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 20 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


The Asset/Liability Management group evaluates the Company's exposure to interest rate risk, determines strategies to improve performance and provide management and steering of the Company's balance sheet, interest rate exposure, liquidity, and capital in the banking book. It set limits on how much of the Company's annual earnings and evaluates how much of the Company's estimated longer-term value will be put at risk under the assumption of interest rate scenarios that differ significantly from management's most likely planning assumptions. The ALM(Asset Liability Management) balance sheet and net interest income modeling framework is also leveraged for capital stress testing and provides inputs to liquidity management.

About the Role


Internally this job designation is known as Analytic Consultant 3. You will work as part of the Interest Rate Risk (IRR) and Balance Sheet (BS) Modeling/ Analytics team to support balance sheet risk management enhancements. You will interact closely with other members of the ALM(Asset Liability Management) team.

Responsibilities

  • Support balance sheet risk management enhancements by analyzing and reporting on key assumptions, sensitivity analysis and attribution analysis used in the forecasting process
  • Verify the accuracy, reasonableness, and consistency of data and assumptions and provide in depth analysis and understanding of key drivers
  • Support business initiatives to enhance existing Asset and Liability management capabilities through documenting business requirements, analytical test work and enhancement of control framework
  • Analyze month over month changes in portfolio position data and be able to report on significant changes in balance movements by underlying rate index
  • Prepare and analyze reporting on manual reporting adjustments and be able to identify significant changes and drivers compared to prior forecasts or alternate scenarios
  • Assist in ad-hoc analysis/projects as and when necessary


Market Skills and Certifications


Essential Qualifications

  • University degree preferably in Finance, Economics, and Mathematics related field, MBA Finance preferred.
  • Experience of more than 7 years in Data Analysis, Forecasting and Reporting on regular and ad-hoc initiatives.
  • Knowledge in Banking/Financial Services domain particularly US Banking
  • Advanced proficiency in the use of MS excel, VBA(Visual Basic for Applications) and Macros
  • Strong analytical skills.
  • Strong inter-personal and communication skills.

Desired Qualifications

  • Experience of working across one or more geographic territories or regions
  • Prior Experience in FP&A, Quantitative Modeling, VaR, CCAR
  • Python, Sql, SaS experience
  • CFA and FRM certification is a plus
  • Certification in Financial Risk Management


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. 68952

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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