams to evaluate emerging risks, business strategies, new products, exchange offerings, and clearing arrangements.

• Present risk assessments, portfolio trends, and emerging risk issues to senior management and governance committees, while providing leadership, mentorship, and technical guidance to junior risk professionals.

Required Qualifications

• 5+ years of experience in one or a combination of the following: trading, desk analyst, Capital Markets, market risk, interest rate risk or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• FCM Risk, Futures Clearing, Exchange-Traded Derivatives Risk, Market Risk, Counterparty Risk

• Strong understanding of Futures Commission Merchant (FCM) businesses, including listed futures, options on futures, cleared swaps, and exchange-traded derivatives.

• Deep knowledge of clearinghouse (CCP) risk frameworks, including CME, ICE, and OCC margin methodologies and default management processes.

• Experience with margin methodologies such as SPAN, SPAN 2, VaR-based frameworks, stress testing.

• 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: $167,000.00- $260,000.00 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.

$167,000.00 - $260,000.00

Posting End Date:

17 Sep 2026

*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.

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.