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 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.
As the company's second line of defense, Corporate Risk — or Independent Risk Management — provides independent oversight of risk-taking activities. Independent Risk Management establishes and maintains Wells Fargo's risk management program and provides oversight, including challenges to and independent assessment of, the frontline's execution of its risk management responsibilities. We manage risk according to the Risk Management Framework and ensure all employees understand their individual accountability for managing risk. Corporate Risk roles depend on a variety of skills, including: Data analysis and synthesis, root cause analysis, change management, process management & execution, risk governance, risk strategy, risk identification & assessment, risk prevention, controls & mitigation, risk monitoring, reporting & escalation, risk systems & technology.
The Corporate Model Risk Group (CMoR) is seeking an experienced quantitative analyst to join its Model Validation team. Our diverse lines of business offer a world of opportunity to expand your capabilities and advance your career. We invest in our people and provide a supportive environment in which to learn and grow.
CMoR serves as the second line of defense to ensure the integrity of Wells Fargo’s model inventory. This position will focus primarily on Credit Scoring and Collections model validations. 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.
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.
2+ 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
Other Desired Qualifications
PhD in a quantitative discipline involving computer science, engineering, or statistics
5+ years of industrial programming experience with Python and R, large data files, experience with a variety of open-source programming systems (e.g., H2O, Keras, TensorFlow)
5+ years of experience in a statistical model development environment utilizing best practices and methodologies, including but not limited to data integrity, sampling, model design, model assessment and performance, and documenting model development.
Knowledge of supervised and unsupervised machine learning methodologies such as ANN, GBM, and Random Forests.
Experience with regulatory requirements related to loss forecasting and stress testing, credit scorecards, marketing, financial crimes, or fair lending risk
History of development and applications of quantitative methods
Model validation experience and some knowledge of financial institution regulatory requirements
Experience with regulatory and audit challenges
General awareness of recent developments in applied statistical applications
Expertise in machine learning methodologies as well as traditional statistical applications
Team player with capacity for independent judgment, and a desire to share knowledge and work with colleagues
Professional, clear and concise written and oral communications, intended for others within the model validation team, other business units, and regulators.
Ability to document and present model development process and analytical results for audiences of all technical backgrounds and authorities
Quick learner who can accommodate rapid changes in analytical focus
Facile in managing relationships with business partners and simultaneous multiple projects
NC-Charlotte: 401 S Tryon St - Charlotte, NC IA-Des Moines: 800 Walnut St - Des Moines, IA MN-Minneapolis: 90 S 7th St - Minneapolis, MN CA-SF-Financial District: 550 California St - San Francisco, CA
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