Job Description
Important Note: During the application process, ensure your contact information (email and phone number) is up to date and upload your current resume when submitting your application for consideration. To participate in some selection activities you will need to respond to an invitation. The invitation can be sent by both email and text message. In order to receive text message invitations, your profile must include a mobile phone number designated as 'Personal Cell' or 'Cellular' in the contact information of your application. At Wells Fargo, we want to satisfy our customers' financial needs and help them succeed financially. We're looking for talented people who will put our customers at the center of everything we do. Join our diverse and inclusive team where you'll feel valued and inspired to contribute your unique skills and experience. Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you. Wells Fargo's Consumer Lending businesses empower millions of customers to achieve their dreams every day. Whether it's buying a home, purchasing a car, funding a significant purchase, or making important daily credit card purchases, Consumer Lending provides important credit products and services that help our customers succeed. The group includes Home Lending, Auto, Credit Cards, Retail & Merchant Services, Personal Lending, Consumer Lending Control, and Consumer Lending Shared Services. The Consumer Lending team partners with other businesses across Wells Fargo to create and deliver transformational experiences that help customers gain access to credit. The vision for the Consumer Lending business is to leverage technology and data to make it simple for customers to easily access credit when and where they need it. Consumer Lending serves customers across the country through our distribution network of more than 5,300 retail banking branches and Home Lending offices as well as online and digital channels. This role will be responsible for managing the Consumer Lending (CL) model risk lifecycle and ensuring all models are compliant to Model Risk Management Policy, including the completion of model identification, risk assessment, performance monitoring, annual reviews, and validations within policy required time frame. This role will also ensure completeness of the CL model inventory, facilitate design/execution/training of CL Model Risk Governance procedure and support Regulatory/Audit exams. Specific Responsibilities: - Manage the CL model risk lifecycle and ensuring all models are compliant to Model Risk Management Policy, including the completion of model identification, risk assessment, performance monitoring, annual reviews, and validations within policy required time frame
- Ensure completeness of the CL model inventory
- Lead Annual Model Risk Deep Dive and quarterly model attestation
- Present and escalate in the CL Model Risk Council to senior management team
- Support design/execution/training of CL Model Risk Governance procedure
- Monitor risks related to CL models and report key model health metrics on a regular basis
- Support Regulatory and Internal Audit exams of CL Model Risk Governance program and inventory
- Support Business Process Management (BPM) related activities related to Model risk across CL
Preferred work locations: Charlotte, NC; Des Moines, IA; and Concord, CA.
Required Qualifications
- 10+ years of experience in analytics, modeling or a combination of both demonstrated through work or military experience; or a 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 and 7+ years of experience in analytics, modeling, or a combination of both
- 2+ years of model risk experience
Desired Qualifications
- A BS/BA degree or higher
- Financial services industry experience
- Ability to articulate complex concepts in a clear manner
- Ability to exercise independent judgment and creative problem solving techniques
- Ability to manage complex data and reporting projects requiring coordination of resources at different levels both internally and externally
- Ability to prioritize work, meet deadlines, achieve goals, and work under pressure in a dynamic and complex environment
- Ability to take initiative and work independently with minimal supervision in a structured environment
- Ability to work and influence successfully within a matrix environment and build effective business partnerships with all levels of team members
- Advanced Microsoft Office skills
- Extensive knowledge and understanding of research and analysis
- Strong analytical skills with high attention to detail and accuracy
- Excellent verbal, written, and interpersonal communication skills
Other Desired Qualifications
- 3+ years of model risk experience
- Working knowledge of Model Risk principals
- Knowledge of Model Risk process and systems
Street Address
NC-Charlotte: 301 S Tryon St - Charlotte, NC
IA-Des Moines: 6200 Park Ave - Des Moines, IA
CA-Concord: 1755 Grant Street - Concord, CA
Disclaimer
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.
Benefits Summary
Benefits
Visit https://www.wellsfargo.com/about/careers/benefits for benefits information. |
