Leads second-line oversight of Futures Commission Merchant client risk, including margin adequacy, credit, liquidity, concentration, and cleared derivatives exposures. Reviews stress testing, margin models, exposure monitoring, and default management frameworks. Monitors portfolios and market conditions, evaluates new products and clearing arrangements, presents risk assessments to senior governance committees, and mentors junior risk professionals.
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:
• 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
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
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.
#BI-Hybrid
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.
- 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
- 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.
- 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
- 150 E 42nd, New York
• 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
Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
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.
#BI-Hybrid
Wells Fargo New York, New York, USA Office
150 E 42nd Street, New York, NY, United States, 10017
Wells Fargo New York, New York, USA Office
500 West 33rd Street Manhattan, New York, NY, United States, 10001
Similar Jobs at Wells Fargo
Fintech • Financial Services
Leads a Wells Fargo branch team, driving customer acquisition, relationship growth, sales performance, coaching, talent development, operational excellence, and risk management. The manager identifies customer financial needs, coordinates with wealth, business banking, and home lending partners, promotes digital banking, analyzes performance, and executes improvement plans. The role includes readiness-program training, Saturday scheduling, and up to 50% travel during the first six months before branch placement.
Fintech • Financial Services
Conducts financial statement, company, industry, and market analysis for small and mid-cap consumer internet companies. Creates financial models and databases, authors differentiated equity research with the Senior Analyst, attends industry events, develops company relationships, communicates investment conclusions, and collaborates across research teams. The role requires securities research experience, advanced Microsoft Office skills, knowledge of accounting and financial analysis, investment tools such as Bloomberg or FactSet, FINRA licensing, and up to 10% travel.
Top Skills:
BloombergFactsetFinra Series 63Finra Series 66Finra Series 86Finra Series 87Finra SieMS Office
Fintech • Financial Services
Grow and manage relationships with affluent customers, deliver multi-product financial advice across deposits, lending, investments, and business banking, acquire new clients, coordinate with Wealth/Home Lending/Business partners, drive digital adoption, ensure accurate documentation and regulatory compliance, and manage a defined book of business to increase retention and growth.
Top Skills:
Digital Banking ToolsMobile Banking
What you need to know about the NYC Tech Scene
As the undisputed financial capital of the world, New York City is an epicenter of startup funding activity. The city has a thriving fintech scene and is a major player in verticals ranging from AI to biotech, cybersecurity and digital media. It also has universities like NYU, Columbia and Cornell Tech attracting students and researchers from across the globe, providing the ecosystem with a constant influx of world-class talent. And its East Coast location and three international airports make it a perfect spot for European companies establishing a foothold in the United States.
Key Facts About NYC Tech
- Number of Tech Workers: 549,200; 6% of overall workforce (2024 CompTIA survey)
- Major Tech Employers: Capgemini, Bloomberg, IBM, Spotify
- Key Industries: Artificial intelligence, Fintech
- Funding Landscape: $25.5 billion in venture capital funding in 2024 (Pitchbook)
- Notable Investors: Greycroft, Thrive Capital, Union Square Ventures, FirstMark Capital, Tiger Global Management, Tribeca Venture Partners, Insight Partners, Two Sigma Ventures
- Research Centers and Universities: Columbia University, New York University, Fordham University, CUNY, AI Now Institute, Flatiron Institute, C.N. Yang Institute for Theoretical Physics, NASA Space Radiation Laboratory
