Bengaluru,

About Wells Fargo


Wells Fargo & Company (NYSE: WFC) is a leading global financial services company headquartered in San Francisco (United States). Wells Fargo has offices in over 30 countries and territories. Our business outside of the U.S. mostly focuses on providing banking services for large corporate, government and financial institution clients. We have worldwide expertise and services to help our customers improve earnings, manage risk, and develop opportunities in the global marketplace. Our global reach offers many opportunities for you to develop a career with Wells Fargo. Join our diverse and inclusive team where you will feel valued and inspired to contribute your unique skills and experience. We are looking for talented people who will put our customers at the center of everything we do. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.



Market Job Description


About Wells Fargo India


Wells Fargo India enables global talent capabilities for Wells Fargo Bank NA., by supporting business lines and staff functions across Technology, Operations, Risk, Audit, Process Excellence, Automation and Product, Analytics and Modeling. We are operating in Hyderabad, Bengaluru and Chennai locations.

Department Overview:
Corporate Model Risk: Wells Fargo's Corporate Model Risk is responsible for independently overseeing the management of model risk exposures across the enterprise (including governing, monitoring, and reporting on aggregate model risk exposures, model validations, and model oversight across enterprise). This oversight extends to all phases of a model's life cycle, including identification, development, validation, implementation, finding resolution, usage, performance monitoring, documentation, and retirement.

About the Role:


CMoR operates in a fast-paced work environment with continuously changing policies and technologies. The successful candidate is expected to be self- motivated, require minimal supervision, and produce work that is consistent with CMoR's recognized high standards. Effective work will involve familiarity with source systems of record, analytical data and sampling plans, model replications, model performance assessments, and test model development as effective challenges to lines of business. It further requires strength in writing detailed standard analytical reports to ensure Wells Fargo's compliance with governance policies and regulations. Each validation report will include assessments of the specific business, model purpose and history, the model methodology, data integrity, model development, performance, implementation, and monitoring. These documents are read by a broad audience, including auditors and regulators.

Responsibilities

:

  • CMoR serves as the second line of defense to ensure the integrity of Wells Fargo's model inventory. An Advanced Analytic Consultant 4 is an individual contributor role. This position will focus primarily on Mortgage Credit and Market Risk model validations. However, frequent special projects and seasonal requirements for CCAR validations will provide a variety of modeling contexts throughout each year. A validation project typically begins and ends with the analyst, requiring broad and continuous attention to detail, comprehensive documentation, and interactions with developers. Meetings with auditors and regulators will require recall of validation details.

  • An Advanced Analytic Consultant 4 should have a deep academic knowledge, broad based approach to solutioning business problems. He/she should approach the problem agnostic of analytic technique, tool or process. Ability to think outside the box and provide ensemble solutions should set them apart to be a high performing team member

    This is role will also require to review reports of junior validators and also train team members on validation process and policies. This role will also require to provide thought leadership



Market Skills and Certifications


  • 7-10 years of experience with minimum Masters/Phd in a quantitative field such as applied math, statistics, engineering, physics, accounting, finance, economics, econometrics, computer sciences, or business/social and behavioral sciences with a quantitative emphasis

  • Performing model validations and clearly documenting evidence of validation activities

  • Develop benchmarking and alternative models in Python/R/Matlab/SAS

  • Providing effective challenge to models developed in/for the lines of business, including identifying conceptual weaknesses in a model and understanding tradeoffs with other approaches

  • Managing and mitigating model risk to meet or exceed regulatory and industry standards

  • Providing leadership and consultation to less experienced validators and business partners

  • Communicating model risk findings and limitations to key stakeholders

  • Contributing to the improvement of model building and model use practices

  • Providing analytical support and offering insights regarding a wide array of business initiatives

  • Interacting with senior management and regulators on key modeling issues, including the identification, management, and mitigation of model risk

  • Proactively following the industry trend to apply and develop new technology to improve efficiency


Desired Skills:

  • Strong mathematical, statistical, analytical and computational skills

  • Strong communication skills for a variety of audiences (other technical staff, senior management and regulators) both verbally and in writing

  • Capability to multi-task and finish work within strict timelines and provide timely requests for information and follow-up questions

  • Ability to work independently on complex model validations from start to finish

  • Able to demonstrate first-hand knowledge of advanced topics in various mathematical and numerical methods such as Monte Carlo, stochastic calculus, differential equations, linear algebra, applied probability, and statistics;

  • Skill in managing relationships with key model stakeholders

  • Eagerness to contribute collaboratively on projects and discussions

  • Perpetual interest in learning something new, but being comfortable with not knowing all the answers

  • Attention to detail in both analytics and documentation

Aptitude for synthesizing data to 'form a story' and align information to contrast/compare to industry perspective Intellectually curious, who enjoy solving problems.



We Value Diversity


At Wells Fargo, we believe in diversity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national or ethnic origin, age, disability, religion, sexual orientation, gender identity or any other status protected by applicable law. We comply with all applicable laws in every jurisdiction in which we operate.

60315

Bengaluru,

At Wells Fargo, we’ve been proudly supporting military veterans and their families for more than 170 years.

We value the leadership, discipline, and skills you’ve gained through your service to our country and recognize the contributions our veteran team members bring to the table. We’re so committed to hiring and retaining military veterans, veterans with disabilities, National Guard members, and Reservists that we’ve made it our goal is to employ 20,000 veterans by 2020.

As a Wells Fargo team member, you’ll find a work culture that is team-oriented, collaborative, structured, and challenging. We support veterans transitioning from military service with a variety of job options, confidential resources, educational information, and career guidance. You may choose to join our Veteran’s Team Member Network, a group of thousands who share an interest in veterans’ matters, and that promotes greater awareness and job development within the veteran community. To learn more about opportunities at our company, please visit wellsfargojobs.com/military. Let’s talk about turning your military experience into a great civilian career.

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