About the Role
- This position joins a high functioning, high profile team and requires the presence and professional demeanor necessary to interact effectively with team members across RMG, Lines of Business (LOB), model governance, and oversight, validation, and audit organizations. This role will also utilize
- strong documentation capabilities
- for deposit balance forecasting, fees & expense, operational risk, liquidity risk, and
- financial crimes
- models
- Risk Modeling Deposits, Compliance & Operational Risk Modeling group
The responsibilities of this position will include, but not be limited to, the following
- Develop and manage model development strategy for balance forecasting of deposits, forecasting of fee income and expense.
- Communicate design and results of complex models to a variety of audiences, including senior management, bank supervisors, Model Governance, Internal Audit and LOB end users. Coordinate with business partners, including production teams, and end users to ensure accurate model usage and implementation
- Adhere to model validation governance to ensure models are in compliance with policy and are working as intended, address model validation and regulatory feedback issues.
- Managing in a detail oriented, results driven, quickly changing, and high demand environment while balancing multiple priorities
Required Qualifications
- Masters degree or higher in a quantitative field such as Statistics/Economics
- Risk Analytics, or equivalent demonstrated through one or a combination of the following work experience, training, military experience, education
- 3+ years of experience
- 5+ years of experience in credit risk modeling and analytics
- 5+ years of advanced programming expertise in SAS or Python or R
- Strong documentation capabilities
- Strong project management skills with ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
- Excellent verbal, written, and interpersonal communication skills
- Strong ability to develop partnerships and collaborate with other business and functional areas
Desired Qualifications
- Excellent verbal, written, and interpersonal communication skills.
- Perform various complex activities related to predictive modeling.
- Provide analytical support for development, remediation, and monitoring of Deposit & PPNR, Operational, Liquidity Risk, Financial Crimes models
- Support development, implementation, execution and monitoring of Regulatory models such as Basel, CECL, and CCAR models
- Develop dynamic dashboards analyze key risk parameters to help understand changes in business and model performance
- Identify opportunities and deliver process improvements, standardization, rationalization and automations. Enhance and standardize performance analysis, reporting packages and business loss forecast processes
- Maintain documentation for development, implementation and monitoring of processes across the team with focus on standardization of controls
- Ability to identify and manage complex issues and negotiate solutions within a geographically dispersed organization
Other Desired Qualifications
- Possess an execution-driven mindset to hold team accountable for results. Sets clear goals and follows up on progress.
- User-focused mindset with the intent to solve forecasting and risk problems rather than solely focusing on technical purity.
- Familiarity with Deposit modeling, income & expense modeling, Funds Transfer Pricing, Stress Testing, and Forecast/Planning
- Familiarity with programming in Python, SAS, R, and SQL.
- Familiar with modeling techniques such as regularization (e.g. LASSO), Error-correction models, ARIMA, discrete-time survival models, and Panel regressions.
- Experience with model risk management policies and procedures
- Experience working with US regulations, in particular the OCC and FRB
- Familiar with concepts/theory behind money creation and demand
- Conceptual understanding of interest rate and yields curve models
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.
Applicants with Disabilities
To request a medical accommodation during the application or interview process, visitDisability Inclusion at Wells Fargo
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