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About this role
Wells Fargo is seeking a Senior Enterprise Risk Specialist.
The Model Validatoris responsible for completion of high-quality model validations to support business activities in the following areas Treasury, Capital, Liquidity, Operational, Pre-Provision Net Revenue (PPNR), Finance, Asset-Liability Management, Balance Sheet, Business planning including Stress Testing (DFAST/CCAR) and Recovery and Resolution Planning (RRP) as applicable.
In this role, you will
- Participate and develop, implement and monitor risk based governance programs to identify, assess and mitigate risks across lines of business and risk domains in multiple risk categories
- Review moderately complex business, operational, or technical challenges that require an in depth evaluation of variable factors
- Provide oversight, develop, implement, monitor and challenge for corporate governance risk programs and manage reporting
- Utilize risk knowledge to issue resolutions for moderate to high risk companywide projects and initiatives
- Develop, implement, monitor and interpret, risk based governance programs, create new policies and guidelines
- Resolve moderately complex issues and lead team to meet risk area, projects and process deliverables, while leveraging solid understanding of the risk policies, procedures and compliance requirements
- Guide and direct the organization in terms of policies, effectiveness of companywide initiative execution, and reporting to the Board
- Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals, may lead projects, teams or serve as a mentor
- Identify training opportunities, design and coordinate development of the training materials, deliver training
- Execute the Validation processes based on model risk supervisory guidance, Model Risk Management Policy and procedures, and current industry best-practices in one or more of the above-named areas. In particular
- Ensure credible challenge of models through validation process
- Evaluate all relevant components of models and assess model soundness across lifecycle
- Identify areas of weakness and work with model owners, risk partners, and other key stakeholders to ensure risk commensurate remediation
- Demonstrate strong knowledge of subject matter area of focus, as well as sound validation and analysis techniques
- Deliver high quality and timely validation reports combining intellectual rigor, analytical depth, and key model risk perspective
- Support timely resolution of model weaknesses
- Follow reporting and escalation protocols of review results and follow up on identified risks/observations
- Continually work to improve efficiency, consistency, and quality of independent model validation
- Ensure all models within scope are independently validated per expected standards and schedule
- Build and maintain effective working relationships with key partners and stakeholders across Wells Fargo
- Understand model risk supervisory guidance, Model Risk Management Policy, and current industry best-practices
Required Qualifications
- 4+ years of Risk Management experience (includes Compliance, Financial Crimes, Operational Risk, Audit, Legal, Credit Risk, Market Risk, IT Systems Security, Business Process Management) or equivalent demonstrated through one or a combination of the following work experience, training, military experience, education.
- Desired Qualifications
- License certifications in finance and risk such as CFA, FRM, preferred
- Understanding of model risk supervisory guidance and model validation requirements for large and complex institutions, across geographies
- Knowledge of Wells Fargo systems and process, and industry standard practices for CCAR/DFAST, RRP, etc.
- Degree in statistics, math, engineering, physics, accounting, finance, economics, econometrics, computer sciences, or business/social and behavioral sciences with a quantitative emphasis preferred
- 5+ years of experience model validation /model implementation/ model development in financial risk across any area
- Strong analytical skills with high attention to detail and accuracy
- Experience in producing work of highest quality within tight timelines, as well as creating, maintaining, and supporting processes subject to intense regulatory scrutiny.
- Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
- Technical or academic writing skills and experience
- Excellent communication skills and experience in building and maintaining partnerships, collaborating across lines of business as well as with corporate partners
- Proficiency managing databases, spreadsheets, or programming (understanding code and coding including one or more of SAS, Python, R, VBA, C, Java, or C++)
Posting End Date
*Job posting may come down early due to volume of applicants.
We Value Diversity
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
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 USAll 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.
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.
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To request a medical accommodation during the application or interview process, visit
Disability Inclusion at Wells Fargo
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