About this role:Wells Fargo Internal Audit is seeking a skilled and experienced Lead Quantitative Analytics Specialist to provide audit coverage of models/model risk management with a focus on, but not limited to CCAR, Finance & Treasury models used by the company. This individual will be a subject matter expert supporting the daily operations and the audit coverage approach for CCAR, Finance & Treasury models. This position provides a unique opportunity to gain a broad understanding of the risk management of models supporting Treasury & Finance analysis and forecasting, as well as Interest Rate Risk in Banking Book (IRRBB) management and Liquidity Stress testing. The individual will play an instrumental role in the ongoing auditing of models used to meet the regulatory requirements of CCAR (PPNR), Liquidity and IRRBB standards.
In this role, you will:- Provide leadership and credibility in the third line of defense challenge of modeling practices in the company, focusing on Finance & Treasury models. This includes evaluation of development documentation, validation activities, and ongoing monitoring.
- Plan, execute, and lead model audit engagements and technical reviews of models.
- Serve as subject matter expert to Wells Fargo Internal Audit staff, senior management, and business partners on regulatory expectations, model risk policy, and current industry modeling practices pertaining, but not limited to, Finance & Treasury models.
- Develop knowledge of business areas using Finance & Treasury models.
- Produce quality audit deliverables suitable for senior management and external distribution.
- Communicate findings and conclusions verbally and in writing to key stakeholders.
- Build and maintain relationships with internal and external stakeholders.
- Develop an understanding of Wells Fargo audit methodology and policy.
- Work effectively independently and within a team.
- Champion opportunities and recommendations for process improvement and innovation
Required Qualifications, US:- 5+ years of Quantitative Analytics experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Master's degree or higher in a quantitative discipline such as mathematics, statistics, engineering, physics, economics, or computer science
Desired Qualifications:- Audit experience, preferably executing and/or providing audit coverage of model risk management activities within financial institutions.
- 3+ years of hands-on experience in the model development, validation, or auditing of Treasury & Finance related models in the financial services industry, preferably within a large bank
- Working knowledge of SR 11-7 and OCC 2011-12 supervisory guidance
- Solid understanding of Treasury, Finance and Model Risk Management functions
- Working knowledge of stress testing and scenario design
- Hands-on knowledge and experience with SAS, SPSS, LOGXACT, R, Matlab
- Experience in data analysis and application of machine learning to Financial Forecasting and Stress Testing modeling
- Ability to execute in a fast paced, high demand environment while balancing multiple priorities
- Strong interpersonal skills and demonstrated persuasion, negotiation and influencing skills
- Excellent technical, non-technical, and executive verbal and written communication skills
Job Expectations:- This position is not eligible for VISA sponsorship
- Ability to travel up to 5%
Pay RangeReflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$144,400.00 - $300,000.00
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
Posting End Date:12 Dec 2024
* Job posting may come down early due to volume of applicants. We Value DiversityAt 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 US: 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.
Applicants with DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol PolicyWells 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.
