Senior Derivatives Valuation Controller
About The Position
About this role: Wells Fargo is seeking a Senior Derivatives Valuation Controller. The Senior Derivatives Valuation Controller plays a critical role in managing risk across complex financial products and processes. This position sits within the Controller's organization. In this role, you will: This position focuses on valuation control, independent price verification (IPV), and risk analytics to ensure compliance with regulatory standards and internal governance. The role requires strong analytical skills, technical expertise, and the ability to lead initiatives that enhance risk management frameworks. Valuation & IPV Execute and review IPV processes for derivatives (Credit and Equity). Validate Credit Spreads, Recovery Rates and Forward/ Correlation inputs plus volatility calibration Implement valuation adjustment policies and Fair Value Hierarchy Risk Analytics & Reporting Lead moderately complex initiatives in risk analytics and reporting Aggregate, forecast, and reconcile data for risk metrics and dashboards Prepare monthly IPV and aged inventory reports Compliance & Governance Ensure compliance with internal policies, external standards, and all applicable regulatory requirements and examinations. Document models and maintain compliance with internal governance standards Collaboration & Leadership Partner with Market Risk, Model Risk, and Product Control teams. Mentor junior analysts and lead cross-functional projects
Requirements
- 4+ years of Risk Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Nice To Haves
- Bachelor’s degree in Finance, Economics, Mathematics, or related discipline
- Advanced proficiency in Excel, SQL and Python
- Strong understanding of valuation methodologies, control and risk frameworks
- Knowledge of Equity Derivative and Credit Derivative markets and products
- Familiarity with vendor data systems (Markit/Totem, RVS, Bloomberg/Reuters)
- Proficient in Equity Derivatives and Credit Derivatives, with expertise in IPV processes including forward pricing, Credit Spreads, correlation, and volatility surface calibration
- Experience with Fair Value Hierarchy (FVH) and reporting
- Excellent communication and presentation skills
Responsibilities
- Execute and review IPV processes for derivatives (Credit and Equity)
- Validate Credit Spreads, Recovery Rates and Forward/ Correlation inputs plus volatility calibration
- Implement valuation adjustment policies and Fair Value Hierarchy
- Lead moderately complex initiatives in risk analytics and reporting
- Aggregate, forecast, and reconcile data for risk metrics and dashboards
- Prepare monthly IPV and aged inventory reports
- Ensure compliance with internal policies, external standards, and all applicable regulatory requirements and examinations.
- Document models and maintain compliance with internal governance standards
- Partner with Market Risk, Model Risk, and Product Control teams
- Mentor junior analysts and lead cross-functional projects
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
