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Help us build a better Wells Fargo. It all begins with outstanding talent. It all begins with you.

Corporate Risk helps all Wells Fargo businesses identify and manage risk. The team focuses on several key risk types, including conduct, credit, financial crimes, information security, interest rate, liquidity, market, model, operational, regulatory compliance, reputation, strategic, and technology risk.

The group provides leadership, enhances communications, assists with problem identification and solutions, and shares best practices. In addition, the group provides an enterprise-wide view of risk, assists management and our Board of Directors in identifying and monitoring risks that may affect multiple lines of business, and takes appropriate action when business activities exceed the risk tolerance of the company.

Wells Fargo Bank N.A. seeks a Quantitative Analytics Specialist in Charlotte, NC.

Job Role and Responsibility:

Perform model validations and clearly document evidence of validation activities. Develop benchmarking and alternative models in Python/R/SAS. Provide effective challenge to models developed in/for the lines of business, including identifying conceptual weaknesses in a model and understanding tradeoffs with other approaches. Manage and mitigate model risk to meet or exceed regulatory and industry standards. Provide leadership and consultation to less experienced validators, business partners. Communicate model risk findings and limitations to key stakeholders. Contribute to the improvement of model building and model use practices. Provide analytical support and offering insights regarding a wide array of business initiatives. Interact with senior management and regulators on key modeling issues, including the identification, management and mitigation of model risk. Proactively follow the industry trend to apply and develop new technology to improve efficiency.

Travel required: None

Required Qualifications:

Position requires a Master’s degree in Economics, Statistics, Mathematics, Physics, Engineering, Computer Science, or related quantitative field and two (2) years of experience in the job offered or in a related role involving quantitative analytics experience. Experience can be gained concurrently with graduate level education.

Specific skills required (can be gained through work experience or graduate degree coursework):

Experience in model validation, or development, within residential mortgage back securities, asset-liability management, interest rate derivatives, and stochastic/statistical modelsKnowledge and hands-on experience with Mortgage AnalyticsExperience with Artificial Intelligence/Machine Learning model development or validationKnowledge of financial industry practices and regulatory standards on model development and model validationExperience with Python

Posting End Date: 

27 Feb 2025

*Job posting may come down early due to volume of applicants.

We Value Diversity

At 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.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

 

Wells 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.