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At Wells Fargo, we are looking for talented people who will put our customers at the center of everything we do. We are seeking candidates who embrace diversity, equity and inclusion in a workplace where everyone feels valued and inspired.
Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.
Internal Audit is a provider of independent, objective assurance services delivered through a highly competent and diverse team. As a business partner, Audit helps the company accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
Wells Fargo Internal Audit has a challenging opportunity on the highly-visible Quantitative Model Risk Audit Team within Corporate Risk and Capital Market (CRCM). We are looking for an individual with quantitative education and experience to provide audit coverage of analytical models used at the company. This individual will be a subject matter expert supporting the daily operations and the audit coverage approach with the team.
This position provides a unique opportunity to gain a broad understanding of the risk management of models across the company, in areas such as market risk, trading products, credit risk, counterparty risk, operational risk, financial crimes, treasury, PPNR, home lending, and wealth & investment management. The individual will play an instrumental role in the audit of the models used to meet the regulatory requirements of Basel, CCAR, and the Market Risk Rule. Responsibilities for this role include, but are not limited, to the following:
Providing leadership and credibility in the challenge of modeling practices in the company, including performing replication analyses with data mining and coding.
Planning, executing, and leading technical audit reviews of models, modeling and validation areas, and model risk governance processes.
Providing expert guidance and support on technical model questions, model risk policy, regulatory requirements, and best industry practices to Wells Fargo Internal Audit staff, senior management, and business partners.
Producing quality deliverables suitable for senior management and external distribution.
Communicating testing findings and conclusions verbally and in writing to key stakeholders.
Building and maintaining relationships with internal and external model stakeholders.
Understanding model risk regulatory requirements, supervisory guidance, model risk policy and current industry practices in areas of expertise.
Developing an understanding of Wells Fargo audit methodology and policy.
Developing business knowledge of focus modeling areas.
Training, mentoring, and providing direction to junior team members and supporting their development.
Work effectively independently and within a team.
Championing opportunities and recommendations for process improvement.
4+ years of experience in an advanced scientific or mathematical field
A master's degree or higher in a quantitative field such as mathematics, statistics, engineering, physics, economics, or computer science
Ability to execute in a fast paced, high demand, environment while balancing multiple priorities
Ability to work effectively in a team environment and across all organizational levels, where flexibility, collaboration, and adaptability are important
Excellent verbal, written, and interpersonal communication skills
Good analytical skills with high attention to detail and accuracy
Solid problem solving skills
Strong organizational, multi-tasking, and prioritizing skills
Other Desired Qualifications
A PhD in a quantitative discipline
4+ years of experience in model development, model validation, or model risk auditing in the financial services industry, preferably with a large bank.
Working knowledge of SR 11-7 and OCC 2011-12 supervisory guidance
Strong professional and work ethics
Demonstrated ability to lead junior team members
Project management skills
Strong interpersonal skills, and demonstrated persuasion, negotiation and influencing skills
Strong technical, non-technical, and executive verbal and written communication skills
Hands-on knowledge and experience with one or more technical tools such as Python, C/C++/C#, SQL, R, Python, Matlab, SPlus, Gauss, or SAS
Ability to travel up to 10% of the time
All offers for employment with Wells Fargo are contingent upon the candidate having successfully completed a criminal background check. Wells Fargo will consider qualified candidates with criminal histories in a manner consistent with the requirements of applicable local, state and Federal law, including Section 19 of the Federal Deposit Insurance Act.
Relevant military experience is considered for veterans and transitioning service men and women. Wells Fargo is an Affirmative Action and Equal Opportunity Employer, Minority/Female/Disabled/Veteran/Gender Identity/Sexual Orientation.
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,400 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy. With approximately 260,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.
www.wellsfargo.com | Twitter: @WellsFargo